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Showing 2 reverse mortgage specialists in Evesham, 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.
Brian Winthrop - Citizens, Home Mortgage
400 Lippincott Dr #100, Evesham, NJ 08053
6098681639
Chris Murray - CMG Home Loans Mortgage Branch Manager NMLS# 251895
8 Carrington Wy, Evesham, NJ 08053
6099222630
What Does a Reverse Mortgage Specialist in Evesham Cost?
Typical costs for a reverse mortgage in New Jersey include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and recording. Total closing costs often range from 5,000 to 15,000 dollars depending on the loan amount and property value. Costs vary by situation. 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 are the eligibility requirements for a reverse mortgage in Evesham?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence. New Jersey law does not add extra age or income requirements beyond federal HUD rules.
Do I need counseling before getting a reverse mortgage in New Jersey?
Yes, New Jersey law requires a HUD-approved counseling session for all reverse mortgage applicants. The counselor will explain loan terms, costs, and alternatives. You must complete this session before the lender can process your application.
Can I lose my home with a reverse mortgage in Evesham?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. New Jersey law provides a 30-day notice period before foreclosure proceedings can begin. Staying current on these obligations protects your ownership.