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 11 reverse mortgage specialists in Orange Beach, 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.
Team Acopia | Lower Mortgage
4790 Wharf Pkwy W F-208, Office E, Orange Beach, AL 36561
9016193665
Brian Lynch Cornerstone First Mortgage
25299 Canal Rd STE A6, Orange Beach, AL 36561
2515979750
Guild Mortgage - Cassandra Langley
4851 Wharf Pkwy E Unit D228, Orange Beach, AL 36561
8505542569
Tanner Gorum - Movement Mortgage
4593 Main St Suite C205, Orange Beach, AL 36561
2512300321
Chad Hampton, Cornerstone First Mortgage Orange Beach, AL
4547 Cypress Village Blvd Suite 15, Orange Beach, AL 36561
6016247163
Guild Mortgage - Kelly Lankford
4851 Wharf Pkwy E Unit D228, Orange Beach, AL 36561
2512138314
Richard Hampton
4851 Wharf Pkwy E Unit D228, Orange Beach, AL 36561
6016247163
Bradley Shivers
4776 Main St, Orange Beach, AL 36561
3347596482
Guild Mortgage - Priscilla Jones
4851 Wharf Pkwy E Unit D228, Orange Beach, AL 36561
2519786663
Supreme Lending Orange Beach
25910 Canal Rd, Orange Beach, AL 36561
2512985317
CMG Financial, Inc
4776 Main St L-211 Ste 2, Orange Beach, AL 36561
3347596482
What Does a Reverse Mortgage Specialist in Orange Beach 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 costs such as appraisal and title fees. For a home valued at 300000 dollars, total upfront costs might range from 8000 to 15000 dollars. Annual servicing fees and interest also apply. 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 Orange Beach Alabama?
Borrowers must be at least 62 years old. The youngest spouse on the title must meet this age requirement for the loan to proceed under Alabama law.
Do I need to own my home free and clear to qualify for a reverse mortgage in Alabama?
No. You can have an existing mortgage, but the reverse mortgage must pay off that loan first. Alabama law does not require full home equity for eligibility.
What happens if I move out of my Orange Beach home after getting a reverse mortgage?
If you move out for more than 12 consecutive months for medical reasons or permanently, the loan becomes due. Alabama follows federal HECM rules for occupancy requirements.