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Looking for a reverse mortgage specialist in Holmdel? Review the directory below to compare your options.
6 agents listed
Updated May 2026
Holmdel, 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 6 reverse mortgage specialists in Holmdel, 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.
Advisors Mortgage Group - Holmdel, NJ
39 Main St, Holmdel, NJ 07733
8007789044
New American Funding - Bobby Walsh
45 E Main St, Holmdel, NJ 07733
9175603066
New American Funding - Vincent Demetrio
45 E Main St, Holmdel, NJ 07733
2038579011
New American Funding - Rafael Moura
45 E Main St, Holmdel, NJ 07733
7327099340
BFF Lending Services
969 Holmdel Rd #3, Holmdel, NJ 07733
7328372080
Advisors Mortgage Group, Llc
39 Main St, Holmdel, NJ 07733
8007789044
A reverse mortgage specialist in Holmdel, New Jersey helps homeowners aged 62 and older convert home equity into loan proceeds. New Jersey law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Holmdel residents can use these funds for home improvements, medical expenses, or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Holmdel 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 costs such as appraisal and title search. Total closing costs often range from 2,000 to 8,000 dollars, depending on the home value and loan type. This is general information and does not constitute 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 is a reverse mortgage specialist in Holmdel?
A reverse mortgage specialist is a licensed professional who guides Holmdel homeowners through the process of obtaining a reverse mortgage. They explain loan terms, eligibility, and repayment rules under New Jersey and federal law.
What are the eligibility requirements for a reverse mortgage in New Jersey?
Borrowers must be at least 62 years old, own their home outright or have a low mortgage balance, and live in the property as their primary residence. New Jersey law also requires completion of a counseling session with a HUD-approved counselor.
Are reverse mortgage proceeds taxable in New Jersey?
Reverse mortgage proceeds are generally not considered taxable income by the IRS or the state of New Jersey. However, interest on the loan is not deductible until the loan is repaid. Consult a tax professional for your specific situation.
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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.