Jackson Township Reverse Mortgage Lenders
At All Reverse Mortgage, Inc. (ARLO™), we are proud to be New Jersey’s #1 Rated Reverse Mortgage Lender, as recognized by the Better Business Bureau. We have a perfect 5-star rating and an A+ exemplary score. We’ve been serving New Jersey homeowners since 2004 and are dedicated to providing reverse mortgages that help you enjoy your retirement years with peace of mind.
We understand that you deserve the best possible rate with the lowest costs. That’s why we focus solely on reverse mortgages, ensuring you receive expert guidance every step of the way. As a HUD-approved direct lender, we offer both national HECM programs and specialized jumbo Reverse Mortgages for homeowners with higher-value properties in Jackson and the surrounding area.
We invite you to compare our customer reviews, lower rates, and closing costs with those of any other lender. We’re confident you’ll see the difference, and we look forward to helping you achieve your financial goals.
All Reverse Mortgage, Inc. is licensed by the Department of Banking & Insurance (License/Registration #N000018109)
Jackson Township Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Jackson Township (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Jackson Township | 3,340 | 19 | 0 | 13 | $556,930 |
HUD Approved Direct Lender
All Reverse Mortgage, Inc. (ARLO™) is approved by the Department of Housing and Urban Development (HUD) to originate, underwrite and close the HUD
Home Equity Conversion Mortgage (HECM, or “Heck-um”). The HECM is HUD’s acronym for their reverse mortgage loan.
All Reverse Mortgage, Inc. (ARLO™) originates in Jackson Township and closes both refinance loans, where borrowers already own their home and are looking to either
pay off their existing loan and have no more monthly mortgage payment, utilize their equity for other purposes if they have no existing loan, or possibly
a combination of both.
About All Reverse Mortgage, Inc.
The owners and management of All Reverse Mortgage, Inc. were part of the team that introduced and sold the first fixed-rate jumbo reverse mortgage in 2008. With extensive experience in jumbo and proprietary loan programs, we continuously seek new products to better serve borrowers with high-value homes, particularly in markets where the HUD HECM may not fully meet their needs. While jumbo or proprietary programs typically offer lower Principal Limits relative to home values, they can be an ideal option for certain borrowers.
Our seasoned originators are well-equipped to help borrowers understand which program best suits their needs. They weigh the pros and cons of each option so that they can make an informed decision. It is not uncommon to find markets where a HUD HECM is the right fit, while a nearby area may benefit more from a niche jumbo program.
Homeowners aged 62 and above increasingly recognize that reverse mortgages can be a solid financial tool, not just a last resort. From eliminating existing mortgage payments to establishing a growing line of credit, reverse mortgages allow borrowers to live comfortably in their family homes while planning for the future.
Jackson Township, New Jersey Reverse Mortgage Lending Limits
Jackson Township, named after President Andrew Jackson, was officially incorporated in 1844. With an estimated population of 56,733 residents, 20% of whom are seniors aged 62 and older, the township is a vibrant community in Ocean County.
Economic Drivers and Local Attractions
Jackson Township’s economy is primarily driven by healthcare and manufacturing but also includes sectors like retail trade, education, finance, and food service. The township is also known for its many attractions, including Six Flags Great Adventure, home to the world’s tallest and second-fastest roller coaster, Safari Off Road Adventure, and Six Flags Hurricane Harbor. With average summer temperatures near 80°F, residents have plenty of opportunities to enjoy these local gems.
Housing Market and Reverse Mortgage Opportunities
As of January 2024, the median home value in Jackson Township is $556,930, reflecting a 16% increase over the last year. While many homes are valued below the federal maximum reverse mortgage lending limit of $1,209,750, some higher-valued properties may benefit from jumbo loan programs, which allow senior homeowners to access more of their home’s equity.
How a Reverse Mortgage Can Benefit You
If you’re a homeowner aged 62 or older in Jackson Township, a reverse mortgage could be a valuable financial tool. Whether you’re looking to eliminate monthly mortgage payments or access additional funds, All Reverse Mortgage, Inc. (ARLO™) is here to guide you through the process.
Give us a call today Toll-Free at (800) 565-1722, or visit our reverse mortgage calculator to explore your options and see how much you could access with a reverse mortgage. We’re here to help you make informed decisions and ensure a confident and comfortable retirement.
