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Compare reverse mortgage specialists in Homewood. Review contact information and insurance categorys before you decide.
3 agents listed
Updated May 2026
Homewood, 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 3 reverse mortgage specialists in Homewood, 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.
Ransom Kelly - Assurance Financial
2810 Crescent Ave, Homewood, AL 35209
2056058027
Assurance Financial - Homewood
2810 Crescent Ave, Homewood, AL 35209
2057743400
Lendello Mortgage
2700 Rogers Dr, Homewood, AL 35209
2057303793
A reverse mortgage specialist in Homewood Alabama helps homeowners aged 62 and older convert home equity into loan proceeds. Alabama law requires borrowers to complete HUD approved counseling before obtaining a Home Equity Conversion Mortgage. Local specialists guide clients through the process and explain how property taxes and insurance must remain current.
What Does a Reverse Mortgage Specialist in Homewood Cost?
Reverse mortgage costs in Alabama include an origination fee typically 2 percent of the home value up to a cap of 6000 dollars. Upfront mortgage insurance premium is 2 percent of the appraised value. Third party costs such as appraisal title and recording fees range from 2000 to 4000 dollars. Annual mortgage insurance premiums are 0.5 percent of the loan balance. 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 Homewood Alabama?
Borrowers must be at least 62 years old. The youngest borrower on the title must meet this age requirement under federal HUD rules. Alabama does not have a separate state age law for reverse mortgages.
Do I need counseling to get a reverse mortgage in Alabama?
Yes. Federal law requires all borrowers to complete a counseling session with a HUD approved counselor. The session covers loan terms costs and alternatives. Alabama does not add extra state counseling requirements.
Can I lose my home with a reverse mortgage in Homewood?
You can lose your home if you fail to pay property taxes or homeowners insurance or if you stop living in the home as your primary residence. Alabama law allows foreclosure for these defaults. The loan becomes due when the last borrower moves out or passes away.
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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.