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Find Reverse Mortgage Specialists Near You in Jersey City, NJ
Browse reverse mortgage specialists serving Jersey City, New Jersey. Contact information and addresses listed below.
5 agents listed
Updated May 2026
Jersey City, 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 Jersey City, 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.
Heritage Financial Corporation
3478 John F. Kennedy Blvd, Jersey City, NJ 07307
2018762929
Lightning Mortgage
591 Summit Ave #517, Jersey City, NJ 07306
2013600634
Epic Mortgage Company, LLC;NMLS# 2498246
418 West Side Ave, Jersey City, NJ 07305
2014350435
Oqvest
111 Town Square Pl Suite 1203, Jersey City, NJ 07310
5512250733
Xu Han
125 18th St, Jersey City, NJ 07310
9174127485
A reverse mortgage specialist in Jersey City, 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 (HECM). Specialists guide clients through local property tax deferral programs and ensure compliance with New Jersey consumer protection statutes.
What Does a Reverse Mortgage Specialist in Jersey City Cost?
Typical costs for a reverse mortgage in New Jersey include an origination fee of up to 2 percent of the first 200,000 dollars of the home value plus 1 percent of the amount above 200,000 dollars. Other costs include a mortgage insurance premium of 2 percent of the appraised value upfront and an annual premium of 0.5 percent. Third-party fees for appraisal, title search, and counseling range from 500 to 1,500 dollars. Total closing costs often range from 5,000 to 15,000 dollars depending on the property value and lender. This is general information and 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 Jersey City?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The property must be a primary residence, such as a single-family home, HUD-approved condo, or manufactured home. New Jersey law also mandates a counseling session with a HUD-approved counselor before application.
How does New Jersey law affect reverse mortgage proceeds?
New Jersey does not tax reverse mortgage proceeds as income. However, borrowers must continue paying property taxes and homeowners insurance. The state offers a property tax deferral program for seniors, which can be used alongside a reverse mortgage to reduce out-of-pocket costs.
Can a reverse mortgage be foreclosed in New Jersey?
Yes, if the borrower fails to pay property taxes, maintain insurance, or keep the home in good condition, the lender can initiate foreclosure. New Jersey law requires lenders to provide a notice of default and a 30-day cure period before foreclosure proceedings begin.
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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.