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Find Reverse Mortgage Specialists Near You in Cooper City, FL
Browse reverse mortgage specialists serving Cooper City, Florida. Contact information and addresses listed below.
2 agents listed
Updated May 2026
Cooper City, 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 2 reverse mortgage specialists in Cooper City, 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.
Premier Lending Corp
12399 SW 53rd St #104, Cooper City, FL 33330
9548408811
American Hero Mortgage
12323 SW 55th St #1002, Cooper City, FL 33330
7542024376
Reverse mortgage specialists in Cooper City Florida help homeowners aged 62 and older convert home equity into tax-free funds. Florida law requires borrowers to complete a counseling session with a HUD-approved counselor before applying. Cooper City residents can use reverse mortgage proceeds for home repairs medical expenses or daily living costs while retaining home ownership.
What Does a Reverse Mortgage Specialist in Cooper City Cost?
Typical costs for a reverse mortgage in Florida include an origination fee up to 2% of the home value an upfront mortgage insurance premium of 2% of the appraised value and third-party fees for appraisal title and recording. These costs often range from $5,000 to $15,000 depending on the home value and loan type. Florida law does not cap these fees but they can be financed into the loan so you pay no out-of-pocket costs at closing. 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 eligibility requirements for a reverse mortgage in Cooper City Florida?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and you must attend a HUD-approved counseling session. Florida law does not impose additional state-specific age or residency requirements beyond federal rules.
How much can I borrow with a reverse mortgage in Cooper City?
The amount depends on your age the appraised value of your home and current interest rates. In Florida the maximum claim amount for a Home Equity Conversion Mortgage is the appraised value or the FHA lending limit of $1,149,825 for 2025 whichever is less. Older borrowers typically qualify for a larger share of their equity.
Are reverse mortgage proceeds taxable in Florida?
No reverse mortgage proceeds are not considered taxable income by the IRS or the state of Florida. Florida has no state income tax so there is no state tax liability on the funds you receive. However interest on the loan is not tax deductible until you pay it back.
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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.