Find top reverse lenders in Alabama

Find top reverse lenders in Alabama
Get your free reverse mortgage quote in AL.

What is a reverse mortgage?

HECM stands for home equity conversion mortgage. Reverse mortgages allow for seniors to release a portion of the home’s equity to eliminate any existing mortgage payments. HECM’s are unique in that there are no monthly mortgage payments required – no other program has this unique feature.  

More than 600,000 seniors have taken out a reverse mortgage loan to improve their retirement, your not alone.

Compare HECM loans in Alabama for free with RMLD – Let us find you the best HECM program.

Seniors in AL qualify for a reverse mortgage if…

  • they are 62 years of age or older
  • own their homes
  • have equity available in the property
  • can afford to pay for the home’s property taxes and insurance
  • have never defaulted on governemnt insured loans

I qualify for the HECM reverse mortgage how does this program improve my retirement?

  • improve your retirement qualify by having access to your equity today
  • no more mortgage payments while you are living in the home
  • interest rates are at all time low’s
  • ability to spend the equity as you wish – no restrictions are placed on the funds
  • no taxes are applied to the equity you release

“There is no other program which allows seniors to access their home’s equity without having payment in retirement.”

How Does the Reverse Mortgage Work in Alabama?

You have worked hard your entire life to build up your home’s equity, insn’t it time that your home paid you back? Well, FHA (Federal Housing Administration) insures the HECM reverse mortgage which allows you to use your home as a tool to fund your retirement.

Many seniors are still having to pay each month a mortgage payment this is seriously impacting the quality of those seniors retirement. What if you could use all the built up equity in your home to generate a new income source, this would greatly improve the quality of your retirement.

This is what the reverse mortgage program was designed for. Seniors are taking advantage of the low interest rate enviroment and the ability to qualify for a reverse mortgage loan without having income or credit scores to meet. There are no payments to be made (you are only responsible for the property taxes, insurance, and home maintanance expenses). It will cost you $0 to find our your options give us a call today.

Snapshot of Alabama

4.7 M

Population

$85,100

Median Home Value

73%

Home Ownership Rate

73%

Percent Population Over 65

14%

LOCATION POPULATION MED. HOME VALUE HOME OWNERSHIP RATE % POPULATION OVER 65
USA 307,006,550 $119,600 66% 13%
Alabama 4,708,708 $85,100 73% 14%
Auburn 51,906 $138,700 41% 6%
Bessemer 28,416 $56,500 59% 16%
Birmingham 229,424 $62,100 54% 14%
Decatur 55,778 $89,200 64% 13%
Dothan 64,053 $86,800 63% 15%
Florence 36,721 $83,300 59% 18%
Gadsden 37,291 $50,000 64% 20%
Homewood 23,780 $160,700 55% 11%
Hoover 68,707 $178,600 66% 11%
Huntsville 168,132 $97,300 62% 13%
Madison 36,824 $141,300 70% 6%
Mobile 192,830 $81,400 59% 14%
Montgomery 201,998 $86,800 62% 12%
Phenix City 30,067 $73,000 53% 14%
Prattville 31,119 $93,400 75% 11%
Prichard 28,151 $50,100 58% 12%
Tuscaloosa 83,052 $99,600 48% 12%
Vestavia Hills 31,051 $205,200 78% 16%

Local Reverse Mortgage Lenders/Banks/Brokers in Alabama

A

Abbeville · Abernant · Acmar · Adamsville · Addison · Adger · Akron · Alabaster · Alberta · Albertville · Alexander City · Alexandria · Aliceville · Allen · Allgood · Alma · Alpine · Alton · Altoona · Andalusia · Anderson · Annemanie · Anniston · Arab · Ardmore · Ariton · Arley · Arlington · Ashford · Ashland · Ashville · Athens · Atmore · Attalla · Auburn · Auburn University · Autaugaville · Avon · Axis

B

Babbie · Baileyton · Bakerhill · Banks · Bankston · Bay Minette · Bayou La Batre · Bayou Labatre · Bear Creek · Beatrice · Beaverton · Belk · Bellamy · Belle Mina · Bellwood · Benton · Berry · Bessemer · Big Cove · Bigbee · Billingsley · Birmingham · Black · Blountsville · Blue Mountain · Bluff Park · Boaz · Boligee · Bolinger · Bon Air · Bon Secour · Booth · Borden Springs · Boykin · Branchville · Brantley · Bremen · Brent · Brewton · Bridgeport · Brierfield · Brighton · Brilliant · Brookley Field · Brooklyn · Brookside · Brookwood · Brownsboro · Brundidge · Bryant · Bucks · Buhl · Burkville · Burnt Corn · Burnwell · Butler · Bynum

C

Cahaba Heights · Calera · Calvert · Camden · Camp Hill · Campbell · Capshaw · Carbon Hill · Cardiff · Carlton · Carolina · Carrollton · Castleberry · Catherine · Cecil · Cedar Bluff · Center Point · Centre · Centreville · Chancellor · Chapman · Chatom · Chelsea · Cherokee · Chickasaw · Childersburg · Choccolocco · Chunchula · Citronelle · Clanton · Clay · Clayton · Cleveland · Clinton · Clio · Clopton · Cloverdale · Coalburg · Coaling · Coatopa · Coden · Coffee Springs · Coffeeville · Coker · Collinsville · Columbia · Columbiana · Cook Springs · Coosa Pines · Coosada · Cordova · Cottondale · Cottonton · Cottonwood · County Line · Courtland · Cowarts · Coy · Cragford · Crane Hill · Creola · Crestline Heights · Cropwell · Crossville · Cuba · Cullman · Cusseta · Cypress

D

Dadeville · Daleville · Danville · Daphne · Dauphin Island · Daviston · Dawson · Dayton · De Armanville · Deatsville · Decatur · Deer Park · Delmar · Delta · Demopolis · Detroit · Dickinson · Dixiana · Dixons Mills · Docena · Dodge City · Dolomite · Dora · Dothan · Double Springs · Douglas · Dozier · Duncanville · Dutton

E

East Brewton · East Tallassee · Eastaboga · Echola · Eclectic · Edwardsville · Eight Mile · Elba · Elberta · Eldridge · Elkmont · Elmore · Elrod · Emelle · Empire · Ensley · Enterprise · Epes · Equality · Estillfork · Ethelsville · Eufaula · Eutaw · Eva · Evergreen · Excel

F

Fackler · Fairfield · Fairhope · Falkville · Faunsdale · Fayette · Fitzpatrick · Five Points · Flat Rock · Flomaton · Florala · Florence · Foley · Forest Home · Forestdale · Forkland · Fort Davis · Fort Deposit · Fort Mc Clellan · Fort Mitchell · Fort Payne · Fort Rucker · Fosters · Franklin · Frankville · Frisco City · Fruitdale · Fruithurst · Ft McClellan · Fulton · Fultondale · Furman · Fyffe

G

Gadsden · Gainestown · Gainesville · Gallant · Gallion · Gantt · Garden City · Gardendale · Gaylesville · Geneva · Georgiana · Geraldine · Gilbertown · Glen Allen · Glencoe · Glenwood · Good Hope · Goodsprings · Goodwater · Goodway · Gordo · Gordon · Gordonville · Goshen · Grady · Graham · Grand Bay · Grant · Graysville · Green Pond · Greensboro · Greenville · Grove Hill · Groveoak · Gu-Win · Guin · Gulf Shores · Guntersville · Gurley

H

Hackleburg · Haleyville · Hamilton · Hammondville · Hampton Cove · Hanceville · Hardaway · Harpersville · Hartford · Hartselle · Harvest · Hatchechubbee · Havana · Hayden · Hayneville · Hazel Green · Headland · Heath · Heflin · Helena · Henagar · Higdon · Highland Home · Highland Lake · Hillsboro · Hodges · Hokes Bluff · Hollins · Holly Pond · Hollytree · Hollywood · Holy Trinity · Homewood · Honoraville · Hoover · Hope Hull · Horn Hill · Horton · Houston · Hueytown · Huntsville · Hurtsboro · Huxford · Hytop

I

Ider · Indian Springs · Indian Springs Village · Irondale · Irvington

J

Jachin · Jack · Jackson · Jacksons Gap · Jacksonville · Jasper · Jefferson · Jemison · Jones · Joppa

K

Kansas · Kellerman · Kellyton · Kennedy · Kent · Killen · Kimberly · Kinsey · Kinston · Knoxville

L

Laceys Spring · Lafayette · Lake View · Lakeview · Lanett · Langston · Lapine · Lavaca · Lawley · Leeds · Leesburg · Leighton · Lenox · Leroy · Lester · Letohatchee · Level Plains · Lexington · Lillian · Lincoln · Linden · Lineville · Lisman · Little River · Littleville · Livingston · Loachapoka · Lockhart · Locust Fork · Logan · Louisville · Low Peach Tre · Lower Peach Tree · Lowndesboro · Loxley · Luverne · Lynn

M

Madison · Mafb Gun Annx · Magazine · Magnolia · Magnolia Springs · Malcolm · Malvern · Maplesville · Marbury · Margaret · Marion · Marion Junction · Mathews · Maxwell AFB · Maxwell AFB Gunter Annex · Maylene · Mc Calla · Mc Cullough · Mc Intosh · Mc Kenzie · Mc Shan · Mc Williams · McCullough · McKenzie · Meadowbrook · Megargel · Melvin · Mentone · Meridianville · Mexia · Midfield · Midland City · Midway · Millbrook · Millerville · Millport · Millry · Minter · Mobile · Monroeville · Montevallo · Montgomery · Montrose · Moody · Mooresville · Morris · Morvin · Moulton · Moundville · Mount Hope · Mount Meigs · Mount Olive · Mount Vernon · Mountain Brook · Mulga · Munford · Muscadine · Muscle Shoals · Myrtlewood

N

Nanafalia · Natural Bridge · Nauvoo · Nectar · Needham · New Brockton · New Castle · New Hope · New Market · New Site · Newbern · Newell · Newton · Newville · Normal · North Courtland · Northport · Notasulga

O

Oak Grove · Oak Hill · Oakman · Odenville · Ohatchee · Old Memphis · Oneonta · Onycha · Opelika · Opp · Orange Beach · Orrville · Owens Cross Roads · Oxford · Ozark

P

Paint Rock · Palmerdale · Panola · Pansey · Parrish · Pelham · Pell City · Pennington · Perdido · Perdido Beach · Perdue Hill · Perote · Peterman · Peterson · Petrey · Phenix City · Phil Campbell · Pickensville · Piedmont · Pike Road · Pinckard · Pine Apple · Pine Hill · Pine Level · Pine Ridge · Pinson · Pisgah · Pittsview · Plantersville · Pleasant Grove · Point Clear · Powell · Prairie · Prattville · Prichard · Princeton · Providence

Q

Quinton

R

Ragland · Rainbow City · Rainsville · Ralph · Ramer · Ranburne · Randolph · Range · Red Bay · Red Level · Reform · Rehobeth · Remlap · Repton · River Falls · Riverside · Roanoke · Robertsdale · Rockford · Rogersville · Rosa · Russellville · Rutledge · Ryland

S

Safford · Saginaw · Saint Elmo · Saint Florian · Saint Stephens · Salem · Salipta · Saltaire · Samantha · Samson · Sand Rock · Sandrock · Sanford · Saraland · Sardis · Sardis City · Satsuma · Sawyerville · Sayre · Scottsboro · Seale · Section · Selma · Seminole · Semmes · Shannon · Sheffield · Shelby · Shiloh · Shoal Creek · Shorter · Shorterville · Silas · Siluria · Silverhill · Sipsey · Skipperville · Slocomb · Smiths · Smiths Station · Snead · Snow Hill · Somerville · South Vinemont · Southside · Spanish Fort · Spring Garden · Springville · Sprott · Spruce Pine · Stanton · Stapleton · Steele · Sterrett · Stevenson · Stewart · Stockton · Sulligent · Sumiton · Summerdale · Sunflower · Susan Moore · Sweet Water · Sycamore · Sylacauga · Sylvan Springs · Sylvania

T

Talladega · Talladega Springs · Tallassee · Tanner · Taylor · Theodore · Thomaston · Thomasville · Thorsby · Tibbie · Titus · Toney · Town Creek · Townley · Toxey · Trafford · Trenton · Triana · Trinity · Troy · Trussville · Tuscaloosa · Tuscumbia · Tuskegee · Tuskegee Institute · Tyler

U

Union · Union Grove · Union Springs · Uniontown · Uriah

V

Valhermoso Springs · Valley · Valley Grande · Valley Head · Vance · Vandiver · Verbena · Vernon · Vestavia · Vestavia Hills · Vina · Vincent · Vinegar Bend · Vinemont · Vredenburgh

W

Wadley · Wagarville · Waldo · Walker Springs · Walnut Grove · Ward · Warrior · Waterloo · Watson · Wattsville · Waverly · Weaver · Webb · Wedowee · Wellington · Weogufka · West Blocton · West Greene · West Jefferson · West Point · Westover · Wetumpka · Whatley · Whistler · Wilmer · Wilsonville · Wilton · Winfield · Wing · Woodland · Woodstock · Woodville

Y

Yellow Bluff · York

HUD’s list of approved HECM Counselors in Alabama. Counseling is mandatory in all states for those who wish to get a HECM loan.

HECM Counseling Agency Roster as of 06/05/2013
(5 records were selected, 5 records displayed.)
Name Agency ID Address Phone Web Site
CCCS OF CENTRAL ALABAMA 81615 SUITE 100
1401 20TH ST S
BIRMINGHAM,  AL  35205-4913
(205) 251-1572 http://www.gway.org
CCCS OF MOBILE 81453 MOBILE, AL 36691-1068
PO BOX 91068
MOBILE,  AL  36691-1068
(251) 602-0011 http://www.cccsmobile.org
COMMUNITY ACTION PARTNERSHIP OF NORTH ALABAMA, INC. 82231 1909 CENTRAL PKWY SW
DECATUR,  AL  35601-6822
(256) 355-7843 http://www.capna.org
HALE EMPOWERMENT AND REVITALIZATION ORGANIZATION (HERO) 83842 1120 MAIN STREET
GREENSBORO,  AL  36744-1516
(334) 624-0842 http://www.herohousing.org
MOBILE HOUSING BOARD 80204 151 S CLAIBORNE ST
MOBILE,  AL  36602-2323
(251) 434-2205 http://www.mhb.gov
CHRISTENSEN FINANCIAL INC
1957 HOOVER CT STE 326
HOOVER, AL 35226
JEFFERSON County
Title II
Approval Date: Apr 29, 2009 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (407) 869-0008 FAX Number: (407) 869-0018
E-Mail Address: [email protected]
Anchor
DITECH MORTGAGE CORP
525 S RANDOLPH AVE # 4
EUFAULA, AL 36027
BARBOUR County
Title II
Approval Date: Jun 03, 2011 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (866) 480-4715 FAX Number: (866) 931-7859
E-Mail Address: [email protected]
Anchor
FIRSTBANK
3500 BLUE LAKE DR STE 32
VESTAVIA, AL 35243
JEFFERSON County
Title II
Approval Date: May 20, 2011 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (205) 271-1210 FAX Number: (205) 271-1230
E-Mail Address: [email protected]
Anchor
HOMETOWN LENDERS LLC
242 PEACE CHURCH RD
WETUMPKA, AL 36093
ELMORE County
Title II
Approval Date: Jun 19, 2007 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (334) 567-4223 FAX Number: (877) 395-9876
E-Mail Address: [email protected]
Anchor
HOMETOWN MORTGAGE SERVICES
5511 HIGHWAY 280 STE 210
BIRMINGHAM, AL 35242
SHELBY County
Title II
Approval Date: Jan 10, 2000 [81 Areas Approved for Business]
HECM: Yes Originates 203K: Yes
Telephone: (205) 980-7285 FAX Number: (205) 980-0618
E-Mail Address: [email protected]
Anchor
HOMETOWN MORTGAGE SERVICES
1635 MCFARLAND BLVD N STE 503
TUSCALOOSA, AL 35406
TUSCALOOSA County
Title II
Approval Date: Mar 10, 2010 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (205) 282-4760 FAX Number: (205) 409-7830
E-Mail Address: [email protected]
Anchor
NETWORK FUNDING LP
248 INVERNESS CENTER DR
BIRMINGHAM, AL 35242
SHELBY County
Title II
Approval Date: Apr 22, 2005 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (205) 995-7283 FAX Number: (888) 250-1797
E-Mail Address: [email protected]
Anchor
OPEN MORTGAGE LLC
2404 RAINBOW DR
GADSDEN, AL 35901
ETOWAH County
Title II
Approval Date: Jan 06, 2012 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (256) 458-3577 FAX Number: (256) 549-0489
E-Mail Address: [email protected]
Anchor
REVERSE MORTGAGE USA, INC
1 PERIMETER PARK S STE 100N
BIRMINGHAM, AL 35243
JEFFERSON County
Title II
Approval Date: Jun 27, 2011 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (800) 748-1184 FAX Number: (512) 342-9609
E-Mail Address: [email protected]
Anchor
SOUTHWEST FUNDING LP
1290 MAIN ST STE A
DAPHNE, AL 36526
BALDWIN County
Title II
Approval Date: Sep 26, 2007 [81 Areas Approved for Business]
HECM: Yes Originates 203K: No
Telephone: (214) 221-5215 FAX Number: (214) 221-5470
E-Mail Address: [email protected]