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 in Sayreville, NJ
Directory of reverse mortgage specialists in Sayreville, New Jersey. Verify credentials with the state mortgage licensing authority before hiring.
4 agents listed
Updated May 2026
Sayreville, 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 4 reverse mortgage specialists in Sayreville, 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.
Pamela McClellan Motto Mortgage Mentors
380 Washington Rd Suite F, Sayreville, NJ 08872
7324979674
Michael Levine Motto Mortgage Mentors
380 Washington Rd Suite F, Sayreville, NJ 08872
7322672067
Motto Mortgage Mentors
380 Washington Rd Suite F, Sayreville, NJ 08872
3477339254
Mary Gardner Motto Mortgage Mentors
380 Washington Rd Suite F, Sayreville, NJ 08872
6465416260
A reverse mortgage specialist in Sayreville, New Jersey helps homeowners aged 62 and older convert part of their home equity into tax-free funds. In New Jersey, borrowers must complete a HUD-approved counseling session before applying. Sayreville residents often use these loans to supplement retirement income or cover home repairs while remaining in their homes.
What Does a Reverse Mortgage Specialist in Sayreville Cost?
Typical costs for a reverse mortgage in New Jersey include an origination fee of up to 2 percent of the home value (capped at $6,000), a mortgage insurance premium of 2 percent of the appraised value, and third-party fees such as appraisal and title search. Total closing costs often range from $5,000 to $12,000 depending on the home value and lender. These costs can be financed into the loan so you pay little upfront. 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 Sayreville?
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 requires you to attend a counseling session with a HUD-approved counselor before you can apply.
Are reverse mortgage proceeds taxable in New Jersey?
Reverse mortgage proceeds are not considered income by the IRS or the State of New Jersey. They are loan advances, so you do not pay state income tax on the funds you receive. However, you remain responsible for property taxes and homeowners insurance.
What happens to the loan when the last borrower leaves the home?
The loan becomes due when the last borrower dies, sells the home, or permanently moves out. Heirs have 30 days under New Jersey law to decide whether to pay off the loan or sell the property. They may also choose to do a short sale or deed in lieu of foreclosure.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Sayreville 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.