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Browse reverse mortgage specialists serving Jacksonville, Alabama. Contact information and addresses listed below.
2 agents listed
Updated May 2026
Jacksonville, 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 Jacksonville, 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.
Investar Bank
1500 Pelham Rd S, Jacksonville, AL 36265
2564350707
Regions Mortgage
100 Pelham Rd S, Jacksonville, AL 36265
8003256000
A reverse mortgage specialist in Jacksonville, Alabama helps homeowners age 62 and older 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 (HECM). Local specialists understand the Calhoun County housing market and can guide you through the specific eligibility and repayment rules that apply in Alabama.
What Does a Reverse Mortgage Specialist in Jacksonville Cost?
Typical costs for a reverse mortgage in Alabama include an origination fee of 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. Origination fees are capped at $6,000 for most HECM loans. Closing costs in Jacksonville generally range from $2,500 to $8,000 depending on the home value and lender. 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 are the age requirements for a reverse mortgage in Jacksonville Alabama?
You must be at least 62 years old to qualify for a reverse mortgage in Alabama. All borrowers listed on the title must meet this age requirement. Spouses under 62 may have limited protections under federal HECM rules.
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 covers loan terms, costs, and alternatives. The counselor must be independent from the lender.
Can I lose my home with a reverse mortgage in Jacksonville?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Alabama law also allows the lender to call the loan due if you move out of the home for more than 12 consecutive months.
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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.