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Compare reverse mortgage specialists in Margate City. Review contact information and insurance categorys before you decide.
3 agents listed
Updated May 2026
Margate 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 3 reverse mortgage specialists in Margate 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.
Stephen Bachman at CrossCountry Mortgage
9200 Ventnor Ave First Floor, Margate City, NJ 08402
6106012086
The Mortgage People Margate City
9207 Ventnor Ave, Margate City, NJ 08402
6404000236
Anthony Moore at CrossCountry Mortgage
9200 Ventnor Ave First Floor, Margate City, NJ 08402
8777731226
A reverse mortgage specialist in Margate City New Jersey helps older homeowners access home equity without monthly payments. New Jersey law requires borrowers to receive counseling from a HUD approved agency before obtaining a reverse mortgage. This service is especially relevant for Margate City residents looking to supplement retirement income while staying in their homes.
What Does a Reverse Mortgage Specialist in Margate City Cost?
Typical costs for a reverse mortgage specialist in New Jersey include an origination fee of up to 2 percent of the home value and a mortgage insurance premium of 2 percent of the appraised value. Closing costs generally range from 2,000 to 5,000 dollars. These costs can be financed into the loan. 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 age requirements for a reverse mortgage in Margate City New Jersey?
Borrowers must be at least 62 years old to qualify for a Home Equity Conversion Mortgage (HECM) in New Jersey. This is a federal requirement that applies to all HECM loans in Margate City.
Do I need to own my home free and clear to get a reverse mortgage in New Jersey?
No, you do not need to own your home free and clear. However, any existing mortgage or liens must be paid off with the reverse mortgage proceeds. New Jersey law requires that the property be your primary residence.
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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.