Age 62+ · Equity in, no required monthly P&I
Florida reverse mortgage (HECM)
FHA-insured Home Equity Conversion Mortgage for eligible Florida homeowners 62 and older.
- Who it fits
- Florida primary residents age 62+ who want to convert equity to a line, lump sum, or tenure draws.
- Typical down / structure
- Equity in — no monthly P&I required
A Home Equity Conversion Mortgage (HECM) is an FHA-insured reverse mortgage for eligible homeowners age 62+. It converts part of your home equity into a line of credit, lump sum, or monthly draws. You do not make a required monthly principal-and-interest payment.
You remain on title and are still responsible for property taxes, homeowners insurance, flood insurance if required, and maintaining the home. Florida’s large 62+ population makes HECM a frequent planning tool — not a last resort.
Counseling is required. A HECM is a Florida consumer loan originated against a primary residence, not an investment property product.
- Borrower 62+ on a Florida primary residence
- No required monthly P&I
- Taxes, insurance, and maintenance still yours
- FHA counseling required
HECM is Florida consumer origination. C2 HQ in San Diego does not change that.