Reverse mortgage in Florida
HUD's own loan records identify lenders, loan locations and counselors in Florida.
- During one year, Florida saw 2,036 HECMs close
- The Median home value HUD counted was $400,000
- Most Florida HECMs came from Finance of America Reverse , at 524 loans
Between September 2025 and August 2026, 8.3% of the 24,529 HECMs closed nationwide came from Florida, where HUD's HECM data counts 2,036. Only one of the 50 states and DC ranked higher.
Of these loans, 109 bought homes through a HECM for Purchase, 181 refinanced an earlier HECM, 2 chose a fixed rate, and 53 hit the $1,249,125 cap on value.
Comparing Florida HECMs with national totals
Data for the last two rows comes from the calculator.
| Florida | Against all HECMs | |
|---|---|---|
| HECMs closed | 2,036 | 8.3% of all 24,529 |
| Median home value counted | $400,000 | $40,000 less |
| Median principal limit | $177,182 | $16,990 less |
| Principal limit as a share of value | 43.9% | 0.5 points higher |
| Median expected rate | 5.75% | 0.125 points lower |
| HECM for Purchase | 5.4% | 0.2 points lower |
| Refinanced HECMs | 8.9% | 2 points lower |
| Lenders with a loan here | 29 | of 34 nationwide |
| For a median home with no mortgage, the amount left after costs at age 70 | $136,900 | $14,640 less |
| Usable in the first year at age 70 | $75,140 | $8,464 less |
Ranking Florida lenders by HECM loan volume
The HECMs in Florida had sponsorship from 29 lenders. Finance of America Reverse, Mutual of Omaha Mortgage and Longbridge Financial were the top three. Together, they accounted for 1,374 of the 2,036 loans, which was 67% of the total. Look at the national ranking for a comparison.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 | Finance of America Reverse | 524 | 25.7% |
| 2 |  | 438 | 21.5% |
| 3 | Longbridge Financial | 412 | 20.2% |
| 4 | Traditional Mortgage Acceptance Corporation | 81 | 4% |
| 5 | South River Mortgage | 69 | 3.4% |
| 6 |  | 64 | 3.1% |
| 7 | PHH Mortgage | 57 | 2.8% |
| 8 |  | 52 | 2.6% |
| 9 | Plaza Home Mortgage | 50 | 2.5% |
| 10 | MCM Holdings | 45 | 2.2% |
Local lenders and brokers originating HECMs in Florida
A total of 326 companies took applications for Florida HECM loans. After national lenders are excluded, the highest origination totals came from Atlantic Avenue Mortgage (64), Senior Lending (58), Movement Mortgage (53), Loandepot.com (38), Caliver Beach Mortgage (37), West Capital Lending (24), First American Home Loans (24) and Florida's Best Mortgage Company (21). These counts are of the company that originated each loan, while the ranking above counts the lender that sponsored it, so the two lists are not comparable.
Florida HECMs by location of origin
Miami-Dade County had the most of the 2,036 loans at 202, more than Palm Beach at 142. Miami (128) had the most, followed by Orlando (70), Jacksonville (63), Tampa (56) and Port Saint Lucie (55) in the city totals. City names are the mailing city on each HUD record and can reach into nearby counties, so a city's count need not match the county table.
| County | HECMs | Share |
|---|---|---|
| Miami-Dade | 202 | 9.9% |
| Palm Beach | 142 | 7% |
| Broward | 140 | 6.9% |
| Hillsborough | 113 | 5.6% |
| Orange | 100 | 4.9% |
| Pinellas | 91 | 4.5% |
Florida HUD-approved reverse mortgage counselors
HUD's list shows 16 reverse mortgage counseling agencies located in Florida, spread over 13 cities. Their phone numbers appear in HUD's counselor search.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Clearwater, FL | National Foundation for Debt Management | phone, in person | English, Spanish |
| Doral, FL | Real Estate, Education and Community Housing | phone, in person, video, online, group | Creole, English, Spanish |
| Eatonville, FL | H.E.L.P. Community Development Corp. | phone, in person, video, online, group | Creole, English, Spanish |
| Fort Lauderdale, FL | Real Estate Education and Community Housing | phone, online, group | English, Spanish |
| Fort Lauderdale, FL | Debt Management Credit Counseling Corp | phone, in person, group | Creole, English, Spanish |
| Jacksonville, FL | Credit.org - Jacksonville, FL Branch | phone, video | English, Spanish |
| Miami, FL | Trinity Empowerment Consortium | phone, in person, video, online, group | English |
| Orlando, FL | Greenpath Financial Wellness | phone, in person | English, Spanish |
| Pembroke Pines, FL | Housing Foundation of America | phone | English |
| Plantation, FL | Consolidated Credit Solutions | phone, in person, video, group | Creole, English, Spanish |
| Riviera Beach, FL | Housing Partnership | phone, in person, video, online, group | Creole, English, Spanish |
| Tampa, FL | Real Estate Education and Community Housing | phone, in person, video, online, group | English, Spanish |
| Tallahassee, FL | Tallahassee Lenders Consortium | phone | English |
| West Palm Beach, FL | Reversemortgagehelper.org and Debthelper.com | phone, in person, online, group | English, Spanish |
| West Palm Beach, FL | Real Estate, Education and Community Housing | phone, video, group | Creole, English, Spanish |
| West Palm Beach, FL | Urban League of Palm Beach County | phone, in person, online, group | English, Spanish |
Property tax relief for older Florida homeowners
In Florida, Miami-Dade homeowners holding a Homestead Exemption may qualify for the local-option Senior Exemption when one owner or more is 65 or older by January 1, and the household's 2025 adjusted gross income was not above $38,686. Owners who have lived in the home for 25 years or more may additionally qualify for the Long-Term Resident Senior Exemption when its market value was under $250,000 for the first year. Senior Citizen Exemptions.
Who oversees reverse mortgage lenders in Florida
Chapter 494 of the Florida Statutes makes it a requirement for any business that lends mortgage money for compensation or gain to hold a license. Mortgage Lender and Branches.
Data come from the HUD HECM portfolio snapshot, covering September 2025 to August 2026. Every state.