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Find Reverse Mortgage Specialists Near You in Denville, NJ
Browse reverse mortgage specialists serving Denville, New Jersey. Contact information and addresses listed below.
4 agents listed
Updated May 2026
Denville, 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 Denville, 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.
North Capital Funding Corp.
15 2nd Ave, Denville, NJ 07834
9735955626
Megan De Tore McDermott at CrossCountry Mortgage
5 E Main St #28b, Denville, NJ 07834
9732001645
Crown Home Mortgage
3108 NJ-10 Suite 3 & 4, Denville, NJ 07834
8885927696
American Nation Mortgage LLC
104 Broadway Suite 3D, Denville, NJ 07834
9739374266
A reverse mortgage specialist in Denville, New Jersey helps homeowners aged 62 and older convert home equity into loan proceeds without monthly payments. New Jersey law requires mandatory counseling from a HUD-approved agency before you can obtain a Home Equity Conversion Mortgage (HECM). Denville residents benefit from local specialists who understand Morris County property values and New Jersey specific regulations.
What Does a Reverse Mortgage Specialist in Denville Cost?
Typical costs for a reverse mortgage 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 fees such as appraisal and title search. These costs total between 5,000 and 15,000 dollars for an average Denville home. Some costs can be financed into the loan. 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 Denville New Jersey?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence. New Jersey law requires you to complete a HUD-approved counseling session before applying.
How much can I borrow with a reverse mortgage in Denville?
The amount depends on your age, the appraised value of your home, and current interest rates. For a typical Denville home valued around 400,000 dollars, a 70 year old borrower might access 40 to 60 percent of the home value. The exact amount is calculated by the HECM formula.
Are reverse mortgage proceeds taxable in New Jersey?
No, reverse mortgage proceeds are considered loan advances, not income. They are not subject to New Jersey state income tax. However, you must continue to pay property taxes and homeowners insurance to avoid default.
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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.