Hudson Florida Reverse Mortgage

Your Hudson Reverse Mortgage Guide

Welcome to Hudson

Are you a homeowner in Hudson looking for financial support in retirement? A reverse mortgage home loan may be the solution you’ve been seeking. This type of loan allows homeowners aged 62 and older to access their home equity without the obligation to make monthly payments. Instead, the loan is repaid when the borrower sells the home or passes away. Reverse mortgage loans can provide a stable financial foundation and allow seniors to age in place with the comfort and security of their own home.

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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Hudson 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

Hudson Florida Frequently Asked Questions

How does a Reverse Mortgage work in Hudson Florida?

A reverse mortgage in Hudson, 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 Hudson, 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 Hudson?

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 Hudson?

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 Hudson Florida

Welcome to Hudson, Florida! This charming city is nestled in the heart of Pasco County and is home to a population of more than 13,000 people. It's a place where you can feel the warmth of the sun, the comfort of the community, and the beauty of nature.

Hudson has a rich history that dates back to the late 1800s when it was first settled by the Tocobaga Indians. The city was named after the Hudson River in New York and was officially incorporated in the early 1900s.

Today, Hudson is a vibrant and growing city that offers a wide variety of activities for all ages. From the beautiful beaches and parks, to the local community centers and schools, there's something for everyone. You can spend the day fishing at Hudson Beach Park, take a stroll through the historic downtown area, or explore the many trails and nature preserves.

No matter what you're looking for, Hudson has something to offer. Whether you're looking for a place to relax and unwind, or an exciting adventure, Hudson is the perfect destination. Come explore the city and see why so many people call Hudson home.

Things To Do In Hudson

Hudson, FL Neighborhoods

Signal Cove, Map Of Hudson, Lakeside Woodlands, Hudson Beach Estates, Leisure Beach, The Estates Of Beacon Woods Golf And Country Club, Forestdale, Gulf Breeze Estates, Conners, Berkley Village, Gulf Side Villas, Pine Island Estates, Enchanted Pines, Hudson Village Condominium, Ravenswood Village, Killarney Shores To The Gulf, Gulf View Terrace, Berkley Woods, Millwood Village, Lakeside Office Park East, Bayonet Point Medical Plaza, Lakeside Office Park Condo, Gulf Breeze Manor, Gulfside Terrace, Coral Cove, Windsor Mill, Gulf Springs Park, Ma-rene Estates, Waterway Shores, Gulf Harbor, The Bayonet Point Commercial Condominium, Country Oaks Condo, Jennita Point, Florestate Park, The Reserve, Vista Del Mar, Woodward, Gulf Breeze Heights, Bayonet Point Medical Park Condominium, Sleepy Lagoon, Gardens Of Leisure Beach, Cape Cay, Riviera Estates Replat, Windsor Woods Professional Center, Ravenswoods, Parkview Place, Pleasure Isles,

Top Sights in Hudson, FL


Tennyson Drive

Woodward Drive

Agua Clara Drive

Margo Avenue

Lavender Avenue

Cortland Drive

Leeside Isle

Potterton Circle

Boyer Court

Jeanne Avenue

Pawnee Drive

Charter Oak Way

Abair Street

Sea Ranch Drive

Hollywood Drive

Cascade Drive

Irondale Lane

Greystone Drive

Hicks Road

Robert J. Strickland Memorial Park

Buttonwood Row

Lafitte Drive

Otto Lane

Veterans Memorial Park

SunWest Park

Bent Pine Drive

Lyle Circle

Waydale Loop

Landmark Drive

Tensaw Drive

White Bluff Road

Werner-Boyce Salt Springs State Park

The Lift Adventure Park

Newport Shores Drive

Fairway Green Drive

Urban Air Trampoline and Adventure Park

Reindeer Circle

Aripeka Sandhills Preserve

Lake Lisa Park

Durney Key

Street Names in Hudson, FL

1st Isle 2nd Isle 4th Isle 5th Isle Abair St Acer Ln
Acre Way Adobe Dr Agua Clara Dr Ajax Dr Akers Ln Akron Ave
Albany Ave Albatross Ln Alden Ct Allamanda St Allmand Dr Allyn Dr
Althea St Alva St Amanda Ave Ambergate Ln Amberjack Ln Amberwood St
Amilia Dr Amy Ln Andre Blvd Angle Rd Anglewood Dr Anola Dr

Hudson, FL Zip Codes

34667, 34674,

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 Hudson

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 Hudson. 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 – Hudson

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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.