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Find Reverse Mortgage Specialists Near You in Spring Lake, NJ
Compare reverse mortgage specialists in Spring Lake. Review contact information and insurance categorys before you decide.
2 agents listed
Updated May 2026
Spring Lake, 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 2 reverse mortgage specialists in Spring Lake, 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.
Nick Jacoski
1001 NJ-71 Fl 1 & 2, Spring Lake, NJ 07762
9082356303
Keypoint Mortgage
2025 NJ-71, Spring Lake, NJ 07762
7324493316
A reverse mortgage specialist in Spring Lake, New Jersey helps older homeowners convert part of their home equity into tax-free funds without selling their home. New Jersey law requires that borrowers complete a HUD-approved counseling session before applying for a Home Equity Conversion Mortgage (HECM). Spring Lake residents often use these funds for home repairs, healthcare costs, or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Spring Lake Cost?
Reverse mortgage costs in New Jersey typically include an origination fee of up to 2 percent of the home value (capped at 6 thousand dollars for higher value homes), a mortgage insurance premium of 2 percent of the appraised value, and third-party fees such as appraisal and title search. Total closing costs generally range from 5 thousand to 10 thousand dollars. These costs are usually financed into the loan. 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 age requirements for a reverse mortgage in Spring Lake New Jersey?
Borrowers must be at least 62 years old. For a HECM loan, all titleholders must meet this age requirement. New Jersey does not have any additional age exceptions beyond federal HUD rules.
Do I need counseling before getting a reverse mortgage in New Jersey?
Yes, New Jersey law requires all borrowers to complete a counseling session with a HUD-approved agency. This session must occur before you can submit a loan application. The counselor will explain loan terms, costs, and alternatives.
Can I lose my home with a reverse mortgage in Spring Lake?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. New Jersey law does not provide additional protections beyond federal HECM rules. You must also continue living in the home as your primary residence.
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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.