Alabama Reverse Mortgage Lenders

Top Alabama Reverse Mortgage Lender Near You
Reverse Mortgage Product Options in Alabama
HomeForLife | HECM | |
Traditional Reverse Mortgage (Reverse Mortgage 101) |
Yes | Yes |
Refinance Existing Reverse Mortgage with Another (HECM to HECM) |
Yes | Yes |
Purchase a Home with a Reverse Mortgage (HECM for Purchase) |
Yes | Yes |
Minimum Age for Eligibility in AL | 55 | 62 |
Get Your Quote → | Get Your Quote → |
Reverse Mortgage Interest Rates in Alabama
As of today, the 10-year CMT index is trading at 4.50%. Reverse mortgage interest rates adjust weekly on Tuesdays, so the next adjustment date will be Tuesday, June 10, 2025. (Updated 7 June 2025)
The projected index for next week is 4.50%, compared to this week’s index, which is 4.50%. This means that rates are projected to be between 6.25% and 7.00%.
Click to learn more about Reverse Mortgage Interest Rates (& how they affect you) →
Local Reverse Mortgage Lenders in Alabama
Although South River Mortgage originates loans all across the country, we do maintain a local presence in Alabama. We have a resident agent location at 2 North Jackson Street, Suite 605, Montgomery, AL 36104. Get Your Quote →
HUD also maintains a list of local lenders. Get Your Quote →
Reverse Mortgage Loan Origination Statistics in Alabama
We have pulled together a number of useful reverse mortgage loan statistics for AL. These loan origination statistics are put together below as a courtesy, and as such, we cannot make any guarantees about the accuracy of the information.
Note that this data was sourced from a proprietary data set, so it includes loans outside of the FHA HECM loans listed on the HECM Portfolio Snapshot.
Reverse Mortgages in Alabama
Download the dataset (anonymized) as a CSV file
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Average Reverse Mortgage Home Values in Alabama
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Reverse Mortgage Interest Rates in Alabama
Download the dataset (anonymized) as a CSV file
State Regulator & Licensing in Alabama
Make sure you are working with a licensed mortgage lender in Alabama. South River Mortgage maintains approval with Alabama and holds the Consumer Credit License 23178.
County-Specific Loan Information in Alabama
Alabama has 33, and each county has its own specifics. We have compiled county-by-county loan statistics and information, whether you are looking for a reverse mortgage or just curious about loan origination activity. Kindly note that this information is provided on a best-efforts basis – and while we do as much quality control work as possible – we make no guarantees to the accuracy of loan statistical information provided
Choose any county to learn more about reverse mortgages in that area:
- Autauga County
- Baldwin County
- Blount County
- Calhoun County
- Clarke County
- Cleburne County
- Coffee County
- Colbert County
- Cullman County
- DeKalb County
- Etowah County
- Franklin County
- Henry County
- Houston County
- Jackson County
- Jefferson County
- Lauderdale County
- Limestone County
- Macon County
- Madison County
- Marengo County
- Marshall County
- Mobile County
- Montgomery County
- Morgan County
- Pike County
- Russell County
- St. Clair County
- Shelby County
- Talladega County
- Tallapoosa County
- Tuscaloosa County
- Walker County