Another Florida-specific closing cost. For HECM loans, Florida law dictates that doc stamps are calculated at $0.35 per $100 of the principal limit. Our team handles these filings with the local government to ensure compliance.
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At Florida’s Best Reverse Mortgage Company, we specialize exclusively in Home Equity Conversion Mortgage (HECM) and proprietary reverse mortgage solutions. Unlike a general mortgage broker, we are dedicated 100% to the reverse mortgage niche.