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Compare reverse mortgage specialists in Daphne. Review contact information and insurance categorys before you decide.
6 agents listed
Updated May 2026
Daphne, 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 6 reverse mortgage specialists in Daphne, 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.
Local Bank Mortgage-South Alabama
1710 Main St, Daphne, AL 36526
2513018518
Lendmark Financial Services LLC
27955 US-98 Suite AA, Daphne, AL 36526
2515819202
Mutual of Omaha Mortgage
27880 N Main St Suit C, Daphne, AL 36526
2514518175
River Bank & Trust
1301 US-98 E, Daphne, AL 36526
2516267790
First Federal Mortgage
1300 Main St Suite A, Daphne, AL 36526
2519305832
Magnolia Mortgage Company LLC | Loan Mortgage Service
28600 US-98 F2, Daphne, AL 36526
2519289370
A reverse mortgage specialist in Daphne, Alabama can help homeowners aged 62 and older convert home equity into cash. Alabama law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Specialists in Daphne guide clients through this process and explain how property taxes and insurance must remain current.
What Does a Reverse Mortgage Specialist in Daphne Cost?
Typical costs for a reverse mortgage in Alabama include an origination fee of up to 2% of the first $200,000 of home value plus 1% of the amount above that. Third-party costs like appraisal, title search, and recording fees range from $1,000 to $3,000. HUD counseling costs about $125 to $150. These costs can be financed into the loan. This is general information, 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 age do I need to be for a reverse mortgage in Daphne?
You must be at least 62 years old to qualify for a reverse mortgage in Daphne, Alabama. This age requirement applies to all borrowers listed on the title.
Do I need counseling before getting a reverse mortgage in Alabama?
Yes, Alabama law requires you to complete a counseling session with a HUD-approved counselor before applying. The session covers loan terms, costs, and alternatives.
Can I lose my home with a reverse mortgage in Daphne?
You can lose your home if you fail to pay property taxes or homeowners insurance, or if you do not maintain the property. Alabama law does not provide extra protections beyond federal HECM rules.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.