Accurate Appraisals Mangagement Co. is a Tampa Bay Area appraisal company featuring FHA Reverse Mortgage Specialist Appraisers. Our FHA reverse appraisers have done hundreds of reverse mortgage appraisals for Hillsborough, Hernando, Pasco, Pinellas and Citrus Counties over the past year. Our FHA  Reverse appraisers have attended the most recent FHA appraisal training conferences and are up to date on all the newest FHA requirements, policies and standards. What is a Reverse Mortgage?

A reverse mortgage enables older homeowners (62+) to convert part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payment. The reverse mortgage is aptly named because the payment stream is "reversed." Instead of making monthly payments to a lender, as with a regular mortgage, a lender makes payments to you. Below are some common questions asked by consumers about reverse mortgages.

The amount of funds you are eligible to receive depends on your age (or the age of the youngest spouse in the case of couples), the appraised home value, interest rates, and in the case of the government program, the lending limit in your area. In general, the older you are and the more valuable your home (and the less you owe on your home), the more money you can get.

Eligible property types include single-family homes, 2-4 unit properties, manufactured homes (built after June 1976), condominiums, and townhouses. In general, cooperative housing is ineligible. However, some lenders have developed private programs that lend on co-ops in New York.

What are My Payment Plan Options?
You can choose to receive the money from a reverse mortgage all at once as a lump sum, fixed monthly payments either for a set term or for as long as you live in the home, as a line of credit, or a combination of these. The most popular option – chosen by more than 60 percent of borrowers – is the line of credit, which allows you to draw on the loan proceeds at any time.

As long as you own a home, are at least 62, and have enough equity in your home, you can get a reverse mortgage. There are no special income or medical requirements.

If you need an appraisal in Citrus County,  we are your Ctrus county appraiser. If you need an appraisal in Hernando County, we are your Hernando County appraiser. If you need an appraisal in Pasco County we are your pasco County appraiser, If you need an appraisal in Pinellas County, We are your Pinellas county appraiser.  If you need an appraisal in Hillsborough, we're your Hillsbouroh County appraiser