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Find Reverse Mortgage Specialists in Coconut Creek, FL
Compare reverse mortgage specialists in Coconut Creek. Review contact information and insurance categorys before you decide.
4 agents listed
Updated May 2026
Coconut Creek, FL
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 Florida before hiring.
Showing 4 reverse mortgage specialists in Coconut Creek, 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.
Acrisure Mortgage, LLC
6115 Lyons Rd Suite 202, Coconut Creek, FL 33073
8664132563
Osprey Mortgage Lending, LLC
5364 Osprey St, Coconut Creek, FL 33073
9549057526
Capitol Lending Group Inc
5485 Wiles Rd STE 405, Coconut Creek, FL 33073
9545332024
Coconut Creek Finance
6601B Lyons Rd Suite B-20, Coconut Creek, FL 33073
9543889141
A reverse mortgage specialist in Coconut Creek Florida helps homeowners aged 62 and older convert home equity into tax-free funds. Florida law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage HECM. Coconut Creek residents can use these funds for home repairs healthcare or daily expenses while retaining home ownership.
What Does a Reverse Mortgage Specialist in Coconut Creek Cost?
Typical costs for a reverse mortgage in Florida include an origination fee up to 2 percent of the home value or 6 thousand dollars whichever is less. Third-party fees such as appraisal title insurance and recording fees range from 2 thousand to 5 thousand dollars. The upfront mortgage insurance premium is 2 percent of the home value. Annual mortgage insurance premiums are 0.5 percent of the loan balance. Costs vary by lender loan amount and property value. 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 are the age requirements for a reverse mortgage in Coconut Creek Florida?
Borrowers must be at least 62 years old. For a HECM the youngest borrower must meet this age requirement. Florida law does not allow exceptions to this rule.
Do I need to own my home free and clear to get a reverse mortgage in Coconut Creek?
No you do not need to own the home free and clear. You can use a reverse mortgage to pay off an existing mortgage. The remaining equity becomes available to you. Florida law requires that the home be your primary residence.
Are reverse mortgage proceeds taxable in Florida?
Reverse mortgage proceeds are not considered income by the IRS or the state of Florida. Florida has no state income tax so proceeds are tax-free. However interest on the loan is not deductible until the loan is repaid.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Florida.