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 9 reverse mortgage specialists in Trussville, 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.
Marco Turner at Prosperity Home Mortgage - Trussville
183 Main St, Trussville, AL 35173
(205) 356-4499
phmloans.com
Faith Mortgage LLC. NMLS#189393
186 Main St, Trussville, AL 35173
(205) 655-7250
faithmortgagellc.zipforhome.com
Tracy Causey at Rate (NMLS #645329)
7145 Happy Hollow Rd Suite 100A, Trussville, AL 35173
(205) 719-2285
rate.com
Legacy Home Mortgage NMLS #2365236
204 Main St Suite 121, Trussville, AL 35173
(205) 704-6559
legacyhome.mortgage
Hii Commercial Mortgage Loans Trussville AL
4309 Wind Song Cir K, Trussville, AL 35173
(205) 508-0657
happyinvestmentsinc.com
Chandler Bares - Regions Mortgage Loan Officer
193 Main St, Trussville, AL 35173
(303) 956-8192
regions.com
What Does a Reverse Mortgage Specialist in Trussville 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 for appraisal title and recording. Total closing costs often range from 2,000 to 8,000 dollars depending on home value and loan type. Costs are usually financed into the loan rather than paid upfront. 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 Trussville Alabama?
Borrowers must be at least 62 years old. If married the younger spouse must also meet the age requirement or the loan may be affected. This follows federal HUD rules that apply in Alabama.
Do I need counseling before getting a reverse mortgage in Alabama?
Yes Alabama law requires all borrowers 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.