FirstBank Reverse Mortgage
Reverse mortgages, also known as Home Equity Conversion Mortgages, are often misunderstood or have mixed reactions. Here at FirstBank, we want to provide facts and help inform others about reverse mortgages, so that we can help more people get to a better place.
Credit Unions & Banks
As a banking professional and a Credit Union employee, you can certainly understand the value of a relationship to help your member and banking customer. We offer several different ways to work with us to help your client. Please click on either of the two links below to contact us further, or to send us a scenario to evaluate.
Become a Partner
TPO relationships exist to allow others entities to participate in reverse mortgage loans in FHA transactions. To find out if this is the right relationship for you, or to establish a partner relationship with FirstBank, please complete the form below to contact us further.
Here at FirstBank we are committed to enriching the lives of our customers, clients and partners. Any questions that you have you can address to us by filling out the form or by calling us at the number below.
FirstBank is a TN State chartered Depository Bank regulated by the TDFI and the FDIC. A Reverse Mortgage is an FHA-insured loan. Homeowners must be 62 years of age of older and live in the home as their primary residence. Homes must meet FHA/HUD minimum property standards. Borrowers must maintain hazard and flood insurance premiums, property taxes, utilities and make any property repairs. Although there are no monthly principal and interest mortgage payments, interest accrues on the portion of the loan amount disbursed. Reverse mortgages can use up all or some of the equity in your home and the amount you owe on a reverse mortgage will increase over time. Loan must meet underwriting requirements. Program rates, fees, terms and conditions are not available in all states and subject to change. FirstBank Mortgage is a division of FirstBank. All products and services offered through FirstBank NMLS# 472433. This document is advertising by FirstBank and is not from FHA/HUD. This document is not approved by any government agency. A reverse mortgage is a loan. ©FB FirstBank-3500 Blue Lake Dr., Ste 325, Birmingham, AL 35243