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A reverse mortgage is a type of home loan that allows homeowners aged 62 or older to access part of the equity they’ve built up in their home. Unlike a traditional mortgage, where you make monthly payments to the bank, a reverse mortgage allows the bank to pay you.

The most common reverse mortgage product is the Home Equity Conversion Mortgage (HECM), which is insured by the Federal Housing Administration (FHA). This program is designed specifically for seniors who want to tap into their home’s value without having to sell, downsize, or move.

How It Works

With a reverse mortgage, you’re essentially borrowing against your home’s value. But instead of repaying the loan each month, the balance grows over time. You don’t need to repay anything until you move out, sell the home, or pass away. At that point, the loan is repaid from the sale of the home.

Homeowners can choose to receive their funds in different ways:

  • Monthly payments to supplement income
  • A lump sum for major expenses
  • A line of credit to access when needed

This flexibility is one reason many Florida homeowners consider reverse mortgages in retirement.

Who Qualifies?

To be eligible for a reverse mortgage, you must:

  • Be at least 62 years old
  • Live in the home as your primary residence
  • Own the home outright or have a significant amount of equity
  • Be able to cover property taxes, insurance, and maintenance
  • Complete HUD-approved reverse mortgage counseling

It’s also important that your home meets certain standards. Single-family homes, townhouses, and HUD-approved condos usually qualify. Manufactured homes can qualify too, but only under specific conditions.

Why Seniors in Florida Choose Reverse Mortgages

Florida isn’t just a retirement destination, it’s also one of the top states in the country for reverse mortgages. With year-round sunshine, rising home values, and a large senior population, it’s no surprise that many older homeowners here are turning to reverse mortgages as part of their financial plan.

Home Equity Has Soared Across the State

In places like Fort Lauderdale, Tampa, and West Palm Beach, home values have grown steadily over the past decade. For many seniors who bought their homes years ago, that growth has translated into hundreds of thousands of dollars in equity. A reverse mortgage offers a way to access that equity, without giving up the home they love.

The Cost of Living Is Rising

Retirees often live on a fixed income, and inflation can stretch those dollars thin. Whether it’s covering medical expenses, home repairs, or just everyday bills, having access to tax-free cash from a reverse mortgage can offer some much-needed breathing room.

Aging in Place Matters

Most seniors would rather stay in their homes than move into assisted living or downsize. A reverse mortgage allows them to do that comfortably. The loan can be used to install grab bars, renovate bathrooms, widen doorways, anything that makes the home safer and more accessible as they age.

In short, reverse mortgages offer Florida seniors flexibility, independence, and financial stability, all without having to sell the home they’ve built a life in.

How We Chose These Lenders

With so many lenders offering reverse mortgages in Florida, not all are created equal. Some are national banks with large marketing budgets, while others are smaller, local firms focused on personal service. We evaluated each option with the goal of helping Florida seniors find trustworthy, reliable partners.

What We Looked For

When building this list, we didn’t just look at who spends the most on advertising. We focused on the factors that actually matter to borrowers:

Florida-Based or Florida-Focused Service

Companies that understand the local housing market, cost of living, and insurance landscape offer a real advantage, especially when it comes to things like property taxes, flood zones, or condo eligibility.

HUD-Approved Reverse Mortgage Lenders

Every lender we selected is either directly approved by the U.S. Department of Housing and Urban Development (HUD) or works with FHA-backed loan programs. This ensures borrowers get federally insured, compliant products.

Transparent Rates and Terms

We prioritized lenders that clearly outline their rates, fees, and repayment terms. Some companies still make it hard to find this information, which is a red flag for any borrower, especially when dealing with retirement finances.

Personalized Support

Finally, we looked for companies that offer one-on-one help, whether it’s a quick phone call or a full consultation. Getting a reverse mortgage is a big decision, and seniors deserve to have their questions answered by real people, not just chatbots or call centers.

Top 30 Reverse Mortgage Lenders in Florida

1. Select Home Loans (Editor’s Pick – Best Overall for Florida Seniors)

Location: Statewide – Offices in Tampa, Fort Lauderdale, West Palm Beach
Website: selecthomeloans.com (888) 550-3296

Select Home Loans earns the top spot for one simple reason: they specialize in Florida reverse mortgages. Unlike national lenders, they’re laser-focused on the needs of local retirees. Whether you live on the Gulf Coast or in South Florida, their team offers personalized service from day one.

Clients praise Select Home Loans for their patient, no-pressure guidance. They walk seniors through every detail, from eligibility to payout options, making the entire process clear and stress-free. If you’re looking for a local team that puts people first, this is it.

Why We Like Them:

  • Florida-based specialists who understand local taxes, insurance, and property values
  • Easy application process with one-on-one phone or in-person consultations
  • Known for honesty, transparency, and quick turnaround times
  • Strong reputation for working well with seniors and adult children planning together

If you’re even considering a reverse mortgage in Florida, start your research here.

2. Mutual of Omaha Reverse Mortgage

Location: Nationwide coverage with licensed Florida agents
Website: mutualreverse.com

Mutual of Omaha brings decades of financial strength and brand trust to the reverse mortgage space. Their reverse mortgage division is one of the largest in the country and offers both fixed-rate and adjustable HECMs.

They’re a good option if you’re already familiar with the Mutual of Omaha name and want a big brand behind your loan. Their Florida team is responsive and knowledgeable, but expect a more corporate experience.

Highlights:

  • Offers all major reverse mortgage products
  • Good educational materials for first-time borrowers
  • Competitive rates and strong financial backing

3. Longbridge Financial

Location: Nationwide, serving all of Florida
Website: longbridge-financial.com

Longbridge is known for its simplified process and customer-first approach. Their online tools make it easy to understand what a reverse mortgage could look like for your home, and their reps are patient and informative.

This lender is especially helpful if you want to explore jumbo reverse mortgages or proprietary products that go beyond the FHA HECM program.

Highlights:

  • Clear fee breakdowns and no hidden costs
  • Special programs for high-value homes
  • Positive reviews for support and communication

4. AAG (American Advisors Group)

Location: Nationwide, with strong Florida presence
Website: aag.com

AAG is one of the most recognizable names in the reverse mortgage world. You’ve likely seen their commercials, and for good reason. They’ve helped thousands of homeowners unlock equity through reverse mortgages and have dedicated Florida-based teams.

That said, some borrowers report a more sales-focused approach. Still, if you want access to comprehensive tools and years of experience, AAG is worth considering.

Highlights:

  • One of the largest lenders in the industry
  • Online calculators and tools to compare options
  • Good for borrowers who want fast results with a well-known brand

5. Finance of America Reverse (FAR)

Location: Available throughout Florida
Website: fareverse.com

FAR has made a name for itself by focusing on innovation in reverse mortgages. Their line-of-credit options give borrowers flexibility, and they often offer competitive rates for qualified applicants.

What sets them apart is their technology: FAR offers robust online tools and calculators, making it easier to explore your options before speaking with someone.

Highlights:

  • Flexible loan types, including hybrid and LOC options
  • Transparent fee structures
  • Helpful for tech-savvy seniors who want to explore online first

6. Liberty Reverse Mortgage

Location: Serves Florida statewide
Website: libertyreverse.com

Liberty is known for its focus on education. Their reps take time to explain everything clearly and patiently, making them a favorite among first-time reverse mortgage applicants.

They offer both FHA-backed and proprietary loan options, and their commitment to post-loan support is a major plus.

Highlights:

  • Great educational resources
  • Competitive rates
  • Supportive customer service from start to finish

7. GoodLife Home Loans

Location: Available in most Florida counties
Website: goodlifehomeloans.com

If you value streamlined applications, GoodLife may be a good fit. Their team emphasizes efficiency and often gets quotes and approvals faster than larger competitors.

Though not Florida-based, they do serve the state effectively and have a clean, easy-to-use digital platform.

Highlights:

  • Fast application and approval process
  • Good rates for qualified borrowers
  • No-pressure consultations

8. Open Mortgage

Location: Statewide in Florida
Website: openmortgage.com

Open Mortgage flies under the radar but consistently ranks high in customer satisfaction. They partner with local loan officers throughout Florida to bring a personal touch to the process.

They offer traditional HECMs and also work with alternative products for those who may not qualify under typical FHA guidelines.

Highlights:

  • Personalized service with a local feel
  • Flexible loan products
  • Strong support for post-close questions

9. Reverse Mortgage Funding LLC (RMF)

Location: Florida-wide service
Website: reversefunding.com

RMF is a dedicated reverse mortgage lender, not a general bank offering one extra service. That focus makes them a solid pick for seniors who want deep expertise in this space.

Their CareFree line-of-credit product offers flexibility for those planning to use the funds gradually.

Highlights:

  • Reverse mortgage experts
  • Clear product variety with flexible features
  • Known for strong compliance and ethical standards

10. All Reverse Mortgage, Inc.

Location: Licensed in Florida, based in California
Website: allrmc.com

All Reverse Mortgage has been in the industry since 2004 and maintains an A+ BBB rating. Though not headquartered in Florida, they work with Florida seniors and provide strong educational support.

Their website is one of the best for researching reverse mortgage options, with calculators, tutorials, and FAQs laid out clearly.

Highlights:

  • Long-standing reputation for integrity
  • Detailed online educational hub
  • Direct, non-pushy sales approach

11. Nationwide Equities

Location: Licensed across Florida
Website: nationalequity.com

Nationwide Equities has carved out a niche by offering both traditional HECM loans and their own private “EquityPower” product, which can offer higher borrowing limits than FHA caps allow. This is ideal for higher-value homes in cities like Naples or Miami Beach.

Highlights:

  • Jumbo and proprietary options available
  • Known for working with higher-value properties
  • One-on-one consultations with experienced advisors

12. HighTechLending, Inc.

Location: Available throughout Florida
Website: hightechlending.com

Despite the name, this lender blends digital convenience with good old-fashioned service. They provide reverse mortgage education and will walk you through the entire process, especially if you’re new to this type of loan.

Highlights:

  • Streamlined online process
  • FHA and proprietary reverse mortgage offerings
  • Approachable and patient customer service

13. One Reverse Mortgage (a Quicken Loans affiliate)

Location: Florida-wide
Website: onereversemortgage.com

A branch of Rocket Mortgage, One Reverse Mortgage once dominated the space. While they’ve since scaled back operations, their reputation still stands for efficiency and tech-forward tools.

Highlights:

  • Trusted name under Rocket Mortgage
  • Simple digital tools for exploring loan options
  • Helpful for tech-savvy borrowers

14. Homebridge Financial Services

Location: Licensed in Florida
Website: homebridge.com

Homebridge is best known for conventional loans, but their reverse mortgage division is strong and growing. They emphasize customer relationships, pairing each client with a dedicated advisor.

Highlights:

  • Good for those who prefer personal attention
  • Options for both HECM and jumbo loans
  • Experienced with complicated property types

15. Fairway Independent Mortgage Corporation

Location: Numerous Florida offices
Website: fairway.com

Fairway is well-respected for its conventional lending, and their reverse mortgage branch follows suit. They have a robust network of advisors throughout Florida, giving them a “local expert” feel with national backing.

Highlights:

  • Great for in-person support
  • Local loan officers in nearly every region
  • Competitive HECM rates

16. Cardinal Financial

Location: Available statewide
Website: cardinalfinancial.com

Cardinal’s reverse mortgage program focuses on transparency. They make it easy to understand what you’re signing up for and don’t pressure clients into a fast decision.

Highlights:

  • Simple, clear process
  • Options for both lump sum and line-of-credit
  • A good pick for first-time applicants

17. Sun West Mortgage Company

Location: Florida-licensed
Website: swmc.com

Sun West has offered FHA-backed loans since the 1980s, and their reverse mortgage services are built on that experience. They also provide strong support to Spanish-speaking clients, making them a great option for diverse households.

Highlights:

  • Long history of FHA lending
  • Bilingual support available
  • Good rates and flexible terms

18. Premier Reverse Mortgage

Location: Serves all of Florida
Website: premierreverse.com

A boutique firm with a small but highly experienced team, Premier Reverse Mortgage appeals to those who want personal, expert-level support. Their blog and resource center are also very informative.

Highlights:

  • Boutique service with expertise
  • Educational-first approach
  • Responsive team available by phone or email

19. Pacific Residential Mortgage

Location: Licensed in FL
Website: pacresmortgage.com

PacRes has made a name with their low-pressure approach and flexibility in structuring reverse mortgages. They work with non-traditional property types and have been praised for creative solutions.

Highlights:

  • Strong for condo owners and unique homes
  • Competitive rates on hybrid options
  • Experienced with Florida’s regulatory quirks

20. The Federal Savings Bank

Location: Nationwide lender with FL servicing
Website: thefederalsavingsbank.com

Though based out of Chicago, this lender has an active reverse mortgage department that covers all of Florida. Their military-friendly policies make them a smart choice for veterans considering a HECM.

Highlights:

  • Veteran-focused programs
  • Solid rates and easy-to-use tools
  • FHA and jumbo reverse mortgage options

21. Liberty Reverse Mortgage

Location: Serves all of Florida
Website: libertyreverse.com

Liberty is one of the better-known names in reverse lending, and for good reason. Their tools are beginner-friendly, and they offer extensive video explainers for those unsure about how reverse mortgages work.

Highlights:

  • Transparent process with a digital-first experience
  • Offers HECM and jumbo options
  • Ideal for self-directed borrowers

22. Open Mortgage

Location: Licensed in Florida
Website: openmortgage.com

Open Mortgage has a solid reverse mortgage offering for borrowers who want variety. They’ve built a reputation on flexibility, especially when it comes to structuring payouts.

Highlights:

  • Strong borrower support
  • Can tailor products to your goals
  • Clear fee breakdowns and competitive terms

23. Cherry Creek Mortgage

Location: Florida servicing
Website: cherrycreekmortgage.com

Cherry Creek combines traditional customer service with solid financial expertise. Their reverse mortgage advisors are often praised for helping clients understand timelines and how benefits apply in the long run.

Highlights:

  • Personalized advice from experienced teams
  • Helpful with joint applications and estate planning
  • Trustworthy option for older borrowers with heirs involved

24. Advisors Mortgage Group

Location: Available in Florida
Website: advisorsmortgage.com

Advisors Mortgage offers hands-on help and will guide you through every document. While not the biggest name, they win points for thoroughness and availability, especially in Central Florida.

Highlights:

  • Patient service ideal for seniors
  • Clear follow-through after closing
  • A solid pick for careful planners

25. Lennar Mortgage

Location: Florida-based builder-lender
Website: lennarmortgage.com

While better known for new construction loans, Lennar’s reverse mortgage arm supports long-term clients aging in place. Their packages often pair well with retirees who bought Lennar homes decades ago.

Highlights:

  • Convenient for longtime Lennar homeowners
  • Offers flexible lines of credit
  • Easy transition from standard to reverse mortgage

26. Mortgage Solutions Financial

Location: Available in Florida
Website: mortgagesolutions.net

Mortgage Solutions Financial offers a hybrid approach, online tools and real people ready to answer questions. Their reverse mortgage department is helpful with debt consolidation goals as well.

Highlights:

  • Streamlined apps with strong human support
  • Debt-reduction strategies available
  • Flexible eligibility support

27. South River Mortgage

Location: Florida licensed
Website: southrivermortgage.com

South River prides itself on education-first service. They offer phone consultations with no pressure, and their advisors will gladly walk you through your options even if you’re not ready to apply yet.

Highlights:

  • Great for first-time reverse mortgage users
  • Soft-sell, education-driven approach
  • Solid resource guides

28. GoodLife Home Loans

Location: Serves all of Florida
Website: goodlifehomeloans.com

GoodLife has made a name as a reverse mortgage specialist offering fast pre-approvals and streamlined processes. They often focus on maximizing equity access with lower fees than competitors.

Highlights:

  • Known for fast approvals
  • Strong focus on fee transparency
  • Streamlined digital experience

29. All Reverse Mortgage, Inc.

Location: Florida-friendly online lender
Website: allreversemortgage.com

This fully remote lender specializes only in reverse mortgages and makes that the entire focus. Their blog and calculators are especially useful, even if you just want to learn the basics.

Highlights:

  • Reverse mortgage-only company
  • Online tools are best-in-class
  • Experienced advisors and fast response times

30. HECM Advisors Group

Location: Florida-based specialty firm
Website: N/A (local firm)

A boutique option, HECM Advisors Group focuses only on senior financial planning in Florida. If you want a hands-on advisor who understands retirement income strategies, they’re worth looking into.

Highlights:

  • Florida-focused HECM experts
  • Works closely with estate planners
  • Personalized guidance with local insight

What to Look for in a Reverse Mortgage Lender

Choosing the right reverse mortgage lender isn’t just about getting a low interest rate. It’s about finding someone who understands your needs, takes time to answer your questions, and doesn’t pressure you into a decision. Here are a few key things to consider:

Local vs. National

National lenders may have name recognition, but Florida-based or Florida-focused lenders often have better insight into local real estate, tax breaks, and insurance costs. That knowledge can make a big difference in the structure and cost of your reverse mortgage.

HUD Approval

Make sure the lender is approved by the U.S. Department of Housing and Urban Development (HUD). This ensures the loan will follow federal guidelines and offer the protections that come with an FHA-backed HECM.

Ongoing Support

A good lender won’t disappear after closing. Look for one that offers long-term support and can help answer questions as your needs change.

Loan Options

Not all reverse mortgages are the same. Some lenders specialize in line-of-credit products, while others may offer proprietary loans for higher-value homes. Make sure they explain your options clearly.

Florida-Specific Advice

Florida is a unique place to get a reverse mortgage, and that comes with both perks and pitfalls.

Property Taxes and Insurance

Seniors in Florida may qualify for exemptions that reduce property tax burdens, which can help keep reverse mortgage requirements easier to meet. However, insurance premiums, especially for flood and hurricane coverage, can be steep. A knowledgeable lender will help you factor these into your planning.

Condo Rules
Many seniors live in condos, but not all buildings are FHA-approved for reverse mortgages. A Florida lender will know which associations qualify and may help you work around this if needed.

Payout Options
Florida borrowers often benefit from line-of-credit reverse mortgages. These allow you to draw funds as needed, and the unused portion grows over time. It’s a flexible alternative to lump sum payments, especially if you’re managing long-term retirement planning.

Final Thoughts

A reverse mortgage can offer incredible financial relief, but only when done right. The wrong lender can lead to confusion, high fees, and missed opportunities. The right one will walk you through every step with patience and clarity, helping you secure a safe and stable future.

If you’re considering a reverse mortgage in Florida, Select Home Loans is a smart place to start. As a local provider with deep knowledge of the Florida market, they’ll help you understand your options and determine if a reverse mortgage truly makes sense for your situation.

📞 Call Select Home Loans at (888) 550-3296
💬 Or get a free quote today at selecthomeloans.com

Take the first step toward financial freedom, with a team that puts your future first.