✓ Licensed Florida Mortgage Broker
✓ NMLS #1901827 · FL License #MBR3278
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✓ Florida Veterans, Service Members & Surviving Spouses
Florida veterans and active service members 55 and older may qualify for a proprietary reverse mortgage. No age 62 requirement. No FHA approval needed for condos. Rate benefit for documented service.
Find Out If You QualifyNo obligation · No paperwork to get started · We take our time with you
If you are a Florida veteran or active service member 55 or older, fill out the short form below. We will confirm your eligibility and reach out within one business day. No paperwork. No commitment.
Your information stays private. We never sell your data.
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.
There is no VA reverse mortgage. The Department of Veterans Affairs does not offer a reverse mortgage program. But Florida homeowners 55 and older, including veterans and surviving spouses, may qualify for a proprietary reverse mortgage, a private loan through a licensed Florida mortgage broker. No FHA approval required, condominiums may be eligible, and no required monthly mortgage payment.*
*Borrower remains responsible for property taxes, homeowner's insurance, HOA dues, and property maintenance. Loan balance becomes due and payable upon sale of the property, permanent vacancy, or death of the last remaining borrower.
The reverse mortgage most people know, the government-backed HECM program, requires borrowers to be at least 62 years old. If you researched a reverse mortgage at 57, 59, or 61 and were told you don't qualify yet, that answer applies to one specific program.
Our proprietary reverse mortgage is not HECM. The minimum age is 55.
Florida veterans and active service members who own their primary residence and are at least 55 years old may qualify right now. Not in five years. Not when they turn 62. Now.
Many Florida veterans own condominiums in retirement communities, on the coast, or near the bases where they served. If your building is not on the FHA-approved list, HECM lenders will decline your application at the property level. Veterans hear "your building does not qualify" and assume all options are closed.
They are not.
Our proprietary reverse mortgage program accepts FNMA-approved condominiums and FNMA-warrantable condominiums without requiring FHA certification. If your condo qualifies under FNMA standards, you may have options that HECM programs cannot offer.
Eligible property types:
Veterans and active service members who confirm their service at application may qualify for additional rate benefits on their reverse mortgage. Ask about this benefit during your consultation.
To confirm eligibility: a DD-214 (Certificate of Release or Discharge from Active Duty) or a current military ID is required at application.
Surviving spouses of deceased veterans may also qualify for this benefit. If you were married to a veteran who passed away and you hold title to a Florida primary residence as your primary home, you may be eligible for the same rate benefit available to veteran borrowers. You must be at least 55 years old at the time of closing.
To confirm eligibility as a surviving spouse, documentation confirming your marriage to the veteran and the veteran's military service record will be required at application. Contact us to discuss what documentation applies to your situation before you proceed.
Variable rate products are available. Rates and terms are subject to change. Contact us for current information.
With a proprietary reverse mortgage, you are not required to make monthly mortgage payments as long as the home remains your primary residence and you meet program obligations.
*Borrower remains responsible for property taxes, homeowner's insurance, HOA dues, and property maintenance. Loan balance becomes due and payable upon sale of the property, permanent vacancy, or death of the last remaining borrower.
Many of our clients spent months believing no one could help them, including veterans who were turned away. Here is what they have to say.
What is the minimum age to qualify?
The minimum age is 55. All title-holding borrowers must be at least 55 years old at the time of closing. This program does not have an age 62 requirement.
Does my spouse need to qualify?
If your spouse holds title to the property, your spouse must also be at least 55 years old at the time of closing and must participate in the loan as a co-borrower. This program offers no separate protection for spouses who are not on the loan. Any title-holding spouse who does not meet the age requirement at closing would need to be removed from title before the loan can close. We recommend consulting with an attorney regarding any title changes before proceeding.
Does my condominium qualify?
Condominiums may qualify if the project is FNMA-approved or FNMA-warrantable. FHA certification is not required for this program. Properties in developments that are neither FNMA-approved nor warrantable may not be eligible. Contact us with your property address and we will confirm eligibility before you proceed.
How does the veteran rate benefit work?
Verified veterans and active service members receive a reduced interest rate on their reverse mortgage. The benefit is confirmed at application and does not affect your principal limit or the loan amount you qualify for. To confirm eligibility, you provide a DD-214 or current military ID.
What documents confirm my veteran status?
A DD-214 (Certificate of Release or Discharge from Active Duty) or a current military identification card is required to confirm service and apply the veteran rate benefit. Your DD-214 is issued at the time of separation from active duty. If you need a replacement, the National Archives provides records access at archives.gov, and the process typically takes several weeks, so request early if needed.
Is there a minimum credit score?
A minimum 600 mid FICO score is required. Borrowers with a 720 or higher credit score who are refinancing may qualify for a waiver of the residual income requirement.
Is this a government program or affiliated with the Department of Veterans Affairs?
No. This is a proprietary reverse mortgage offered through a licensed Florida mortgage broker. It is not a government loan and has no affiliation with the Department of Veterans Affairs, FHA, HUD, or any federal agency. Veterans qualify for a rate benefit through this private program based on their documented service, not through any government benefit entitlement.
Is there a monthly mortgage payment?
There is no required monthly mortgage payment as long as the home remains your primary residence and you meet program obligations.* You remain responsible for property taxes, homeowner's insurance, HOA fees, and property maintenance.
*Loan balance becomes due and payable upon sale of the property, permanent vacancy, or death of the last remaining borrower.
What is the maximum loan amount?
The maximum principal limit for this program is $4,000,000. There is no stated minimum property value or loan amount. Your eligible loan amount is determined by your age, home value, and current interest rates.
Does this rate benefit apply to surviving spouses?
Yes. The surviving spouse of a deceased veteran may qualify for this rate benefit. To be eligible, you must be at least 55 years old, hold title to a Florida primary residence, and meet program requirements. Documentation confirming your marriage to the veteran and the veteran's military service record will be required at application. Contact us to confirm your eligibility before you proceed.
Does the VA have a reverse mortgage program?
No. The U.S. Department of Veterans Affairs does not offer a reverse mortgage program, and there is no VA reverse mortgage. Florida homeowners 55 or older, including veterans, may instead qualify for a proprietary reverse mortgage offered through a licensed Florida mortgage broker. It is a private loan, not a government or VA benefit.
What is a better alternative to a reverse mortgage?
It depends on your goals. Common alternatives include a home equity line of credit, a cash-out refinance, downsizing to a smaller home, or keeping your current mortgage. Each has trade-offs around monthly payments, eligibility, and long-term cost. For some Florida homeowners 55 or older who want to access home equity and remain in their home, a proprietary reverse mortgage may be a better fit. We can walk you through the options.
What disqualifies you from a reverse mortgage?
Common reasons a borrower may not qualify include being under the minimum age of 55, the property not being your primary residence, or a condominium project that is neither FNMA-approved nor FNMA-warrantable. Insufficient remaining equity, unresolved federal debt, or not staying current on property taxes, homeowner insurance, and HOA dues can also affect eligibility. Contact us with your details and we can confirm whether you may qualify.
Best reverse mortgage for veterans?
There is no single best reverse mortgage for every veteran, and you should compare your options carefully. For Florida homeowners 55 or older, including veterans, active service members, and surviving spouses, a proprietary reverse mortgage may be an option even when an FHA HECM is not available, for example on condominiums without FHA approval. Verified veterans and service members may also receive a rate benefit. Contact us to see whether you may qualify.
Sunshine State Home Loans, LLC is a licensed Florida mortgage broker, NMLS #1901827, based in Tarpon Springs, Florida. Diego Quintero, Licensed Loan Officer, works with Florida homeowners 55 and older, including veterans, active service members, and surviving spouses, on proprietary reverse mortgages. Reach us at (727) 244-7076.
Related: proprietary reverse mortgage · condos without FHA approval · age 55, not 62 · reverse mortgage line of credit
Tell us about your property and we will confirm eligibility. No commitment. No pressure. Florida veterans 55 and older. Served in English or Spanish.
Sunshine State Home Loans, a mortgage broker. Licensed in Florida. Serving homeowners across the entire state.
This is not a commitment to lend. Loan approval is subject to credit, income, property, and underwriting review. Interest rate products include variable rate options. Rates are subject to change. Contact us for current rate information. Borrower must maintain the property as their primary residence and keep current on property taxes, homeowner's insurance, and HOA obligations. Loan balance becomes due and payable upon sale of the property, permanent vacancy, or death of the last remaining borrower. This program is not affiliated with or endorsed by any government agency. Not all applicants will qualify. Bilingual service available.