New Jersey Reverse Mortgage Lenders
New Jersey is home to a lot of commuters to Manhattan who seek more reasonable cost of living. Residents of cities such as Jersey City, Paterson, Edison, Toms River, Trenton, Camden, Cherry Hill and of course, Newark, all are eligible to take out the new reverse mortgage loans. The new reverse mortgage loans can be used for any purpose by the borrower. Personal finance experts recommend only opting for a reverse mortgage as a last resort for seniors who are strapped for cash. Consider downsizing into a smaller home or borrowing cash through a HELOC before considering a reverse mortgage.Reverse Mortgage Requirements
- All borrowers on the loan must be age 62 or older
- Complete a reverse mortgage counseling session.
- Must have enough equity in the property
- Property must be a single-family home, townhome, HUD approve condo or certain manufactured homes. Co-ops are not eligible for a reverse mortgage.
Featured New Jersey Reverse Mortgage Lender

M&T Bank
866-265-6828
NRMLA #229

Fulton Mortgage Company
866-750-8762
NRMLA #4292

Strock & Tanner Mortgage Corp.
855-337-1600
NRMLA #17724

Vanguard Funding LLC
877-881-0010
NRMLA #17044

Net Equity Financial, Inc.
800-516-0822 ext. 3543
NRMLA #4733

Amboy Bank
800-942-6269
NRMLA #4276

Greenlight Financial Services
877-773-2783
NRMLA #3842

Equity Loans, LLC
877-255-3554 x200
NRMLA #12106

Liberty Home Equity Solutions, Inc.
800-218-1415
NRMLA #5771
Investors Home Mortgage
800-965-3006
NRMLA #4625