Compare North Carlolina's Best Reverse Mortgages
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Top 10 Reverse Mortgage Lenders in North Carolina
|Lender Name||Years in Business||Stars (0-5.0)||Positive Reviews||Complaints||BBB Reviews|
|All Reverse Mortgage, Inc. (ARLO)||16||4.96||99%||1||Source|
|American Advisors Group (AAG)||16||4.01||80%||66||Source|
|HighTech Lending Inc||14||3.0||60%||0||Source|
|Fairway Independent Mortgage||24||4.97||99%||33||Source|
|Finance of America Reverse LLC (FAR)||17||1.0||20%||3||Source
|Liberty Home Equity Solutions, Inc.||17||3.0||60%||1||Source|
|Longbridge Financial LLC||8||1.90||38%||13||Source|
|Mutual of Omaha Mortgage||7||3.29||33%||10||Source|
|One Reverse Mortgage LLC (Quicken)||35||1.0||20%||3||Source|
|Reverse Mortgage Funding LLC||8||1.82||36%||12||Source|
All Reverse Mortgage® is proud to be North Carolina's #1 Rated Reverse Mortgage Lender celebrating 16 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.
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!
North Carolina Reverse Mortgage Facts
Top 10 Reverse Mortgage Cities in North Carolina by MCA (April 2020)
|State||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in North Carolina||Avg. Home Value|
HUD Approved Direct Lender
All Reverse Mortgage® 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® 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 $822,375.
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® is here to answer your questions.
Other Areas of Interest in North Carolina
NC Approved Reverse Mortgage Counseling Agencies
|Agency Name||Phone||Address||Website||Agency ID||Languages|
|CONSUMER CREDIT COUNSELING SERVICE OF WNC, INC. - DBA - ONTRACK FINANCIAL EDUCATION & COUNSELING||828-255-5166||50 S French Broad Ave|
Asheville, North Carolina 28801-3271
|NORTHWESTERN REGIONAL HOUSING AUTHORITY||828-266-9794||869 Highway 105 Ext Ste 7|
Boone, North Carolina 28607-4958
|ALLIANCE CREDIT COUNSELING, INC.||704-943-2044||10720 Sikes Pl|
Charlotte, North Carolina 28277-8141
|DURHAM REGIONAL FINANCIAL CENTER DBA DURHAM REGIONAL COMMUNITY DEVELOPMENT GROUP||919-638-4150||2634 Durham Chapel Hill Blvd Ste 214|
DURHAM, North Carolina 27707-2831
|ACTION PATHWAYS, INC||910-323-3192||316 Green St|
Fayetteville, North Carolina 28301-5028
|FOOTHILLS CREDIT COUNSELING, INC.||828-286-7062||709 W Main St|
Forest City, North Carolina 28043-2820
|CCCS OF GREATER GREENSBORO||336-373-8882||315 E Washington St|
Greensboro, NC 27401
Greensboro, North Carolina 27401-2911
|WESTERN PIEDMONT COUNCIL OF GOVERNMENTS||828-322-9191||1880 2nd Ave NW|
HICKORY, North Carolina 28601-5766
|CENTRE FOR HOME OWNERSHIP & ECONOMIC DEVELOPMENT CORPORATION||919-241-4718||105 W. Corbin Street, Suite 103|
HILLSBOROUGH, North Carolina 27278-2192
|CCCS, A DIVISION OF TRIANGLE FAMILY SERVICES, INC.||919-821-0790||3937 Western Blvd|
Raleigh, North Carolina 27606-1936
|CONSUMER EDUCATION SERVICES, INC||866-635-6414||3700 Barrett Dr|
Raleigh, North Carolina 27609-7213
|NAVICORE SOLUTIONS- RALEIGH, NC||919-233-9044||4917 Waters Edge Dr|
Raleigh, North Carolina 27606-5416
|NID-HCA MERRITT||866-347-7373||211 E. Six Forks Rd, Bldg C #108|
RALEIGH, North Carolina 27609-7745
|RALEIGH AREA DEVELOPMENT AUTHORITY, INC.||919-208-2381||4030 Wake Forest Road|
RALEIGH, North Carolina 27609-6800
|RESOURCES FOR SENIORS||919-903-1133||1110 Navaho Dr Ste 400|
Raleigh, North Carolina 27609-7369
|TELAMON CORPORATION||919-899-9911||5560 Munford Road|
RALEIGH, North Carolina 27612-2635
|SALISBURY COMMUNITY DEVELOPMENT CORPORATION||704-638-5383||1400 West Bank Street|
SALISBURY, North Carolina 28144-3912
|JOHNSTON-LEE-HARNETT COMMUNITY ACTION, INC||919-934-2145||1102 Massey St|
Smithfield, North Carolina 27577-4951
|CCCS OF FORSYTH COUNTY, INC. - MAIN OFFICE||336-896-1191||7820 North Point Boulevard, Suite 100|
WINSTON SALEM, North Carolina 27106-3299
Did you know? North Carolina state does not mandate in-person counsleing. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.Additional Resources:
Reversemortgage.org NRMLA Members in North Carolina
HUD.GOV Approved Lenders Search
Our Exclusive Programs Designed to Fit Your Needs.
All Reverse Mortgage© has consistently brought exclusive offers to our valued North Carolina homeowners. Because of our unique process we're able to offer a better federally-insured reverse mortgage with no compromise.
Take a look at some of our competitive rates that you won't find elsewhere:
|Exclusive 3.06% (4.06% APR) Fixed Rate for Life|
|Government Insured & Jumbo Proprietary Programs|
|Flexible Credit Lines from 2.23% with the Industries Lowest Lifetime Rate Exposure|
|ZERO Origination Fee Plans|
|ZERO Financed Closing Cost Plans|
|ZERO Monthly Servicing Fees on ALL programs|
How can we offer you more favorable terms?We are a direct lender approved by FHA (Federal Housing Administration) The HECM is literally all we do. All Reverse Mortgage is not just a name for us. We have a very low (almost non-existent) staff turnover and our people are experts. We don't work with Brokers, allowing us to pass the savings on to you. We don't hire "celebrity" spokespersons as we don't believe you should have to pay for a lender's expensive marketing budget with higher loan costs. We Charge Less! Check out our competition and our customer ratings. We never forget that this loan is about you and your needs and we put you first with superior service and lower costs.
All Reverse vs. the others
HUD approved direct lender.
Working with a local North Carolina lender saves you time and money.
As an award-winning direct lender our goal remains simple; to offer you the very best terms accompanied by extraordinary customer service.
What Our Customers Are Saying
|"There was no car salesman type of protracted negotiation. All reverse got right down to a good quote without a series of incremental steps."|
|"I was surprised how easy it was to deal with an out of state company. Actually it was much easier than my previous dealings with local banks and brokers"|
|"It is a wonderful feeling to have no mortgage and extra cash in our pocket. We are very happy."|
|"Thank you to All Reverse for handling everything in an efficient and smooth way. Thoroughly appreciate everything you have done to make things easy for me."|
|"This was the smoothest mortgage process I have ever experienced! And so fast!"|