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Compare Reverse Mortgage Specialists in Red Bank, NJ
Looking for a reverse mortgage specialist in Red Bank? Review the directory below to compare your options.
14 agents listed
Updated May 2026
Red Bank, 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 14 reverse mortgage specialists in Red Bank, 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.
Advisors Mortgage Group - Red Bank
74 NJ-35, Red Bank, NJ 07701
8007789044
Advisors Mortgage Group - Red Bank, NJ (Downtown)
130 Maple Ave Unit 10A, Red Bank, NJ 07701
7326956099
Alpha Funding
218 Broad St, Red Bank, NJ 07701
9089004894
Waterville Mortgage
157 Broad St UNIT 304, Red Bank, NJ 07701
7322176000
Absolute Home Mortgage Corporation
70 White St, Red Bank, NJ 07701
7327493333
Navesink Home Loans
140 Broad St Suite 200, Red Bank, NJ 07701
7322413555
LoanGeek
331 Newman Springs Rd Suite 320, Red Bank, NJ 07701
8885924335
Alex Reilley at Prosperity Home Mortgage - Red Bank
350 NJ-35, Red Bank, NJ 07701
2152801556
Emanuel Murrell with Nexa Mortgage- New Jersey
331 Newman Springs Rd, Red Bank, NJ 07701
7323001705
DreamLife Processing
140 Broad St Suite 200, Red Bank, NJ 07701
7325766999
Home Mortgage Advisors LLC
54 Broad St suite 200b, Red Bank, NJ 07701
9084949070
Wei Zhao - 58743 - Wells Fargo Home Mortgage
331 Newman Springs Rd Building 2 Floor 2, Red Bank, NJ 07701
7325868318
Robert Lowe NMLS #408742 - Reverse Mortgage at Family First Funding LLC
280 NJ-35 Suite 400, Red Bank, NJ 07701
9734497702
Fred Grise
20 White St, Red Bank, NJ 07701
7186448664
A reverse mortgage specialist in Red Bank helps homeowners aged 62 and older convert home equity into cash without monthly payments. New Jersey law requires borrowers to receive counseling from a HUD-approved agency before applying. Red Bank residents often use these loans to supplement retirement income or pay for home improvements.
What Does a Reverse Mortgage Specialist in Red Bank Cost?
Typical costs for a reverse mortgage in New Jersey include an origination fee up to $6,000, a mortgage insurance premium of 2 percent of the home value, and third-party fees for appraisal and title search. Total closing costs often range from $5,000 to $15,000 depending on the loan amount and property value. 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 eligibility requirements for a reverse mortgage in Red Bank 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 also mandates a counseling session with a HUD-approved counselor before you can proceed.
How much can I borrow with a reverse mortgage in Red Bank?
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 $1,149,825 as of 2024. Older homeowners generally qualify for higher loan amounts.
Are reverse mortgage proceeds taxable in New Jersey?
No, reverse mortgage proceeds are not considered income and are not subject to New Jersey state income tax. However, you must still pay property taxes and homeowners insurance. Failure to pay these can lead to loan default and foreclosure.
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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.