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 14 reverse mortgage specialists in Gadsden, 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.
World Finance
233 S 3rd St, Gadsden, AL 35901
2565432038
First Federal Mortgage
644 Walnut St Suite 1, Gadsden, AL 35901
2564424838
Tower Loan
416 Chestnut St, Gadsden, AL 35901
2564569735
Security Finance
437 George Wallace Dr, Gadsden, AL 35903
2565699947
Gadsden Finance, Inc.
104 E Meighan Blvd, Gadsden, AL 35903
2565430105
Guild Mortgage Company
2331 Rainbow Dr Space B, Gadsden, AL 35901
2564854612
Erika Westcott, Movement Mortgage
601 S 5th St, Gadsden, AL 35901
2564410922
Regional Finance
449 George Wallace Dr, Gadsden, AL 35903
2565463691
Guild Mortgage - Cliff Daugherty
2331 Rainbow Dr Space B, Gadsden, AL 35901
2564854614
Lendmark Financial Services LLC
510 E Meighan Blvd Suite A-4, Gadsden, AL 35903
2565154820
River Bank & Trust
244 S 3rd St, Gadsden, AL 35901
2565431950
PIB Mortgage
2100 Club Dr #250, Gadsden, AL 35901
2565157950
Exchange Mortgage
230 N 3rd St, Gadsden, AL 35901
2565045841
Purchase and Refinance Mortgages in Gadsden
WEISS, 315 Broad St, Gadsden, AL 35901
2566395626
What Does a Reverse Mortgage Specialist in Gadsden Cost?
Typical costs for a reverse mortgage in Alabama include an origination fee up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees such as appraisal and title search. Total closing costs often range from 2,000 to 6,000 dollars. Costs vary by loan amount and lender. 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 Gadsden Alabama?
Borrowers must be at least 62 years old. All borrowers listed on the title must meet this age requirement. The home must be the primary residence.
Do I need counseling before getting a reverse mortgage in Alabama?
Yes. Alabama law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session explains loan terms, costs, and alternatives.
Can I lose my home with a reverse mortgage in Gadsden?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Alabama law allows lenders to foreclose if these obligations are not met.