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Find Reverse Mortgage Specialists in Phillipsburg, NJ
Looking for a reverse mortgage specialist in Phillipsburg? Review the directory below to compare your options.
7 agents listed
Updated May 2026
Phillipsburg, 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 7 reverse mortgage specialists in Phillipsburg, 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.
Motto Mortgage Supreme
533 Memorial Pkwy, Phillipsburg, NJ 08865
9087606674
Michael Bryan - Mortgage Specialist
45 3rd St Suite A, Phillipsburg, NJ 08865
9083887275
Edward Jones - Financial Advisor: Aaron Fuhrman
201 Strykers Rd Ste 1, Phillipsburg, NJ 08865
9085544546
David Freiman Motto Mortgage Supreme
533 Memorial Pkwy, Phillipsburg, NJ 08865
9086425893
Mark Scuderi Motto Mortgage Supreme
533 Memorial Pkwy, Phillipsburg, NJ 08865
9087606674
Mary Silva Motto Mortgage Supreme
533 Memorial Pkwy, Phillipsburg, NJ 08865
9089101138
PNC Mortgage
Hillcrest Mall, 755 Memorial Pkwy, Phillipsburg, NJ 08865
9088599537
A reverse mortgage specialist in Phillipsburg, New Jersey helps homeowners aged 62 and older convert part of their home equity into tax-free funds without selling their home. New Jersey law requires that borrowers complete a counseling session with a HUD-approved counselor before applying. Phillipsburg residents often use these loans to supplement retirement income, pay for home repairs, or cover medical expenses.
What Does a Reverse Mortgage Specialist in Phillipsburg Cost?
Typical costs for a reverse mortgage specialist in New Jersey include an origination fee of up to $6,000, a mortgage insurance premium of 2% of the home value, and third-party fees for appraisal, title search, and recording. In Phillipsburg, total closing costs often range from $3,000 to $8,000. These amounts vary based on home value, loan type, 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 is a reverse mortgage specialist in Phillipsburg?
A reverse mortgage specialist is a licensed professional who guides homeowners through the process of obtaining a Home Equity Conversion Mortgage (HECM). They explain eligibility requirements, loan terms, and repayment obligations specific to New Jersey law.
Who is eligible for a reverse mortgage in New Jersey?
Eligibility requires that all borrowers be at least 62 years old, own the home outright or have a low mortgage balance, and live in the home as a primary residence. New Jersey law also mandates a financial assessment and independent counseling session.
What are the costs of a reverse mortgage in Phillipsburg?
Costs include an origination fee, appraisal fee, mortgage insurance premium, and closing costs. In New Jersey, origination fees are capped at $6,000 for most HECM loans. Total costs typically range from $2,000 to $8,000 depending on the home value and loan terms.
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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.