Titusville Florida Reverse Mortgage

Your Titusville Reverse Mortgage Guide

Welcome to Titusville

As a homeowner in Titusville, 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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Titusville 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

Titusville Florida Frequently Asked Questions

How does a Reverse Mortgage work in Titusville Florida?

A reverse mortgage in Titusville, 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 Titusville, 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 Titusville?

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 Titusville?

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 Titusville Florida

Welcome to Titusville, Florida! Located on the east coast of Florida, this small city of around 44,000 people is a hidden gem. It's a great place to visit and explore, with plenty of activities and attractions to keep you busy.

Titusville has a rich history that dates back to the 1800s. It was originally a small fishing village and was later transformed into a bustling city when the railroad came through in the late 1800s. The city has grown since then, but still maintains its small-town charm.

If you're looking for things to do, Titusville has plenty to offer. There are several parks and community centers in the city, including the Enchanted Forest Nature Sanctuary and the Max K. Rodes Park. There are also several local schools, such as Astronaut High School and Titusville High School.

For those looking for a little adventure, Titusville is a great place to explore. From fishing and kayaking to camping and bird watching, there's something for everyone. You can also take a stroll along the Indian River Lagoon, where you can spot dolphins, manatees, and other wildlife.

Titusville is a great place to visit, with plenty of activities and attractions to keep you busy. Whether you're looking for a relaxing getaway or an adventure-filled vacation, Titusville is the perfect destination. Come and explore this hidden gem and see why so many people love it!

Things To Do In Titusville

Titusville, FL Neighborhoods

Alhambra Villas, Royal Oak Patio Homes, Sisson Meadows, Whispering Hills Golf Golf Estates, Bent Oak At Meadowridge, The Oaktrails At Meadowridge, Fox Lake Manor, Plantation Oaks Of Brevard, Woodbridge Townhomes, Cathedral Pine, Lake Drive Terrace, Gleasons, Riverside Park, Fairglen, Kings Court, Pinetree Gardens, Le Barons Of Titusville, Villas On The Green, Delespine Court, Brook Hill Manor, Village Of Titusville, Hickory Green, Morningside Park, Buena Vista At La Cita, Gardendale, Country Estates, Shady Pines Townhouses, The Trails Of Titusville, Fishers, Circle Park, Royal Oak Golf Country Club East, Nova Villas, Ridgeview, Gibson Heights, Oak Tree Gardens Townhomes, River Landings Of Titusville, Sawgrass Townhomes, Whisering Lakes, Titus Village, Druid Hill Park, La Maja Townhouse At Lacita, Forest Villas Townhomes, Willow Creek Commercial Center, Knights, Hylands, Eagles Nest, Sterling Forest, Colonial Heights, Hidden Oaks Of Titusville, Riverview Terrace, Country Club Hill,

TITUSVILLE, 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 Titusville, FL


Valiant Air Command, Inc. Warbird Museum

Sand Point Park

American Police Hall of Fame & Museum

Skydive Space Center

Oakwood Place

Waterside Circle

Sir Hamilton Circle

Allendale Street

Reagan Avenue

Shady Oaks Drive

Demaret Drive

Pentax Avenue

Applewood Drive

White Oak Drive

Chain of Lakes Park

Brevard County Enchanted Forest Sanctuary

American Space Museum & Walk of Fame

Cricket Trail

Kennedy Point Park

Fox Lake Park

Marina Park

Rotary Riverfront Park

William J Manzo Memorial Park

Veterans Memorial Fishing Pier

Brevard County Marina Dog Park

Parrish Park at Titusville

A. Max Brewer Bridge

South Carriage Drive

W.W. James Park

North Brevard Historical Museum

Isaac Campbell Senior Park

Bioluminescence Tours

Tom Statham Park

Harry T. & Harriette V. Moore Memorial Park

Blanton Park

Space View Park

Wuesthoff Park & Homer Powell Nature Area

Sherwood Park

Merritt Island National Wildlife Refuge

Sand Point

Fox Lake

Holder Park

Cuyler Park

William Beardall Tosohatchee Wildlife Management Area

NASA Causeway Bridge

Black Point Wildlife Drive

Manatee Cove Park

Canaveral Marshes Conservation Area Trailhead

United States Astronaut Hall of Fame

Pine Island Conservation Area

Sams House at Pine Island

Salt Lake Wildlife Management Area

Cruickshank Trail

Loughman Lake

Six Mile Creek

Street Names in Titusville, FL

11th Terrace 17th St 2 Ponds Ln 21st St 5 Oak Dr Abbey Ln
Abbott Ave Acorn Dr Adale Ct Addison Way Adelma Ct Aguinaldo Ave
Airport Rd Alabama St Alachua Ave Alamanda Ct Alan Dr Alder St
Alexander Dr Alford St Alhambra St Alison St Allendale St Alpine Ln
Ambergate St Ambleside Dr Andrea St Angela Ln Anna Dr Annetta Ave

Titusville, FL Zip Codes

32780, 32781, 32783, 32796, 32927,

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 Titusville

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 Titusville. 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 – Titusville

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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.