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 State Mortgage Licensing Authority of Alabama before hiring.
Showing 11 reverse mortgage specialists in Prattville, 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.
Guild Mortgage - Shelley Faulkner
705 McQueen Smith Rd S, Prattville, AL 36066
(334) 799-3085
branches.guildmortgage.com
Guild Mortgage - Hilda Illiana Byrd
705 McQueen Smith Rd S, Prattville, AL 36066
(334) 730-3462
branches.guildmortgage.com
Janet Prestwood Union Home Mortgage
696 Silver Hills Dr, Prattville, AL 36066
(334) 399-6515
homeloanswithjanet.com
Guild Mortgage - Kylee Hogan
705 McQueen Smith Rd S, Prattville, AL 36066
(334) 452-2226
branches.guildmortgage.com
Hamilton Mortgage
702C Commerce Ct, Prattville, AL 36066
(334) 365-5259
6350359461.mortgage-application.net
Guild Mortgage - Christy Lawrence
705 McQueen Smith Rd S, Prattville, AL 36066
(334) 799-5293
branches.guildmortgage.com
Guild Mortgage Company
705 McQueen Smith Rd S, Prattville, AL 36066
(334) 380-4315
branches.guildmortgage.com
Guild Mortgage - Katie Goodson
705 McQueen Smith Rd S, Prattville, AL 36066
(334) 312-3518
branches.guildmortgage.com
What Does a Reverse Mortgage Specialist in Prattville Cost?
Typical costs for a reverse mortgage specialist in Alabama include an origination fee of up to 2 percent of the home value capped at 6000 dollars. Closing costs such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. The upfront mortgage insurance premium is 2 percent of the home value. These costs are usually rolled 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 are the age requirements for a reverse mortgage in Prattville Alabama?
Borrowers must be at least 62 years old. If the home is owned jointly both spouses must meet the age requirement. Alabama law does not allow exceptions to this federal rule.
Do I need to own my home free and clear to get a reverse mortgage in Prattville?
No you do not need to own the home free and clear. You can use a reverse mortgage to pay off an existing mortgage. The remaining equity after paying off the loan becomes available to you. Alabama law requires that the home be your primary residence.