✓ No FHA Approval Required
✓ Line of Credit Never Expires
✓ Available at Age 55
✓ Loans Up to $4 Million
You want out of your HELOC. The payments keep rising and you need a solution. A reverse mortgage may provide the funds to pay off your HELOC balance entirely. No monthly payments*. Available at age 55. Primary residences only.
See If You May QualifyNo obligation · No paperwork to get started · We take our time with you
*Borrowers remain responsible for property taxes, homeowners insurance, and HOA fees. This is not a commitment to lend.
A reverse mortgage provides funds to pay off your HELOC balance completely. Once paid, the variable interest rate is no longer your problem.
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.
Our proprietary reverse mortgage is available starting at age 55. The FHA government program requires age 62. Qualify sooner with us.
Fill out the form below and we will prepare your free HELOC exit analysis and reach out within one business day. No pressure.
Real reviews from Florida homeowners who trusted us with their reverse mortgage.
Can a reverse mortgage pay off my HELOC?
Yes. A reverse mortgage may provide funds sufficient to pay off your HELOC balance in full. Once paid, your obligation to the lender ends and you own the home equity outright.
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.
Do I need to prove income?
Not with our program. We offer a credit score waiver at 720 and above, which means no income documentation is required. This makes qualification faster and simpler.
Is this available for investment properties?
No. This reverse mortgage is available for primary residences only. The property must be your main home in Florida. Investment properties and second homes do not qualify.
What happens to my HELOC after payoff?
Once your HELOC balance is paid off with reverse mortgage funds, the HELOC account is closed and the lien is released from your home. The reverse mortgage becomes the new lien on the property. You continue to live in your home with no monthly mortgage payments required.
What is the 720 credit score waiver program?
If you have a credit score of 720 or higher, no force-placed homeowners insurance in the last 12 months, and no late property taxes or HOA dues in the last 24 months, you may qualify for the Residual Income Waiver. This means no income documentation is required. Many retirees who have difficulty proving income through traditional documentation may benefit from this program. Contact us to find out if you may be eligible.
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 exit 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 a HELOC; however, the HELOC obligation is not automatically eliminated. 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.