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Find Reverse Mortgage Specialists Near You in Palmetto Bay, FL
Directory of reverse mortgage specialists in Palmetto Bay, Florida. Verify credentials with the state mortgage licensing authority before hiring.
5 agents listed
Updated May 2026
Palmetto Bay, FL
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Florida before hiring.
Showing 5 reverse mortgage specialists in Palmetto Bay, FL
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
PRMG
9635 SW 181st Terrace, Palmetto Bay, FL 33157
3054009674
Secure The Funding - Mortgage Broker
9555 SW 175th Terrace Suite 110, Palmetto Bay, FL 33157
3054337194
Our Circle Mortgage
9555 SW 175th Terrace SUITE 201, Palmetto Bay, FL 33157
3052973452
HomeOne Mortgage
9555 SW 175th Terrace Suite 203, Palmetto Bay, FL 33157
7862140082
E&H Mortgage Processing, LLC
9555 SW 175th Terrace Suite 209, Palmetto Bay, FL 33157
3053513182
A reverse mortgage specialist in Palmetto Bay Florida helps homeowners aged 62 and older convert home equity into cash without monthly payments. Florida law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage HECM. Local specialists can guide you through Florida specific property tax deferral options and homestead exemption rules.
What Does a Reverse Mortgage Specialist in Palmetto Bay Cost?
Typical costs for a reverse mortgage specialist in Florida include an origination fee of up to 2 percent of the home value with a cap of 6000 dollars. Third party costs such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. Florida also charges a mortgage recording tax of 0.35 per 100 dollars of the loan amount. These costs vary by situation and loan type. This is general information not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the age requirements for a reverse mortgage in Palmetto Bay Florida?
You must be at least 62 years old to qualify for a HECM reverse mortgage in Florida. All borrowers listed on the title must meet this age requirement. The youngest borrower determines eligibility.
Do I need counseling before getting a reverse mortgage in Florida?
Yes Florida law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session must occur at least 30 days before you can sign the loan documents. The counselor explains costs risks and alternatives.
Can I lose my home with a reverse mortgage in Palmetto Bay?
You can lose your home if you fail to pay property taxes homeowners insurance or maintain the property. Florida law gives you a 12 month cure period to resolve defaults before foreclosure can begin. You must also continue living in the home as your primary residence.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Florida.