✓ No FHA Approval Required
✓ Line of Credit Never Expires
✓ Available at Age 55
✓ Loans Up to $4 Million
If your adjustable rate mortgage is approaching the reset date and your payments are about to jump significantly, you may have options to avoid payment shock. A proprietary reverse mortgage may provide the funds to pay off your ARM and eliminate monthly payments* entirely. Available for Florida primary residences only. Starting at age 55.
See If You May QualifyNo obligation · No paperwork to get started · We take our time with you
Adjustable rate mortgages offer lower initial rates, but that advantage comes with significant risk. When your introductory fixed-rate period ends, your interest rate resets based on current market conditions. If rates have risen, your monthly payment can increase dramatically, sometimes by hundreds or even thousands of dollars.
ARM resets are predictable but can be financially devastating if you are not prepared. Many homeowners who took out ARMs in previous low-rate environments now face substantial payment increases. The Federal Reserve's recent rate environment has made ARM resets particularly challenging for Florida homeowners.
You have limited options if your ARM rate is about to reset. You can accept the higher payment, refinance into a fixed-rate mortgage, or explore alternative solutions like a reverse mortgage to eliminate the ARM obligation altogether.
Instead of refinancing into another traditional mortgage or accepting payment shock, a reverse mortgage offers a fundamentally different approach. It lets you use your home equity to pay off your ARM completely, ending monthly payments and giving you financial stability in retirement.
A reverse mortgage is designed for homeowners 55 and older who have significant equity in their homes. You borrow against that equity without requiring monthly payments. The funds can be used to pay off your ARM immediately, freeing you from rate reset risk.
This solution works particularly well for older homeowners who plan to remain in their homes long-term and want to eliminate the burden of increasing payments. With a reverse mortgage, you regain control of your financial situation.
*Borrowers remain responsible for property taxes, homeowners insurance, and HOA fees. The reverse mortgage provides funds to pay off the ARM; it does not eliminate other home ownership costs.
To qualify for our proprietary reverse mortgage ARM exit program, you must meet basic eligibility requirements designed to ensure the product is right for your situation.
Age: You must be at least 55 years old. Our proprietary program serves a younger demographic than the FHA HECM program, which requires age 62.
Property Type: The property must be your primary residence in Florida. Investment properties, second homes, and rental properties do not qualify.
Equity: You must have sufficient equity in your home to cover the payoff of your ARM and related costs. We determine this through a professional property appraisal.
No Mortgage Insurance Required: Unlike FHA programs, our reverse mortgage does not require mortgage insurance, keeping costs lower and funds available higher.
A reverse mortgage offers a clear path to end your ARM obligation and gain financial stability. Instead of facing unpredictable rate adjustments, you use your home equity to settle the mortgage and eliminate monthly payments.
A reverse mortgage pays off your ARM completely. Once paid, there are no monthly mortgage payments. You eliminate the surprise rate increases and budget with confidence.
Unlike refinancing into a traditional mortgage, a reverse mortgage requires no monthly payments. The loan is repaid when you sell, move, or pass away. This provides peace of mind and monthly cash flow relief.
Our proprietary reverse mortgage is available starting at age 55. The FHA government program requires age 62. If you are between 55 and 61, you may qualify for our program now and exit your ARM sooner.
Loan amounts depend on your age, home value, and market conditions. Our proprietary program offers loan amounts up to $4 million, often sufficient to cover ARM payoff for most Florida homes.
Receive funds as a lump sum to pay off your ARM immediately, or as an open line of credit for ongoing flexibility. You control when and how you use your home equity.
Real reviews from Florida homeowners who trusted us with their reverse mortgage.
What is an adjustable rate mortgage?
An adjustable rate mortgage has an initial fixed rate period, usually 3-10 years, after which the rate adjusts periodically based on market conditions. The initial rate is typically lower than fixed-rate mortgages, but rate increases can be substantial when adjustments occur.
When should I exit my ARM?
Consider exiting your ARM if the upcoming rate reset will increase your monthly payment significantly, if you want payment stability, or if you prefer to use your home equity rather than make monthly payments. Exiting makes sense when the cost of paying off the ARM is less than the lifetime cost of rate adjustments.
How can a reverse mortgage help me exit my ARM?
A reverse mortgage provides funds that you can use to pay off your adjustable rate mortgage in full. Once paid off, your ARM obligation ends. The reverse mortgage becomes the lien on your home instead, with no monthly payments required.
What is the minimum age to qualify?
Our proprietary reverse mortgage is available to Florida homeowners starting at age 55. The FHA government program requires age 62. If you are between 55 and 61, you may qualify for our program now and may be able to exit your ARM sooner than with traditional options.
Can I use this reverse mortgage for an investment property?
No, this reverse mortgage is available for primary residences only. The property must be your main home in Florida. Investment properties and second homes do not qualify.
How do I find out if I qualify?
Fill out the form on this page and we will prepare a free ARM exit analysis showing your refinance options and estimated monthly payment reduction. We will reach out within one business day. No paperwork required upfront. No obligation of any kind.
There is no paperwork required to speak with us. No credit check. No pressure of any kind. Just an honest conversation about your home, your situation, and your refinance options.
Sunshine State Home Loans · Licensed in Florida · Serving homeowners across the entire state
Fill out the short form below and we will prepare your free ARM exit analysis and reach out within one business day. No paperwork. No commitment. No obligation of any kind.
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.
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 a licensed Florida mortgage broker, not a lender or mortgage banker. A reverse mortgage may be able to provide funds to pay off an adjustable rate mortgage; however, the ARM obligation is not automatically eliminated. The reverse mortgage becomes a lien on your home. Results vary based on individual circumstances. FHA program requires age 62. For complete program details, please contact us directly at (727) 244-7076.