
Alcova Mortgage Reverse Mortgage
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Alcova Mortgage Reverse Mortgage Review
Alcova Mortgage Reverse Mortgage is offered by Alcova Mortgage LLC (NMLS #40508), a direct lender founded in 2003 and based in Roanoke, VA. Alcova Mortgage Reverse Mortgage are available in 13 states (and Washington, DC).
Alcova Mortgage Reverse Mortgage FAQ
What types of reverse mortgages does Alcova Mortgage Reverse Mortgage offer?
Alcova Mortgage Reverse Mortgage allows borrowers to apply for the following types of reverse mortgage.
Lump sum. The borrower can access the entire amount immediately. However, you will need to pay interest on the entire amount regardless of whether you spend it.
Monthly disbursement. With this option, you get a monthly allowance. This is a good option if you need an additional source of income to cover your living expenses. It can be used in combination with a line of credit for additional flexibility.
What fees does Alcova Mortgage Reverse Mortgage charge for a reverse mortgage?
Alcova Mortgage Reverse Mortgage may charge a loan origination fee.
What types of property can you use as security for a reverse mortgage with Alcova Mortgage Reverse Mortgage?
Lenders often have restrictions on the type of properties they will accept as security for a reverse mortgage. Alcova Mortgage Reverse Mortgage will consider lines of credit secured by the following property types:
- Primary home
Contact
- Headquarters
-
305 Market Street SE
Roanoke, VA 24011 USA - (855) 461-5268
- Visit Site
- Email Support
Other Services by Alcova Mortgage LLC
Availability
- Alabama
- Colorado
- Florida
- Georgia
- Kentucky
- Maryland
- North Carolina
- Ohio
- Pennsylvania
- South Carolina
- Tennessee
- Virginia
- Washington, DC
- West Virginia
Feature Breakdown
Immigration Status Considered |
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Intended Use | Primary Home |
Minimum Age | 62 |
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