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Compare Reverse Mortgage Specialists in Kannapolis, NC
Directory of reverse mortgage specialists in Kannapolis, North Carolina. Verify credentials with the state mortgage licensing authority before hiring.
6 agents listed
Updated May 2026
Kannapolis, NC
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 6 reverse mortgage specialists in Kannapolis, 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.
Lendmark Financial Services LLC
2224 Roxie Street Northeast, Kannapolis, NC 28083
9803080099
Troy Matzke - Gateway Mortgage
6001 Gateway Center Dr Ste. 103, Kannapolis, NC 28081
9807771237
Dana Walter - Gateway Mortgage
6001 Gateway Center Dr Ste. 103, Kannapolis, NC 28081
9805058023
Max Robertson - Gateway Mortgage
6001 Gateway Center Dr Ste. 103, Kannapolis, NC 28081
9805058016
Gateway Mortgage
6001 Gateway Center Dr Ste. 103, Kannapolis, NC 28081
9805058016
George Richardson, Senior Loan Officer NMLS 140896
226 Oak Ave Suites 108 & 109, Kannapolis, NC 28081
7049420152
A reverse mortgage specialist in Kannapolis, North Carolina helps homeowners aged 62 and older access home equity without monthly payments. North Carolina requires borrowers to complete a HUD-approved counseling session before obtaining a Home Equity Conversion Mortgage (HECM). This service is useful for retirees in Cabarrus County who want to supplement income or cover home repairs.
What Does a Reverse Mortgage Specialist in Kannapolis Cost?
Typical costs for a reverse mortgage in North Carolina include an origination fee of up to 2 percent of the home value (capped at $6,000), a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and credit report. Total closing costs often range from $5,000 to $15,000, depending on the home value and loan type. These costs are usually rolled into the loan balance. 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 does a reverse mortgage specialist in Kannapolis do?
A specialist guides homeowners through the HECM process, including eligibility checks, counseling requirements, and loan options. They help you understand how a reverse mortgage affects your home equity and estate. In North Carolina, the specialist must be licensed and follow state regulations on loan origination.
What are the age and property requirements for a reverse mortgage in Kannapolis?
Borrowers must be at least 62 years old and own a primary residence. The property must be a single-family home, a 2-4 unit property with one unit occupied by the borrower, or a HUD-approved condominium. Mobile homes must meet FHA standards and be on a permanent foundation.
Are reverse mortgage proceeds taxable in North Carolina?
No, reverse mortgage proceeds are not considered taxable income by the IRS or the state of North Carolina. However, interest on the loan is not tax-deductible until the loan is repaid. Consult a tax professional for your specific situation.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the North Carolina.