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Reverse Mortgage Specialists in Satellite Beach, FL
Looking for a reverse mortgage specialist in Satellite Beach? Review the directory below to compare your options.
4 agents listed
Updated June 2026
Satellite 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 State Mortgage Licensing Authority of Florida before hiring.
Showing 4 reverse mortgage specialists in Satellite 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.
Home Lending Source
1370 Jimmy Buffett Mem Hwy ste a, Satellite Beach, FL 32937
A reverse mortgage specialist in Satellite Beach Florida helps homeowners aged 62 and older convert part of their home equity into tax free funds. Florida law requires borrowers to complete a HUD approved counseling session before applying. Specialists in Brevard County can guide you through the FHA insured Home Equity Conversion Mortgage process.
What Does a Reverse Mortgage Specialist in Satellite Beach Cost?
Typical costs for a reverse mortgage in Florida include an origination fee of up to 2 percent of the home value a mortgage insurance premium of 2 percent of the appraised value and third party closing costs such as appraisal title search and recording fees. Total costs often range from 5 000 to 15 000 depending on the home value and loan type. These costs can be financed into the loan rather than paid out of pocket. 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 Satellite Beach Florida?
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 property standards. Florida law also requires you to attend a counseling session with a HUD approved agency.
How does Florida law affect reverse mortgage proceeds and taxes?
Reverse mortgage proceeds are not considered income for Florida state tax purposes. Florida has no state income tax so the funds are tax free. However you must still pay property taxes and homeowners insurance to avoid default.
What happens to the reverse mortgage if I move out of my Satellite Beach home?
If you permanently move out of the home for more than 12 consecutive months the loan becomes due and payable. This includes moving to a nursing home or assisted living facility. You or your heirs must then repay the loan typically by selling the home.
Reverse Mortgage Specialists in Other Florida Cities
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state 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 State Mortgage Licensing Authority of Florida.