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Find Reverse Mortgage Specialists in Ocean Township, NJ
Directory of reverse mortgage specialists in Ocean Township, New Jersey. Verify credentials with the state mortgage licensing authority before hiring.
5 agents listed
Updated May 2026
Ocean 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 5 reverse mortgage specialists in Ocean 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.
Advisors Mortgage Group - Headquarters
1411 NJ-35, Ocean Township, NJ 07712
7322923133
Advisors Mortgage Group - Ocean, NJ
931 W Park Ave, Ocean Township, NJ 07712
8007789044
AAFC GROUP LLC
1414 Roller Rd Suite B, Ocean Township, NJ 07712
8662482232
Advisors Mortgage Group - Ocean, NJ
1411 NJ-35 #101, Ocean Township, NJ 07712
8007789044
Harry Palmer - Advisors Mortgage Group
931 W Park Ave, Ocean Township, NJ 07712
7329773816
A reverse mortgage specialist in Ocean Township, New Jersey helps homeowners aged 62 and older convert home equity into tax-free funds. New Jersey law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Ocean Township residents can use these funds for home repairs, healthcare costs, or supplementing retirement income while remaining in their homes.
What Does a Reverse Mortgage Specialist in Ocean Township Cost?
Typical costs for a reverse mortgage in New Jersey include an origination fee of up to 2% of the home value, a mortgage insurance premium of 2% of the appraised value, and third-party closing costs like appraisal and title fees. Total upfront costs often range from 5,000 to 15,000 dollars, depending on the home value and loan type. Borrowers also pay an annual mortgage insurance premium of 0.5% of the loan balance. 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 Ocean Township?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The property must be a primary residence, such as a single-family home, HUD-approved condo, or manufactured home. New Jersey law also mandates a financial assessment and mandatory counseling session.
How does New Jersey law affect reverse mortgage proceeds?
Reverse mortgage proceeds are generally tax-free and do not affect Social Security or Medicare benefits. However, they can impact Medicaid eligibility if not spent within the same month. New Jersey does not have a state-specific reverse mortgage program, so all loans follow federal HECM guidelines.
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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.