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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) |
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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
Edited by 
Cliff Auerswald
Tom’s River 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 Tom’s River 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.
Tom’s River Reverse Mortgage Facts
| City | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Tom's River (est) | Avg. Home Value |
|---|---|---|---|---|---|
| Tom's River | 19,846 | 65 | 3 | 32 | $396,933 |
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, weighing the positives and negatives 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.
Toms River, New Jersey Reverse Mortgage Lending Limits
Toms River, located in Ocean County, New Jersey, is the 8th most populous municipality in the state. Officially incorporated in February 1798, Toms River has grown to house just under 92,000 residents, with 23% of the population, or 20,741 people, being homeowners aged 62 or older.
Economy and Community
Toms River’s economy thrives on industries like retail trade, construction, professional and scientific services, and healthcare. Beyond work, residents can enjoy attractions such as the Waterhouse Museum, featuring art from Colonel Charles Waterhouse, a U.S. Marine veteran of the Battle of Iwo Jima. Another local favorite is the Casino Pier, offering family-friendly fun and entertainment. The township has also appeared in popular TV shows like Boardwalk Empire and Jersey Shore.
Housing Market and Reverse Mortgage Opportunities
As of January 2024, the median home value in Toms River is $396,933, marking a 14.7% increase over the past year. Many homes in Toms River fall under the federal maximum reverse mortgage lending limit of $1,209,750, qualifying for government-insured HECM loans. However, for homes valued above this limit, senior homeowners may explore jumbo loan programs to access additional home equity.
Ready to Unlock Your Home’s Equity?
As Toms River’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 Toms River’s #1 Rated Reverse Mortgage Lender! Use our reverse mortgage calculator, or call (732) 654-0787 to speak with a friendly expert today.
