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Find Reverse Mortgage Specialists Near You in East Rutherford, NJ
Browse reverse mortgage specialists serving East Rutherford, New Jersey. Contact information and addresses listed below.
5 agents listed
Updated May 2026
East Rutherford, 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 5 reverse mortgage specialists in East Rutherford, 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.
AnnieMac Home Mortgage
355 Murray Hill Pkwy Suite 203, East Rutherford, NJ 07073
8556940523
Carlos Serrano at NFM Lending
1 Meadowlands Plaza Suit 200, East Rutherford, NJ 07073
2016791881
Fernando Pineros at NFM Lending
1 Meadowlands Plaza Suit 200, East Rutherford, NJ 07073
9736536227
NFM Lending - East Rutherford, NJ - Branch 602
1 Meadowlands Plaza Suit 200, East Rutherford, NJ 07073
2013553325
Yolanda Barreto - Mortgage Banker NMLS #296508
1 Meadowlands Plaza, East Rutherford, NJ 07073
9732965999
A reverse mortgage specialist in East Rutherford, New Jersey can help homeowners aged 62 and older convert part of their home equity into tax-free funds. In New Jersey, reverse mortgages are regulated by the New Jersey Department of Banking and Insurance, and borrowers must complete a HUD-approved counseling session before applying. East Rutherford residents often use these loans to supplement retirement income or cover home repairs.
What Does a Reverse Mortgage Specialist in East Rutherford 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 ($2,000 to $5,000). Total costs can range from $8,000 to $15,000 or more, depending on the 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 East Rutherford?
You must be at least 62 years old, own your home outright or have a low mortgage balance, and live in the property as your primary residence. New Jersey law requires you to attend a counseling session with a HUD-approved counselor before you can apply.
Are reverse mortgage proceeds taxable in New Jersey?
No, reverse mortgage proceeds are not considered income by the IRS or the state of New Jersey. They are treated as a loan advance, so you do not pay state or federal income tax on the funds you receive.
What happens to the reverse mortgage if I move out or sell my home in East Rutherford?
If you sell your home or move out permanently, the reverse mortgage becomes due. You or your heirs must repay the loan balance, which is typically done through the sale of the home. New Jersey law protects borrowers by requiring clear disclosure of these 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.