Find Reverse Mortgage Specialists Near You in Trenton, NJ
Browse reverse mortgage specialists serving Trenton, New Jersey. Contact information and addresses listed below.
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
State Mortgage Licensing Authority of New Jersey before hiring.
Showing 4 reverse mortgage specialists in Trenton, 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.
What Does a Reverse Mortgage Specialist in Trenton Cost?
Typical costs for a reverse mortgage in New Jersey include an origination fee up to 2 percent of the home value capped at 6000 dollars. Third party fees such as appraisal title search and recording fees range from 1000 to 3000 dollars. Mortgage insurance premiums equal 2 percent of the home value upfront plus 0.5 percent annually. Counseling costs 125 to 250 dollars but some agencies offer reduced fees. 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 Trenton New Jersey?
Borrowers must be at least 62 years old. If there are two borrowers the younger spouse must meet the age requirement. New Jersey law follows federal HUD guidelines for age eligibility.
Do I need counseling before getting a reverse mortgage in New Jersey?
Yes New Jersey requires all borrowers to complete a counseling session with a HUD approved counselor. The session covers loan costs alternatives and your rights. The counselor must be independent from the lender.
What property types qualify for a reverse mortgage in Trenton?
Qualifying properties include single family homes HUD approved condominiums and manufactured homes that meet FHA standards. Two to four unit properties are eligible if the owner occupies one unit. Cooperatives and mobile homes do not qualify.