Sun City Center Florida Reverse Mortgage

Your Sun City Center Reverse Mortgage Guide

Welcome to Sun City Center

As a homeowner in Sun City Center, 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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Sun City Center 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

Sun City Center Florida Frequently Asked Questions

How does a Reverse Mortgage work in Sun City Center Florida?

A reverse mortgage in Sun City Center, 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 Sun City Center, 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 Sun City Center?

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 Sun City Center?

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 Sun City Center Florida

Welcome to Sun City Center, Florida! This charming city is located in the heart of the Tampa Bay area and is home to over 20,000 residents.

Sun City Center was founded in the early 1960s as a retirement community for seniors. It was the first of its kind in the state of Florida and has since grown to become a vibrant and diverse city. The city is known for its friendly atmosphere and its commitment to providing a safe and enjoyable environment for its residents.

Sun City Center is full of fun activities for all ages. There are several parks and community centers located within the city limits, including the Sun City Center Community Hall, which hosts a variety of events throughout the year. For those looking for a more active lifestyle, there are several golf courses and tennis courts in the area.

The city is also home to several schools, including Sun City Center Elementary School and East Bay High School. Both schools provide a quality education and a variety of extracurricular activities for students.

Sun City Center is the perfect place to call home. With its friendly atmosphere and abundance of activities, it's no wonder why so many people choose to call this city home. Come and experience Sun City Center for yourself!

Things To Do In Sun City Center

Sun City Center, FL Neighborhoods

Kings Point Condo, Caloosa Lakes, Beach Coop, Rutgers, Coronado Ct, Del Monte, Huxley Place, Belle Glade Chevy Chase, Caloosa Point II, Everglades Ct, Gantree, Kings Inn, Sabal Lakes, Glendale Coop, Mirror Lake, Caloosa Trace, Pebble Beach, St George, Caloosa, Wedgewood II, Dande Coop, Sunview, Caloosa Palms I, Danbury Beach, Club Manor, Caloosa Palms II, Caloosa Pines, Westwood Greens Condo, Waterford Ridge, Caloosa Woods, Fifteen Hundred Coop, POA #46, Fairway Coop, Egret Pointe, St Andrews Estates, Wedgewood III, Eastlake Green, First Pebble Beach, Wedge Lake Owners, Royal Doulton, Golf Villas Condo, Middle Lake, Costa, Belle Chase Coop, Reading Place, Simmons Lake, Broadmoor, Laurel Woods, Quad Coop, Patio Coop, Unit 1,

Top Sights in Sun City Center, FL


New Haven Circle

East Del Webb Boulevard

East View Drive

Stroll Lane

Nantucket Drive

Valley Forge Boulevard

Litchfield Drive

Bentwood Drive

Signature Drive

Grenadier Drive

Oxford Down Court

Maxwell Park Drive

Greenwich Drive

Emerald Dunes Drive

Coco Palm Circle

Cloister Drive

El Rancho Drive

Lambdin Drive

Geese Trail Circle

Unbridled Song Drive

Wicked Strong Street

Oxford Park Drive

Sifield Greens Way

Lancaster Drive

McDaniel Street

Halton Court

Oakley Green Drive

Inverness Greens Drive

Leland Drive

Radison Avenue

Villeroy Drive

Club Manor Drive

Torrey Pines Avenue

Bedford Terrace

King Leon Way

Blue Moon Way

Salt River Avenue

Little Manatee River State Park

King Creek Drive

Little Manatee River State Park North Trail Head

Channing Hill Drive

Sage Creek Drive

E.G. Simmons Regional Park

Southshore Bay Lagoon

Camp Bayou Outdoor Learning Center

Lake Parrish

Street Names in Sun City Center, FL

College Ave Dakota Sky Pl Hunters Fork Loop Peach Stone Pl

Sun City Center, FL Zip Codes

33573, 33598,

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 Sun City Center

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 Sun City Center. 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 – Sun City Center

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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.