Best Reverse Mortgage Companies in Orlando, FL
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We chose the best reverse mortgage companies in Orlando, FL, based on loan options, costs, and customer reviews.
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Community First National Bank
Community First National Bank offers personalized service for reverse mortgages and quick closing. The company offers FHA-backed Home Equity Conversion Mortgage and offers various fund distribution schedules.
Mutual of Omaha Reverse
Mutual of Omaha Reverse Mortgage is committed to educating customers to help them find the right loan for their needs. Consumers can learn about reverse mortgages and apply for a loan using the ground-breaking mobile app or the website.
Ashley Thalmueller – Fairway Mortgage
Licensed local loan officer with Fairway Independent Mortgage Corporation, an FHA-approved lender offering HECMs. Most reverse mortgage loans are tax-free.
American Liberty Mortgage – Orlando, FL
Offers a full range of home loans, including HECMs and H4Ps. Committed to finding clients low rates and providing a smooth transaction. Apply online or contact a mortgage specialist.
We Are Not The Banks, WE ARE BETTER.
Direct lender. Provides a variety of home loan types, including reverse mortgages. It helps clients take advantage of their home equity while getting a great rate.
1st Florida Lending
Direct lender. One of few companies offering single-purpose reverse mortgages. Also provides investment and proprietary reverse mortgages. Multilingual staff.
ACE Lending Group , LLC
Provides HECMs. Free reverse mortgage qualifier tool and free quote tool on the website. Call or email to talk with a specialist, or apply online. Option to change disbursement method during the life of your reverse mortgage.
Streamline Mortgage Solutions
Broker founded in 2004. Offers various loan programs from multiple lenders to bring the best deals to customers. Apply online or call to talk with a broker.
Bank of England Mortgage
FHA-approved lender offering HECMs and H4Ps. Focuses on competitive prices, hassle-free service, extensive product knowledge, and a friendly attitude. Call for more information or start your application online.
Reverse Mortgage Costs in Orlando, FL
Homeowners in Florida can borrow up to $1,089,300, the 2023 HECM maximum nationwide claim amount. Orlando seniors can stretch their retirement dollars further than most; the city has a lower cost of living than the national average and is less expensive to live in than Miami or Tampa. Orlando residents should consider the following factors that can impact the cost of a reverse mortgage:
- Home value
- Home equity
- Borrower age
- Loan amount
- Interest rates
- Mortgage insurance
- Lender fees
- Disbursement method
Interest rates on reverse mortgages are typically higher than those on “forward” mortgages and other types of loans. Reverse mortgage borrowers in Orlando should expect to pay origination fees (capped at $6,000), property appraisal fees, closing costs and mortgage insurance.
Before closing, borrowers must complete a HUD-approved counseling session, which also comes with a fee.
Orlando, FL, Reverse Mortgage Eligibility Requirements
Reverse mortgage borrowers are subject to certain eligibility requirements:
- Borrower must be 62 or over
- Own the home outright or have significant equity
- Remain up-to-date on property taxes
- Maintain active homeowners and flood insurance
- Complete HUD-approved counseling with a reverse mortgage counselor
A reverse mortgage makes sense for homeowners who plan to stay in their homes as long as possible, and don’t have access to other types of home equity funding such as cash-out refi or HELOC. These traditional loans have stricter income and credit requirements, while reverse mortgages often don’t have minimum FICO or maximum debt-to-income ratios. If a homeowner qualifies for a home equity line of credit, a reverse mortgage is most likely not needed.
Orlando, FL, Reverse Mortgage Company Reviews
Ashley Thalmueller – Fairway Mortgage
Ashley Thalmueller is a local Orlando licensed loan officer for Fairway Independent Mortgage Corporation. The company offers a full suite of home loan financing, including HECMs. She works to find clients low rates and close quickly. Clients give Ashley five stars for being honest and caring and taking the time to walk them through the entire loan process. Customers enjoyed quick closing, tireless dedication and a stress-free experience.
Email or call to get started
Live chat feature available on the website
| Address | 12938 Tanja King Blvd, Orlando, FL 32828 |
| Phone Number | (407) 469-5052 |
American Liberty Mortgage – Orlando, FL
American Liberty Mortgage offers highly personalized service throughout the home loan process. Reverse mortgages are available as HECMs and H4Ps. Reviewers consistently gave this business five stars for client-first service, professionalism, quick closing and excellent communication. Customers especially appreciated the agents going to great lengths to ensure they understood everything and met deadlines.
“Quick Quote” feature on website
Maximum loan amounts between 48% and 70% of home value
| Address | 7575 Dr Phillips Blvd # 360, Orlando, FL 32819 |
| Phone Number | (407) 233-4077 |
1st Florida Lending
We Are Not the Banks, We’re Better is a direct lender providing competitive rates and reverse mortgage products tailored to each client’s individual needs. Brad Siebert is licensed (NMLS #325832) and affiliated with Premier Mortgage Resources. Reviewers said the staff was nice, knowledgeable, and committed to service and professionalism. Customers liked that loan officers could work through setbacks and get them a great rate.
Online “purchase assistant”
Schedule a free consultation
| Address | 2151 Consulate Dr #8, Orlando, FL 32837 |
| Phone Number | 1 (800) 655-1345 |
ACE Lending Group, LLC
ACE Lending Group offers reverse mortgage HECMs. Clients can choose a lump sum, monthly payments or line of credit and can change disbursement methods during the life of the loan. Use the reverse mortgage qualifier tool on the website to receive options based on your criteria and compare rates and terms. Contact a specialist for personalized and expert advice. Clients said their experiences were wonderful, with great customer service and support during the process.
Online decision-making tools and calculators
Simple reverse mortgage qualifier
| Address | 6200 Metrowest Blvd STE 103, Orlando, FL 32835 |
| Phone Number | (407) 902-2262 |
Streamline Mortgage Solutions
Streamline Mortgage Solutions specializes in being fast, easy, responsive and reliable. The company offers multiple loan programs from various lenders. Start your application online or contact a specialist to get started. Reviewers were impressed that brokers returned every email and phone call immediately, and gave five stars for exceptional service. Customers said the team was efficient and knowledgeable and walked them through every step of the loan process.
A+ rating by the BBB
Mortgage broker in business for 17 years
| Address | 100 E Sybelia Ave #300, Maitland, FL 32751 |
| Phone Number | (407) 898 4477 |
Bank of England Mortgage
Bank of England Mortgage offers HECMs and H4Ps, along with a variety of home loan products at industry best pricing. Contact a specialist to walk you through the process and answer your questions. Reviewers recommend this company for great rates and excellent customer service. Clients said agents worked with them to find the best loan options and explained everything in detail.
Comprehensive loan programs
Apply online
| Address | 3920 Edgewater Dr, Orlando, FL 32804 |
| Phone Number | (407) 333-7395 |