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Looking for a reverse mortgage specialist in Bessemer? Review the directory below to compare your options.
8 agents listed
Updated May 2026
Bessemer, AL
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 8 reverse mortgage specialists in Bessemer, 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.
U.S. Title Loans
823 9th Ave N, Bessemer, AL 35020
2054819454
Tower Loan
5031 Ford Pkwy Ste 102, Bessemer, AL 35022
2054321093
Regional Finance
5031 Ford Pkwy #104, Bessemer, AL 35022
2054327800
Mutual Finance
5031 Ford Pkwy #101, Bessemer, AL 35022
2054285626
Bessemer Finance Company
1819 3rd Ave N, Bessemer, AL 35020
2054286361
PNC Mortgage
1719 4th Ave N, Bessemer, AL 35020
2054812520
Regions Mortgage
5041 Bond Blvd, Bessemer, AL 35022
8003256000
Regions Mortgage
330 19th St N, Bessemer, AL 35020
8003256000
Reverse mortgage specialists in Bessemer Alabama help homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. Alabama law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage HECM. Specialists guide clients through the process while ensuring compliance with state property tax and insurance obligations.
What Does a Reverse Mortgage Specialist in Bessemer Cost?
Typical costs for a reverse mortgage in Alabama 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 and recording which range from 500 to 1500 dollars. Closing costs generally total between 3000 and 8000 dollars depending on the home value and lender. 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 Bessemer Alabama?
Borrowers must be at least 62 years old. If the home is owned jointly both spouses must meet the age requirement unless one spouse is a non-borrowing spouse.
Do I need to own my home free and clear to qualify in Bessemer?
No. You can still qualify if you have an existing mortgage as long as you have enough equity to pay off that loan with the reverse mortgage proceeds. The home must be your primary residence.
What types of homes qualify for a reverse mortgage in Bessemer Alabama?
Single-family homes are most common. FHA-approved condominiums and manufactured homes that meet HUD requirements also qualify. Mobile homes and multi-unit properties up to four units may qualify if the borrower occupies one unit.
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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 Alabama.