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Find Reverse Mortgage Specialists in North Arlington, NJ
Compare reverse mortgage specialists in North Arlington. Review contact information and insurance categorys before you decide.
3 agents listed
Updated May 2026
North Arlington, 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 North Arlington, 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.
Keypoint Mortgage
125 Bathurst Ave, North Arlington, NJ 07031
2019989050
Crosstate Mortgage
211 Ridge Rd #26, North Arlington, NJ 07031
2019550045
Homebridge
193 Ridge Rd 1st Floor, North Arlington, NJ 07031
2012996430
A reverse mortgage specialist in North Arlington New Jersey helps older homeowners access home equity without monthly payments. New Jersey law requires borrowers to complete HUD approved counseling before obtaining a Home Equity Conversion Mortgage HECM. Specialists guide clients through the process including property eligibility and financial assessment requirements specific to the state.
What Does a Reverse Mortgage Specialist in North Arlington Cost?
Typical costs for a reverse mortgage in New Jersey include an origination fee up to $6,000, a mortgage insurance premium equal to 2 percent of the appraised value, and third party costs like appraisal title and recording fees ranging from $2,000 to $5,000. Closing costs vary by lender and loan amount. 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 North Arlington New Jersey?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The property must be the borrower's primary residence and meet Federal Housing Administration FHA standards. New Jersey law also requires completion of a counseling session with a HUD approved counselor.
How does New Jersey law affect reverse mortgage proceeds and repayment?
New Jersey follows federal HECM rules where the loan becomes due when the last borrower dies, sells the home, or moves out permanently. The state does not impose additional time limits beyond federal guidelines. Borrowers retain ownership and can stay in the home as long as they pay property taxes and insurance.
Are reverse mortgage proceeds taxable in New Jersey?
Reverse mortgage proceeds are considered loan advances not income so they are not taxable at the federal or New Jersey state level. However interest on the loan is not deductible until the loan is repaid. Borrowers should consult a tax professional for their 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.