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Compare Reverse Mortgage Specialists in Chester, NJ
Looking for a reverse mortgage specialist in Chester? Review the directory below to compare your options.
4 agents listed
Updated May 2026
Chester, 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 4 reverse mortgage specialists in Chester, 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.
American Federal Mortgage Corporation
360 Rte 24, Chester, NJ 07930
9739270400
Huntington Mortgage Group
32 Collis Ln #6, Chester, NJ 07930
9088798880
Chase Mortgage
444 Main St, Chester, NJ 07930
9088797700
PNC Mortgage
25 Maple Ave, Chester, NJ 07930
9088795771
A reverse mortgage specialist in Chester New Jersey helps homeowners aged 62 and older convert home equity into tax-free funds without monthly mortgage payments. New Jersey law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage HECM. Specialists in Chester guide clients through the process including loan terms and repayment obligations.
What Does a Reverse Mortgage Specialist in Chester Cost?
Typical costs for a reverse mortgage 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 such as appraisal title and recording costs totaling 1000 to 3000 dollars. Total closing costs generally range from 5000 to 15000 dollars depending on home 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 are the eligibility requirements for a reverse mortgage in Chester New Jersey?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be the primary residence and meet HUD property standards. New Jersey does not have additional state-specific eligibility rules beyond federal HECM requirements.
How does a reverse mortgage affect my heirs in New Jersey?
Heirs can repay the loan balance or sell the home to settle the debt. If the home value is less than the loan balance, heirs pay only 95 percent of the appraised value under HUD rules. New Jersey law does not allow lenders to pursue other assets of the estate.
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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.