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Compare reverse mortgage specialists in Alcoa. Review contact information and insurance categorys before you decide.
3 agents listed
Updated May 2026
Alcoa, TN
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 Tennessee before hiring.
Showing 3 reverse mortgage specialists in Alcoa, TN
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
The Loren Riddick Team
219 Gill St, Alcoa, TN 37701
8652334871
Peoples Home Equity
219 Gill St, Alcoa, TN 37701
8652334871
Tennessee Home Mortgage
445 Marilyn Ln, Alcoa, TN 37701
8659845350
A reverse mortgage specialist in Alcoa Tennessee helps homeowners aged 62 and older convert home equity into tax-free funds without monthly mortgage payments. Tennessee law requires borrowers to complete a counseling session with a HUD-approved counselor before obtaining a reverse mortgage. Alcoa residents can use these funds for home repairs medical expenses or supplementing retirement income while retaining home ownership.
What Does a Reverse Mortgage Specialist in Alcoa Cost?
Typical costs for a reverse mortgage specialist in Tennessee include an origination fee of up to 2 percent of the home value capped at 6000 dollars a mortgage insurance premium of 2 percent of the appraised value and third-party fees for appraisal title search and recording which range from 2000 to 4000 dollars. Closing costs vary by lender and loan amount. 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 is a reverse mortgage specialist in Alcoa Tennessee?
A reverse mortgage specialist is a licensed professional who guides Alcoa homeowners through the process of obtaining a Home Equity Conversion Mortgage HECM. They explain eligibility requirements loan terms and how Tennessee property tax deferral programs may interact with reverse mortgages.
What are the eligibility requirements for a reverse mortgage in Tennessee?
Borrowers must be at least 62 years old own their home outright or have a low mortgage balance and live in the property as their primary residence. Tennessee law does not impose additional state-specific requirements beyond federal HECM rules.
How does a reverse mortgage affect my heirs in Tennessee?
Heirs can repay the loan by selling the home or using other funds to keep the property. Tennessee is a non-recourse state meaning heirs are not personally liable for any shortfall if the home value is less than the loan balance.
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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 Tennessee.