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HECM Reverse Mortgages in Florida

Explore What Your Home Equity Could Do for Your Retirement

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Google 5-star customer satisfaction

You’ve Built Equity. Let’s Explore What Comes Next.

Your home has been part of your story for years. A HECM reverse mortgage may help it support your next chapter, too. Available to eligible homeowners aged 62 and older, this FHA insured program lets you access a portion of your equity without selling your home.

You might use the funds to supplement retirement income, make home improvements, cover a larger expense, or leave more room in your monthly budget. There are no required monthly principal and interest payments while loan requirements are met. Any existing mortgage must be paid off at closing using the proceeds and additional funds if needed.

Your home stays yours. You’ll continue paying property taxes, insurance, applicable HOA fees, and maintenance costs, and living there as your primary residence. Interest, mortgage insurance, and applicable fees add to the balance over time, and the loan must eventually be repaid.

At Select Home Loans, we’ll help you look at the possibilities with your life and priorities in mind.

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Reverse HELOC | Second Mortgage in Florida

Why choose Select Home Loans?

  • Diverse mortgage options: Conventional, FHA, VA, Reverse Mortgages, Jumbo, Non-QM Loans, HELOC, Second Mortgages, and DSCR Loans.
  • Trusted reputation: A+ Rated and accredited by the Better Business Bureau.
  • Customized service: Solutions crafted to meet your specific requirements.
  • Established credibility: A reputation built on trust and experience.
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Pre-approved for a loan up to $500,000

HECM Options for Your Florida Retirement Plans

Maybe you’d like funds available for unexpected expenses. Maybe regular monthly disbursements would make budgeting more comfortable. Or perhaps you have a specific project in mind. Depending on the HECM selected, you may receive a lump sum, a line of credit, monthly disbursements, or a combination. Fixed rate options provide a lump sum, while adjustable rate options offer more payout choices.

We’ll help you estimate available funds based on your age, home value, current mortgage balance, and financial circumstances. Then we’ll walk through rates, costs, and how your choices affect your remaining equity, including when repayment is required.

You’ll also meet with an independent HUD approved counselor to understand the program and alternatives. Our team will explain the steps, help with documentation, and stay in touch throughout the process. No pressure to rush. Just room to ask questions and decide what feels right for you.

Have more questions? Visit the FAQ section on our reverse mortgage page, or reach out to our team. We’re happy to help.

More Choices. More Clarity. More Support.

More Options
Multiple lending partners, with programs and rates to fit your goals.
3,500+
Borrowers helped along the way
39States
Business-purpose DSCR financing for eligible investment properties.

Hear What Our Clients Have To Say!

“We recently worked with Nick Andrews on a DSCR refinance for our investment property in Florida. The experience was smooth from start to finish. He handled the process exactly how an investor loan should be handled: clear communication, fast turnaround, and no surprises. From the initial quote through underwriting and closing, Nick stayed on top of every moving piece (DSCR calculations, rental income documentation, appraisal coordination, conditions) and explained everything in plain English. If you’re an investor looking for a rental income loan, I’d strongly recommend Nick at Select Home Loans.”
Brian N.Jupiter, Florida
“I just wanted to send a note to thank you for all of your support and guidance throughout the mortgage process while purchasing our home. It could have been a nerve-racking experience and you very calmly guided me along the way and certainly made the experience much better than it easily could have been.”
Isabel B. & Gerald B.West Palm Beach, Florida
“Thank you Scott, for your superb assistance with Barry & Sally! Really appreciate working with people that take their profession to that next level like you!”
Miriam L.Orlando, Florida
“I was new to the area and just picked a mortgage company out of a hat. Fortunately, this was Select Home Loans. From start to finish, the process went smoothly and without any surprises. I highly recommend Select Home Loans.”
Judy M.Boca Raton, Florida
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