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 6 reverse mortgage specialists in Salisbury, 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
807A Jake Alexander Blvd S, Salisbury, NC 28147
(704) 636-8641
locations.marinerfinance.com
Regional Finance
811 Jake Alexander Blvd S, Salisbury, NC 28147
(704) 797-0419
branches.regionalfinance.com
Lendmark Financial Services LLC
850 Jake Alexander Blvd W G, Salisbury, NC 28147
(704) 317-1000
lendmarkfinancial.com
Home Realty and Mortgage
1620 Martin Luther King Jr Ave S Suite 101, Salisbury, NC 28144
(704) 633-2900
homerealtyandmortgage.com
What Does a Reverse Mortgage Specialist in Salisbury Cost?
Typical costs for a reverse mortgage specialist in North Carolina include an origination fee of up to $6,000 or 2 percent of the home value whichever is lower. Third-party costs like appraisal title insurance and recording fees range from $2,500 to $5,000. The upfront mortgage insurance premium is 2 percent of the home value. These costs are usually 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 are the age requirements for a reverse mortgage in Salisbury North Carolina?
You must be at least 62 years old to qualify for a reverse mortgage in Salisbury. All borrowers named on the title must meet this age requirement. The home must be your primary residence.
Is counseling required for a reverse mortgage in North Carolina?
Yes North Carolina law requires you to complete a counseling session with a HUD-approved counselor before you can apply for a reverse mortgage. The counselor explains the loan terms costs and alternatives. You receive a certificate that is valid for 180 days.
What property types qualify for a reverse mortgage in Salisbury?
Single-family homes and FHA-approved condominiums qualify in Salisbury. Manufactured homes built after June 15 1976 on a permanent foundation may also qualify. The property must meet HUD minimum property standards.