Duval County Florida Reverse Mortgage

Your Duval County Reverse Mortgage Guide

Welcome to Duval County

If you are a Duval County 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 Duval County, 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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We Provide Reverse Mortgage Loans in the following cities in Duval County

Duval County 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

Duval County Florida Frequently Asked Questions

How does a Reverse Mortgage work in Duval County Florida?

A reverse mortgage in Duval County, 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 Duval County, 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 Duval County?

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 Duval County?

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 Duval County Florida

Welcome to Duval County, Florida! This vibrant county is home to over 900,000 people, making it one of the most populous counties in the state. Located in the northeast corner of Florida, Duval County is a place of rich history and culture.

The county was established in 1822 and named for William Pope Duval, the first Territorial Governor of Florida. Since then, Duval County has grown to become a thriving community with plenty of activities and attractions to explore.

Duval County is home to a variety of parks, community centers, and local schools. Whether you’re looking for a fun day out with the family or a peaceful place to relax, there’s something for everyone. Take a stroll through the lush green parks, explore the vibrant community centers, or get a taste of the local culture at one of the many local schools.

Duval County is also home to a variety of fun activities, including the Jacksonville Zoo and Gardens, the Jacksonville Beach Pier, and the Jacksonville Arboretum and Gardens. Whether you’re looking for a fun day out with the family or a peaceful place to relax, there’s something for everyone in Duval County.

So come explore the vibrant culture, rich history, and exciting activities of Duval County, Florida. You won’t be disappointed!

Things To Do In Duval County

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Top Sights in Duval County, FL


Jacksonville Zoo and Gardens

Cummer Museum of Art & Gardens

Little Talbot Island State Park

MOSH (Museum Of Science & History)

Kathryn Abbey Hanna Park

Kingsley Plantation

MOCA (Museum Of Contemporary Art), Jacksonville

Fort Caroline

The Catty Shack Ranch Wildlife Sanctuary

Riverside Arts Market

Talbot Island

Jacksonville Arboretum & Gardens

Big Talbot Island State Park

Huguenot Memorial Park

Beaches Museum

Jacksonville Beach Fishing Pier

Friendship Fountain

Adventure Landing Jacksonville Beach

Fort George Island Cultural State Park

Alhambra Theatre & Dining

Southbank Riverwalk

Shipwreck Island Water Park

Tree Hill Nature Center

Boneyard Beach

James Weldon Johnson Park

Treaty Oak

John T. Alsop Jr. Bridge

Castaway Island Preserve

Fort Caroline National Memorial

Jacksonville-Baldwin Trail

Pumpkin Hill Creek Preserve State Park

Mandarin Museum and Historical Society

Tillie K. Fowler Regional Park

Dutton Island Preserve

Memorial Park

Dames Point Bridge

Metropolitan Park

South Beach Park and Sunshine Playground

Theodore Roosevelt Area at Timucuan Preserve

Dog Wood Park of Jacksonville

Jacksonville's "Hands On" Children's Museum

Yellow Bluff Fort Historic State Park

Big Talbot Island State Park

Henry H Buckman Bridge

bestbet Jacksonville

Mandarin Park

Autobahn Indoor Speedway & Events - Jacksonville, FL

Ed Austin Regional Park

Timucuan Ecological and Historical Preserve

Cecil Field Conservation Corridor

Camp Milton

Walter Jones Historic Park

Acosta Bridge

Kona Skate Park

Museum of Southern History

Losco Regional Park

Boone Park

Riverside Park

Mathews Bridge

Bryan-Gooding Planetarium

911 Surf Report

Oceanfront Park

Spanish Pond Trailhead

Community First Igloo

Basilica of The Immaculate Conception

Flight Adventure Park Jacksonville

Karpeles Manuscript Library

Jacksonville Historical Society

Stellers Gallery

Stockton Park

Black Rock Beach

Urban Air Trampoline and Adventure Park

Hart Bridge

Stinson Park

Cradle Creek Preserve

Jessie Ball DuPont Park

USS Orleck Naval Museum

Betz-Tiger Point Preserve

Riverfront Plaza in downtown Jacksonville

Blount Island

Reddie Point Preserve

Henry J. Klutho Park

St. John's Cathedral

Springfield Park

Jax Illuminations

Balis Park

Alimacani Park

Jacksonville-Baldwin Rail Trail

Cedar Point Preserve

The Escape Game Jacksonville

Beyond Van Gogh Jacksonville

Tide Views Preserve

Jarboe Park

Camp Milton Historic Preserve

Ribault Monument

Northbank River Walk

Bulls Bay Preserve

Beaches Museum Chapel

Willowbranch Park

Atlantic Beach Dog Park

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 Duval County

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 Duval County. 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 – Duval County

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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.