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Compare Reverse Mortgage Specialists in Prattville, AL
Looking for a reverse mortgage specialist in Prattville? Review the directory below to compare your options.
11 agents listed
Updated May 2026
Prattville, 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 11 reverse mortgage specialists in Prattville, 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.
Guild Mortgage - Shelley Faulkner
705 McQueen Smith Rd S, Prattville, AL 36066
3347993085
Guild Mortgage - Hilda Illiana Byrd
705 McQueen Smith Rd S, Prattville, AL 36066
3347303462
Janet Prestwood Union Home Mortgage
696 Silver Hills Dr, Prattville, AL 36066
3343996515
Guild Mortgage - Kylee Hogan
705 McQueen Smith Rd S, Prattville, AL 36066
3344522226
Hamilton Mortgage
702C Commerce Ct, Prattville, AL 36066
3343655259
Guild Mortgage - Christy Lawrence
705 McQueen Smith Rd S, Prattville, AL 36066
3347995293
Guild Mortgage Company
705 McQueen Smith Rd S, Prattville, AL 36066
3343804315
Guild Mortgage - Katie Goodson
705 McQueen Smith Rd S, Prattville, AL 36066
3343123518
Matthew Stringfellow
148 E Main St, Prattville, AL 36067
3342016044
PNC Mortgage
1882 E Main St, Prattville, AL 36066
3343583301
Regions Mortgage
1901 E Main St, Prattville, AL 36066
8003256000
Reverse mortgage specialists in Prattville Alabama help homeowners aged 62 and older convert home equity into tax free funds. Alabama law requires borrowers to complete HUD approved counseling before applying for a Home Equity Conversion Mortgage HECM. Specialists guide clients through the process while ensuring compliance with state property tax and insurance requirements.
What Does a Reverse Mortgage Specialist in Prattville 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. Closing costs such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. The upfront mortgage insurance premium is 2 percent of the home value. These costs are usually rolled 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 Prattville Alabama?
Borrowers must be at least 62 years old. If the home is owned jointly both spouses must meet the age requirement. Alabama law does not allow exceptions to this federal rule.
Do I need to own my home free and clear to get a reverse mortgage in Prattville?
No you do not need to own the home free and clear. You can use a reverse mortgage to pay off an existing mortgage. The remaining equity after paying off the loan becomes available to you. Alabama law requires that the home be your primary residence.
What happens to the reverse mortgage when the borrower dies in Alabama?
The loan becomes due when the last borrower dies or permanently moves out. Heirs have 30 days under Alabama law to decide whether to pay off the loan or sell the home. They cannot be forced to sell immediately and have options to refinance or purchase the home for 95 percent of its appraised value.
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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.