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 8 reverse mortgage specialists in Sewell, 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.
Jerry Spence & Joe Bennett - Fairway Independent Mortgage Corp.
508 Hurffville - Cross Keys Rd Suite 14, Sewell, NJ 08080
8569816882
Billy McElroy at CrossCountry Mortgage
373 Egg Harbor Rd Store 5, Sewell, NJ 08080
8563743331
Tom Bickett at AnnieMac Home Mortgage NMLS #116937
381 Egg Harbor Rd 1st Floor, Sewell, NJ 08080
8563758679
Tony Pacifico
508 Hurffville - Cross Keys Rd Suite 15, Sewell, NJ 08080
6097073300
Lower Mortgage - Bob Basmajian
292 Hurffville-Grenloch Rd, Sewell, NJ 08080
6096360039
Simon Mortgage Team
NMLS #1995861, 591 Mantua Blvd Ste 104, Sewell, NJ 08080
4845572296
Gerald Spence Jr, Finance of America Mortgage LLC
508 Hurffville - Cross Keys Rd Suite 14, Sewell, NJ 08080
8562181700
NEXA Mortgage, LLC
591 Mantua Blvd Suite 204, Sewell, NJ 08080
8568568108
What Does a Reverse Mortgage Specialist in Sewell Cost?
Typical costs for a reverse mortgage in New Jersey include an origination fee (up to $6,000), a mortgage insurance premium (2% of the home value upfront plus 0.5% annually), appraisal fees ($400 to $800), and closing costs ($1,500 to $3,000). Total costs often range from $8,000 to $15,000, but they can be financed into the loan. This is general information and does not constitute 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 requirements for a reverse mortgage in Sewell New Jersey?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. New Jersey law mandates that you attend a counseling session with a HUD-approved counselor before applying. The property must be your primary residence and meet FHA standards.
How much can I borrow with a reverse mortgage in Sewell?
The amount depends on your age, the homes appraised value, and current interest rates. In New Jersey, the maximum claim amount for an FHA HECM is $1,089,300 as of 2024. Younger borrowers generally receive less than older borrowers.