Welcome to FirstBank
We hope you’ll join the thousands of homeowners across the US who have turned their home equity into cash with our reverse mortgage services.
Reverse Mortgage Service
A reverse mortgage allows you to convert the equity in your home into a liquid asset, giving you the cash and freedom to do the things you’ve always wanted to do. There’s no minimum credit score obligation, and you’ll have peace-of-mind knowing our reverse mortgage products are backed by the Federal Housing Authority (FHA). Our Reverse Mortgage Specialists will guide you step-by-step through the reverse mortgage process.
At FirstBank, the customer is our number one priority. As a business with a local focus, we want to help members of the community with their financial needs. We’ve been in business since 1906, and we still believe in providing good old-fashioned customer service. We are FDIC insured, we maintain an A+ BBB rating, and someone is always available to answer your questions. We are the most reputable resource for your mortgage needs!
Watch Ed O’Connor discuss Reverse Mortgages on The Balancing Act® on Lifetime TV®
Get Your FREE
Enter your info below and we’ll provide you with a free informational packet.
Currently Owned Homes
New Home Purchases
FREQUENTLY ASKED QUESTIONS
What is a Reverse Mortgage?
Most Reverse Mortgages are formally known as a Home Equity Conversion Mortgages. These mortgages are sponsored and insured by the Federal Housing Authority (FHA) and the Department of Housing and Urban Development (HUD). A Reverse Mortgage or HECM, allows the borrower to access equity into tax free proceeds that do not require a monthly mortgage payment.
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