Deerfield Beach Florida Reverse Mortgage

Your Deerfield Beach Reverse Mortgage Guide

Welcome to Deerfield Beach

If you are a Deerfield Beach homeowner aged 62 or older, you may be eligible for a reverse mortgage loan. This type of loan allows you to access your home’s equity without making monthly payments. Instead, the loan is repaid when you sell the home or pass away. Reverse mortgage loans can provide financial support and security for seniors in Deerfield Beach, allowing them to age in place and enjoy the comfort and familiarity of their own homes. Don’t let your hard-earned equity go to waste – consider a reverse mortgage loan and see how it can benefit you and your family in retirement.

Reverse Mortgage

Explore the possibilities of a Reverse Mortgage! Free yourself from worrying about monthly bills and take back control of your financial future. With a Reverse Mortgage, you can unlock the power of your home’s equity while maintaining ownership of your home. Find out today how you can start on the road to financial freedom.

Learn More about a Reverse Mortgage

Reverse Mortgage for Purchase

Did you know you can use a reverse mortgage to purchase a new home? A reverse mortgage for purchase allows seniors to buy a new home without making any monthly mortgage payments. Instead of getting an upfront lump sum payment like other reverse mortgages, the loan is used to purchase a new primary residence.

Learn More about a Reverse Mortgage for Purchase

HECM to HECM Refinance

A HECM (Home Equity Conversion Mortgage) to HECM refinance, also known as a HECM loan refinance, is a type of reverse mortgage that allows a borrower to refinance an existing HECM loan with a new one. This can be beneficial for several reasons, such as lowering your interest rate, changing the loan terms, accessing additional equity, and improving your financial situation.

Learn More about a HECM to HECM Refinance

Cash Out Reverse Mortgage

A Reverse Mortgage allows you to take cash out of your house and use the equity in your home for the things you want. You can receive your cash as a lump sum, fixed monthly payment, or line of credit.

Learn More about a Cash Out Reverse Mortgage

Jumbo Reverse Mortgage

A Jumbo Reverse Mortgage is a reverse mortgage that allows homeowners to borrow more money than allowed with a traditional HECM reverse mortgage. This is because a Jumbo Reverse Mortgage is not limited by the same lending limits set by the Federal Housing Administration (FHA) for standard HECM loans. With a Jumbo Reverse Mortgage, you can access more of the equity in your high-value home.

Learn More about a Jumbo Reverse Mortgage

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Deerfield Beach Approved Reverse Mortgage Counseling Agencies

HUD Approved HECM Counseling Agencies

The following is the internet website address and telephone number provided by HUD for the purposes of acquiring HECM counseling:

National Counseling Agencies

ClearPoint Financial Solutions
(800) 251-2227
https://www.clearpoint.org/

Money Management International
(877) 908-2227
https://www.moneymanagement.org/

Credit.org
(800) 947-3752
https://www.homeownership.org/

National Foundation for Credit Counseling
(866) 698-6322
https://www.nfcc.org/

Greenpath
(888) 860-4167
https://www.greenpath.com/

Navicore
(866) 855-7736
https://navicoresolutions.org/

Guidewell Financial Solutions
(800) 882-6171
https://www.guidewellfs.org/

NeighborWorks America
(202) 760-4000
https://www.neighborworks.org/

Housing Options Provided for the Elderly (HOPE)
(844) 432-6467
https://hopeforseniorsstl.org/

Florida Counseling Agencies

Deerfield Beach Florida Frequently Asked Questions

How does a Reverse Mortgage work in Deerfield Beach Florida?

A reverse mortgage in Deerfield Beach, Florida, works similarly to a reverse mortgage in other parts of the country. The basic principle is that it allows homeowners 62 years of age or older to borrow money against the equity in their home without having to make monthly payments. Instead, the loan becomes due when the borrower moves out of the house permanently, sells the home, or passes away.

To obtain a reverse mortgage in Deerfield Beach, Florida, the borrower must meet with a reverse mortgage lender and go through a counseling session to ensure that a reverse mortgage is a suitable choice for them. The lender will also appraise the home to determine its value and the amount the borrower is eligible to borrow.

Do I make mortgage payments on my Reverse Mortgage in Deerfield Beach?

No, you do not have to make payments on your reverse mortgage. You are still obligated to pay your property taxes, homeowners insurance, general home maintenance and upkeep, and any HOA fees, if applicable. The benefit of a reverse mortgage is that you do not have to make a regular monthly mortgage payment.

What qualifies for a reverse mortgage in Deerfield Beach?

A reverse mortgage loan is only available to seniors who are age 62 or older. This type of loan has been designed to help provide a solution to allow seniors access to equity in their homes while still living there. To qualify for a reverse mortgage, you must:

  • The youngest borrower on the loan must be 62 years old or older
  • Having an existing mortgage loan balance is OK as long as there is sufficient equity in the home
  • It must be your primary residence, not rental homes or vacation homes
  • Reverse mortgage loans are available as refinance or purchase loans.

How do I receive my money when I get a reverse mortgage?

With a Reverse Mortgage, borrowers have the flexibility to choose how they want to receive their loan proceeds. This can include receiving the funds in one lump sum, periodically accessing them through a line of credit, receiving regular monthly payments, or a combination of these options. Speak with a licensed Reverse Mortgage Lender to discuss your options.

About Deerfield Beach Florida

Welcome to Deerfield Beach, Florida! Located in the heart of Broward County, this vibrant city is home to over 75,000 people and is the perfect place to call home.

Deerfield Beach was founded in 1925 and has a rich history of being a popular vacation destination. From its pristine beaches to its vibrant nightlife, there's something for everyone in Deerfield Beach. Whether you're looking for a relaxing day at the beach or an exciting night out, Deerfield Beach has it all.

When it comes to activities, Deerfield Beach has plenty to offer. From the Deerfield Beach International Fishing Pier to the Quiet Waters Park, there's something for everyone. There are also plenty of community centers, such as the Deerfield Beach Arboretum and the Deerfield Beach Historical Society, that offer educational and cultural activities.

For those looking for a more educational experience, Deerfield Beach is home to several schools, including Deerfield Beach High School and Deerfield Beach Elementary School. Both schools offer a variety of educational programs and activities for students of all ages.

No matter what you're looking for, Deerfield Beach has something for everyone. So come on down and experience all that Deerfield Beach has to offer!

Things To Do In Deerfield Beach

Deerfield Beach, FL Neighborhoods

Century Village, The Cove, Lakeview, West Deerfield Beach, Arlington Park,

DEERFIELD BEACH, FL WEATHER !function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0];if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src='https://weatherwidget.io/js/widget.min.js';fjs.parentNode.insertBefore(js,fjs);}}(document,'script','weatherwidget-io-js');

Top Sights in Deerfield Beach, FL


Butterfly World

Quiet Waters Park

Deerfield Beach International Fishing Pier

Marina Way

Southeast 15th Court

Northeast 51st Street

Woodlake Circle South

Lyndhurst East

Northwest 41st Avenue

Parsons Way

Grantham Circle

Southwest 5th Avenue

Newport Drive

Ashby Circle

Southwest 12th Street

Southwest 6th Way

Northwest 9th Avenue

Discovery Way

Oakridge North

Upminster Circle

Northwest 36th Avenue

Southwest 15th Street

Sullivan Park

Deerfield Beach Estacionamento Praia

Deerfield Island Park

Deer Creek Golf Club

Splash Adventure Water Park

Tradewinds Park & Stables

Pioneer Park

Ski Rixen USA

Arboretum at Constitution Park

Constitution Park

Villages of Hillsboro Park

The Deerfield Beach Historical Society

South Inlet Park

Easton Watersports - Jet Ski, Kayak, Paddleboard, Waverunner Rentals

DeGroff Park

Woofing Water, Dog Park & marina

South Florida Railway Museum

EZride Surf School

Oveta McKeithen Recreational Complex

Mayo Howard Park

LIVE Deerfield Beach

Boca Inlet Park

Highlands Scrub Natural Area

Hillsboro Inlet Lighthouse

Southeast 10th Street

Military Trail Natural Area

Hillsboro El Rio Park NORTH

The Barefoot Mailman Statue

Fern Forest Nature Center

Crystal Lake Sand Pine Scrub

Deerfield Beach Island

Tradewinds & Atlantic Railroad

Sabal Pines Park

Burt Aaronson South County Regional Park

Hillsboro El Rio Park South

Tradewinds Park

Frank McDonough Park

Veterans Memorial Park

Coconut Cove Waterpark and Community Center

LIGHTHOUSE POINT PLAZA

Firefighters Park

Creation Discovery Museum

Calypso Cove Aquatic Facility

Coral Gate Park

Hillsboro River

Loggers' Run Park

North Federal Highway

South County Regional Park

Lake Margate

Deerfield Beach Lifeguard Headquarters

Street Names in Deerfield Beach, FL

12th Way 15th St 8th Ave Alamanda Ln American Way Anderson Cir
Ashby Ashby A Ashby B Ashby C Ashby Cir Ashby D
Avenue Of The Lakes Berkshire A Berkshire B Berkshire C Berkshire Crescent Berkshire D
Berkshire Dr Berkshire E Bougainvilla Dr Briarwood Ln Cambridge A Cambridge B
Cambridge C Cambridge Cir Cambridge Ct Cambridge D Cambridge E Cambridge F

Deerfield Beach, FL Zip Codes

33064, 33441, 33442, 33443,

Reverse Mortgage Regulations

HUD – The United States Department of Housing and Urban Development is one of the executive departments of the U.S. federal government. It administers federal housing and urban development laws. They state, “Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income. The only reverse mortgage insured by the U.S. Federal Government is a Home Equity Conversion Mortgage (HECM) which is only available through an FHA-approved lender. The HECM is FHA’s reverse mortgage program that lets you withdraw a portion of your home’s equity.”

Consumer Finance Protection Bureau – The Consumer Financial Protection Bureau is an agency of the United States government responsible for consumer protection in the financial sector. They state, “A reverse mortgage is a special type of home loan only for homeowners who are 62 and older. With a reverse mortgage, the amount the homeowner owes goes up–not down–over time.”

NMSL – The Nationwide Multi-State Licensing System and Registry is the record system for non-depository financial services licensing.

NRMLA – The National Reverse Mortgage Lenders Association (NRMLA) is a professional association that serves as an educational resource for the Reverse Mortgage community. The NRMLA was established in 1997 to promote professionalism and provide support and guidance to lenders and education borrowers. In addition, they prioritize educating consumers on the advantages and disadvantages of obtaining a reverse mortgage, ensuring borrowers make informed decisions.  They also provide training for mortgage professionals, enforce a code of ethics, and advise policymakers on reverse mortgage issues.

Reverse Mortgage Lenders near Deerfield Beach

Call us for a free, no-obligation consultation about your Reverse Mortgage options. One of our licensed professionals will answer your questions without the hassle of a sales pitch. You’ll learn what programs you may qualify for and discover the best options that will suit your situation.

We are proud to serve the residents of Deerfield Beach. We have been in the mortgage lending business since 2002 and would be happy to provide additional testimonials and references to clients we have worked with. We look forward to serving you and welcome the opportunity to meet and discuss your individual needs.

Reverse Mortgage Resource Center
Phone: 385-503-2224

Reverse Mortgage Resource Center – Deerfield Beach

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REVERSE MORTGAGE RESOURCE CENTER ~lIVE lIFE ON yOUR tERMS~


Our Lending Team has been serving our clients since 2004. We are passionate about serving our clients with integrity to help them achieve their financial goals.