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

Greenlight Financial Services
877-773-2783
NRMLA #3842

Urban Financial of America (UFA)
800-469-7383
NRMLA #3858

Advisors Mortgage Group, LLC
(800) 657-1080
NRMLA #18083

Cliffco Mortgage Bankers
800-834-4040
NRMLA #4062

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

Vanguard Funding LLC
877-881-0010
NRMLA #17044

Liberty Home Equity Solutions, Inc.
800-218-1415
NRMLA #5771
All Island Mortgage & Funding Corp.
888-660-3033
NRMLA #4702

Net Equity Financial, Inc.
800-516-0822 ext. 3543
NRMLA #4733
Investors Home Mortgage
800-965-3006
NRMLA #4625