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Find Reverse Mortgage Specialists Near You in Asbury Park, NJ
Looking for a reverse mortgage specialist in Asbury Park? Review the directory below to compare your options.
2 agents listed
Updated May 2026
Asbury Park, 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 2 reverse mortgage specialists in Asbury Park, 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.
The Loan Tree
922 Main St, Asbury Park, NJ 07712
7329885000
New Jersey Mortgage Pre Approval
912 Asbury Ave, Asbury Park, NJ 07712
4086756348
A reverse mortgage specialist in Asbury Park, New Jersey helps homeowners aged 62 and older convert home equity into loan proceeds. New Jersey law requires reverse mortgage lenders to provide counseling from a HUD-approved agency before a loan can be approved. Asbury Park residents can use these funds for home repairs, medical expenses, or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Asbury Park Cost?
Typical costs for a reverse mortgage specialist in New Jersey include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party costs such as appraisal and title search fees ranging from 500 to 2,500 dollars. Total closing costs often range from 5,000 to 15,000 dollars depending on the property value and loan type. 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 does a reverse mortgage specialist do in Asbury Park?
A reverse mortgage specialist guides homeowners through the loan process, explains eligibility requirements, and helps compare loan options. They also coordinate with HUD-approved counselors as required by New Jersey law.
Are there age requirements for a reverse mortgage in New Jersey?
Yes, all borrowers must be at least 62 years old. The home must be the borrower's primary residence and meet Federal Housing Administration property standards.
How does New Jersey law protect reverse mortgage borrowers?
New Jersey requires a mandatory counseling session with a HUD-approved counselor before loan approval. Lenders must also provide clear disclosures about loan terms, fees, and repayment obligations.
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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.