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 9 reverse mortgage specialists in Concord, 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.
Novus Custom Mortgage Group- Concord
785 Davidson Dr NW, Concord, NC 28025
7047968252
Terry Whitesell | Novus Home Mortgage Sales Manager
845 Church St N # 310, Concord, NC 28025
7042674086
Brandie Jackson, Loans & Homes
41 Union St S Suite B, Concord, NC 28025
7049979776
Jocelyn Jackson | Novus Home Mortgage Loan Officer
845 Church St N # 310, Concord, NC 28025
7049952826
Homeowners Financial Group
1028 Lee-Ann Dr NE #216, Concord, NC 28025
9806167700
Empower Home Loans
78 Buffalo Ave NW Ste 202, Concord, NC 28025
7577614153
Bruce Lawing | Novus Home Mortgage Branch Manager
845 Church St N # 310, Concord, NC 28025
7047968252
The Gilmore Team | Novus Home Mortgage
785 Davidson Dr NW, Concord, NC 28025
7048150715
Brian B Floyd | Fairway Independent Mortgage Corporation Loan Officer
845 Church St N Suite 310 & 311, Concord, NC 28025
7047016157
What Does a Reverse Mortgage Specialist in Concord Cost?
Typical costs for a reverse mortgage specialist in North Carolina include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent upfront plus 0.5 percent annually, and appraisal fees ranging from 400 to 600 dollars. Closing costs may add 2,000 to 5,000 dollars. These costs vary by loan amount and property value. This is general information, 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 age requirements for a reverse mortgage in Concord North Carolina?
Borrowers must be at least 62 years old. The youngest borrower on the title must meet this age requirement. North Carolina law follows federal HECM guidelines for age eligibility.
Do I need counseling before getting a reverse mortgage in North Carolina?
Yes, North Carolina requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session covers loan terms, costs, and alternatives. The counselor must be independent from the lender.
What property types qualify for a reverse mortgage in Concord North Carolina?
Qualifying properties include single-family homes, HUD-approved condominiums, and manufactured homes that meet FHA standards. The property must be the borrower's primary residence. North Carolina does not allow reverse mortgages on mobile homes unless they are permanently affixed.