ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Find Reverse Mortgage Specialists Near You in Elizabeth, NJ
Compare reverse mortgage specialists in Elizabeth. Review contact information and insurance categorys before you decide.
2 agents listed
Updated May 2026
Elizabeth, NJ
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the New Jersey before hiring.
Showing 2 reverse mortgage specialists in Elizabeth, NJ
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Oportun
128 Elmora Ave, Elizabeth, NJ 07202
7324973253
Virtue Funding LLC
80 W Grand St 3rd Floor, Elizabeth, NJ 07201
9086562048
A reverse mortgage specialist in Elizabeth, New Jersey helps homeowners aged 62 and older access home equity. New Jersey law requires borrowers to receive counseling from a HUD approved agency before obtaining a reverse mortgage. These specialists guide clients through the process, including understanding loan terms and local property tax implications in Union County.
What Does a Reverse Mortgage Specialist in Elizabeth Cost?
Typical costs for a reverse mortgage specialist in New Jersey include an origination fee (up to 2% of the home value, capped at $6,000), a mortgage insurance premium (2% upfront plus 0.5% annually), and third party costs like appraisal ($400 to $800) and title search ($500 to $1,000). Total closing costs often range from $5,000 to $15,000 depending on the loan amount and property. This is general information, not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What does a reverse mortgage specialist do in Elizabeth New Jersey?
A reverse mortgage specialist in Elizabeth helps older homeowners understand and apply for reverse mortgages. They explain loan options, coordinate required HUD counseling, and assist with paperwork specific to New Jersey property laws. They do not provide financial advice but can clarify loan mechanics.
Is a reverse mortgage in New Jersey subject to any state specific rules?
Yes, New Jersey law mandates that all reverse mortgage borrowers receive independent counseling from a HUD approved agency. The state also requires a three day right of rescission after closing. Additionally, New Jersey protects surviving spouses under certain conditions.
What are the eligibility requirements for a reverse mortgage in Elizabeth New Jersey?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be the primary residence. In New Jersey, the property must be a single family home, a 2-4 unit property with the borrower living in one unit, or a HUD approved condominium.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Elizabeth who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the New Jersey.