Reverse Mortgage Rules in Florida

Considering a reverse mortgage? We’ve gathered important resources for seniors living in Florida to help with this decision. Here’s what you’ll find:

  1. The Top HECM Lenders in FL
  2. Interest Rates for Florida Reverse Mortgages
  3. Top FL Cities by Loan Volume
  4. HUD Approved Counseling Agencies

We’ve also included a few other relevant resources:

  1. Alzheimer’s Associations
  2. Area Agencies on Aging

Want to learn more? Click here to get free information about a reverse mortgage!

Top Florida Reverse Mortgage Lenders

Due to large changes in the marketplace that occurred around 2012 – large banks getting out of the business – it’s worth listing both the top originators of all time and those who have led since then.

All Time:

Lender Loans Total Principal Limit
WELLS FARGO 10,918 2,243,748,137
AMERICAN ADVISORS GROUP 10,137 2,714,287,830
AMERICAN REVERSE MORTGAGE CORP 5,365 947,472,645
FINANCIAL FREEDOM SENIOR FUNDING CORP 3,930 772,232,837
BANK OF AMERICA 3,488 726,883,387
ONE REVERSE MORTGAGE LLC 3,108 667,312,338
CIRCLE MORTGAGE CORPORATION 2,814 629,246,540
FINANCE OF AMERICA REVERSE LLC 2,383 761,451,965
VALUE FINANCIAL MORTGAGE SERVICES INC 1,742 382,626,270
MUTUAL OF OMAHA MORTGAGE INC. 1,499 631,851,310
REVERSE MORTGAGE FUNDING LLC 1,483 469,806,151
LIBERTY HOME EQUITY SOLUTIONS INC 1,390 330,387,403
WORLD ALLIANCE FINANCIAL CORP. 1,378 289,436,972
SEATTLE MORTGAGE COMPANY 1,135 200,550,262
METLIFE BANK NATIONAL ASSOCIATION 1,121 248,598,367
SEMINOLE FUNDING INC 1,067 197,285,220
ACCESS REVERSE MORTGAGE CORPORATION 1,034 259,989,747
REVERSE MORTGAGE SOLUTIONS INC 944 209,679,475
COUNTRYWIDE BANK FSB 929 203,283,257
GENWORTH FINANCIAL HM EQUITY ACCESS INC 916 208,169,615

Since 2012:

Lender Loans Total Principal Limit
AMERICAN ADVISORS GROUP 9,351 2,575,872,404
ONE REVERSE MORTGAGE LLC 2,033 464,845,173
FINANCE OF AMERICA REVERSE LLC 2,017 699,870,765
MUTUAL OF OMAHA MORTGAGE INC. 1,499 631,851,310
REVERSE MORTGAGE FUNDING LLC 1,483 469,806,151
LIBERTY HOME EQUITY SOLUTIONS INC 1,312 317,939,603
REVERSE MORTGAGE SOLUTIONS INC 918 205,287,475
SENIOR LENDING CORPORATION 738 236,017,550
PHH MORTGAGE CORPORATION 610 222,914,377
NATIONWIDE EQUITIES CORPORATION 606 165,473,332

Click here to get more information about a reverse mortgage and speak to a specialist, absolutely free.

Florida Reverse Mortgage Rates

These rates are averages taken from data reported by the Department of Housing and Urban Development each month. Though it may not be possible for you to get the exact interest rates shown here, looking at the past few months of rates should give you an idea of what lenders in Florida should be offering you.

Current Rates

Date Fixed Rate Adjustable Rate
01/01/19 4.65% 5.15%
02/01/19 4.80% 5.04%
03/01/19 4.82% 4.90%
04/01/19 4.88% 4.76%
05/01/19 4.88% 4.77%
06/01/19 4.99% 4.73%
07/01/19 4.58% 4.44%
08/01/19 4.56% 4.23%
09/01/19 4.53% 4.18%
10/01/19 4.93% 4.29%
11/01/19 4.31% 4.22%
12/01/19 4.50% 4.06%
01/01/20 4.44% 4.08%
02/01/20 4.60% 3.99%
03/01/20 4.39% 3.99%
04/01/20 NA 3.64%
05/01/20 4.30% 3.44%
06/01/20 3.37% 3.24%
07/01/20 3.88% 3.18%
08/01/20 3.56% 3.08%
09/01/20 3.57% 3.06%
10/01/20 3.28% 3.00%
11/01/20 3.45% 2.96%
12/01/20 3.33% 2.90%
01/01/21 3.28% 2.78%
02/01/21 3.38% 2.74%
03/01/21 3.46% 2.62%
04/01/21 3.33% 2.55%
05/01/21 3.36% 2.42%
06/01/21 3.52% 2.28%
07/01/21 3.26% 2.20%
08/01/21 3.32% 2.34%
09/01/21 3.36% 2.29%
10/01/21 3.39% 2.25%
11/01/21 3.33% 2.25%
12/01/21 3.50% 2.28%
01/01/22 3.48% 2.40%
02/01/22 3.43% 2.49%
03/01/22 3.57% 2.86%
05/01/22 4.04% 3.78%
04/01/22 3.71% 3.20%
06/01/22 4.58% 4.01%
07/01/22 4.00% 4.53%
08/01/22 4.87% 5.17%
09/01/22 5.34% 5.58%
10/01/22 5.48% 5.81%
11/01/22 5.91% 6.53%
12/01/22 6.56% 6.58%
01/01/23 6.42% 6.94%
02/01/23 6.68% 6.89%
03/01/23 6.87% 7.23%
04/01/23 6.88% 6.99%
05/01/23 6.81% 6.96%
06/01/23 4.62% 7.19%
07/01/23 6.05% 7.43%
08/01/23 7.29% 7.65%
09/01/23 NA 7.63%
10/01/23 NA 7.72%
11/01/23 7.12% 7.73%
12/01/23 7.96% 7.64%
01/01/24 7.93% 7.47%
02/01/24 7.18% 7.26%
03/01/24 NA 7.20%
04/01/24 NA 7.22%

Historic Rates

Date Fixed Rate Adjustable Rate
01/01/15 4.97% 2.90%
02/01/15 4.96% 2.93%
03/01/15 4.97% 3.05%
04/01/15 4.90% 3.11%
05/01/15 4.98% 3.20%
06/01/15 4.93% 3.22%
07/01/15 4.86% 3.33%
08/01/15 4.93% 3.34%
09/01/15 4.90% 3.23%
10/01/15 4.94% 3.27%
11/01/15 4.93% 3.35%
12/01/15 4.86% 3.48%
01/01/16 4.87% 3.67%
02/01/16 4.91% 3.82%
03/01/16 4.91% 3.88%
04/01/16 4.99% 4.04%
05/01/16 5.02% 4.13%
06/01/16 5.02% 4.21%
07/01/16 4.91% 4.23%
08/01/16 4.95% 4.35%
09/01/16 4.93% 4.57%
10/01/16 4.95% 4.67%
11/01/16 4.91% 4.74%
12/01/16 4.96% 4.80%
01/01/17 4.99% 4.79%
02/01/17 5.03% 4.74%
03/01/17 5.00% 4.63%
04/01/17 5.00% 4.53%
05/01/17 4.98% 4.46%
06/01/17 5.03% 4.42%
07/01/17 4.99% 4.44%
08/01/17 5.01% 4.50%
09/01/17 5.04% 4.52%
10/01/17 4.98% 4.51%
11/01/17 5.01% 4.57%
12/01/17 5.01% 4.63%
01/01/18 4.93% 4.65%
02/01/18 4.88% 4.65%
03/01/18 4.89% 4.59%
04/01/18 4.66% 4.77%
05/01/18 4.77% 4.79%
06/01/18 4.74% 4.74%
07/01/18 4.71% 4.82%
08/01/18 4.77% 4.81%
09/01/18 4.64% 4.78%
10/01/18 4.69% 4.81%
11/01/18 4.71% 4.87%
12/01/18 4.81% 5.02%

Cities with the Most HECMs

Rank City Zip Total
1 THE VILLAGES 32162 1,726
2 BOYNTON BEACH 33437 1,224
3 MIAMI 33165 859
4 LADY LAKE 32159 812
5 HIALEAH 33012 803
6 TAMARAC 33321 773
7 MIAMI 33147 748
8 MIAMI 33175 722
9 DELRAY BEACH 33484 697
10 SUMMERFIELD 34491 649
11 MIAMI 33155 624
12 LEESBURG 34748 620
13 DELRAY BEACH 33446 603
14 FORT LAUDERDALE 33311 571
15 VENICE 34293 566
16 MIAMI GARDENS 33055 561
17 LAKE WORTH 33467 558
18 PALM COAST 32137 552
19 MIAMI 33176 536
20 PALM COAST 32164 511
21 MIAMI 33177 507
22 MIAMI 33142 496
23 PORT SAINT LUCIE 34952 495
24 HIALEAH 33013 467
25 MIAMI 33186 464
26 MIAMI GARDENS 33056 456
27 PORT SAINT LUCIE 34953 448
28 PORT SAINT LUCIE 34983 437
29 MARGATE 33063 434
30 JACKSONVILLE 32209 434

Want to learn more? Click here to get free information about a Florida reverse mortgage!

HECM Counseling Agencies

The HECM Counselors listed below are located in Florida. This information comes from a database maintained by the United States Department of Housing and Urban Development. While we strive to keep this list updated, we strongly recommend doing your own research in addition to using this list.

CONSOLIDATED CREDIT SOLUTIONS, INC.
5701 W SUNRISE BLVD
PLANTATION, FL 33313-6269
(800) 435-2261
http://www.consolidatedcredit.org

CONSUMER CREDIT AND BUDGET COUNSELING, DBA NATIONAL FOUNDATION FOR DEBT MANAGEMENT
14104 58TH ST N
CLEARWATER, FL 33760-3758
(866) 395-5769
http://www.nfdm.org

CREDIT CARD MGMT SVCS, INC DBA REVERSEMORTGAGEHELPER.ORG AND DEBTHELPER.COM
1325 N CONGRESS AVE #201
WEST PALM BEACH, FL 33401-2005
(800) 920-2262
http://www.debthelper.com

HOUSING AND NEIGHBORHOOD DEVELOPMENT SERVICES OF CENTRAL FLORIDA, INC.
1707 ORLANDO CENTRAL PKWY SUITE 305
ORLANDO, FL 32809-5759
(407) 447-5686
https://www.cflhands.org

H.E.L.P. COMMUNITY DEVELOPMENT CORP.
63 E KENNEDY BLVD STE 100-B
EATONVILLE, FL 32751-5345
(407) 628-4832
http://www.helpcdc.org

DEBT MANAGEMENT CREDIT COUNSELING CORP – (NUEVA ESPERANZA SUBGRANTEE)
3310 N FEDERAL HWY
LIGHTHOUSE POINT, FL 33064-6742
(954) 418-1466
http://www.dmcccorp.org

TALLAHASSEE LENDERS CONSORTIUM, INC.
224 OFFICE PLZ
TALLAHASSEE, FL 32301-2808
(850) 222-6609 ext 110
http://www.tallahasseelenders.org

TRINITY EMPOWERMENT CONSORTIUM, INC.
11885 SW 216 ST SUITE A FRONT BOX 5
MIAMI, FL 33170-2900
(305) 248-4553 ext 700
http://www.trinityempowers.org

HOUSING FOUNDATION OF AMERICA
2400 N UNIVERSITY DR STE 200
PEMBROKE PINES, FL 33024-3629
(954) 923-5001
http://www.approvedbyhud.org

CCCS OF PUERTO RICO – ORLANDO
8751 COMMODITY CIR SUITE #4
ORLANDO, FL 32819-9027
(787) 722-8835
https://www.consumerpr.org

OASIS OF HOPE CDC
351 S CYPRESS RD STE 301
POMPANO BEACH, FL 33060-7166
(954) 586-1283
http://www.oasiscdc.org

NID-HCA FLORIDA FELTON
610 NW 183RD ST
MIAMI GARDENS, FL 33169-4472
(305) 652-7616
www.nidhousing.com/

Alzheimer’s Associations

Clearwater, Serving Pinellas and West Pasco Counties
Airport Business Center
14010 Roosevelt Blvd., Suite 709
(Door faces 140th Ave N)
Clearwater, FL 33762
727.578.2558

Bonita Springs, Serving Collier and Lee Counties
Sunshine Professional Center
9220 Bonita Beach Road #223
Bonita Springs, FL 34135
239.405.7008

Brandon, Serving Hillsborough & East Pasco Counties
309 North Parsons Avenue
Brandon, FL 33510
813.684.1296

Lakeland, Serving Polk County
Florida Avenue Center
601 S Florida Avenue, Suite 3
Lakeland, FL 33801
863.292-9210

Orlando Office
378 CenterPointe Circle, Suite 1280
Altamonte Springs, FL 32701
(407) 951-7992 office
(407) 951-7993 fax
24/7 Helpline: (800) 272-3900

Jacksonville Office
4237 Salisbury Road, Suite 310
Jacksonville, FL 32216
(904) 281-9077 office
(904) 281-9078 fax
24/7 Helpline: (800) 272-3900

Gainesville Office
2727 NW 43rd Street, Suite 5B
Gainesville, FL 32606
(352) 372-6266 office
(352) 372-2038 fax
24/7 Helpline: (800) 272-3900

Tallahassee Office
2000 Apalachee Parkway, Suite 200
Tallahassee, FL 32301
(850) 408-9984 office
24/7 Helpline: (800) 272-3900

Port Charlotte, Serving Charlotte & Desoto Counties
4075 Tamiami Trail #2
Port Charlotte, FL 33952
941.235.7470

Sarasota, Serving Manatee & Sarasota Counties
3277A Fruitville Road, Suite 1
Sarasota, FL 34237
941.365.8883

Sebring, Serving Hardee, Hendry, Highlands & Glades Counties
The Hainz Professional Center
134 N. Ridgewood Drive, Suite 17 Sebring, FL 33870
863.385.3444

Spring Hill, Serving Citrus, Hernando & Sumter Counties
4108 Lamson Avenue
Spring Hill, FL 34608
352.688.4537

Palm Beach Office, Headquarters
3333 Forest Hill Boulevard
West Palm Beach, FL 33406
Phone: 800.272.3900
Fax: 561.967.0947

Treasure Coast Office
11711 SE US Highway 1
Hobe Sound, FL 33455
Phone: 800.272.3900
Fax: 772.546.5990

Broward Office, Broward Health North
201 E. Sample Road
Deerfield Beach, FL 33046
Phone: 800.272.3900
Fax: 954.786.1538

Miami-Dade Office
1475 N.W. 14th Ave.
Miami, FL 33125
Phone: 800.272.3900
Fax: 305.324.0965

South Alabama and Florida Panhandle
223 W. Gregory Street
Pensacola, FL 32502
850.462.5410
[email protected]

Area Agencies on Aging

Northwest Florida Area Agency on Aging, Inc.
5090 Commerce Park Circle
Pensacola, FL 32505
(850) 494-7101
http://www.nwflaaa.org

Area Agency on Aging for North Florida, Inc.
2414 Mahan Drive
Tallahassee, FL 32308
(850) 488-0055
http://www.aaanf.org

Elder Options
100 SW 75th Street, #301
Gainesville, FL 32607
(352) 378-6649
http://www.agingresources.org

ElderSource, The Area Agency on Aging of Northeast Florida
10688 Old St Augustine Road
Jacksonville, FL 32257
(904) 391-6600
http://www.myeldersource.org

Alliance for Aging, Inc.
760 NW 107th Avenue
Suite 214, 2nd Floor
Miami, FL 33172
(305) 670-6500
http://www.allianceforaging.org

Area Agency on Aging of Pasco-Pinellas, Inc.
9549 Koger Boulevard North, Suite 100
St. Petersburg FL 33702
(727) 570-9696
http://www.agingcarefl.org

Senior Connection Center, Inc.
8928 Brittany Way
Tampa, FL 33619
(813) 740-3888
http://www.agingflorida.com

Senior Resource Alliance
988 Woodcock Road, Suite 200
Orlando, FL 32803
(407) 514-1800
http://www.seniorresourcealliance.org

Area Agency on Aging for Southwest Florida
15201 North Cleveland Avenue, Suite 1100
North Fort Myers, FL 33903
(239) 652-6900
http://www.aaaswfl.org

Your Aging Resource Center
4400 N. Congress Avenue
West Palm Beach, FL 33407
(561) 684-5885
http://www.youragingresourcecenter.org

Aging & Disability Resource Center of Broward County, Inc.
5300 Hiatus Road
Sunrise, FL 33351
(954) 745-9567
http://www.adrcbroward.org