ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Find Reverse Mortgage Specialists Near You in Nutley, NJ
Browse reverse mortgage specialists serving Nutley, New Jersey. Contact information and addresses listed below.
8 agents listed
Updated May 2026
Nutley, 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 8 reverse mortgage specialists in Nutley, 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.
Lucid Mortgage
24 Coppola St Unit 4, Nutley, NJ 07110
9738033043
Bruce Silberman, Guaranteed Rate
139 Chestnut St Suite 1, Nutley, NJ 07110
9732020400
Adrian Martinez at Rate (NMLS #1354205)
139 Chestnut St 2nd Floor, Nutley, NJ 07110
9732418950
Marc Calicchio at Rate (NMLS #78468)
139 Chestnut St 2nd Floor, Nutley, NJ 07110
9735641495
Gary Marino at Rate (NMLS #41910)
139 Chestnut St 2nd Floor, Nutley, NJ 07110
9739398686
Rate
139 Chestnut St 2nd Floor, Nutley, NJ 07110
9739398686
Brendan McMullen at Rate (NMLS #786168)
139 Chestnut St 2nd Floor, Nutley, NJ 07110
9739398662
Oscar Martinez Baez
139 Chestnut St, Nutley, NJ 07110
2019519531
What Does a Reverse Mortgage Specialist in Nutley Cost?
Typical costs for a reverse mortgage in New Jersey include an origination fee of up to 2 percent of the home value but capped at $6,000, a mortgage insurance premium of 2 percent of the appraised value, and third-party closing costs such as appraisal and title search fees. Total closing costs often range from $5,000 to $12,000 depending on the property value and lender. New Jersey also requires a mandatory counseling session that costs around $125 to $150. 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 are the eligibility requirements for a reverse mortgage in Nutley New Jersey?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence. New Jersey law mandates a mandatory counseling session with a HUD-approved counselor before you can apply.
How much can I borrow with a reverse mortgage in Nutley?
The amount depends on your age, the appraised value of your home, and current interest rates. In New Jersey, the maximum claim amount for a Home Equity Conversion Mortgage is capped by the Federal Housing Administration at $1,089,300 as of 2024. A specialist can provide a personalized estimate.
Are reverse mortgage proceeds taxable in New Jersey?
No, reverse mortgage proceeds are not considered income by the IRS or the state of New Jersey. They are treated as a loan advance. However, interest is not deductible until the loan is paid off. Consult a tax professional for your specific situation.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Nutley who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.