Greenville Reverse Mortgage

Greenville Reverse Mortgage is a mortgage lender in Greenville, SC, specializing in reverse mortgages for homeowners aged 62 and older. The business helps seniors convert home equity into cash through various options, including Home Equity Conversion Mortgages (HECMs) and proprietary jumbo reverse mortgages. Services include lump sum payments, monthly advances, lines of credit, and HECM for Purchase transactions. The lender requires borrowers to live in the home as a primary residence and complete counseling from a HUD-approved agency. It holds a 5.00 rating based on 1 review.

John Nunnally, the loan officer, brings over 22 years of experience in the mortgage banking industry and represents Fairway Independent Mortgage. He focuses on identifying individual financial needs using extensive mortgage product knowledge and emphasizes superior customer service, operational integrity, and efficient loan processing. Nunnally is an active member of the First Presbyterian Church of Greenville and the Greenville Tennis Club. He assists clients with navigating paperwork and maintaining communication throughout the loan process.

The lender offers HECM loans backed by the U.S. Department of Housing and Urban Development and proprietary reverse mortgages for higher-value homes. Borrowers can use proceeds for any purpose, including bridging the Medicare gap, purchasing long-term care insurance, or purchasing a new primary residence through an H4P transaction. The loans are nonrecourse, meaning neither the estate nor heirs are responsible for paying a deficit if the loan balance exceeds the home value. Borrowers must continue paying property taxes, insurance, and maintenance to keep the loan in good standing.

The business maintains a positive rating from the customers who have reviewed it, reflecting the service provided by its loan officer.

Greenville Reverse Mortgage provides specialized lending options that help local seniors access home equity while retaining ownership of their homes.

Greenville Reverse Mortgage is located on S Pleasantburg Drive, situated about a tenth of a mile from Washington Center School and near Sara Collins Elementary School.

BizScoreAI awarded the business a Content Quality score of 100 out of 100, which means the website clearly answers customer questions and provides descriptions that AI assistants can quote directly. The business also received a Performance score of 81 out of 100, reflecting fast website loading speeds that keep visitors engaged and help with search engine rankings.