Reverse mortgage in North Carolina
Based on HUD's own loan records, this identifies North Carolina lenders, loan locations and counselors.
- A total of 870 HECMs closed in North Carolina over one year
- HUD counted a Median home value of $345,000
- Leader by volume: Mutual of Omaha Mortgage Most HECMs in North Carolina (238)
According to HUD's HECM data, North Carolina recorded 870 closed reverse mortgages between September 2025 and August 2026, 3.5% of the 24,529 recorded nationwide and seventh among the 50 states and DC.
Among these loans, 54 bought a home through HECM for Purchase, 65 of them refinanced an older HECM, 1 carried a fixed rate and 18 hit the $1,249,125 value cap.
North Carolina HECMs compared with national figures
The calculator provides the last two rows.
| North Carolina | Against all HECMs | |
|---|---|---|
| HECMs closed | 870 | 3.5% of all 24,529 |
| Median home value counted | $345,000 | $95,000 less |
| Median principal limit | $151,620 | $42,552 less |
| Principal limit as a share of value | 42.2% | 1.2 points lower |
| Median expected rate | 5.875% | the same |
| HECM for Purchase | 6.2% | 0.7 points higher |
| Refinanced HECMs | 7.5% | 3.4 points lower |
| Lenders with a loan here | 23 | of 34 nationwide |
| Amount left after costs at age 70 for a median home with no mortgage | $117,320 | $34,220 less |
| Usable in the first year at age 70 | $64,052 | $19,552 less |
North Carolina HECM lenders ranked by loan totals
HECMs in North Carolina were sponsored by 23 lenders. The top three lenders: Finance of America Reverse, Longbridge Financial and Mutual of Omaha Mortgage. Together they made 666 loans out of 870 (77%). Use the national ranking for a comparison.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 |  | 238 | 27.4% |
| 2 | Finance of America Reverse | 237 | 27.2% |
| 3 | Longbridge Financial | 191 | 22% |
| 4 | South River Mortgage | 74 | 8.5% |
| 5 |  | 50 | 5.7% |
| 6 |  | 11 | 1.3% |
| 7 |  | 10 | 1.1% |
| 8 | Guild Mortgage | 9 | 1% |
| 9 |  | 9 | 1% |
| 10 | PHH Mortgage | 7 | 0.8% |
Local lenders and brokers that originated North Carolina HECMs
North Carolina HECM applications were taken by 52 companies. Excluding the national lenders, the companies that originated the most were Movement Mortgage (40), Loandepot.com (26), T2 Financial (8), New American Funding (6), Atlantic Coast Mortgage (6), Resource Financial Services (5), Jet Direct Funding (5) and Community First National Bank (5). These counts are of the company that originated each loan, while the ranking above counts the lender that sponsored it, so the two lists are not comparable.
Locations for North Carolina HECMs
With 84 of the 870 loans, Mecklenburg County led, while Wake had 77. Charlotte (65), Raleigh (36), Winston Salem (29), Durham (28) and Wilmington (22) had the most loans among the cities. City names are the mailing city on each HUD record and can reach into nearby counties, so a city's count need not match the county table.
| County | HECMs | Share |
|---|---|---|
| Mecklenburg | 84 | 9.7% |
| Wake | 77 | 8.9% |
| Forsyth | 35 | 4% |
| Durham | 32 | 3.7% |
| Buncombe | 31 | 3.6% |
| Union | 30 | 3.4% |
North Carolina HUD-approved reverse mortgage counselors
HUD lists 8 counseling agencies for reverse mortgages based in North Carolina and located in 5 cities. HUD's counselor search provides their phone numbers.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Greensboro, NC | CCCS of Greater Greensboro | phone, in person, video, online, group | English |
| Greensboro, NC | Housing Foundation of America, Greensboro Branch | phone | English |
| Hillsborough, NC | Centre for Home Ownership and Economic Development Corporation | phone, phone only, in person, video, online, group | English |
| Kannapolis, NC | Prosperity Unlimited | phone, in person, video, online, group | English |
| Raleigh, NC | Carolina Community Impact | phone only, in person, video | English, Spanish |
| Raleigh, NC | Consumer Education Services | phone | English, Spanish |
| Raleigh, NC | Navicore Solutions- Raleigh, Nc | phone, in person | English, Spanish |
| Winston Salem, NC | Credit.org - North Carolina Branch | phone, video | English, Spanish |
Property tax relief for older North Carolina homeowners
In North Carolina, the Elderly or Disabled Exclusion applies when you are at least 65 and your income in the prior year stays at or below $37,900. In the 2025 tax year, it removes whichever is larger: $25,000 or 50% of the appraised value of your permanent residence, from your property taxes. Application for Property Tax Relief.
Who oversees reverse mortgage lenders in North Carolina
N.C. In North Carolina, the Commissioner of Banks approves and regulates mortgage lenders that make reverse mortgage loans. Reverse Mortgages Authorization Requirements | nccob.
Source: the HUD HECM portfolio snapshot, covering September 2025 through August 2026. Every state.