Find Reverse Mortgage Specialists Near You in Tampa, FL
Browse reverse mortgage specialists serving Tampa, Florida. Contact information and addresses listed below.
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
State Mortgage Licensing Authority of Florida before hiring.
Showing 20 reverse mortgage specialists in Tampa, 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.
A reverse mortgage specialist in Tampa Florida helps homeowners aged 62 and older convert home equity into cash. Florida law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage HECM. Tampa specialists guide clients through the process including property tax and insurance requirements under Florida Statute 697.
What Does a Reverse Mortgage Specialist in Tampa 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. Closing costs such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. Mortgage insurance premiums equal 2 percent of the home value upfront plus 0.5 percent annually. Costs vary by case 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 qualifications does a reverse mortgage specialist need in Florida?
In Florida a reverse mortgage specialist must hold a valid mortgage loan originator license. They must also complete annual continuing education on reverse mortgage rules. The specialist should be familiar with Florida Statute 697 which governs reverse mortgages in the state.
How does Florida law protect reverse mortgage borrowers in Tampa?
Florida law requires a mandatory counseling session with a HUD-approved counselor before loan approval. Borrowers have a three day right of rescission after closing. The loan must include a non-recourse clause meaning you will not owe more than the home value.
What are the eligibility requirements for a reverse mortgage in Tampa Florida?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence. You must also attend HUD counseling and demonstrate ability to pay property taxes and insurance.