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Florida Home Equity Option
Access Home Equity Without Monthly Payments for Eligible Florida Homeowners
Have a Florida client with equity who cannot or does not want to use a traditional HELOC, home equity loan, or cash-out refinance? FHM Mortgage can review the scenario and help determine whether this home equity investment option may be a fit.
✓ Available for eligible Florida properties only through FHM Mortgage.
No monthly payment
No DTI requirement
FICO down to 500 may be eligible
Who this may help
Client Scenarios This May Help
This option may be worth reviewing when a Florida homeowner has equity but cannot or does not want to use a traditional HELOC, home equity loan, or cash-out refinance.
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Credit challenges
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Keep the current first mortgage
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Divorce buyout situations
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Catch up on missed payments
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Debt payoff scenarios
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Investment property owners
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Flexible access without adding a monthly payment
How it works
How a Home Equity Investment Works
A home equity investment is not a traditional loan. Instead of making monthly payments, eligible homeowners receive funds upfront in exchange for a share of the home’s future value.
The investment is settled later, typically when the homeowner sells the property, refinances, or chooses to repurchase the investment.
1
Apply with basic property and mortgage information
Property value, mortgage balance, occupancy, and homeowner scenario are reviewed.
2
Receive an investment offer based on equity and eligibility
Eligibility is based on equity, property, credit, valuation, and underwriting.
3
Access funds at closing with no monthly payment
Fees and costs are generally deducted from proceeds at closing.
Product snapshot
Program Highlights
A clean, quick-reference section agents and homeowners can scan before submitting a scenario.
Florida Home Equity Investment
Eligible Florida properties only| Availability | Eligible Florida properties only |
|---|---|
| Monthly payments | None |
| Income requirement | No income or employment requirement |
| DTI requirement | No DTI requirement |
| Credit score | FICO scores down to 500 may be eligible |
| Investment amount | $50,000 to $500,000 |
| Property value | $200,000 to $5 million |
| Occupancy | Primary, second home, or investment property |
| Property types | SFR, condo, townhouse, PUD, and 2 to 4 unit properties may be eligible |
| Fees | Program fees include a 4.99% origination fee, with a $1,500 minimum, plus applicable closing costs such as valuation, title, escrow, recording, and credit report fees. Fees and closing costs are generally deducted from proceeds at closing. |
| Credit reporting | Does not report to credit |
| Funding timeline | Funding may be available in as little as 20 days, or around 10 days in some cases when no full appraisal is needed |
Common uses
Common Client Needs This May Help Solve
Use this section as a quick scenario library. It helps agents recognize situations where a client may need a non-traditional equity solution.
- Pay off high-interest debt
- Catch up on missed mortgage payments
- Complete a divorce buyout
- Access funds without refinancing
- Make repairs before selling
- Support personal or business cash needs
- Access equity from an investment property
- Pay off an existing reverse mortgage or shared equity agreement, if eligible
For agents & referral partners
Submit the Scenario
Have a Client Stuck Because Traditional Financing Won’t Work?
Many Florida homeowners have equity but still cannot qualify for a traditional loan because of income, credit, DTI, or timing issues. This option may give agents another path to help clients solve equity-related challenges before a sale, refinance, or major life event.
Important details
What to Know Before Applying
This is not a traditional loan. There are no monthly payments, but the homeowner is agreeing to share a portion of the home’s future value. The investment is recorded as an option lien and will appear on title. Program approval is subject to underwriting, property valuation, eligibility requirements, and final terms.
FAQ
Frequently Asked Questions
Is this a loan?
No. This is a home equity investment, not a traditional loan. The homeowner receives funds upfront in exchange for a share of the home’s future value.
Are there monthly payments?
No. There are no monthly payments. The investment is settled later when the homeowner sells, refinances, or chooses to repurchase the investment.
Does income matter?
There is no income or employment requirement, and DTI is not used to qualify. Eligibility is primarily based on the property, available equity, credit, and other underwriting factors.
Does it report to credit?
No. It does not report to credit as a monthly debt.
Will it show on title?
Yes. The investment is recorded as an option lien and will appear on title.
What can the funds be used for?
Funds may be used for many purposes, including debt payoff, missed payments, divorce buyouts, repairs, or other cash needs.
Are investment properties eligible?
Yes, primary residences, second homes, and investment properties may be eligible.
How fast can this close?
Funding may be available in as little as 20 days, or around 10 days in some cases when no full appraisal is needed.
What are the fees?
Program fees include a 4.99% origination fee, with a $1,500 minimum, plus applicable closing costs such as valuation, title, escrow, recording, and credit report fees. Fees and closing costs are generally deducted from proceeds at closing.
Can the homeowner settle the investment early?
Yes. The investment can be paid off at any point during the term without penalty.
Is this available outside Florida?
FHM Mortgage is currently offering this option for eligible Florida properties only.
Have a Florida Client Scenario You Want Reviewed?
Send us the property details, mortgage balance, and scenario overview. We’ll help determine whether this option may be available for your client.
Available for eligible Florida properties only. Subject to underwriting, property valuation, eligibility requirements, and final terms.