Palm Harbor Florida Reverse Mortgage

Your Palm Harbor Reverse Mortgage Guide

Welcome to Palm Harbor

As a homeowner in Palm Harbor, you have worked hard to build equity in your home. Now, that equity can work for you in your retirement years with a reverse mortgage home loan. This type of loan allows you to tap into the equity you have built up in your home without the obligation to make monthly payments. Instead, the loan is repaid when you sell the home or pass away. Reverse mortgage loans can provide financial stability and peace of mind, allowing you to enjoy your retirement and age in place in the comfort of your 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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Palm Harbor 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

Palm Harbor Florida Frequently Asked Questions

How does a Reverse Mortgage work in Palm Harbor Florida?

A reverse mortgage in Palm Harbor, 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 Palm Harbor, 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 Palm Harbor?

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 Palm Harbor?

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 Palm Harbor Florida

Welcome to Palm Harbor, Florida! This charming city is located on the Gulf Coast of Florida and is home to a population of over 60,000 people. Palm Harbor has a rich history, having been founded in the late 1800s by a group of settlers from Michigan.

Today, Palm Harbor is a vibrant community with plenty of activities for visitors and locals alike. The city is home to numerous parks, including the popular John Chesnut Sr. Park, which features a lake, walking trails, and a playground. There are also several community centers, such as the Palm Harbor Community Center, which offers a variety of recreational activities.

If you’re looking for a fun day out, there are plenty of options in Palm Harbor. The city is home to a number of attractions, including the Palm Harbor Historical Museum, which offers a glimpse into the city’s past. There are also several shopping centers, restaurants, and entertainment venues.

For those looking to further their education, Palm Harbor is home to several schools, including Palm Harbor University High School and Palm Harbor Middle School.

No matter what brings you to Palm Harbor, you’re sure to find something to enjoy. From its rich history to its vibrant culture, Palm Harbor is a great place to visit. So come on down and explore all that this charming city has to offer!

Things To Do In Palm Harbor

Palm Harbor, FL Neighborhoods

Ozona, Crystal Beach, Fox Chase, Cobbs Landing, Indian Trails, Wedgewood Of Palm Harbor, Baywood Village, Landmark Oaks, Crystal Bay Travel Park, Village Of Woodland Hills, Beacon Groves, Cloverplace, Patty Ann Acres, The Oaks At Countryside, Eniswood, Hammocks Of Palm Harbor, Seaside Sanctuary, Hidden Meadow, Point Seaside, Gleneagles, Lake Valencia, The Enclave At Gleneagles, Franklin Square, Harbor Hills Of Palm Harbor, Dove Hollow, Westlake Village, Lake St. George, Courtyards, Manning Oaks, Cove Springs, Curlew, Sage Oaks, Cypress Pointe, Cinnamon Hills, Steeplechase, Countryside Palms, Ozona Trail, Harbor Lakes, Rustic Oaks, Countrybrook, Bonaventure, Sutton Place, Hidden Lakes, Wexford Leas, Carrington Patio, Alderman Ridge, The Courtyards, Countryside Imperial, Oak Trail, Glenbrook Estates, Hamlet At Bentley Park,

PALM HARBOR, 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 Palm Harbor, FL


Wall Springs Park

Suncoast Primate Sanctuary Foundation, Inc.

John Chesnut Sr. Park

Coral Landings Boulevard

14th Court

Woodridge Place

Klosterman Oaks Boulevard

Lake Valencia Boulevard East

Ribolla Drive

Fernshire Drive

Avery Avenue

Bonaventure Circle

Michelle Lane

Marinella Drive

Aspen Court

Dolly Bay Drive

Soundview Drive

Honeymoon Island State Park

Stilt House Brewery

Palm Harbor Museum

County Road 1

Treetop Drive

Pelican Place

Tanglewood Drive

Yucca Court

Highview Drive

Mountain Laurel Drive

Old Mill Pond Road

Lagoon Drive

1801 EAST LAKE RD

Jacmel Way

Copperhead Course

Crystal Beach Pier

Leepa-Rattner Museum of Art

Pop Stansell Park

Tarpon Woods Boulevard

Sawgrass Drive

A.L. Anderson Park

Mind Trapped Escape Room LLC

Two Lions Winery & Palm Harbor Brewery

Eagle Cove West Drive

Dunedin Causeway

Fin's Jet Ski Tours and Pontoon Boat Cruises - Clearwater

Honeymoon Island Beach

Fred Marquis Pinellas Trail

Lake Tarpon

Mimosa Place

SimCenter Tampa Bay

Dunedin/Honeymoon Island Jetski Beach

Tampa Bay Downs

US Highway 19 North

Oldsmar Sports Complex

Oakridge Drive

Dunedin Golf Club

Anclote Key Preserve State Park

Pinellas Bike Trail

Tarpon Springs Aquarium and Animal Sanctuary

Greyston Street

Anclote River Park

Sheffield Park

Brooker Creek Preserve & Environmental Education Center

Anclote Gulf Park

Three Rooker Island

Saint Joseph Sound

Upper Tampa Bay Park

Anclote Key Lighthouse

Alligator Lake

Street Names in Palm Harbor, FL

10th Ct 11th Ct 13th Ct 14th St 15th St 16th Ln
16th St 16th Way 18th St 1st St 2nd Ct 3rd Ct
5th Ct 6th Ct 7th Ave 7th Ct 8th Ct 8th St
9th Ct 9th St Aberdeen Ct Adam Ct Alaska Ave Albion Ct
Alderman Rd Aldon Ct Allens Ridge Dr N Allens Ridge Dr W Alpine Ct Alt 19 & Wexford Leas Blvd

Palm Harbor, FL Zip Codes

34660, 34681, 34682, 34683, 34684,

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 Palm Harbor

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 Palm Harbor. 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 – Palm Harbor

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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.