Lifestyle · Florida
Retiree / 55+ Buyer in Florida
Retiring in Florida? Qualify on your assets, not just W-2 income, and right-size into a home that fits your next chapter.
Common challenges we solve
- No traditional employment income to show
- Significant retirement and investment assets
- Wanting low or no monthly payment
- Considering an HECM / reverse purchase
What you get with Lumos
Asset-depletion qualifying using retirement balances
HECM for Purchase — buy with no monthly mortgage payment
Recast options to lower payment after a downsizing sale
Loan programs that typically fit
Frequently asked
- Do I have to make a monthly payment?
- Not with HECM for Purchase — you put roughly 50% down and the rest is financed with no required monthly P&I payment.
- Can I qualify on Social Security alone?
- Yes — and we can supplement with asset depletion from your IRA/401(k)/brokerage.
- What if I sell my northern home later?
- We can recast the new loan with the equity proceeds to slash the payment without refinancing.
