Sterling Reverse Mortgage
Who Is Qualified for a Reverse Mortgage
Both spouses must be at least 62 years of age.
They must claim the mortgage property as their primary residence.
They must have equity in their home.
The home must be in their names.
The home need not be free and clear, but any existing mortgage will be paid off from proceeds of the reverse mortgage.
Social Security and Medicare are not affected by the reverse mortgage.
Just as with a conventional mortgage, the borrowers continue to be liable for taxes and insurance as well as maintenance and upkeep.
Single family homes, most condominiums and many modular or manufactured homes qualify for reverse mortgages.
Mobile homes do not qualify.
Welcome
If you like the idea of an equity loan without monthly payments but you are concerned that a reverse mortgage may place your home ownership in jeopardy, we have the peace-of-mind answer.
Our Owner Protected Reverse Mortgage is guaranteed by the FHA so that you receive cash from the equity in your home and retain ownership that can pass on to your heirs.
This website is intended to give you an overview, and direct you to knowledgeable reverse mortgage loan officers who can provide immediate answers to your questions and expedite your application.
About Sterling Mortgage
Customer Service......
The key to everything we do.
Sterling Mortgage is a locally owned and operated company in Florida that has built a reputation for delivering results to our customers one at a time. We take great pride in knowing that thousands of Floridians look to us for superior service and integrity. Many of our clients come back more than once.
We are:
- Full-time residential real estate finance professionals
- Experts at working through the mortgage process to save you time and money
- Your advocate in dealing with a variety of lenders
- Specialists in securing the most advantageous terms
- Available by appointment as well as normal business hours
- A leading source of FHA Guaranteed Reverse Mortgages in the State of Florida.
- Headquartered in Stuart, FL, with representatives on both coasts.