✓ No FHA Approval Required
✓ Open Line of Credit While You Meet Loan Terms
✓ Available at Age 55
✓ Loans Up to $4 Million
Your condo community does not have to hold FHA or HUD approval. Our proprietary reverse mortgage is available to Florida condo owners starting at age 55 with loan amounts up to $4 million.
See If You May Qualify Or Call (727) 244-7076No obligation · No paperwork to get started · We take our time with you
Fill out the short form below and we will prepare your free condo reverse mortgage loan comparison and walk you through your numbers. No paperwork. No commitment. No obligation of any kind.
This is a short eligibility screen, not an application, not a credit decision and not a loan offer. Your answers tell us whether the program fits your home, and a licensed loan originator goes through the numbers with you before you apply for anything.
Your information stays private. We do not sell your personal information.
Not available for manufactured or mobile homes.
Please note: Borrowers are always responsible for the payment of property taxes, homeowners insurance, HOA dues, and any special assessments. Failure to meet these obligations may result in the loan becoming due and payable. This is not a commitment to lend. All loans are subject to credit and property approval.
If you own a condominium in Florida and have explored a reverse mortgage, you may have been told your condo community does not qualify. This is one of the most common frustrations we hear from Florida condo owners.
The government FHA HECM reverse mortgage program requires your condo community to be on an approved list maintained by FHA and HUD. Many Florida condo communities are not on this list. This means thousands of eligible Florida condo owners have been turned away from accessing their home equity through no fault of their own.
Our proprietary reverse mortgage removes this barrier entirely. Here is why the FHA condo approval requirement has been a problem for so many Florida homeowners:
Our proprietary reverse mortgage evaluates each condo property individually. Your condo community does not have to be on any FHA or HUD approved list. This opens the door for thousands of Florida condo owners who were previously told they do not qualify.
We serve Florida condo owners throughout the entire state. Whether your condominium is on the beach, in a high rise, or in a gated community, we evaluate each property on its own merits. Each loan is subject to property and borrower approval.
Our proprietary reverse mortgage was designed to serve the unique situation of Florida condominium owners who have been underserved by government programs.
Your condo community does not have to hold FHA or HUD approval. We evaluate each property individually based on its own characteristics. This is a private proprietary loan, not a government program. Most condos are eligible, subject to underwriting approval.
The FHA government program requires a minimum age of 62. Our proprietary reverse mortgage is available starting at age 55. Florida condo owners between 55 and 61 who were previously turned away may now qualify.
Eligible Florida condominiums may qualify for loan amounts up to $4 million through our proprietary reverse mortgage. The amount depends on your age, property value, and other factors. Contact us for your personalized loan comparison. Subject to property and borrower approval.
The FHA HECM program charges an upfront mortgage insurance premium that can cost thousands of dollars. Our proprietary reverse mortgage does not have this charge because it is a private loan, not a government program. This means more equity stays available to you.
The reusable portion of your line of credit has no set end date. It stays open while you meet the loan terms. At closing, at least 25% of the amount available to you is taken as a one-time draw that cannot be redrawn. Any amount you do not draw at closing stays available as a reusable line of credit. As long as you meet the basic loan obligations including property taxes, homeowners insurance, HOA dues, and special assessments, your line remains open.
Real reviews from Florida homeowners who trusted us with their reverse mortgage.
Can I get a reverse mortgage on my Florida condo?
Many Florida condominiums may qualify for our proprietary reverse mortgage even if the condo community is not on the FHA approved list. We evaluate each property individually and eligibility is subject to property and borrower approval. This is a private loan, not a government FHA or HUD program. Contact us for a free evaluation of your specific condominium.
Does my condo community have to hold FHA or HUD approval?
No. Our proprietary reverse mortgage does not require FHA or HUD condo community approval. Many Florida condo communities that are not on the FHA approved list may still be eligible through our program. Each property is evaluated on its own merits subject to underwriting approval.
What is the minimum age for a condo reverse mortgage?
Our proprietary reverse mortgage is available starting at age 55. The FHA HECM government program requires a minimum age of 62. This means Florida condo owners between 55 and 61 who were previously ineligible may now qualify through our program. Contact us to discuss your eligibility.
How much can I borrow on my condo?
Loan amounts up to $4 million are available for eligible Florida condominiums. The amount depends on your age, property value, and other factors. Contact us for a free loan comparison showing your specific numbers. There is no cost and no obligation. Subject to property and borrower approval.
Are there monthly mortgage payments?
No. You will not have a monthly mortgage payment while you meet the loan terms. You remain responsible for property taxes, homeowners insurance, HOA dues and special assessments, and the rate is variable. Interest and fees are added to the loan balance, so the amount you owe grows over time.
There is no paperwork to speak with us. No pressure of any kind. Just an honest conversation about your condo, your situation, and your options.
Sunshine State Home Loans · Licensed in Florida · Serving condo owners across the entire state
This website is for informational purposes only and does not constitute financial, legal, or tax advice. Reverse mortgage products are subject to eligibility requirements, terms, and conditions. All loans are subject to credit approval. This material is not a commitment to lend. Sunshine State Home Loans is licensed to offer mortgage products in the state of Florida. Results vary based on individual circumstances. For complete program details, please contact us directly at (727) 244-7076.
Interest rate is variable and subject to change.