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Compare Reverse Mortgage Specialists in Glassboro, NJ
Browse reverse mortgage specialists serving Glassboro, New Jersey. Contact information and addresses listed below.
4 agents listed
Updated May 2026
Glassboro, 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 Glassboro, 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.
Andrew Cannon
707 N Main St #3, Glassboro, NJ 08028
4845391472
Marc Pollicino
707 N Main St #3, Glassboro, NJ 08028
8563341125
America One Financial, LLC
15 High St E Suite G, Glassboro, NJ 08028
2672577947
America One Mortgage
15 High St E Suite G, Glassboro, NJ 08028
8562821310
A reverse mortgage specialist in Glassboro, New Jersey helps homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. New Jersey law requires mandatory counseling by a HUD-approved agency before any reverse mortgage application. Local specialists can guide you through the specific property tax deferral programs available in Gloucester County.
What Does a Reverse Mortgage Specialist in Glassboro 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. These fees total between 3000 and 8000 dollars on a 300,000 dollar home. Costs vary by lender 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 Glassboro 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, and you must complete a HUD-approved counseling session. New Jersey law also requires that you maintain the property and pay property taxes and insurance.
How does New Jersey law affect reverse mortgage proceeds?
New Jersey exempts reverse mortgage proceeds from state income tax. However, the loan balance can affect eligibility for certain state benefits like Medicaid. The New Jersey HomeKeeper program may offer additional protections for seniors facing foreclosure.
What happens to the reverse mortgage when the borrower dies or moves out?
The loan becomes due when the last borrower dies, sells the home, or permanently moves out. Heirs have 30 days under New Jersey law to decide whether to pay off the loan or sell the property. They are not personally liable for any deficiency if the home value is less than the loan balance.
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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.