✓ No FHA Approval Required
✓ Open Line of Credit While You Meet Loan Terms
✓ Available at Age 55
✓ Loans Up to $4 Million
Miami Beach is one of the most condo-dense markets in Florida. Most Miami Beach condo communities are not FHA approved. Our proprietary reverse mortgage does not require that approval. Available at age 55. Loan amounts up to $4 million.
See If You May Qualify Or Call (727) 244-7076No 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. No paperwork. No commitment. No obligation of any kind.
Your information stays private. We do not sell your personal information.
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.
Miami Beach is almost entirely made up of condo communities. The vast majority of these communities are not on the FHA approved condominium project list.
This creates a significant problem for Miami Beach homeowners who want a reverse mortgage. The government HECM program which most lenders offer requires FHA condo approval. Without it most lenders cannot help.
"Your condo community is not on the FHA approved list. We are not able to offer you a reverse mortgage."
This does not mean you cannot get a reverse mortgage on your Miami Beach condo. It means you cannot get the government program. Many Miami Beach condo owners walk away believing no one can help them. That is simply not true.
Our proprietary reverse mortgage is a private loan that evaluates each Miami Beach property individually. Your association does not have to be on any government list.
Sunshine State Home Loans serves Miami Beach condo owners throughout Miami-Dade County with proprietary reverse mortgages starting at age 55.
We have helped Miami Beach residents access their home equity in communities throughout South Beach, Mid Beach, North Beach, Surfside, Bal Harbour, and surrounding areas.
Subject to property and borrower approval. Borrowers remain responsible for the payment of property taxes, homeowners insurance, HOA dues, and special assessments. This is not a commitment to lend. All loans are subject to underwriting conditions and property review.
If another lender told you no because of your Miami Beach condo's FHA approval status, we would like to have a different conversation with you.
We serve condo owners throughout Miami Beach, South Beach, Surfside, Bal Harbour, Sunny Isles Beach, Aventura, and surrounding Miami-Dade communities subject to property and borrower approval.
Most Miami Beach condo communities are not FHA approved. This is not a disqualifying factor for our proprietary reverse mortgage. We evaluate each Miami Beach property individually.
Our proprietary reverse mortgage is available to Miami Beach condo owners starting at age 55. Seven years earlier than the government FHA program minimum age of 62.
Miami Beach properties represent some of the highest values in Florida. Our proprietary reverse mortgage offers loan amounts up to $4 million for eligible Miami Beach properties. Subject to property and borrower approval.
FHA reverse mortgages charge an upfront mortgage insurance premium of 2% of the home's value, up to the FHA limit, at closing. Our proprietary loan does not have this charge.
See what our clients have to say about working with Sunshine State Home Loans.
Can I get a reverse mortgage on my Miami Beach condo?
You may qualify for our proprietary reverse mortgage even if your Miami Beach condo community is not on the FHA approved list. Most Miami Beach communities are not FHA approved but that does not disqualify you from our program. We evaluate each property individually subject to underwriting.
I live in South Beach. Do you serve my area?
Yes. We serve condo owners throughout Miami Beach including South Beach, Mid Beach, North Beach, and surrounding areas in Miami-Dade County.
What is the minimum age for a Miami Beach reverse mortgage?
Our proprietary reverse mortgage is available starting at age 55. The government FHA program requires 62.
My Miami Beach condo is worth over $2 million. Do I qualify?
Possibly yes. Our proprietary reverse mortgage offers loan amounts up to $4 million. For properties requiring loan amounts above $4 million we review each situation on a case by case basis. Contact us to discuss your specific property.
How do I get started?
Fill out the short form on this page and we will prepare your free reverse mortgage loan comparison and reach out. No paperwork and no obligation.
There is no paperwork required to speak with us. No pressure of any kind. Just a conversation about your Miami Beach property, your situation, and your options, at your pace.
Sunshine State Home Loans · Licensed in Florida · Serving Miami Beach and Miami-Dade County
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.