✓ No FHA Approval Required
✓ Open Line of Credit While You Meet Loan Terms
✓ Available at Age 55
✓ Loans Up to $4 Million
Most reverse mortgage lenders offer only the government FHA program. We specialize exclusively in proprietary private reverse mortgages for Florida homeowners. No FHA approval required. No upfront mortgage insurance. Available starting at age 55.
See If You May Qualify Or Call (727) 244-7076No obligation · No paperwork to get started · We take our time with you
Fill out the short form below and we will prepare your reverse mortgage loan comparison and walk you through your numbers. No paperwork. No commitment. No obligation of any kind.
This is a short eligibility screen, not an application, not a credit decision and not a loan offer. Your answers tell us whether the program fits your home, and a licensed loan originator goes through the numbers with you before you apply for anything.
Your information stays private. We do not sell your personal information.
Not available for manufactured or mobile homes.
Please note: Borrowers are always responsible for the payment of property taxes, homeowners insurance, HOA dues, and any special assessments. Failure to meet these obligations may result in the loan becoming due and payable. This is not a commitment to lend. All loans are subject to credit and property approval.
If you have been researching proprietary reverse mortgages, there is a good chance you have already heard something like this:
"We offer the FHA Home Equity Conversion Mortgage. That is the only reverse mortgage program we have available."
If you have been researching proprietary reverse mortgages you already understand the difference. The FHA Home Equity Conversion Mortgage requires borrowers to be at least 62, requires FHA condo approval for condominium properties, and charges upfront mortgage insurance.
A proprietary reverse mortgage is a private loan from individual lenders. It has its own terms and conditions, including different age requirements (some lenders allow borrowers as young as 55), higher loan limits, and different property approval processes.
The reason most lenders cannot offer a proprietary reverse mortgage is simple: They don't have proprietary reverse mortgage loans available through their wholesale lenders or investors. It is not a product they have access to, and most lenders do not have the resources to establish these types of lending relationships.
We are different. We specialize exclusively in proprietary private reverse mortgages for Florida homeowners. We only offer proprietary reverse mortgages because that is our only focus.
When you work with Sunshine State Home Loans, you are working with a Florida mortgage broker that specializes exclusively in proprietary private reverse mortgages. We understand the differences between proprietary and FHA programs. We understand why you may be looking for a proprietary option. And we have the relationships and expertise to help you.
Our proprietary reverse mortgage programs are designed to offer Florida homeowners the flexibility and terms that best match their unique situations.
Unlike FHA Home Equity Conversion Mortgages which require borrowers to be at least 62, our proprietary reverse mortgage is available to borrowers as young as 55.
FHA reverse mortgages require condo communities to be FHA-approved. Our proprietary reverse mortgage is available for condominiums without FHA approval, which opens options for many Florida homeowners.
FHA Home Equity Conversion Mortgages charge an upfront mortgage insurance premium. Our proprietary reverse mortgage does not include an upfront mortgage insurance requirement.
Access your funds on your schedule. The reusable portion of your line of credit has no set end date. It stays open while you meet the loan terms. At closing, at least 25% of the amount available to you is taken as a one-time draw that cannot be redrawn. Any amount you do not draw at closing stays available as a reusable line of credit.
Our proprietary reverse mortgage offers significantly higher loan limits compared to FHA programs, with available loan amounts up to $4 million depending on property value and other factors.
Many of our clients spent months searching for a proprietary reverse mortgage specialist. Here is what they have to say.
What is the difference between a proprietary and FHA reverse mortgage?
The FHA Home Equity Conversion Mortgage is insured by the federal government and comes with specific rules including a minimum age of 62, FHA condo approval requirements, and upfront mortgage insurance. A proprietary reverse mortgage is a private loan not subject to those government rules. It may offer different age requirements, higher loan limits, and different property eligibility criteria.
Do you offer HECM loans as well?
No. We specialize exclusively in proprietary private reverse mortgages for Florida homeowners.
Are proprietary reverse mortgages safe and regulated?
Yes. Proprietary reverse mortgages are regulated at the state level and must comply with all applicable Florida and federal lending laws. Sunshine State Home Loans is a licensed Florida Mortgage Broker, NMLS ID 1901827, Florida License MBR3278.
What types of properties qualify?
Our proprietary reverse mortgage is available for Florida single family homes and condominium properties. Condo communities do not have to hold FHA approval. Each property is reviewed individually and is subject to underwriting approval.
How do I get started with a proprietary reverse mortgage?
Fill out the short form on this page and we will prepare your reverse mortgage loan comparison and walk you through your numbers. No paperwork and no obligation of any kind. You can also call us directly at (727) 244-7076 to speak with Diego Quintero.
There is no paperwork to speak with us. No pressure of any kind. Just a clear conversation about your home, your situation, and your options, at your pace.
No obligation. No paperwork. Speak with a Florida Reverse Mortgage Specialist.
This website is for informational purposes only and does not constitute financial, legal, or tax advice. Reverse mortgage products are subject to eligibility requirements, terms, and conditions. All loans are subject to credit approval. This material is not a commitment to lend. Sunshine State Home Loans is licensed to offer mortgage products in the state of Florida. Results vary based on individual circumstances. For complete program details, please contact us directly at (727) 244-7076.
Interest rate is variable and subject to change.