FLORIDA'S LEADING 55+ CONDO REVERSE MORTGAGE SPECIALISTS • BBB A+ RATED


Denied for a Reverse Mortgage Because of Your Condo Association?

We specialize in FHA Condo Project Approvals. Sunshine State Home Loans partners with delegated lenders to perform a preliminary review of your building's eligibility - giving you answers before you commit to a full application. Also offering Proprietary Jumbo Loans for high-value Florida condos!

SEE IF YOUR CONDO QUALIFIES

FREE, NO OBLIGATION! We Handle The HOA Paperwork


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OUR ADVANTAGE

Turned Down Because of Your Age or Condo Status?

We Have a Solution.

Florida condo owners aged 55 and up can qualify for our Proprietary Choice Reverse Mortgage - even if your building is not FHA approved.

  • Available starting at age 55 no need to wait until 62

  • No FHA condo approval required

  • Smaller loan amounts are considered (subject to program guidelines)

  • Loan amounts up to $4 million (higher amounts considered case by case)

  • Condos across a range of values are reviewed (subject to appraisal and program guidelines)

  • Line of credit option with no upfront mortgage insurance premium

  • Qualified borrowers may not need income documentation*

  • We handle all HOA paperwork zero stress for you

  • Free preliminary review before you commit to anything


* Available on refinance transactions only. Borrowers with a qualifying credit score of 720 or above, who meet our credit history requirements, whose property taxes and HOA dues have been paid on time for the past 24 months, and who have carried their own homeowners insurance, not force placed, for the previous 12 months may qualify for a waiver of the residual income test. Purchase transactions do not qualify. Subject to underwriting approval.

See If You Qualify! Free, No Obligation!

SEE IF YOUR CONDO QUALIFIES
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THE SOLUTION

Can I get a reverse mortgage if my condo is not FHA approved?

Yes, Florida condo owners can often qualify for a reverse mortgage by submitting their condo project for a full FHA review or by utilizing proprietary jumbo loans.

Many lenders will tell you "No" simply because your building isn't currently on the HUD list. The Sunshine State Home Loans recommendation is to utilize our Preliminary Project Review process. We work with our lending partners to review your condo's legal and financial documents upfront to determine if your project meets FHA standards.

Option 1: FHA Project Approval
(We help build the package to certify your building).
Option 2: Proprietary Jumbo Loans
(Up to $4M Equity Access – No FHA Review Needed).

How does the Condo Approval process work?

Sunshine State Home Loans acts as your project manager, collecting legal documents from your HOA to assist in proving the project meets FHA standards and submitting them for a TBD eligibility review.

According to Sunshine State Home Loans guidelines, we take the burden off you.

We work directly with your HOA or Management Company to gather the budget, insurance, and bylaws. We then submit this package for a Preliminary Review (TBD) to identify any major issues early in the process. This helps ensure your project is eligible before you move forward with the final submission to HUD.
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JUMBO ALTERNATIVE

What if my Florida condo value exceeds FHA loan limits?

Proprietary jumbo reverse mortgages allow owners of high-value Florida condos to access equity up to $4 million without requiring full FHA project approval.

If you own a luxury condo in Naples, Miami, or Boca Raton, an FHA loan might limit your proceeds. Sunshine State Home Loans data suggests that for condos valued over $1.2 million, a "Private Reverse Mortgage" often provides more cash at closing. These private loans have fewer HOA restrictions and do not require the standard FHA review process.

MEET YOUR EXPERT

Diego Quintero

Hi, I'm Diego Quintero.
Licensed Mortgage Broker | Sunshine State Home Loans
I specialize in one thing: Solving difficult mortgage problems for Florida seniors.
 When big banks and call centers say "No" because they don't want to do the paperwork, I say "Yes." My team understands the specific HOA laws in Florida. We know exactly which documents to pull and we have the direct relationships with delegated underwriters to manage your condo project review.
Direct Line: 727-244-7076
Experience: Over 20 years helping Florida homeowners.

Simple Qualification Checklist

  • Age: Are you or your spouse at least 55? (Proprietary loans start at 55. FHA loans require 62+.)
  • Occupancy: Do you live in the condo as your primary residence (6+ months/year)?
  • Equity: Do you own your condo free and clear, or have significant equity (50%+)?
  • HOA Status: Are you current on your HOA dues?

Get Your Free Preliminary Condo Review

Find out if your project is eligible. No obligation.

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FREQUENTLY ASKED QUESTIONS

Can I get a reverse mortgage on a Florida condo if I am between 55 and 61?

Yes. Our Proprietary Choice Reverse Mortgage is available starting at age 55. You do not need to wait until 62. FHA reverse mortgages require age 62 but our proprietary program does not have that restriction. Call us at 727-244-7076 to check your eligibility.

Can I get a reverse mortgage on a condo that is not FHA approved?

Yes. We offer a proprietary reverse mortgage that requires no FHA project approval. Most lenders say no if your building is not on the HUD approved list - we have a program specifically designed for non-FHA approved Florida condos.

Is there a minimum property value or loan amount?

Minimums are set by the individual loan programs rather than by us, and smaller loan amounts and property values are reviewed individually. Loan amounts up to $4 million are available, with higher amounts considered on a case by case basis. A free review of your unit, your age, and current program guidelines is the only way to know where your condo lands.

Do I need to show proof of income?

Not necessarily. On refinance transactions, borrowers with a qualifying credit score of 720 or above who meet our credit history requirements and who have carried their own homeowners insurance, not force placed, for the previous 12 months may qualify for a waiver of the residual income test. Credit and property charge history are reviewed on every file.

What types of properties do you work with?

We specialize in condos, villas, townhomes, and single family homes across Florida.

What happens to my HOA and property taxes with a reverse mortgage?

You remain responsible for paying HOA dues, property taxes, and homeowners insurance. As long as you stay current and live in the home as your primary residence, the loan does not become due.

Reverse mortgage guides for 31 Florida markets across 18 counties: Areas We Serve.