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Compare Reverse Mortgage Specialists in Northfield, NJ
Compare reverse mortgage specialists in Northfield. Review contact information and insurance categorys before you decide.
11 agents listed
Updated May 2026
Northfield, 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 11 reverse mortgage specialists in Northfield, 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.
The Malamut Mortgage Team - HMA Mortgage
1001 New Rd, Northfield, NJ 08225
6096465555
Union Home Mortgage
2111 New Rd Suite 106, Northfield, NJ 08225
6095268017
Meridian Bank Mortgage
2330 New Rd, Northfield, NJ 08225
6092417028
Mike Rosman - Union Home Mortgage
2111 New Rd Suite 106, Northfield, NJ 08225
2154350607
Julie Mealo for Valley Bank
1423 Tilton Rd #10, Northfield, NJ 08225
6092768578
Madelynn Tejeda Mortgage Team - Newrez
1800 New Rd Suite 200A, Northfield, NJ 08225
6094025352
First United Funding
2312 New Rd Unit 107, Northfield, NJ 08225
6092285771
Nadine Feldman Mortgage Professional
1001 New Rd, Northfield, NJ 08225
6092263491
Beth Wisser
1555 Zion Rd Suite 100, Northfield, NJ 08225
6094577741
Kathy Griffin
1423 Tilton Rd, Northfield, NJ 08225
6094322801
NationMac Mortgage
660 New Rd Suite 2B, Northfield, NJ 08225
8562072917
A reverse mortgage specialist in Northfield, New Jersey helps homeowners aged 62 and older convert part of their home equity into cash without selling their home. In New Jersey, borrowers must complete a counseling session with a HUD-approved counselor before applying. Northfield residents often use these loans to supplement retirement income or pay for home repairs, with the loan becoming due when the last borrower moves out or passes away.
What Does a Reverse Mortgage Specialist in Northfield Cost?
Typical costs for a reverse mortgage in New Jersey include an origination fee (up to 2 percent of the home value, capped at $6,000), a mortgage insurance premium (2 percent of the appraised value upfront plus 0.5 percent annually), and third-party fees for appraisal, title search, and recording. Total closing costs often range from $2,000 to $8,000 depending on the home value and lender. 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 Northfield New Jersey?
You must be at least 62 years old and own your home outright or have a small mortgage balance. The home must be your primary residence, and you must complete a HUD-approved counseling session. New Jersey law also requires lenders to provide a disclosure statement explaining loan terms.
How does a reverse mortgage work in New Jersey?
A reverse mortgage allows you to receive payments from your home equity as a lump sum, monthly payments, or a line of credit. Interest accrues on the loan balance, and you do not make monthly payments. The loan must be repaid when you sell the home, move out permanently, or pass away.
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, you remain responsible for property taxes and homeowners insurance. 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.