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 9 reverse mortgage specialists in Gulf Shores, 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.
FirstBank Mortgage
113 E 20th Ave, Gulf Shores, AL 36542
8002006462
Georgia Kelley - Coastal Mortgage Team at Edge Home Finance
1544 W 2nd St #106, Gulf Shores, AL 36542
2516108066
Barr Group Mortgage
1703 Gulf Shores Pkwy, Gulf Shores, AL 36542
2519751800
Fountain Home Loans | DSCR Loans Mortgage Broker Lending Company
232 Professional Ct C4, Gulf Shores, AL 36542
2512074300
Joey Parker | SouthState Mortgage
1560 W 2nd St, Gulf Shores, AL 36542
2512698328
Kelly Hobbs Motto Mortgage Gulf Coast
1545 W 2nd St Suite 100, Gulf Shores, AL 36542
2519683601
Rocket Mortgage - Loren Tunnicliffe - Local Loan Officer
3145 Gulf Shores Pkwy, Gulf Shores, AL 36542
5126369575
Motto Mortgage Gulf Coast
1545 W 2nd St Suite 100, Gulf Shores, AL 36542
2519683601
Beach Refinance Mortgage
343 E Beach Blvd, Gulf Shores, AL 36542
8554858219
What Does a Reverse Mortgage Specialist in Gulf Shores Cost?
Typical costs for a reverse mortgage in Alabama include an origination fee of up to 2 percent of the home value (capped at $6,000), a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and recording. Total closing costs often range from $5,000 to $15,000 depending on the home value and loan type. Some costs can be financed into the loan. 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 Gulf Shores?
Borrowers must be at least 62 years old. All homeowners listed on the title must meet this age requirement. Alabama law does not add any additional age restrictions beyond federal HUD rules.
Do I need counseling before getting a reverse mortgage in Alabama?
Yes. Alabama law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session must happen before you submit your loan application. The counselor will explain loan terms, costs, and alternatives.