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 11 reverse mortgage specialists in Kinston, 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.
Down East Realty & Custom Homes of Kinston
1504 W New Bern Rd, Kinston, NC 28504
(252) 643-0501
dehkinston.com
Ezzell Mortgage Group
2600 W Vernon Ave, Kinston, NC 28504
(252) 523-8171
successmortgagepartners.com
Lendmark Financial Services LLC
4167 W Vernon Ave, Kinston, NC 28504
(252) 523-5161
lendmarkfinancial.com
What Does a Reverse Mortgage Specialist in Kinston Cost?
Typical costs for a reverse mortgage specialist 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 search, and recording. These fees total between 2000 and 6000 dollars on average, but the exact amount depends 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 does a reverse mortgage specialist in Kinston do?
A reverse mortgage specialist in Kinston helps seniors understand and apply for a Home Equity Conversion Mortgage. They explain loan terms, costs, and repayment rules. They also coordinate with HUD approved counselors as required by North Carolina law.
Are there age requirements for a reverse mortgage in North Carolina?
Yes. To qualify for a reverse mortgage in North Carolina, the youngest borrower must be at least 62 years old. This is a federal requirement for all Home Equity Conversion Mortgages.
What happens if I move out of my Kinston home after getting a reverse mortgage?
If you move out of your home for more than 12 consecutive months, the reverse mortgage becomes due and payable. This includes moving to a nursing home or other care facility. You or your heirs must then repay the loan or sell the home.