Warrington Florida Reverse Mortgage

Your Warrington Reverse Mortgage Guide

Welcome to Warrington

If you are a Warrington 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 Warrington, 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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Warrington 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

Warrington Florida Frequently Asked Questions

How does a Reverse Mortgage work in Warrington Florida?

A reverse mortgage in Warrington, 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 Warrington, 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 Warrington?

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 Warrington?

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 Warrington Florida

Welcome to Warrington, Florida! This charming city is nestled in the heart of the Florida Panhandle and is home to a population of approximately 5,000 people. Warrington has a rich history that dates back to the early 1800s when it was first settled by a small group of pioneers.

Today, Warrington is a vibrant city with plenty of activities to keep you entertained. There are several parks and community centers located within the city limits, including the Warrington Community Center and the Warrington Park and Recreation Center. Both offer a variety of activities, such as swimming, tennis, basketball, and more.

The city is also home to several local schools, including Warrington Elementary, Warrington Middle School, and Warrington High School. Warrington is a great place to raise a family, with plenty of activities and events to keep everyone entertained.

Whether you're looking for a place to relax and unwind or a place to explore and experience, Warrington has something for everyone. Come explore this charming city and all it has to offer!

Things To Do In Warrington

Warrington, FL Neighborhoods

Navy Point, New Warrington, Beach Haven, Bayou Grande Villa, Holmes Estates, Harbourview, Bay Meadows Lakes, Old Hickory, Seamarge, Waters Beach, May Gardens, Navy Nook, Holmes Estate, Star Lake, Lakewood, Country Club Circle, Beach Haven Cove, Farnhams Bayshore, Palao Place, Luzon Heights, Nathan Robinson, Bayou Chico Basin, Hyde Park, Bayou Grande Landing, Grandview Sunset, Vichy Springs, Spinnaker Cove, Manorista, Durchslags, Country Club Estates, Sherman Acres, Chantarene, Suburban Homes, Wynn Oaks, Harbour Pointe, Fisher Executors, Brent Island, Bay Meadows, Elliot Place, Beverly Beach, Corry, Bel-air, Beaulin, Sedgefield Estates, Marion Oaks, Bayshore Square, Carver Heights, Millwood Terrace, Hampton Lake, Country Club Square, Pinellas Point,

Top Sights in Warrington, FL


Grainger Avenue

Weatherstone Circle

Eliasberg Street

Old Hickory Drive

South Jamaica Street

Wayne Avenue

Rue Max Street

Bayshore Drive

Lakewood Road

Sunnyside Street

Waycross Avenue

Pou Station Road

National Naval Aviation Museum

Navy Point Park

Navy Point

Pensacola Lighthouse & Maritime Museum

Perdido Kids Park

Gulf Beach Highway

Langdon Beach

Bayou Grande

Bayou Chico

Goofy Golf of Pensacola

Historic Fort Barrancas

Bayview Dog Beach

Barrancas National Cemetery

Big Lagoon Jet ski Rentals

Advanced Redoubt of Fort Barrancas

Blue Angel Recreation Park, Battleship Row

Tarkiln Bayou Preserve State Park

Sand Island Pensacola

Bayou Marcus Birding Trail

Tarkiln Bayou State Preserve

Pensacola Bay Bridge

USS Massachusetts(BB-2)

Fort McRee

Blue Angels RV Park

Pensacola Greyhound Track & Poker Room

Big Lagoon

Street Names in Warrington, FL

12th St 2nd St 3rd St Acapulco Camino Alabama St Baublits Ct
Bayou Grande Ln Berry Rd Big Bayou Rd Broadmoor Ln Browns Ln Buena Ave
Cairo St Central Ave Chantar'ene Dr Conrad Ct Delmar St Dixon Ln
Dixons Ln Druid Dr E Palmetto Ave E Winthrop Ave Edward St Eliasberg St
Elizabeth St Florida St G Bell Ct George St Gibbs Rd Grundy St

Warrington, FL Zip Codes

32507, 32508,

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 Warrington

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 Warrington. 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 – Warrington

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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.