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Find Reverse Mortgage Specialists Near You in Westfield, NJ
Looking for a reverse mortgage specialist in Westfield? Review the directory below to compare your options.
6 agents listed
Updated May 2026
Westfield, 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 Westfield, 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.
Michael Stepek at Guaranteed Rate Affinity (NMLS #28268)
209 Central Ave, Westfield, NJ 07090
9085465641
Lisa Mathews at CrossCountry Mortgage
525 Central Ave # B, Westfield, NJ 07090
9083583359
Millenium Home Mortgage LLC
211 N Ave E, Westfield, NJ 07090
9082333383
RJR Mortgage Co LLC
812 Central Ave #4, Westfield, NJ 07090
9082647058
Aceland Mortgage LLC
251 N Ave W Suite 2 A, Westfield, NJ 07090
8002543150
Jeanne Morgenstern at Guaranteed Rate Affinity (NMLS #588978)
209 Central Ave, Westfield, NJ 07090
2013560571
What Does a Reverse Mortgage Specialist in Westfield Cost?
Typical costs for a reverse mortgage specialist in New Jersey include an origination fee up to 2 percent of the home value capped at 6000 dollars, 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 3000 to 8000 dollars depending on the loan amount and property. These costs can be financed into the loan. This information is general and 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 does a reverse mortgage specialist do in Westfield New Jersey?
A reverse mortgage specialist guides homeowners through the process of obtaining a Home Equity Conversion Mortgage HECM. They explain eligibility requirements, loan terms, and repayment options. In New Jersey, the specialist must be licensed and follow state consumer protection laws.
Who is eligible for a reverse mortgage in New Jersey?
Eligibility requires the homeowner to be at least 62 years old and own the home outright or have a low mortgage balance. The property must be the primary residence. New Jersey law also mandates a financial assessment to ensure the borrower can pay property taxes and insurance.
Are there New Jersey specific rules for reverse mortgages?
Yes, New Jersey requires a three-day right of rescission after closing, giving you time to cancel without penalty. The state also mandates that lenders provide a list of HUD-approved counseling agencies. Borrowers must receive clear disclosures about loan costs and terms.
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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.