✓ No FHA Approval Required
✓ Line of Credit Never Expires
✓ Available at Age 55
✓ Loans Up to $4 Million
Stuck with a high-interest private mortgage or hard money loan? A proprietary reverse mortgage may be able to pay it off with no required monthly mortgage payments*. Available for Florida primary residences only. Loan amounts up to $4 million.
*No required monthly mortgage payment. Borrower remains responsible for property taxes, homeowner's insurance, HOA dues, special assessments, and property maintenance. Loan balance becomes due upon sale, vacating the property, or borrower's passing.
*Borrowers remain responsible for property taxes, homeowners insurance, HOA dues, and special assessments.
See If You May QualifyNo obligation · No paperwork to get started · We take our time with you
Fill out the short form below and we will prepare your free reverse mortgage loan comparison and reach out within one business day. No paperwork. No commitment. No obligation of any kind.
Your information stays private. We never sell your data.
This program is available for primary residences in Florida only. Investment properties and second homes are not eligible. 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.
Private mortgages and hard money loans serve an important purpose for borrowers who don't qualify for conventional financing. But they come with challenges.
These loans typically carry higher interest rates, shorter repayment periods, and often include balloon payments that force you to refinance or sell. When the time comes to refinance, conventional lenders turn you away because the loan doesn't fit their guidelines.
You are left with few options: try to sell the home, negotiate with your private lender, or continue paying inflated rates. Most borrowers don't realize a proprietary reverse mortgage could be a solution.
If you are age 55 or older and have significant home equity in your Florida primary residence, you may be able to refinance your private mortgage with a loan that has no required monthly mortgage payment. This program is available for primary residences only. Investment properties and second homes are not eligible.
Sunshine State Home Loans offers a proprietary reverse mortgage designed to help Florida homeowners with private mortgages, hard money loans, and other non-traditional financing find a better solution.
Our loan may be able to pay off your existing private mortgage. Instead of monthly payments, the loan is repaid when you sell, move away, or pass away. This can eliminate the burden of high-interest payments while allowing you to stay in your Florida primary residence.
You control how the loan proceeds are used. Many borrowers use them to pay off expensive private mortgages. Others use them for home improvements, healthcare, or other needs.
*Borrowers remain responsible for property taxes, homeowners insurance, HOA dues, and special assessments. Subject to property and borrower approval. This program is available for Florida primary residences only.
Our proprietary reverse mortgage was designed for homeowners in situations where conventional refinancing is not possible or practical.
The fundamental advantage of a reverse mortgage is the elimination of monthly mortgage payments. You remain responsible for property taxes, insurance, and HOA dues, but no required monthly mortgage payment is due as long as you live in your Florida primary residence. *Borrowers remain responsible for property taxes, homeowners insurance, HOA dues, and special assessments.
The FHA program requires borrowers to be at least 62. Our proprietary reverse mortgage is available seven years earlier starting at age 55. If you are between 55 and 61 and need to refinance your private mortgage, we may be able to help you today.
When you close your reverse mortgage, you decide how to use the proceeds. Pay off your private mortgage completely. Use the funds to invest, improve your home, or cover living expenses. The choice is yours.
Our reverse mortgage line of credit has no expiration date. As long as you have available funds and continue to meet the basic loan obligations, your line remains open. No 10 year draw period limitation like some government programs.
Whether you have a private mortgage, hard money loan, bridge loan, or other non-traditional financing, a reverse mortgage can potentially work for your situation. We evaluate each loan individually and work with you to find the best solution.
Sunshine State Home Loans is a licensed Florida mortgage broker (not a lender) with years of experience serving homeowners in difficult lending situations. We follow all applicable federal and state lending regulations and provide transparent pricing and terms.
Real reviews from Florida homeowners who trusted us with their private mortgage refinance.
Can a proprietary reverse mortgage pay off my private mortgage?
A proprietary reverse mortgage may be able to pay off your private mortgage, eliminating monthly payments. The loan proceeds are used according to your preferences, subject to property and borrower approval. Contact us for a free loan comparison showing your specific options.
What is a private mortgage and why are they hard to refinance?
Private mortgages, also called hard money loans or non-traditional financing, typically have higher interest rates, shorter terms, balloon payments, and limited refinance options through conventional lenders. A proprietary reverse mortgage can be an alternative for borrowers age 55 and up who have sufficient home equity.
How much can I borrow with a reverse mortgage?
Loan amounts depend on your age, home value, current interest rates, and existing mortgage balance. Our proprietary reverse mortgage offers loan amounts up to $4 million. Contact us for a free loan comparison showing your specific number subject to property and borrower approval.
Do I need to make monthly payments on a reverse mortgage?
No monthly mortgage payments are required as long as you remain current on property taxes, homeowners insurance, HOA dues if applicable, and special assessments. The loan becomes due when you sell, move away, or pass away. Subject to property and borrower approval.
What is the minimum age to refinance with a reverse mortgage?
Our proprietary reverse mortgage is available to Florida homeowners starting at age 55. The FHA program requires age 62. If you are between 55 and 61, you may qualify for our program right now.
How do I find out if I can refinance my private mortgage?
Fill out the short form on this page and we will prepare your reverse mortgage loan comparison and reach out within one business day. No paperwork and no obligation of any kind.
Can I use a reverse mortgage to refinance a private mortgage on an investment property?
No. Reverse mortgages are available only for your primary residence in Florida. Investment properties, rental properties, and second homes are not eligible for this program. If you currently live in the property as your primary home, you may qualify. Contact us to discuss your specific situation.
There is no paperwork required to speak with us. No credit check. No pressure of any kind. Just an honest conversation about your private mortgage, your situation, and your options. *Available for Florida primary residences only.
Sunshine State Home Loans · Licensed in Florida · Serving homeowners across the entire state
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 licensed to offer mortgage products in the state of Florida. Results vary based on individual circumstances. For complete program details, please contact us directly at (727) 244-7076.