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 Montgomery, 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.
Fairway Independent Mortgage Corporation
6845 Halcyon Park Dr, Montgomery, AL 36117
3342709100
Guild Mortgage - Jimmy Parsons
1943 Berry Chase Pl, Montgomery, AL 36117
3347828949
John W Mills | Fairway Independent Mortgage Corporation Loan Officer
6845 Halcyon Park Dr, Montgomery, AL 36117
3342709100
Allison Prillaman | Fairway Home Mortgage Loan Officer
6845 Halcyon Park Dr, Montgomery, AL 36117
3342203340
Hunter Beasley | Fairway Independent Mortgage Corporation Loan Officer
6845 Halcyon Park Dr, Montgomery, AL 36117
3344675775
Shelly Nickles at CrossCountry Mortgage
7224 Halcyon Park Dr Store # J, Montgomery, AL 36117
3342697111
Renasant Mortgage Lending
6825 Halcyon Park Dr, Montgomery, AL 36117
3342015477
The Glenn Wilson Lending Team - Movement Mortgage
5151 Hampstead High St suite 100, Montgomery, AL 36116
3342476484
Real Estate Funding
8421 Crossland Loop, Montgomery, AL 36117
3342156789
Paula Boyd Robinson
8138 Seaton Pl, Montgomery, AL 36116
3343943267
Guild Mortgage - Alex Castanza
1943 Berry Chase Pl, Montgomery, AL 36117
3345908944
Guild Mortgage - Harris Baker Jr
1943 Berry Chase Pl, Montgomery, AL 36117
3345498332
Kelli W Moore | Fairway Independent Mortgage Corporation Loan Officer
6845 Halcyon Park Dr, Montgomery, AL 36117
3342709100
Chris Nolan at CrossCountry Mortgage
7224 Halcyon Park Dr Store # J, Montgomery, AL 36117
3342021101
Donna Young
8138 Seaton Pl, Montgomery, AL 36116
3345906399
Guild Mortgage Company
1943 Berry Chase Pl, Montgomery, AL 36117
3345138113
Assurance Financial - Montgomery, AL
7065 Fain Park Dr suite c, Montgomery, AL 36117
3342167019
Steve A Kermish | Fairway Independent Mortgage Corporation Loan Officer
6845 Halcyon Park Dr, Montgomery, AL 36117
3342709100
PrimeLending, A PlainsCapital Company - Montgomery AL
445 Dexter Ave Suite 4050 Ofc 409, Montgomery, AL 36104
2567637909
Liliana Del Rivero
5151 Hampstead High St suite 100, Montgomery, AL 36116
3343254309
What Does a Reverse Mortgage Specialist in Montgomery Cost?
Typical costs for a reverse mortgage specialist in Alabama include an origination fee of up to 2 percent of the home value capped at 6000 dollars. Third party costs such as appraisal title search and recording fees range from 1500 to 3500 dollars. A monthly servicing fee of 30 to 35 dollars may also apply. These 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 Montgomery Alabama?
Borrowers must be at least 62 years old. If there are multiple borrowers the youngest borrower must meet this age requirement. This follows federal HECM guidelines and Alabama state law.
Do I need to own my home free and clear to get a reverse mortgage in Montgomery?
No you do not need to own your home free and clear. You can use a reverse mortgage to pay off an existing mortgage. The amount you can borrow depends on your age home value and current interest rates.
What happens to the reverse mortgage when I pass away or move out in Alabama?
When the last borrower dies or permanently moves out the loan becomes due. Heirs have 6 months to repay the loan or sell the home. Alabama law allows a 30 day extension if needed. No one can owe more than the home is worth.