Home / Lenders / Reverse Mortgage Lenders, Florida

This rate option will give you access to more cash proceeds over the life of the loan than any other product option available. You will notice that there is a line of credit available after 12 months which will allow you to receive the most money possible in the first 12 months. If your number one goal with the Reverse Mortgage is to get your hands on as much money as possible this is the option for you.

If your priority is to preserve as much equity in your home while still leaving access to a line of credit to have in case of an emergency this is the product you would want to choose. If you review the amortization schedule for this product, you will see that over the years your outstanding loan balance with this selection will be lower than the other product options.

With this product option you will keep your closing costs as low as possible in order to establish your Reverse Mortgage. If you are most concerned with the costs to set up the loan and less concerned with the amount of proceeds you will receive, this is the product I would recommend for you.

As the name indicates this is a Fixed Rate loan option. Your rate would never be subject to change if you choose and close on this product option. This is the option you would select if your biggest priority was to secure a rate that would not be subject to change. Fixed Rate loans are a single disbursement lump sum so there is no option for a credit line. Depending on your individual circumstances, a Fixed Rate loan option may not provide you with as much available loan proceeds as one of the adjustable products so you will want to compare the amount of proceeds available when making your decision.

If your current home value is higher than $1.25 Million, this is a product you will want to look at in comparison to the Government product. The Government Insured Reverse Mortgage has a maximum value currently of $679,650. This means that any additional value above that figure is not factored into the loan amount calculation. Having a value higher than $679,650 does not prohibit you from still considering the Government Product, but at higher home values, this product may provide you with significantly more funds available than the Government Product can. There is no Mortgage Insurance Premium on this product so the closing costs are usually lower for this product in most cases. This is a Fixed Rate product so the proceeds are given as a lump sum only in lieu of the option for a credit line. If you have a larger existing mortgage or are looking to receive additional proceeds above what the Government product can provide, this is the best option to accomplish that goal.

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Top 10 Reverse Mortgage Lenders in Florida

Lender Name	Company Start Date	Lender Rating	Review Stars (0-5.0)	% of Positive Reviews	# of Complaints Last 3 Yrs.	BBB Reviews
All Reverse Mortgage, Inc. of Florida	05/27/2004	A+	5.0	100%	2	Review Source
American Advisors Group (AAG)	10/29/2004	A-	4.1	82%	41	Review Source
Reverse Mortgage Funding LLC	09/25/2012	A+	3.2	64%	3	Review Source
Live Well Financial, Inc.	08/28/2008	A+	2.1	17%	9	Review Source
One Reverse Mortgage, LLC	07/12/2001	A+	3.2	60%	5	Review Source
Liberty Home Equity Solutions, Inc.	09/05/2003	A+	2.7	40%	5	Review Source
HighTechLending Inc	06/06/2006	C+	2.3	0%	2	Review Source
Reverse Mortgage Solutions, Inc.	02/21/2007	F	1.05	1%	86	Review Source
Synergy One Lending, Inc. (Retirement Funding Solutions)	01/09/2013	A+	N/A	N/A	1	Review Source
Finance of America Reverse LLC	10/15/2003	A+	N/A	N/A	3	Review Source

*Source: BBB Lender Ratings as of 12-23-2018

All Reverse Mortgage® is proud to be Florida's #1 Rated Reverse Mortgage Lender by the BBB with a Perfect 5.0 Stars and A+ Exemplary Rating. We currently lend in 16 states and all throuout Florida.

All Reverse Mortgage was incorporated in November 2004 and as the name implies, the only loan product that All Reverse Mortgage® originates is in fact, the reverse mortgage.

We’re committed to be your lender because you deserve the best rate at the lowest price possible.

We’re a HUD Approved direct lender lending the national HECM programs and offer a suit of Non-FHA & Jumbo Reverse Mortgages to better suit homeowners in FL with higher value homes over the national 2019 lending limit of $726,525.

We welcome you to compare our reviews and our lower rates and closing costs to any other major lender! The difference is clear, and we can’t wait to show you

Florida Reverse Mortgage Facts

State	Homeowners Age 62+	Reverse Mortgages Closed Last 12 Months	Purchase Reverse Mortgages Closed Last 12 Months	Lenders in Florida	Avg. Home Value
Florida	2,194,889	4,273	285	339	$205,100

HUD Approved Direct Lender

florida lenders map coverage

All Reverse Mortgage® is approved with the Department of Housing and Urban Development (HUD) to originate, underwrite and close the HUD Home Equity Conversion Mortgage (HECM, or “Heck-um”). The HECM is HUD’s acronym for their reverse mortgage loan.

All Reverse Mortgage® originates in Florida and offers refinance loans, where borrowers already own their home and are looking to either pay off their existing loan and have no more monthly mortgage payment; or can help borrowers utilize their equity for other purposes if they have no existing loan or possibly a combination of both.

About All Reverse Mortgage®

The owners and management of All Reverse were part of the team that wrote and sold the first fixed rate jumbo reverse mortgage in 2008 and as such, have extensive experience in jumbo or proprietary loan programs as well. We are always looking for new products to offer to borrowers of high valued homes in the higher home priced markets that the HUD HECM may just not serve as well. Jumbo or proprietary programs typically offer lower Principal Limits as they relate to home values, though, so not all borrowers are best served with the jumbo programs available.

A seasoned originator can readily inform borrowers which program will best suit their needs and the positives and negatives of each so that the borrower can make an informed decision. It is no longer uncommon anywhere in the country for a market to be a solid HUD HECM market and then within just a short distance for a niche jumbo market to be located where there is a need for a jumbo program.

Therefore, homeowners aged 62 and above in all markets have seen that the reverse mortgage can be a very solid financial tool and many are now seeking the reverse mortgage to augment their retirement plans and not so much the mortgage of last resort. Everything from the elimination of existing mortgage payments to the line of credit that grows make reverse mortgage borrowers understand that this program allows them to utilize their homes to not only live comfortably in their family home, but to plan for the future as well.

Florida Lending Limits

florida lending limits

The state of Florida is most often thought of when people think of a place many Americans go to retire. In fact, there are 2,188,722 homeowners 62 and older in The Sunshine State. Florida is also the third-most populous and eighth-most densely populated state in the country. Popular retirement destinations within Florida include The Villages, Boynton Beach, Lady Lake, Clearwater and Naples, among others.

Florida’s economy heavily relies on tourism, agriculture and transportation. The state is known for its beaches, amusement parks, orange farming, the Kennedy Space Center and as a stereotypical area for retirees.

The Orlando, Florida area is known for its Walt Disney World Resorts which consist of multiple theme and water parks including Magic Kingdom, Epcot, Disney’s Hollywood Studios, Disney’s Animal Kingdom, Disney’s Typhoon Lagoon Water Park and Disney’s Blizzard Beach Water Park.

Florida has many sports teams, which include three NFL teams, two MLB teams, two NBA teams, two NHL teams and one MLS team. Auto racing is also a big deal in the state as Daytona Beach, Florida is the headquarters of NASCAR, which is where the Daytona 500 is held each February.

The average home value in Florida is $205,100—much lower than the maximum reverse mortgage lending limit of $726,525

If you reside in Florida, All Reverse Mortgage® is here to answer your questions. Call Toll Free (800) 565-1722 – Or try ARLO™ our revolutionary reverse mortgage calculator that offers side-by-side program comparisons, real-time interest rates and expert recommendations.

Other Areas of Interest in Florida

Bradenton Cape Coral Fort Myers Jacksonville Miami Orlando Palm Beach Sarasota St. Petersburg Tampa

Florida Approved Reverse Mortgage Counseling Agencies

Agency Name	Phone	Address	Website	Agency ID	Languages
CONSUMER CREDIT AND BUDGET COUNSELING, DBA NATIONAL FOUNDATION FOR DEBT MANAGEMENT	866-395-5769	14104 58th St N Clearwater, Florida 33760-3758	www.nfdm.org	81555	English Spanish
HOUSING FOUNDATION OF AMERICA - LAKE WORTH FLORIDA	561-713-1457	8461 Lake Worth Road Suite 117 LAKE WORTH, Florida 33467-2474	www.approvedbyhud.org	90343	English
HOUSING FOUNDATION OF AMERICA, LAUDERHILL FLORIDA	954-923-5001	1773 N State Road 7 Suite 101-D LAUDERHILL, Florida 33313-5005	www.approvedbyhud.org	90342	English
HOUSING FOUNDATION OF AMERICA	786-842-3843	16201 SW 95th Avenue Suite 214 MIAMI, Florida 33157-3459	www.approvedbyhud.org	90154	English Spanish
CCCS OF PUERTO RICO -ORLANDO	787-722-8835	8751 Commodity Cir Suite #4 Orlando, Florida 32819-9027	https://www.consumerpr.org	90149	English Spanish
HOUSING FOUNDATION OF AMERICA	954-923-5001	2400 N University Drive # 200 PEMBROKE PINES, Florida 33024-3629	www.approvedbyhud.org	84470	English Spanish
GREENPATH FINANCIAL WELLNESS	888-860-4167	5100 W Kennedy Blvd Suite 125 Tampa, Florida 33609-1849	www.greenpath.com	90070	English Spanish

Did you know? Florida state does not mandate in-person counsleing. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.

Additional Resources:
Top 10 Lender Reviews & Ratings: https://reverse.mortgage/best-reverse-mortgage-lenders
Reversemortgage.org NRMLA Members in Florida: https://www.reversemortgage.org/Find-a-Lender/state/FL
HUD.GOV Approved Lenders Search: https://www.hud.gov/program_offices/housing/sfh/lender/lenderlist

Our Exclusive Programs Designed to Fit Your Needs.

All Reverse Mortgage© has consistently brought exclusive offers to our valued Florida homeowners. Because of our unique process we're able to offer a better federally-insured reverse mortgage with no compromise.

Take a look at some of our program benefits that you won't find elsewhere:

	Exclusive 4.25% (5.95% APR) Fixed Rate for Life

	Government Insured & Jumbo Proprietary Programs

	Flexible Credit Lines from 2.98% with the Industries Lowest Lifetime Rate Exposure

	ZERO Origination Fee Plans

	ZERO Financed Closing Cost Plans

	ZERO Monthly Servicing Fees on ALL programs

*Complete form above to receive a comparison of all available programs. Excludes state taxes when applicable. Min loan amount for $0 origination fee is $40,000. *APR ran at $185,000 loan amount / 60% or less PLF utilization. Lifetime rate cap on all adjustable rate plans just 5% over the start rate.

How can we offer you more favorable terms?

We are a direct lender approved by FHA (Federal Housing Administration)

The HECM is literally all we do. All Reverse Mortgage is not just a name for us. We have a very low (almost non-existent) staff turnover and our people are experts.

We don't work with Brokers, allowing us to pass the savings on to you.

We don't hire "celebrity" spokespersons as we don't believe you should have to pay for a lender's expensive marketing budget with higher loan costs.

We Charge Less! Check out our competition and our customer ratings. We never forget that this loan is about you and your needs and we put you first with superior service and lower costs.

All Reverse vs. the others

It may surprise you but those "celebrities" you see all over TV have some of the worst independent consumer ratings in the industry. Compare us and you will see the crystal clear difference, from customer service to loan terms we never compromise.

Top A+ Rating By The Better Business Bureau

eKomi Independent Reviews 4.9 out of 5 Stars

Trustlink Independent Reviews 5 out of 5 Stars

HUD approved direct lender.

Working with a local Florida lender saves you time and money.

As an award-winning direct lender our goal remains simple; to offer you the very best terms accompanied by extraordinary customer service.

Click here to view our HUD Approval

What Our Customers Are Saying

"There was no car salesman type of protracted negotiation. All reverse got right down to a good quote without a series of incremental steps."

"I was surprised how easy it was to deal with an out of state company. Actually it was much easier than my previous dealings with local banks and brokers"

"It is a wonderful feeling to have no mortgage and extra cash in our pocket. We are very happy."

"Thank you to All Reverse for handling everything in an efficient and smooth way. Thoroughly appreciate everything you have done to make things easy for me."

"This was the smoothest mortgage process I have ever experienced! And so fast!"

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