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Browse reverse mortgage specialists serving Hammonton, New Jersey. Contact information and addresses listed below.
5 agents listed
Updated May 2026
Hammonton, 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 5 reverse mortgage specialists in Hammonton, 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.
Allied Mortgage Group - Hammonton
527 12th St, Hammonton, NJ 08037
6097444349
Truist
240 S White Horse Pike STE 16, Hammonton, NJ 08037
6095616060
Hope Home Lending Hammonton
11 S 3rd St, Hammonton, NJ 08037
6406007222
Home Lending Elwood
4520 S White Horse Pike #59, Hammonton, NJ 08037
6402012335
Guaranteed Rate of Hammonton
854 S White Horse Pike, Hammonton, NJ 08037
6097042595
A reverse mortgage specialist in Hammonton, New Jersey helps homeowners aged 62 and older convert home equity into tax-free funds. New Jersey law requires that borrowers receive counseling from a HUD-approved agency before obtaining a Home Equity Conversion Mortgage (HECM). Specialists in Hammonton can guide you through the process, including understanding the impact on estate planning and local property tax deferral programs.
What Does a Reverse Mortgage Specialist in Hammonton Cost?
Typical costs for a reverse mortgage in New Jersey include an origination fee (up to $6,000 or 2% of the home value, whichever is less), mortgage insurance premiums (2% of the appraised value upfront plus 0.5% annually), and third-party fees such as appraisal, title search, and recording fees, which can range from $500 to $2,000. Total closing costs often fall between $5,000 and $15,000, depending on the home value and lender. 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 Hammonton New Jersey?
You must be at least 62 years old, own your home outright or have a low mortgage balance, and live in the property as your primary residence. New Jersey law also mandates that you complete a counseling session with a HUD-approved counselor before applying.
How does a reverse mortgage affect my heirs in New Jersey?
Heirs can choose to repay the loan and keep the home, or sell the property to pay off the balance. Under New Jersey law, the loan is non-recourse, meaning heirs are not personally liable for any deficiency if the home value is less than the loan amount.
Are reverse mortgage proceeds taxable in New Jersey?
Proceeds from a reverse mortgage are considered loan advances, not income, so they are not subject to New Jersey state income tax. However, they may affect eligibility for certain means-tested benefits like Medicaid or Supplemental Security Income.
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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.