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 13 reverse mortgage specialists in Chapel Hill, 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.
Carolina Ventures Mortgage
1506 E Franklin St Suite 300, Chapel Hill, NC 27514
(919) 260-6020
carolinaventures.com
Carolina Home Mortgage 39862
The Center 1, 1506 E Franklin St, Chapel Hill, NC 27514
(919) 306-4840
carolinahomemortgage.com
Tyler Priest Loan Officer with Towne Mortgage of the Carolinas
1600 E Franklin St, Chapel Hill, NC 27514
(919) 523-0925
Scott Mulder at Prosperity Home Mortgage - Chapel Hill
404 Meadowmont Village Cir, Chapel Hill, NC 27517
(919) 819-5636
phmloans.com
Daniel Casey Shedrick Jr at Prosperity Home Mortgage - Chapel Hill
1520 E Franklin St, Chapel Hill, NC 27514
(919) 891-5634
dshedrick.phmloans.com
Nancy Osborne Movement Mortgage NMLS#455364
101 Cosgrove Ave #200, Chapel Hill, NC 27514
(919) 607-8739
Robby Oakes Mortgage Team at CIMG
1300 Environ Way, Chapel Hill, NC 27517
(919) 525-3660
robbyoakes.com
Independent Advantage Mortgage, LLC
1525 E Franklin St # 4, Chapel Hill, NC 27514
(919) 948-6878
iamortgage.com
Erika Griffin CIMG Residential Mortgage
1300 Environ Way, Chapel Hill, NC 27517
(919) 929-6116
cimginc.com
Scott Alexander Collie - Truist Mortgage Loan Officer
1414 Raleigh Rd, Chapel Hill, NC 27517
(919) 932-4201
truist.com
What Does a Reverse Mortgage Specialist in Chapel Hill Cost?
Typical costs for a reverse mortgage in North Carolina include an origination fee up to 2% of the homes value (capped at $6,000), a mortgage insurance premium of 2% of the appraised value, and third-party costs such as appraisal ($400-$600) and title search ($500-$800). Total closing costs often range from $8,000 to $15,000. These costs can be financed into the loan. 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 do in Chapel Hill?
A reverse mortgage specialist helps homeowners evaluate eligibility, understand loan terms, and complete required counseling. They coordinate with lenders and ensure compliance with North Carolina regulations, including the three-day rescission period after loan closing.
Are there age requirements for a reverse mortgage in North Carolina?
Yes, the borrower must be at least 62 years old. For a HECM loan, all borrowers listed on the title must meet this age requirement. North Carolina follows federal HUD guidelines for this rule.