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Browse reverse mortgage specialists serving Monroe, North Carolina. Contact information and addresses listed below.
3 agents listed
Updated May 2026
Monroe, 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 3 reverse mortgage specialists in Monroe, 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.
Whitley Mortgage Associates Inc
121 E Phifer St A, Monroe, NC 28110
7042839465
RNA Mortgage
316 N Hayne St, Monroe, NC 28112
7048184797
Chris Johnson, Movement Mortgage
2606 W Roosevelt Blvd #5, Monroe, NC 28110
7042897942
Reverse mortgage specialists in Monroe North Carolina help homeowners aged 62 and older access home equity without monthly payments. North Carolina law requires borrowers to complete HUD approved counseling before obtaining a Home Equity Conversion Mortgage. Specialists in Union County guide clients through this process and explain local property tax implications.
What Does a Reverse Mortgage Specialist in Monroe Cost?
Typical costs for a reverse mortgage in North Carolina include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third party fees such as appraisal and title search. These fees total between 5,000 and 15,000 dollars depending on the home value. Costs are often 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 age requirements for a reverse mortgage in Monroe North Carolina?
Borrowers must be at least 62 years old. If married, the younger spouse must also be 62 to be listed on the loan. North Carolina law follows federal HUD guidelines for age eligibility.
Do I need counseling before getting a reverse mortgage in North Carolina?
Yes. North Carolina requires all borrowers to complete a HUD approved counseling session before applying. The counselor explains loan terms, costs, and alternatives. This session typically costs around 125 dollars.
What happens to the loan when I move or pass away in North Carolina?
The loan becomes due when the last borrower permanently leaves the home or passes away. Heirs have 30 days to decide to pay off the loan or sell the home. North Carolina law provides a 6 month extension if needed.
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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.