Compare North Carlolina's Best Reverse Mortgages
Top 10 Reverse Mortgage Lenders in North Carolina
|Lender Name||Company Start Date||Lender Rating||Review Stars (0-5.0)||% of Positive Reviews||# of Complaints Last 3 Yrs.|
|All Reverse Mortgage, Inc. of North Carolina||15||A+||5.0||99%||2|
|American Advisors Group (AAG)||14||A-||4.1||82%||50|
|Longbridge Financial, LLC||6||A+||3.5||70%||2|
|Reverse Mortgage Funding LLC||6||A+||3.0||60%||8|
|One Reverse Mortgage, LLC (Quicken Loans Inc.)
|Liberty Home Equity Solutions, Inc.||15||A+||2.1||42%||2|
|Synergy One Lending, Inc. (Retirement Funding Solutions)||9||A+||(N/A)||(N/A)||1|
|Fairway Independent Mortgage Corporation||23||A+||2.1||42%||21|
|Finance of America Reverse LLC||15||A+||1.0||20%||2|
All Reverse Mortgage® is proud to be North Carolina's #1 Rated Reverse Mortgage Lender by the BBB with a Perfect 5.0 Stars and A+ Exemplary Rating. We currently lend in 16 states including all of North Carolina.
All Reverse Mortgage was incorporated November 2004 and as the name implies, the only loan product that All Reverse Mortgage® originates is in fact, the reverse mortgage.
We’re committed to be your lender because you deserve the best rate at the lowest price possible.
We’re a HUD Approved direct lender lending the national HECM programs and offer a suit of Non-FHA & Jumbo Reverse Mortgage to better suit homeowners in NC with higher value homes over the national 2019 lending limit of $726,525.
We welcome you to compare our reviews and our lower rates and closing costs to any other major lender! The difference is clear, and we can’t wait to show you.
North Carolina Reverse Mortgage Facts
|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®
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 lower Principal Limits as they relate to home values, though, so not all borrowers are best served with the jumbo programs available.
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 for the future as well.
North Carolina Lending Limits
The Tar Heel state has a population of 10,383,620 and 613,069 of those people are homeowners age 62 and older, which means more than five hundred thousand people may be eligible for a reverse mortgage.
The median home value in North Carolina is $171,200, which is much lower than the HECM reverse mortgage lending limit of $726,525.
The Old North State was a part of one of the 13 colonies along with the area that is now South Carolina. The colony was known as the Province of Carolina. Like many of the original colonies, the area was home to Native Americans in its early days.
Fast forward through the colonial period, the Revolutionary War and the Civil War to present day, and 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. Call Toll Free (800) 565-1722 – Or try ARLO™ our revolutionary reverse mortgage calculator that offers side-by-side program comparisons, real-time interest rates and expert recommendations.
Other Areas of Interest in North Carolina
North Carolina 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:
Top 10 Lender Reviews & Ratings
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 program benefits that you won't find elsewhere:
|Exclusive 3.68% (5.25% APR) Fixed Rate for Life|
|Government Insured & Jumbo Proprietary Programs|
|Flexible Credit Lines from 2.98% 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!"|