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Find the Best Reverse Mortgage Lenders in Fort Myers, FL

Fort Myers is a popular place to spend life’s later years, as evidenced by the high share of its population aged 65 or older. For some retirees in the area, reverse mortgages are a way to supplement a fixed income. These loans allow seniors to exchange equity in their homes for regular payments. To help you learn more, we researched the best reverse mortgage lenders in Fort Myers.

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Compare Top Reverse Mortgage Lenders

Finance of America Reverse
Overall satisfaction rating
  • 15+ years of service
  • Will price match
  • Available in Fort Myers
  • Loans up to $4 million

Prepare for retirement with us!

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Liberty Reverse Mortgage
  • No upfront fees
  • Fixed & variable rates
  • Wholesale lending options
  • Available in Fort Myers
 Learn More (866) 268-5369 Read More
American Advisors Group (AAG)
Overall satisfaction rating
  • BBB accredited company
  • 97% customer satisfaction
  • Available in Fort Myers
  • Free info kit online

Prepare for retirement with us!

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One Reverse Mortgage
  • Helping clients since 2001
  • Licensed in all 50 states and operates in 47
  • Responds to clients within 24 hours
  • Member of the NRMLA
 Location
Online services in
Fort Myers, FL
(800) 919-6588
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American Nationwide Mortgage Company
  • Established more than 18 years ago
  • Offers a simple, straightforward process
  • Local office open on Saturdays
  • Works with multiple lenders
 Location
2775 N. Airport Rd., Suite 109-B
Fort Myers, FL 33907
(239) 848-2875
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How to choose a reverse mortgage lender in Fort Myers

Fort Myers skyline

Are you considering getting a reverse mortgage in Fort Myers? Doing so could make retirement easier, providing extra funds to pay bills, lessen debt, buy another home or change investment strategy.

Similarly to areas throughout the southern part of Florida, Fort Myers’ housing market is currently in a down cycle. The median home value, according to Zillow, is just above $209,000. But values, along with equities, are expected to grow over the next year. This gives the opportunity to senior homeowners, who live in communities like Seven Lakes, Pelican Preserve and Heritage Palms, to get added financial benefit from a reverse mortgage.

To qualify for the most common type of reverse mortgage in Fort Myers, called a Home Equity Conversion Mortgage (HECM), you must:

  • Be 62 or older
  • Own or be close to owning the property outright
  • Use the property as a principal residence
  • Not be late on any federal debt
  • Be able to pay property taxes, insurance, homeowner association fees, etc.
  • Participate in a government-approved HECM information session

Other than an HECM, which is insured by the U.S. Department of Housing and Urban Development, options for senior homeowners include proprietary reverse mortgages, which are backed privately, and single-purpose reverse mortgages, offered by state and local government agencies with restrictions on how the funds can be used.

Depending on which type of reverse mortgage you have, you can receive the money in a lump sum, in monthly payments, as a line of credit or in a combination of ways. Remember, a reverse mortgage is a loan and eventually has to be repaid, usually after the borrower dies or the home is sold.

When looking for a reverse mortgage, get information from different lenders. Consider not just interest rates but other costs associated with reverse mortgages, like origination fees, insurance and closing costs. Make sure that you can use the proceeds in the manner you want.

Reverse Mortgages Reviews

Finance of America Reverse

This top-ranking reverse mortgage lender makes it a priority to earn and keep your trust. Finance of America Reverse has plenty to offer: lump sum, tenure payment and line of credit options; an average closing time of 30 days; and award-winning customer service. According to customers in Fort Myers, if you’re unsure of what something means, the team at FAR will go out of their way to explain it to you.

 Finance of America Reverse

Liberty Reverse Mortgage

As one of the country’s largest reverse mortgage providers, Liberty Reverse Mortgage has worked with more than 50,000 seniors since 2003, and all of that experience has led to their reputation as industry experts. Offering HECMs and a promise to match or beat all competitors, this lender is an industry favorite. Customers say they love the responsiveness and personal attention provided by Liberty Reverse Mortgage representatives.

Liberty Reverse Mortgage Learn More (866) 268-5369

American Advisors Group (AAG)

This award-winning company prides itself on a 97 percent customer satisfaction rating from in-house surveys. American Advisors Group offers HECMs and an expert staff to assist with the process every step of the way. Customers say that although sometimes the process takes longer than they had hoped, it works out in the end and is well worth the wait.

 American Advisors Group (AAG)

One Reverse Mortgage

One Reverse Mortgage, founded in 2001, is one of the largest lenders of HECMs in the U.S. Customers can expect constant communication, beginning with an educational session, all the way through closing. One Reverse Mortgage is accredited by the BBB and has an A+ rating. Customers of One Reverse Mortgage say the loan officers are patient with questions and do not use pressure tactics.

 One Reverse Mortgage

American Nationwide Mortgage Company

If you want to work with a Fort Myers-based company for your reverse mortgage, consider American Nationwide Mortgage Company. Established over 18 years ago, the company values great customer service, educating borrowers and competitive pricing. Consultations are free. Customers say the staff is responsive and dedicated to individualized solutions for borrowers.

 American Nationwide Mortgage Company