New Jersey's #1 Rated Reverse Mortgage

Michael G. Branson, CEO of All Reverse Mortgage, Inc., and moderator of ARLO™, has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively. (License: NMLS# 14040)

All Reverse Mortgage's editing process includes rigorous fact-checking led by industry experts to ensure all content is accurate and current. This article has been reviewed, edited, and fact-checked by Cliff Auerswald, President and co-creator of ARLO™. (License: NMLS# 14041)

Michael G. Branson, CEO of All Reverse Mortgage, Inc., and moderator of ARLO™, has 45 years of experience in the mortgage banking industry. He has devoted the past 20 years to reverse mortgages exclusively. (License: NMLS# 14040)

All Reverse Mortgage's editing process includes rigorous fact-checking led by industry experts to ensure all content is accurate and current. This article has been reviewed, edited, and fact-checked by Cliff Auerswald, President and co-creator of ARLO™. (License: NMLS# 14041)

By Michael G. Branson   Edited by Cliff Auerswald

Reverse Mortgages in New Jersey: A Comprehensive Guide

If you’re a New Jersey homeowner aged 62 or older, a reverse mortgage could be a valuable tool to help you unlock the equity in your home and improve your financial security during retirement.  In this guide, we’ll cover everything you need to know about reverse mortgages in New Jersey, including key facts, the latest statistics, top lenders, and essential protections.

New Jersey’s Trusted Reverse Mortgage Lender

At All Reverse Mortgage, Inc. (ARLO™), we’ve spent two decades serving homeowners across the U.S., including New Jersey, earning our reputation as a #1 Rated Reverse Mortgage provider.  With an A+ rating from the Better Business Bureau and countless 5-star reviews, we’re known for offering exceptional service, competitive rates, and lower costs.

Since 2004, our mission has been to help homeowners make the most of their home equity. Whether it’s paying off an existing loan, creating a safety net with a growing line of credit, or simply enjoying financial peace of mind, we provide personalized guidance every step of the way.  Our team even pioneered the first fixed-rate jumbo reverse mortgage in 2008, giving us unmatched expertise in these innovative loan programs.

As a HUD-approved reverse mortgage lender, we offer both HECM & Jumbo Reverse Mortgages tailored to your unique situation.  While jumbo loans can be an excellent choice for higher-value homes, they often come with lower Principal Limits.  Our experts will help you weigh the benefits and make the decision that’s right for your goals.

Across New Jersey, homeowners aged 62 and older are embracing reverse mortgages not as a last resort, but as a sound retirement strategy.  From eliminating monthly payments to accessing growing credit lines, our clients continue to enjoy the comfort of staying in their homes while planning for a secure future.

At All Reverse Mortgage, Inc. (ARLO™), we look forward to serving you with the professionalism, transparency, and care that have defined our company from the start.

We’re fully licensed by the Department of Banking & Insurance (License/Registration #N000018109), ensuring that you receive expert guidance every step of the way.

Key Facts About Reverse Mortgages in New Jersey

• Eligibility: For HECM loans, you must be 62 or older and own a home in New Jersey.  If you’re 55 or older, you may qualify for our jumbo and proprietary reverse mortgage products, which are designed for higher-value homes and offer more flexibility.
• Loan Types: Choose from HECM (federally insured) or jumbo reverse mortgages tailored to your needs.
• No Monthly Payments: With a reverse mortgage, you won’t need to make monthly mortgage payments as long as you live in the home.
• Flexible Payout Options: Access your home equity through lump sums, monthly payments, or a growing line of credit.
• Protections: New Jersey offers additional consumer protections to ensure transparency and fairness throughout the process.

Latest New Jersey Reverse Mortgage Statistics (2025)

Latest New Jersey Reverse Mortgage Statistics

Top Reverse Mortgage Lenders in New Jersey

New Jersey Reverse Mortgage Lending Limits

New Jersey, known as “The Garden State,” is home to nearly 9 million people, with over 560,000 of them being homeowners aged 62 and older. This means that well over half a million New Jersey residents may qualify for a reverse mortgage, offering a way to access their home’s equity.

As of January 2024, the average home value in New Jersey is $538,363, which is comfortably below the HECM reverse mortgage lending limit of $1,209,750. This allows many homeowners to take advantage of their home’s value through a reverse mortgage.

New Jersey’s history is rich and storied, beginning with the Native Americans who lived in the area for thousands of years before European settlers arrived. The Dutch were the first Europeans to claim the region, but New Jersey became one of the original 13 colonies to rebel against British rule, earning its place as one of the founding states of the United States.

New Jersey played a pivotal role in the American Revolution, earning the nickname “the Crossroads of the American Revolution.” It was here that General George Washington led his famous crossing of the Delaware River on Christmas night in 1776, resulting in a crucial victory at the Battle of Trenton.

After gaining independence, New Jersey became the third state to ratify the U.S. Constitution and was the first to ratify the Bill of Rights. The state’s economic growth in the 19th century was fueled by the Industrial Revolution, with factories springing up in cities like Camden, Paterson, Newark, Trenton, and Elizabeth.

In the 20th century, New Jersey continued to grow, playing a key role in wartime manufacturing during both World Wars. The state’s prime location between major cities like New York and Philadelphia spurred suburban growth in the latter half of the century.

Today, New Jersey’s economy is driven by pharmaceuticals, finance, chemical development, telecommunications, and tourism industries. Atlantic City remains a popular destination for entertainment and gambling, with the first legalized casino opening in 1978.

If you’re a homeowner aged 62 or older in New Jersey, a reverse mortgage could be a valuable financial tool for your retirement. Whether you’re looking to eliminate monthly mortgage payments or access additional funds from your home’s equity, All Reverse Mortgage, Inc. (ARLO™) is here to help. We’re ready to answer your questions and guide you through the process.

Essential Protections for New Jersey Borrowers

New Jersey provides key consumer protections for reverse mortgage borrowers to ensure transparency and safeguard your interests. Here’s what you need to know:

1. Mandatory HUD-Approved Counseling
   Before applying for a reverse mortgage in New Jersey, you are required to complete a HUD-approved counseling session.  This step ensures you fully understand the loan terms, potential risks, and alternative options.
2. Prohibition on Tied Products
   New Jersey law prohibits lenders from requiring you to purchase additional financial products, such as annuities or life insurance, as a condition for obtaining a reverse mortgage.  This prevents unnecessary financial pressure during the process.
3. Borrower Notifications
   Lenders in New Jersey must provide clear written disclosures explaining the borrower’s obligations, including maintaining property taxes, homeowners insurance, and home upkeep. Failure to meet these obligations can result in loan default.
4. Licensed and Regulated Lenders
   Reverse mortgage lenders in New Jersey must be licensed and comply with the New Jersey Department of Banking and Insurance (DOBI) regulations.  This ensures you are working with reputable professionals who meet strict consumer protection standards.
5. Equity Preservation Protections
   New Jersey has safeguards in place to ensure that borrowers or their heirs retain any remaining equity after the reverse mortgage is repaid.  This non-recourse feature means you’ll never owe more than the home’s value at the time of repayment.
6. Foreclosure Protections
   In New Jersey, borrowers are protected by the state’s foreclosure process, which includes mandatory notices and opportunities to resolve defaults, such as unpaid taxes or insurance, before foreclosure proceedings begin.

HUD-Approved Reverse Mortgage Counseling Agencies in New Jersey

Did you know? New Jersey does not mandate in-person counseling. Visit our counseling page for a list of phone-based counseling agencies, and you can conduct your required counseling from the comfort of your home.

Other Areas of Interest in New Jersey

Brick Township Jackson Township Manchester Neptune Township Tom's River

Ready to Unlock Your Home’s Equity?

As New Jersey’s #1 Rated Reverse Mortgage Lender, All Reverse Mortgage, Inc. (ARLO™) is here to provide trusted guidance, real-time rates, and expert support to help you make informed decisions.

✔ No obligations. Just real-time rates and expert advice.
✔ Instant quote. No personal info required.
✔ Licensed experts. Get clear, honest answers.

As a fully licensed lender by the Department of Banking & Insurance (License #0509639), we’re committed to helping you secure the retirement you deserve.

Get Your Free Quote from New Jersey’s #1 Rated Reverse Mortgage Lender! Use our reverse mortgage calculator, or call (800) 565-1722 to speak with a friendly expert today.

Additional Resources:
Reversemortgage.org NRMLA Members in New Jersey
HUD.GOV Approved Lenders Search