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Find Reverse Mortgage Specialists Near You in Galloway, NJ
Looking for a reverse mortgage specialist in Galloway? Review the directory below to compare your options.
3 agents listed
Updated May 2026
Galloway, 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 3 reverse mortgage specialists in Galloway, 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.
All Mortgage Funding LLC
145 W White Horse Pike, Galloway, NJ 08205
6092410114
Best Home Of Mortgage
304 S Nectar Ave, Galloway, NJ 08205
6403338524
Ultimate Home Mortgage
36 S New York Rd #157, Galloway, NJ 08205
6403339948
A reverse mortgage specialist in Galloway, New Jersey helps homeowners aged 62 and older convert part of their home equity into tax-free funds. New Jersey law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Galloway residents can use these funds for home repairs, medical expenses, or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Galloway 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 for appraisal, title search, and recording. Total closing costs often range from 2,000 to 8,000 dollars. These 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 qualifications does a reverse mortgage specialist in Galloway need?
A specialist must be licensed in New Jersey as a mortgage loan originator and complete annual continuing education. They should also have experience with HECM loans, which are insured by the Federal Housing Administration.
Are reverse mortgages regulated differently in New Jersey?
Yes. New Jersey requires a three-day right of rescission after closing, and lenders must provide a list of HUD-approved counseling agencies. The state also prohibits certain predatory lending practices for reverse mortgages.
How long does the reverse mortgage process take in Galloway?
The process typically takes 30 to 60 days from application to closing. This includes mandatory counseling, property appraisal, and underwriting. Delays can occur if the property needs repairs or if documentation is incomplete.
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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.