Saint Augustine Florida Reverse Mortgage

Your Saint Augustine Reverse Mortgage Guide

Welcome to Saint Augustine

Are you a homeowner in Saint Augustine 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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Saint Augustine 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

Saint Augustine Florida Frequently Asked Questions

How does a Reverse Mortgage work in Saint Augustine Florida?

A reverse mortgage in Saint Augustine, 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 Saint Augustine, 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 Saint Augustine?

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 Saint Augustine?

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 Saint Augustine Florida

Welcome to Saint Augustine, Florida! This charming city is nestled on the northeast coast of Florida and is the oldest continuously occupied European-established settlement in the United States. With a population of 13,000, Saint Augustine is a vibrant and diverse community that is full of history and culture.

Saint Augustine was founded in 1565 by Spanish explorers and has a rich history that dates back to the 16th century. The city is home to many historical sites, such as the Castillo de San Marcos and the St. Augustine Lighthouse & Maritime Museum. There are also many parks and community centers throughout the city, such as the Fort Mose Historic State Park and the St. Augustine Amphitheatre.

The city of Saint Augustine is also home to several schools, including Flagler College and the University of St. Augustine for Health Sciences. There are plenty of fun activities to do in Saint Augustine, such as visiting the St. Augustine Alligator Farm Zoological Park, taking a horse-drawn carriage tour, or exploring the cobblestone streets of the city.

No matter what you’re looking for, Saint Augustine has something for everyone. Come explore the city’s rich history, vibrant culture, and beautiful scenery. We promise you won’t be disappointed!

Things To Do In Saint Augustine

Top Sights in Saint Augustine, FL


Castillo de San Marcos National Monument

St. Augustine Lighthouse & Maritime Museum

St. Augustine Alligator Farm Zoological Park

Anastasia State Park

Ponce de Leon's Fountain of Youth Archaeological Park

Lightner Museum

St. Augustine Pirate & Treasure Museum

Old Jail Museum

The St. Augustine Amphitheatre

Saint Augustine Distillery

Potter's Wax Museum

Cathedral Basilica of St. Augustine

Bridge of Lions

Ripley's Believe It or Not!

Whetstone Chocolates Store and Tasting Tour

Medieval Torture Museum

Fort Mose Historic State Park

St. Johns County Ocean & Fishing Pier

Colonial Quarter

Villa Zorayda Museum

Nights of Lights

Spanish Military Hospital Museum

Ximenez-Fatio House Mus

Red Train Tours

Oldest House Museum Complex

Mission Nombre de Dios Museum

National Shrine of Our Lady of La Leche

Gonzalez-Alvarez House

Fountain of Youth Ticket Office

Ghosts & Gravestones Tour St. Augustine

Oldest Store Museum Experience

Black Raven Pirate Ship

Historic St Augustine

Plaza de la Constitución

Lincolnville Museum & Cultural Center

St. Augustine Scenic Cruise

St Augustine Sailing

Saint George Street

St. Augustine, Ponte Vedra & The Beaches Visitors & Convention Bureau

St. Augustine Art Association

Oldest Wooden Schoolhouse

Seaside Adventures - Polaris Slingshot and Electric MOKE Rentals

St. Photios Shrine Greek Orthodox National Shrine

Peña-Peck House - Woman's Exchange

St. Augustine Amphitheatre Farmers Market

Historic Tours of Flagler College

Vilano Beach Fishing Pier

Anastasia Miniature Golf

Fort Matanzas National Monument

Governor's House Cultural Center and Museum

The Old Senator Tree

Anastasia Beach

St. Augustine Shipwreck Museum

St. Augustine History Museum

Project Swing Park

Ripley's Bayfront Mini Golf

Father Miguel O'Reilly House Museum

Saint Francis Barracks

Crisp-Ellert Art Museum

First Colony: Our Spanish Origins Exhibit at Government House Museum

The Llambias House Garden

High Tide Gallery LLC

Georgia Nick Gallery

A1A South

The Odd Macabre Shoppe

Escape U

Huguenot Cemetery

Castillo de San Marcos

Sea Spirits Gallery & Gifts

St. Augustine National Cemetery

Ancient Dunes Nature Trail

Aviles Street Gallery

Tag! Children's Museum of St. Augustine

Micro Masterpieces Art Gallery

St. Augustine Historical Society

ACCORD Civil Rights Museum

Augustine Beach

Ripley's Haunted Castle Tour

Davenport Park

Splash Park at the Pier

Maria Sanchez Lake

Spanish Coquina Quarries

The St. Augustine Beach Art Studio & Gallery

World Golf Hall of Fame

St. Johns County Ocean Pier & Courts Park

Guana Tolomato Matanzas National Estuarine Research Reserve

Vilano Beach Nature Boardwalk

Treaty Park

Old Village Center Circle

Vilano Beach Bridge

Classic Car Museum of St. Augustine

The Beach Club at St Augustine

Vilano Beach

Vilano Beach Market

County Road 13 South

Crescent Beach

Bluebonnet Way

Florida Wine & Grape Growers Association

Surfside Park

Top Experiences in Saint Augustine, FL


Castillo de San Marcos National Monument

St. Augustine Lighthouse & Maritime Museum

St. Augustine Alligator Farm Zoological Park

Ponce de Leon's Fountain of Youth Archaeological Park

Lightner Museum

St. Augustine Pirate & Treasure Museum

Saint Augustine Distillery

Colonial Quarter

Nights of Lights

Historic district shopping

Shell-hunting

Waterway tour

Travel Articles in Saint Augustine, FL


Our History | St. Augustine, FL

The 18 Best Things to Do When You Visit St. Augustine.

25 Best Things to Do in St. Augustine, Florida

The Most Haunted Places In St. Augustine

Street Names in Saint Augustine, FL

12th St 13th St 14th St 15th St 17th St 1st Ave
1st St 2 Jakes Ct 2nd Ln 3rd Ave 3rd St 4 Mile Rd
4th Ave 4th St 5th Ave 5th St 6 Mile Way 6th Ave
6th St 7 Doors Ln 7th St 8th St 9 Mile Rd A Ave
A1a A1a Beach Blvd A1a S Abbey Ln Abbott St Abbotts Way

Saint Augustine, FL Zip Codes

32080, 32084, 32085, 32095,

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 Saint Augustine

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 Saint Augustine. 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 – Saint Augustine

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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.