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What are loan limits on reverse mortgages in Florida?

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jc Joined: 07 Aug 2009 Posts: 1 1.28 Dollars($)	Posted: Fri Aug 07, 2009 9:59 am    Post subject: What are loan limits on reverse mortgages in Florida? Have property that is worth 6 Million, owned free and clear. Trying to perform a reverse refi, would like to know what the limit for cash out is on a reverse refi in Florida. Thanks!
erickinney01 Joined: 02 Aug 2009 Posts: 51 0.00 Dollars($)	Posted: Sat Aug 08, 2009 12:26 pm    Post subject: it is $625,500 for florida however loan amount will depend upon borrower's age, market value and equity in the home and the interest rate at the time of origination

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