✓ No FHA Approval Required
✓ Line of Credit Never Expires
✓ Available at Age 55
✓ Loans Up to $4 Million
If you are locked into a home equity investment with appreciation sharing and steep exit costs, a proprietary reverse mortgage may be able to pay off the HEI balance entirely. No monthly mortgage payments*. Available at age 55. Loan amounts up to $4 million. This program is available for Florida primary residences only.
Call (727) 244-7076 for a Free HEI Payoff AnalysisNo obligation · No paperwork to get started · We take our time with you
Home equity investment agreements (also called home equity sharing agreements) are designed to provide homeowners with quick access to capital. But the trade-off can be expensive and create long-term financial obligations that many homeowners did not fully understand at the time of signing.
Here is how HEI agreements work and why they can become painful.
Sunshine State Home Loans offers a proprietary reverse mortgage that may allow you to access enough equity to pay off your HEI balance in full.
The reverse mortgage provides the funds needed to settle the HEI obligation. Once the HEI is paid off, you are no longer sharing your home's appreciation. No monthly mortgage payments* on the reverse mortgage. Available at age 55, seven years before the FHA program minimum.
Subject to property and borrower approval. Borrowers remain responsible for property taxes, homeowners insurance, HOA dues, and special assessments.
Our proprietary reverse mortgage was designed for homeowners 55 and older who want to eliminate the costs and obligations of a home equity investment agreement.
Reverse mortgage proceeds may be used to pay off the HEI company in full, ending appreciation sharing. You retain 100 percent of any future appreciation on your home once the HEI obligation is settled.
The FHA reverse mortgage program requires borrowers to be at least 62. Our proprietary reverse mortgage is available starting at age 55, seven years earlier. If you need to exit your HEI before age 62, we may be able to help.
You will have no monthly mortgage payment obligation on the reverse mortgage. You remain responsible for property taxes, homeowners insurance, HOA dues, and special assessments. As long as you meet these obligations, the loan will not be called due.
Our reverse mortgage line of credit has no expiration date. Unlike the FHA program which limits access to a 10 year draw period, your line remains open as long as you own the home and meet loan obligations.
If your credit score is 720 or above you may qualify for our Residual Income Waiver which eliminates income documentation requirements. You must also have no force placed homeowners insurance in the last 12 months and no late payments on property taxes or HOA dues in the last 24 months.
Real reviews from Florida homeowners who trusted us with their reverse mortgage.
Can I use a reverse mortgage to pay off a home equity investment?
Yes, reverse mortgage proceeds may be used to pay off the HEI balance. The funds settle the obligation with the HEI company. Subject to property and borrower approval.
How much does it cost to exit a home equity investment early?
Exit costs vary depending on your agreement terms, how much your home has appreciated, and how long you have held the agreement. Penalties may be significant. Contact us for a free analysis of your specific situation.
What happens to the appreciation share when I pay off the HEI?
When you use reverse mortgage proceeds to pay off the HEI company in full, the appreciation sharing obligation ends. You retain 100 percent of any future appreciation on your home.
What is the minimum age for this reverse mortgage?
Our proprietary reverse mortgage is available starting at age 55. The FHA program requires age 62.
Is this available for investment properties?
No. Reverse mortgages are available only for your primary residence in Florida. Investment properties, rental properties, and second homes are not eligible.
How do I find out if I qualify?
Fill out the short form on this page or call us. We will review your situation and prepare a free analysis showing how a reverse mortgage could help pay off your HEI. No paperwork and no obligation.
There is no paperwork required to speak with us. No credit check. No pressure of any kind. Just an honest conversation about your situation and your options.
Sunshine State Home Loans · Licensed in Florida · Serving Florida homeowners 55 and older
Fill out the short form below and we will prepare your free analysis showing how a reverse mortgage could help pay off your HEI. No paperwork. No commitment. No obligation of any kind.
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.
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.