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Compare Reverse Mortgage Specialists in Monroe Township, NJ
Compare reverse mortgage specialists in Monroe Township. Review contact information and insurance categorys before you decide.
3 agents listed
Updated May 2026
Monroe Township, 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 3 reverse mortgage specialists in Monroe Township, 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.
First Team Mortgage LLC
315 Forsgate Dr, Monroe Township, NJ 08831
7324026700
Paramount Residential Mortgage Group - PRMG Inc.
977 NJ-33 Suite 101, Monroe Township, NJ 08831
7328893334
Citizens Bank Mortgage Rates NJ
1 Rossmoor Dr #121, Monroe Township, NJ 08831
7323911800
A reverse mortgage specialist in Monroe Township New Jersey helps older homeowners access home equity without monthly payments. New Jersey law requires borrowers to complete a counseling session with a HUD-approved agency before obtaining a Home Equity Conversion Mortgage. This service is available for primary residences in Middlesex County.
What Does a Reverse Mortgage Specialist in Monroe Township Cost?
Typical costs for a reverse mortgage in New Jersey include an origination fee of up to 2 percent of the home value or 6 thousand dollars whichever is less for higher-value homes. There is also an upfront mortgage insurance premium of 2 percent of the appraised value and annual premiums of 0.5 percent. Third-party costs such as appraisal title search and recording fees range from 1 thousand to 3 thousand dollars. 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 is a reverse mortgage specialist in Monroe Township?
A reverse mortgage specialist is a professional who guides homeowners through the process of obtaining a reverse mortgage. In New Jersey, they must follow state and federal regulations including the requirement for independent counseling.
Who qualifies for a reverse mortgage in New Jersey?
Homeowners aged 62 or older who own their home outright or have a low mortgage balance qualify. The home must be the primary residence and the borrower must attend a counseling session with a HUD-approved agency.
What are the costs for a reverse mortgage in New Jersey?
Costs include an origination fee up to 2 percent of the home value, mortgage insurance premiums, and third-party fees like appraisal and title search. In New Jersey, the origination fee is capped at 6 thousand dollars for higher-value homes.
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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.