Volusia County Florida Reverse Mortgage

Your Volusia County Reverse Mortgage Guide

Welcome to Volusia County

If you are a Volusia County homeowner aged 62 or older, you may be eligible for a reverse mortgage loan. This type of loan allows you to access your home’s equity without making monthly payments. Instead, the loan is repaid when you sell the home or pass away. Reverse mortgage loans can provide financial support and security for seniors in Volusia County, allowing them to age in place and enjoy the comfort and familiarity of their own homes. Don’t let your hard-earned equity go to waste – consider a reverse mortgage loan and see how it can benefit you and your family in retirement.

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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Volusia County 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

Volusia County Florida Frequently Asked Questions

How does a Reverse Mortgage work in Volusia County Florida?

A reverse mortgage in Volusia County, 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 Volusia County, 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 Volusia County?

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 Volusia County?

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 Volusia County Florida

Welcome to Volusia County, Florida! Located on the east coast of the Sunshine State, Volusia County is a vibrant and diverse community that has something for everyone. With a population of over 500,000, Volusia County is a bustling hub of activity and culture.

Volusia County has a long and storied history. It was first settled in the early 1800s and was officially incorporated in 1854. Since then, the county has grown and evolved, becoming a vibrant and diverse community.

Volusia County is home to a number of exciting activities and attractions. From the beautiful beaches to the local parks and community centers, there is something for everyone. There are also a number of great schools located within the city limits, including the University of Central Florida and Daytona State College.

Whether you're looking for a relaxing beach getaway or an exciting adventure, Volusia County has something for you. So come on down and experience the beauty and culture of Volusia County for yourself!

Things To Do In Volusia County

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Top Sights in Volusia County, FL


Blue Spring State Park

Daytona International Speedway

Ponce de Leon Inlet Lighthouse & Museum

De León Springs State Park

Museum of Arts & Sciences

Daytona Lagoon

Marine Science Center

Smyrna Dunes Park

Tomoka State Park

Daytona Boardwalk Amusements

Stetson Mansion

Ocean Deck Restaurant & Beach Bar

Lighthouse Point Park

Flagler Avenue

Daytona Beach Main Street Pier

Southeast Museum of Photography

LPGA International

Romano Beachfront Park

South Atlantic Avenue

The Casements

Cassadaga Spiritualist Camp

Ormond Memorial Art Museum & Gardens

Gemini Springs Park St

North Peninsula State Park

Atlantic Center for the Arts

Ormond Scenic Loop & Trail

Dunlawton Sugar Mill Gardens

Tomoka State Park Campground

Sun Splash Park

Hontoon Island

Museum of Art-DeLand

Lake Woodruff National Wildlife Refuge

Sunglow Fishing Pier

Michael Crotty Bicentennial Park

Green Springs Park

Mary McLeod Bethune Beach Park

Frank Rendon Park

Cici & Hyatt Brown Museum of Art

Seminole Rest

Worlds Most Famous Beach Daytona Beach

Lilian Place Heritage Center

Halifax Historical Museum

South Beach Street

Spring-To-Spring Trail

Barberville Pioneer Settlement

East Central Regional Rail Trail

Daytona Beach Zipline Adventure By TreeTop Trekking

Tiger Bay State Forest

Tom Renick Park

New Smyrna Museum of History

Mary McLeod Bethune House

Ponce de Leon Inlet

Lake Beresford Park

Cruger-dePeyster Plantation Sugar Mill Ruins

Daytona Sling Shot

Rockefeller Gardens

Riverfront Esplanade

African American Museum of the Arts, Inc

DeLand House Museum

NASCAR Racing Experience and Richard Petty Driving Experience

River Breeze

Fairchild Oak

Birthplace of Speed Park

Daytona 500 Tickets & Tours

Barkley Square Dog Park

Al Weeks Sr. North Shore Park

The Club at Venetian Bay

Spruce CREEK PRESERVE / Doris LEEPER

Daytona Beach Golf Club

Winterhaven Park

Halifax Plantation Golf Club

Congo River Golf

Spruce Creek Park

DeBary Hall Historic Site

Addison Blockhouse Historic State Park

The Reptile Discovery Center

Lake Ashby Park

Ponce Preserve

World's Most Famous Beach

Ocean Art Gallery

Daytona Beach Racing and Card Club

Riverfront Park

Ponce Inlet Jetty

Daytona Ice Arena

Lake George State Forest

27th Avenue Beachfront Park

Old Fort Park

Reed Canal Park

Blue Spring Adventures

Daytona Beach Drive-In Christian Church

Granada Bridge

Arts on Douglas

Apollo Beach Ranger Fee Booth And Entrance For Canaveral National Seashore Florida

Museum of Art - Deland Downtown

Cassen Park

Pirate's Island Adventure Golf

Lyonia Environmental Center

Motorsports Hall of Fame of America

Basilica of St. Paul Catholic Church

Canaveral National Seashore

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 Volusia County

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 Volusia County. 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 – Volusia County

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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.