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Compare reverse mortgage specialists in Boaz. Review contact information and insurance categorys before you decide.
2 agents listed
Updated May 2026
Boaz, AL
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Alabama before hiring.
Showing 2 reverse mortgage specialists in Boaz, AL
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Southern Home Mortgage Corporation
888 US-431, Boaz, AL 35957
2568409525
Sweet Home Mortgage, LLC
775 US-431, Boaz, AL 35957
2569079043
Reverse mortgage specialists in Boaz Alabama help seniors convert home equity into tax-free funds without monthly payments. Alabama law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Local specialists guide clients through the process including property appraisal and loan closing in Marshall County.
What Does a Reverse Mortgage Specialist in Boaz Cost?
Typical costs for a reverse mortgage specialist in Alabama include an origination fee of up to 2 percent of the home value with a cap of 6000 dollars. Other costs include appraisal fees around 400 to 600 dollars and closing costs of 2000 to 4000 dollars. HUD counseling fees are usually 125 dollars but may be waived for low-income borrowers. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the age requirements for a reverse mortgage in Boaz Alabama?
Borrowers must be at least 62 years old. The youngest spouse on the title must meet this age requirement for a Home Equity Conversion Mortgage in Alabama.
Do I need to own my home free and clear to qualify in Boaz?
No. You can have an existing mortgage as long as the reverse mortgage proceeds pay off that debt first. Alabama law requires that the home be your primary residence.
How does Alabama law affect reverse mortgage proceeds?
Alabama does not tax reverse mortgage proceeds as income. The funds are considered loan advances and are exempt from state income tax, which is an advantage for Boaz homeowners.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Alabama.