✓ No FHA Approval Required
✓ Line of Credit Never Expires
✓ Available at Age 55
✓ Loans Up to $4 Million
If your adjustable rate mortgage is about to reset and you are worried about rising payments, you are not alone. A proprietary reverse mortgage may provide the funds to pay off your ARM balance and eliminate monthly mortgage payments entirely. Available for Florida primary residences only. No monthly mortgage payments*. Starting at age 55.
See If You May QualifyNo obligation · No paperwork to get started · We take our time with you
Adjustable rate mortgages (ARMs) can be unpredictable and financially stressful, especially in retirement when you're on a fixed income. As rates adjust, your monthly payments can rise significantly, straining your budget.
When you first took out your ARM, the low introductory rate probably felt like a great deal. But introductory periods end. Once your rate adjusts, your payment can jump by hundreds of dollars per month. And it can keep going up with each adjustment period.
For retirees on a fixed income, this creates real financial stress. You cannot predict what your payment will be next year or the year after. Rising rates mean rising payments, and there is no ceiling on the cumulative increase over the life of the loan.
Traditional refinancing to a fixed rate requires income verification, employment history, and strong credit scores. Many Florida retirees cannot meet these requirements. Banks have tightened their standards, leaving ARM borrowers with few options to escape rising payments.
A reverse mortgage can provide the funds needed to pay off your ARM balance completely. Instead of dealing with rising ARM payments, you could eliminate your mortgage payment entirely.
Our proprietary reverse mortgage uses your home equity to pay off your ARM balance in full. Once the ARM is paid off, you have no more monthly mortgage payments. The reverse mortgage itself requires no monthly payments, though you must continue paying property taxes, homeowners insurance, and HOA dues.
Because this is a proprietary program, not an FHA loan, it is available starting at age 55 rather than 62. You do not need to prove employment income. If you have a credit score of 720 or higher, you may qualify for our residual income waiver, which means no income documentation is required at all.
The funds from a reverse mortgage pay off your existing ARM directly at closing. From that point forward, you no longer have a monthly mortgage payment. You keep your home, you keep your equity, and you gain the peace of mind that comes from eliminating payment uncertainty.
*Borrowers remain responsible for property taxes, homeowners insurance, and HOA fees. The reverse mortgage provides funds to pay off the ARM balance; it does not eliminate other home ownership costs.
Our proprietary reverse mortgage program is designed for borrowers seeking alternatives to traditional financing. Key features include:
A reverse mortgage offers a clear path to eliminate your adjustable rate mortgage. Instead of worrying about rising payments and rate resets, you use your home equity to pay off the ARM and gain financial stability in retirement.
A reverse mortgage provides the funds to pay off your ARM balance completely. Once paid, your mortgage obligation is gone. No more rising interest rates or increasing monthly payments.
Unlike a traditional mortgage or personal loan, a reverse mortgage requires no monthly payments. The loan is repaid when you sell, move, or pass away. This provides peace of mind and monthly cash flow relief.*
Our proprietary reverse mortgage is available starting at age 55. The FHA government program requires age 62. If you are between 55 and 61, you may qualify for our program now and pay off your ARM sooner.
Replace unpredictable ARM rate resets with the certainty of no monthly mortgage payments. Eliminate the stress of wondering what your payment will be next year.
Loan amounts depend on your age, home value, and market conditions. Our proprietary program offers loan amounts up to $4 million, often sufficient to cover ARM payoff costs for most Florida homes.
Real reviews from Florida homeowners who trusted us with their reverse mortgage.
Can I use a reverse mortgage to pay off my ARM?
Yes. A reverse mortgage can be used to pay off any outstanding balance on your ARM, including the remaining principal and any accrued interest. You must own the home and occupy it as your primary residence.
What happens when my ARM rate adjusts?
ARM rates are typically tied to an index and margin, and adjust based on market conditions. When rates adjust, your monthly payment increases. A reverse mortgage can eliminate these payments entirely by paying off the balance.
What is the minimum age for a reverse mortgage in Florida?
Our proprietary program requires age 55. The FHA HECM program requires age 62. Younger borrowers may qualify for our age 55 program with specific criteria.
What is the minimum age?
Our proprietary reverse mortgage is available to Florida homeowners starting at age 55. The FHA government program requires age 62. If you are between 55 and 61, you may qualify for our program now.
Can I use this for an investment property?
No. Reverse mortgages are only available for primary residences. The property must be your main home where you live most of the year.
How do I find out if I qualify?
Call us at (727) 244-7076 for a free, no-obligation consultation. We can discuss your ARM situation and determine if a reverse mortgage makes sense for you.
There is no paperwork required to speak with us. No credit check. No pressure of any kind. Just an honest conversation about your home, your situation, and your options.
Sunshine State Home Loans · Licensed in Florida · Serving homeowners across the entire state
Fill out the short form below and we will prepare your free ARM refinance analysis and reach out within one business day. No paperwork. No commitment. No obligation of any kind.
Please note: Borrowers are always responsible for the payment of property taxes, homeowners insurance, HOA dues, and any special assessments. Failure to meet these obligations may result in the loan becoming due and payable. This is not a commitment to lend. All loans are subject to credit and property approval.
This website is for informational purposes only and does not constitute financial, legal, or tax advice. Reverse mortgage products are subject to eligibility requirements, terms, and conditions. All loans are subject to credit approval. This material is not a commitment to lend. Sunshine State Home Loans is a licensed Florida mortgage broker, not a lender. A reverse mortgage may be able to provide funds to pay off an adjustable rate mortgage; however, ARM obligations and rates are not automatically eliminated or renegotiated. The reverse mortgage becomes a lien on your home. Results vary based on individual circumstances. For complete program details, please contact us directly at (727) 244-7076.