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 8 reverse mortgage specialists in Shallotte, 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.
Coastal Finance Co
150 Holden Beach Rd SW #6, Shallotte, NC 28470
9107548188
Lendmark Financial Services LLC
301 S Willis Dr #116, Shallotte, NC 28470
9104484678
OneMain Financial
5051 Main St UNIT 14, Shallotte, NC 28470
9107544381
Lynn Pritchard | Fairway Independent Mortgage Corporation Loan Officer
127 Village Rd SW, Shallotte, NC 28470
9103372562
E.A. Buck Financial Services
5039 Main St #5, Shallotte, NC 28470
9107546921
Fairway Independent Mortgage Corporation
127 Village Rd SW, Shallotte, NC 28470
9105911531
DHI Mortgage
4719 Cockatoo Dr NW, Shallotte, NC 28470
8439840940
Gateway Mortgage Group
121 Holden Beach Rd SW #2, Shallotte, NC 28470
9107650230
What Does a Reverse Mortgage Specialist in Shallotte Cost?
In North Carolina, reverse mortgage costs include an origination fee up to 2 percent of the first 200,000 dollars of home value plus 1 percent of the amount above that. Other costs include an appraisal fee of 400 to 600 dollars, a mortgage insurance premium of 2 percent of the loan amount, and third-party closing costs of 500 to 1,500 dollars. These costs are typically financed into the loan. This is general information and 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 Shallotte do?
A specialist helps homeowners aged 62 and older apply for a Home Equity Conversion Mortgage. They explain loan terms, costs, and how the loan affects heirs. They also coordinate with HUD-approved counselors as required by North Carolina law.
Are there specific North Carolina rules for reverse mortgages?
Yes, North Carolina requires borrowers to complete a counseling session with a HUD-approved agency before applying. The state also limits certain fees and requires lenders to provide clear disclosures about loan obligations.
How do I choose a reverse mortgage specialist in Shallotte?
Look for specialists who are licensed in North Carolina and have experience with HECM loans. Check their credentials with the North Carolina Commissioner of Banks. Ask about their familiarity with local property values in Brunswick County.