Riverview Florida Reverse Mortgage

Your Riverview Reverse Mortgage Guide

Welcome to Riverview

Are you a homeowner in Riverview looking for financial support in retirement? A reverse mortgage 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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Riverview 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

Riverview Florida Frequently Asked Questions

How does a Reverse Mortgage work in Riverview Florida?

A reverse mortgage in Riverview, 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 Riverview, 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 Riverview?

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 Riverview?

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 Riverview Florida

Welcome to Riverview, Florida! This charming city is located in Hillsborough County and has a population of around 75,000 people. Riverview has a rich history that dates back to the early 1800s, when the area was first settled by pioneers.

Riverview is the perfect destination for outdoor lovers and adventurers. The city is home to several parks, including the Riverview Community Park, which features a playground, walking trails, and a fishing pier. The city also has a number of community centers, such as the Riverview Recreation Center, which offers a variety of activities for all ages.

If you're looking for a fun day out, you can take a stroll down the Riverview Riverwalk, which is lined with shops, restaurants, and art galleries. The city also has a number of local schools, including Riverview High School and Riverview Elementary School.

Riverview is a vibrant city with something for everyone. Whether you're looking for a relaxing day in the park or an exciting night out, Riverview has it all. Come and explore this charming city and see why so many people call it home.

Things To Do In Riverview

Riverview, FL Neighborhoods

Bloomingdale Ridge, Boyette Springs, Lake St Charles, Shadow Run, Bloomingdale Hills, Riverglen of Brandon, Villages of Lake St Charles, Villas of Lake St Charles, Lakes of Cristina, Southwood Hills, Bloomingdale Trails, Brandon Reserve, Ivy Estates, Bell Creek Hammock North, Boyette Farms, Ashley Oaks,

Top Sights in Riverview, FL


Eaton Realty

Paul Sanders Park

Bell Creek Nature Preserve

LPT Realty

Alafia Scrub Nature Preserve

Assist 2 Sell The Eshack Team

Century 21 Circle

Carter Company Realtors

Vazquez Tampa Bay Realty LLC

Rhodine Scrub Nature Preserve

Cherry Norris,Realtor, Keller Williams Realty New Tampa

Lithia Springs Park

Rivera & Associates Realty

Pebble Park

iFLY Indoor Skydiving - Tampa

Boyette Springs Park

Showmen's Museum

Dalton Wade Real Estate Group

Providence West Park

Wat Mongkolratanaram

Stephen J. Wortham Park

Keller Williams Realty Suburban Tampa

Signature Realty Associates

International Independent

Brooks Realty Group LLC

Align Right Realty - South Shore

Bloomingdale East Park

Keller Williams Realty of South Tampa

Triple Creek Nature Preserve

Adventures Archery

Preferred SHORE Real Estate

Gardenville Recreation Center

TGH Ice Plex

Balm Boyette Scrub Nature Preserve

Golden Aster Scrub Nature Preserve

Fishhawk Creek

Park Square

Urban Air Trampoline and Adventure Park

Align Right Realty SRQ Opulence

Chito Branch Reserve

Gardenville Beach

Agent Trust Realty, Corp.

C. W. Bill Young Regional Reservoir

Keller Williams Realty, Plant City

Street Names in Riverview, FL

Abbie Ann Ln Aberdeen Creek Cir Aberdeen Lake Way Academy Dr Acapulco Dr Addison Chase Dr
Adelaide Ave Adeline Dr Adventure Dr Alafia Cove Dr Alafia Dr Alafia Ridge Loop
Alafia Ridge Rd Alafia Way Albyar Ave Alice Ln Allenwood Dr Alma Creek Ln
Alonzo Rd Alsobrook Ave Amazon Creek Pl Amber Sky Pl Amber Sweet Ln Amberdale Ct
Amberwood Crest Dr Amberwood Dr Ambleside Blvd Ambrose Pl Amos Dr Anderson Dr

Riverview, FL Zip Codes

33511, 33568, 33569, 33578, 33579,

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 Riverview

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 Riverview. 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 – Riverview

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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.