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 State Mortgage Licensing Authority of North Carolina before hiring.
Showing 15 reverse mortgage specialists in Asheboro, 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.
Mariner Finance
1220 E Dixie Dr Unit A, Asheboro, NC 27203
(336) 633-1690
locations.marinerfinance.com
Chloe Joines Brewer - Integrity Mortgage Group
191 NC 42 ste h, Asheboro, NC 27203
(336) 964-4983
integritymtgs.com
Atlantic Bay Mortgage Group - Zalma Perrins
1001 Sunset Ave, Asheboro, NC 27203
(336) 840-5594
atlanticbay.com
Eric Ceneskie and the Dream Team at ALCOVA Mortgage Asheboro
141 Worth St unit b2, Asheboro, NC 27203
(843) 343-2650
alcova.com
Lendmark Financial Services LLC
1510 E Dixie Dr Suite L, Asheboro, NC 27203
(336) 521-7201
lendmarkfinancial.com
CrossCountry Mortgage, LLC
1025 Sunset Ave, Asheboro, NC 27203
(336) 964-2537
crosscountrymortgage.com
CrossCountry Mortgage - Kathy Moore
1025 Sunset Ave, Asheboro, NC 27203
(336) 964-2537
closingwithkathy.com
What Does a Reverse Mortgage Specialist in Asheboro 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 for appraisal title and recording. These costs can total 3000 to 8000 dollars depending on the home value and loan type. 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 is a reverse mortgage specialist in Asheboro North Carolina?
A reverse mortgage specialist is a licensed professional who helps homeowners aged 62 and older obtain a reverse mortgage. In Asheboro, these specialists guide clients through the HUD-approved counseling requirement and explain loan terms specific to North Carolina law.
Who is eligible for a reverse mortgage in Asheboro North Carolina?
To qualify for a reverse mortgage in Asheboro you must be at least 62 years old and own your home outright or have a small remaining mortgage. North Carolina law also requires that you receive mandatory counseling from a HUD-approved counselor before applying.
Are reverse mortgage proceeds taxable in North Carolina?
Reverse mortgage proceeds are not considered taxable income by the IRS or the state of North Carolina. However, interest on the loan is not deductible until the loan is repaid. Consult a tax professional for your specific situation.