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Compare Reverse Mortgage Specialists in Madison, NJ
Directory of reverse mortgage specialists in Madison, New Jersey. Verify credentials with the state mortgage licensing authority before hiring.
6 agents listed
Updated May 2026
Madison, 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 6 reverse mortgage specialists in Madison, 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.
Arcelay Lending Team at Crown Home Mortgage
210 Main St #2b, Madison, NJ 07940
9733393019
Matt Keane at Rate (NMLS #12966)
14 Main St Suite 140, Madison, NJ 07940
9732956478
Kevin Keane at Rate (NMLS #89852)
14 Main St Suite 140, Madison, NJ 07940
7325473682
Brian DiVito at Rate (NMLS #274474)
14 Main St Suite 140, Madison, NJ 07940
7325270699
Lori Neuhauser at Rate (NMLS #460200)
14 Main St Suite 140, Madison, NJ 07940
7322430421
Rate
14 Main St Suite 140, Madison, NJ 07940
9732956478
A reverse mortgage specialist in Madison, New Jersey helps seniors aged 62 and older convert home equity into tax-free funds without monthly payments. New Jersey law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). These specialists guide clients through the process, including property eligibility and repayment terms specific to New Jersey.
What Does a Reverse Mortgage Specialist in Madison Cost?
Typical costs for a reverse mortgage in New Jersey include an origination fee 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 2,000 to 6,000 dollars depending on the home value and lender. These costs can be financed into the loan. 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 age and property requirements for a reverse mortgage in Madison New Jersey?
Borrowers must be at least 62 years old. The property must be the primary residence, typically a single-family home, HUD-approved condo, or manufactured home. In New Jersey, the home must meet FHA minimum property standards.
Do I need counseling before getting a reverse mortgage in New Jersey?
Yes. New Jersey law and federal HUD rules require all borrowers to complete a counseling session with a HUD-approved counselor. This session covers loan terms, costs, and alternatives. The counselor must be independent from the lender.
Can I lose my home with a reverse mortgage in Madison New Jersey?
You can lose the home if you fail to pay property taxes or homeowners insurance, or if you do not maintain the property. New Jersey law also requires that the home remain your primary residence. If you move out for more than 12 consecutive months, the loan becomes due.
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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.