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Directory of reverse mortgage specialists in Shelby, North Carolina. Verify credentials with the state mortgage licensing authority before hiring.
6 agents listed
Updated May 2026
Shelby, 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 Shelby, 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.
National Finance Company
1606 E Dixon Blvd D, Shelby, NC 28150
7044821464
Mathewson Mortgage Capital LLC
649 S Post Rd, Shelby, NC 28152
7049413064
Homestar Financial Corporation
824 S Dekalb St, Shelby, NC 28150
7044822588
M & J Loans of Shelby, Inc
409 S Lafayette St, Shelby, NC 28150
7044874141
Right By You Mortgage
331 S Lafayette St Suite 200, Shelby, NC 28150
7044824580
PNC Mortgage
131 N Lafayette St, Shelby, NC 28150
7044805200
A reverse mortgage specialist in Shelby North Carolina helps 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 HECM. Specialists guide clients through the process and explain how the loan affects estate planning and local property tax deferral programs.
What Does a Reverse Mortgage Specialist in Shelby Cost?
Typical costs for a reverse mortgage in North Carolina include an origination fee up to 2 percent of the home value capped at 6000 dollars. Third-party fees such as appraisal title insurance and recording fees range from 2000 to 4000 dollars. The upfront mortgage insurance premium is 2 percent of the appraised value. Annual mortgage insurance is 0.5 percent of the loan balance. These costs are financed into the loan not paid out of pocket. 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 Shelby North Carolina?
Borrowers must be at least 62 years old. If married, a non-borrowing spouse under 62 may have protections under HUD rules updated in 2014.
Do I need counseling before getting a reverse mortgage in North Carolina?
Yes federal law requires HUD-approved counseling for all HECM loans. North Carolina does not add extra counseling requirements but counselors must be licensed in the state.
Can a reverse mortgage affect my eligibility for Medicaid in North Carolina?
Yes loan proceeds count as assets. If you keep cash from the loan in a bank account it may affect Medicaid eligibility. A specialist can explain how to structure payments to avoid this issue.
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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.