Top 10 Reverse Mortgage Lenders in North Carolina

All Reverse Mortgage, Inc. (ARLO™) is proud to be North Carolina's #1 Rated Reverse Mortgage Lender celebrating 18 Years of excellence. We are the only NC company awarded an A+ Rating by the BBB with perfect 5-Star Reviews.  

Since we started in 2004, our goal has remained simple: to offer the best terms with unbeatable customer service.

We are HUD Approved and offer a full suite of HECM & Jumbo Reverse Mortgages.

Compare our competitive rates and lower costs to any competitor and realize thousands more from your home’s equity!

The difference is clear, and we can’t wait to show you!

HUD Approved Direct Lender

All Reverse Mortgage, Inc. (ARLO™) is approved with the Department of Housing and Urban Development (HUD) to originate, underwrite and close the HUD Home Equity Conversion Mortgage (HECM, or "Heck-um"). The HECM is HUD's acronym for their reverse mortgage loan.

All Reverse Mortgage, Inc. (ARLO™) originates in North Carolina and closes both refinance loans, where borrowers already own their home and are looking to either pay off their existing loan and have no more monthly mortgage payment, utilize their equity for other purposes if they have no existing loan, or possibly a combination of both.

About All Reverse Mortgage® of North Carolina

The owners and management of All Reverse were part of the team that wrote and sold the first fixed rate jumbo reverse mortgage in 2008 and as such, have extensive experience in jumbo or proprietary loan programs as well.

We are always looking for new products to offer to borrowers of high valued homes in the higher home priced markets that the HUD HECM may just not serve as well. Jumbo or proprietary programs typically offer much lower Principal Limits as they relate to values though so not all borrowers are better served with the jumbo programs.

Only a seasoned originator can readily inform borrowers which program will best suit their needs and the positives and negatives of each so that the borrower can make an informed decision.

It is no longer uncommon anywhere in the country for a market to be a solid HUD HECM market and then within just a short distance for a niche jumbo market to be located where there is a need for a jumbo program.

Therefore, homeowners aged 62 and above in all markets have seen that the reverse mortgage can be a very solid financial tool, and many are now seeking the reverse mortgage to augment their retirement plans and not so much the mortgage of last resort.

Everything from the elimination of existing mortgage payments to the line of credit that grows make reverse mortgage borrowers understand that this program allows them to utilize their homes to not only live comfortably in their family home, but to plan as well.

North Carolina Lending Limits

The “Tar Heel State” has a population of 10,488,084 and 667,501 of those people are homeowners aged 62 and older. That means that the state contains well over a half-million potential reverse mortgage beneficiaries.

The average home value in North Carolina is $208,001, which is well below the HECM reverse mortgage lending limit of $970,800.

Originally separating from its southern counterpart during the colonial period in 1729, North Carolina was one of the original 13 colonies that formed the original United States of America upon separation from Great Britain on July 4, 1776 with the writing of the Declaration of Independence. Cotton and tobacco emerged as the state’s major crops at the dawn of the 19th century, which may have motivated the state’s position in the American Civil War.

In May of 1861, North Carolina became one of the final states to secede from the Union and join the insurgent Confederate States of America, and an approximate 125,000 North Carolinians served in the Confederate Army. The state also had the highest number of Confederate casualties when compared with the other states in the Confederacy, as it lost 20,000 of its troops in battle and an additional 25,000 to disease. Even after the Confederacy was defeated and North Carolina was readmitted to the Union, political difficulties and infighting would continue to plague the state well into the 1900s.

Left impoverished by the Civil War and severely impacted by the Great Depression of the 1920s and 1930s, scholars credit the New Deal programs of President Franklin Roosevelt with revitalizing the farming industry in the state and leading to the expansion of major cities in the area like Raleigh, Charlotte and Durham.

By the 1990s, North Carolina had become a major location for the banking industry while also enjoying a surge in tourism, primarily led by the Appalachian Mountains.

North Carolina has an extremely diverse economy. This is mainly due to the state’s access to hydroelectric power as well as its neutral climate, which can maintain different soil varieties for many different types of agriculture.

The state leads its region of the country in terms of its agriculture. More specifically it is known for its production of tobacco, textiles and furniture.

North Carolina also has numerous state parks including Bay Tree State Park, Carvers Creek, Chimney Rock and Gorges.

If you reside in North Carolina,All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions.

Other Areas of Interest in North Carolina