Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the North Carolina before hiring.
Showing 12 reverse mortgage specialists in Clayton, NC
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Cornerstone Home Lending
336 E Main St, Clayton, NC 27520
9195502519
Fairway Independent Mortgage Corporation
632 Pinecroft Dr, Clayton, NC 27520
9198793040
Don Waters | Fairway Independent Mortgage Corporation Area Manager
632 Pinecroft Dr, Clayton, NC 27520
9197955622
Rob Yo The Mortgage Pro
421 E Main St Suite 101, Clayton, NC 27520
9193228201
Clayton Group - American Security Mortgage NMLS 40561
336 E Main St, Clayton, NC 27520
9196490379
Christie Latham | Fairway Independent Mortgage Corporation Branch Sales Manager
632 Pinecroft Dr, Clayton, NC 27520
9196493026
Fairway Independent Mortgage Corporation - Joe Pessolano - Branch Sales Manager - NMLS# 1420072
632 Pinecroft Dr, Clayton, NC 27520
9197500011
Karen Elaine White | Fairway Independent Mortgage Corporation Loan Officer
632 Pinecroft Dr, Clayton, NC 27520
9198793056
Motto Mortgage Quality
218 E Main St Suite 223, Clayton, NC 27520
9193528938
Shawna Clark - Mortgage Advisor - NMLS 1796866
481 E Main St, Clayton, NC 27520
7077241234
Jason Hill Motto Mortgage Quality
218 E Main St Suite 223, Clayton, NC 27520
9193528938
Christopher Flynn Motto Mortgage Quality
481 E Main St Suite 103, Clayton, NC 27520
8283036356
What Does a Reverse Mortgage Specialist in Clayton Cost?
Typical costs for a reverse mortgage in North Carolina include an origination fee of up to $6,000, a mortgage insurance premium of 2% of the homes value, and third-party costs such as appraisal and title search ranging from $500 to $2,000. Closing costs generally total between $2,000 and $8,000. These costs are usually financed into the loan. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the eligibility requirements for a reverse mortgage in Clayton North Carolina?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be the primary residence and meet HUD property standards. North Carolina also requires completion of a counseling session with a HUD-approved counselor.
How much can I borrow with a reverse mortgage in Clayton?
The amount depends on the youngest borrowers age, the homes appraised value, and current interest rates. In North Carolina, the maximum claim amount for a HECM is the Federal Housing Administrations lending limit, which is $1,089,300 for 2024. A specialist can provide a personalized estimate.
Are reverse mortgage proceeds taxable in North Carolina?
Loan proceeds from a reverse mortgage are not considered income and are not taxable. However, interest is not deductible until the loan is repaid. North Carolina does not tax the proceeds as income, but property taxes and insurance must still be paid.