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 13 reverse mortgage specialists in Tuscaloosa, 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.
Lindsey Nance - Movement Mortgage
2207 Jack Warner Pkwy Suite A, Tuscaloosa, AL 35401
8773141499
FirstBank Mortgage
2700 University Blvd Suite A, Tuscaloosa, AL 35401
2053931888
BankFirst Mortgage
2323 Paul W Bryant Dr, Tuscaloosa, AL 35401
2054691700
The Daniel Pate Team, FirstBank Mortgage, NMLS# 416044
2700 University Blvd Suite A, Tuscaloosa, AL 35401
2053931888
Go Mortgage Corporation
423 Skyland Blvd a6, Tuscaloosa, AL 35405
2055349889
Katie Coleman - Regions Mortgage Loan Officer
800 22nd Ave, Tuscaloosa, AL 35401
6019171340
Michelle Smith at CrossCountry Mortgage
2123 9th St UNIT 205, Tuscaloosa, AL 35401
2057467243
Mortgage Refinance Tuscaloosa AL - Home Refinance Alabama - Refi Home Loan Lenders
907 22nd Ave, Tuscaloosa, AL 35401
2058949647
U.S. Mortgage Solutions
2316 University Blvd Suite 100, Tuscaloosa, AL 35401
2057995540
Lance Ridley - Movement Mortgage
1490 Northbank Pkwy #250, Tuscaloosa, AL 35406
2058860751
Leslie Musumecci | NMLS 480263
1300 McFarland Blvd NE, Tuscaloosa, AL 35406
2053319560
Stockton Mortgage, NMLS #8259
324 65th St Unit 2, Tuscaloosa, AL 35405
2052498882
Synovus Mortgage Corporation
2209 9th St, Tuscaloosa, AL 35401
2053911026
What Does a Reverse Mortgage Specialist in Tuscaloosa Cost?
Typical costs for a reverse mortgage specialist 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. Total closing costs often range from 2,000 to 5,000 dollars, depending on the property value and loan complexity. 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 Tuscaloosa Alabama?
Borrowers must be at least 62 years old. If there are two borrowers, the youngest must meet this age requirement. Alabama law does not allow exceptions for younger spouses.
Do I need to own my home free and clear to qualify for a reverse mortgage in Tuscaloosa?
No, you do not need to own your home free and clear. However, you must have substantial equity in the property. Any existing mortgage or liens must be paid off with the reverse mortgage proceeds at closing.
Is financial counseling required for a reverse mortgage in Alabama?
Yes, Alabama law requires all borrowers to complete a counseling session with a HUD-approved counselor before applying. This session must occur at least 30 days before the loan closing to ensure you understand the terms and obligations.