ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Find Reverse Mortgage Specialists in Panama City Beach, FL
Looking for a reverse mortgage specialist in Panama City Beach? Review the directory below to compare your options.
10 agents listed
Updated May 2026
Panama City Beach, 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 10 reverse mortgage specialists in Panama City Beach, 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.
New American Funding - Jessika Mertins
4412 Delwood Ln, Panama City Beach, FL 32408
8503745495
Coastal Haven Lending
13302 Hutchison Blvd, Panama City Beach, FL 32407
8474710485
Blissful Mortgage LLC
309 Richard Jackson Blvd Ste 231, Panama City Beach, FL 32407
8502502677
BOE Beaches
17651 Panama City Beach Pkwy #4, Panama City Beach, FL 32413
8508662963
Amber Ellis - Ameris Bank Mortgage
11790 Panama City Beach Pkwy, Panama City Beach, FL 32407
8508654560
Steven Cochran - Ameris Bank Mortgage
11790 Panama City Beach Pkwy, Panama City Beach, FL 32407
8503244092
Kat Tomlinson - Mortgage Lender
309 Richard Jackson Blvd Suit C6, Panama City Beach, FL 32407
8502386225
Paige Mooneyham- 20/20 Mortgage
309 Richard Jackson Blvd, Panama City Beach, FL 32407
6154263804
VA Loans Xpress
309 Richard Jackson Blvd suite 232, Panama City Beach, FL 32407
8335673278
DHI Mortgage
14251 Panama City Beach Pkwy, Panama City Beach, FL 32413
8506601730
A reverse mortgage specialist in Panama City Beach helps homeowners aged 62 and older convert home equity into tax-free funds without monthly mortgage payments. Florida law requires borrowers to complete a HUD-approved counseling session before applying. This service is especially relevant for retirees in Bay County who want to supplement income or cover healthcare costs while staying in their homes.
What Does a Reverse Mortgage Specialist in Panama City Beach Cost?
Typical costs for a reverse mortgage in Florida include an origination fee up to $6,000 a mortgage insurance premium of 2% of the appraised value and third-party fees such as appraisal title and recording costs. Total closing costs often range from $5,000 to $15,000 depending on the property value and loan type. These costs can be financed into the loan so you do not need to pay them upfront. This is general information and 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 Panama City Beach?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence and meet FHA standards. Florida law also requires you to attend a counseling session with a HUD-approved counselor before you can proceed.
How much can I borrow with a reverse mortgage in Florida?
The amount depends on your age the appraised value of your home and current interest rates. In 2024 the maximum claim amount for an FHA reverse mortgage is $1,089,300. Younger borrowers typically receive less than older borrowers because the loan is based on life expectancy.
Are reverse mortgage proceeds taxable in Florida?
No reverse mortgage proceeds are not considered income by the IRS or the state of Florida. You do not pay state income tax on the funds you receive. However interest on the loan is not deductible until you pay it back which usually happens when you sell the home or pass away.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Panama City Beach who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.