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Find Reverse Mortgage Specialists Near You in Birmingham, AL
Compare reverse mortgage specialists in Birmingham. Review contact information and insurance categorys before you decide.
20 agents listed
Updated May 2026
Birmingham, 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 20 reverse mortgage specialists in Birmingham, 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.
The Ben Chenault & Travis Mitchell Team of MortgageBanc
2007 Eagle Ridge Dr, Birmingham, AL 35242
2059864220
MortgageRight
1 Perimeter Park S Suite 230, Birmingham, AL 35243
2057768401
Assurance Financial - Birmingham
500 Office Park Dr #410, Birmingham, AL 35223
2057768400
Scott Stearns | MortgageBanc Loan Officer
2007 Eagle Ridge Dr, Birmingham, AL 35242
2059086993
Classic Home Mortgage, Inc.
2167 Rocky Ridge Rd, Birmingham, AL 35216
2054445866
First Lenders Mortgage Corporation
University Building, 85 Bagby Dr # 204, Birmingham, AL 35209
2058592275
McGowin-King Mortgage, LLC
2 Office Park Cir #103, Birmingham, AL 35223
2058797775
David B Arnette | MortgageBanc Loan Officer
2007 Eagle Ridge Dr #5442, Birmingham, AL 35242
2054137990
The Jason Lee Group, FirstBank Mortgage, NMLS# 214015
3443 Colonnade Pkwy, Birmingham, AL 35243
2055034162
Clint Curtis Thompson | Fairway Home Mortgage/MortgageBanc- Loan Advisor
2007 Eagle Ridge Dr, Birmingham, AL 35242
2057190626
Scott D McFadden | MortgageBanc Loan Officer
2007 Eagle Ridge Dr, Birmingham, AL 35242
2059038374
Fox Mortgage Inc
3510 Vann Rd #101, Birmingham, AL 35235
2056616868
Integrity Mortgage Brokers, LLC
3644 Vann Rd Ste 132, Birmingham, AL 35235
2056166756
Jim Bryant at Prosperity Home Mortgage - Vestavia
2409 Acton Rd Suite 137, Birmingham, AL 35243
2057097665
SMG Mortgage
204 Griffin Pk Trl, Birmingham, AL 35242
2059835626
Gagliano Mortgage, Inc
4500 Valleydale Rd Suite F, Birmingham, AL 35242
2059794412
Steve W Niven | MortgageBanc Loan Officer
2007 Eagle Ridge Dr, Birmingham, AL 35242
2055783951
Pritchard Allen, Allen Mortgage
880 Montclair Rd Suite 277, Birmingham, AL 35213
2053060104
Sean Hentz
4898 Valleydale Rd STE A-3, Birmingham, AL 35242
2055403453
A reverse mortgage specialist in Birmingham Alabama helps seniors aged 62 and older convert home equity into tax free funds. Alabama law requires all reverse mortgage counselors to be approved by the U.S. Department of Housing and Urban Development. Specialists guide clients through the mandatory counseling session and explain how the loan affects estate planning and Medicaid eligibility.
What Does a Reverse Mortgage Specialist in Birmingham Cost?
Typical costs for a reverse mortgage in Alabama include an origination fee up to 2 percent of the home value capped at 6000 dollars. Third party closing costs such as appraisal title insurance and recording fees usually range from 2000 to 5000 dollars. The upfront mortgage insurance premium is 2 percent of the appraised value. Annual mortgage insurance premiums are 0.5 percent of the loan balance. These costs are financed into the loan so no out of pocket payment is required. 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 Birmingham Alabama?
Borrowers must be at least 62 years old. If a married couple applies and one spouse is under 62 that spouse may still live in the home but will not be listed as a borrower. Alabama follows federal HUD guidelines for age eligibility.
Do I need to own my home free and clear to get a reverse mortgage in Alabama?
No you do not need to own the home free and clear. You must have significant equity in the property. The reverse mortgage pays off any existing mortgage first and the remaining funds are available to you. Alabama law does not impose additional equity requirements beyond federal rules.
Is the reverse mortgage proceeds taxable in Alabama?
No the proceeds from a reverse mortgage are considered loan advances not income. They are not subject to Alabama state income tax or federal income tax. However interest on the loan is not deductible until the loan is repaid.
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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.