Reverse mortgage in New Jersey
From HUD's own loan records, you can see which lenders offer loans in New Jersey, where those loans are located and which counselors provide help.
- In one year, 681 HECMs closed in New Jersey
- HUD's figure for Median home value was $530,000
- Finance of America Reverse handled the most HECMs in New Jersey (200)
HUD's HECM records show 681 reverse mortgages closed in New Jersey during September 2025 through August 2026, 2.8% of the 24,529 recorded nationwide and the 11th highest among the 50 states and DC.
Among the total, 8 helped buyers purchase homes with a HECM for Purchase, 103 refinanced older HECMs and 31 met the $1,249,125 value cap.
National comparison for New Jersey HECMs
The two rows at the bottom come from the calculator.
| New Jersey | Against all HECMs | |
|---|---|---|
| HECMs closed | 681 | 2.8% of all 24,529 |
| Median home value counted | $530,000 | $90,000 more |
| Median principal limit | $245,280 | $51,108 more |
| Principal limit as a share of value | 46% | 2.6 points higher |
| Median expected rate | 5.875% | the same |
| HECM for Purchase | 1.2% | 4.3 points lower |
| Refinanced HECMs | 15.1% | 4.3 points higher |
| Lenders with a loan here | 23 | of 34 nationwide |
| Remaining after costs at age 70 with a median home and no mortgage | $184,480 | $32,940 more |
| Usable in the first year at age 70 | $102,648 | $19,044 more |
New Jersey HECM lenders ranked by loan totals
A total of A total of 23 lenders sponsored HECMs in New Jersey. Finance of America Reverse, Longbridge Financial and Mutual of Omaha Mortgage led the group. Together, they made 505 of the 681 loans (74%). Put these results side by side with the national ranking.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 | Finance of America Reverse | 200 | 29.4% |
| 2 | Longbridge Financial | 160 | 23.5% |
| 3 |  | 145 | 21.3% |
| 4 | South River Mortgage | 32 | 4.7% |
| 5 | PHH Mortgage | 27 | 4% |
| 6 |  | 18 | 2.6% |
| 7 |  | 18 | 2.6% |
| 8 | Plaza Home Mortgage | 16 | 2.3% |
| 9 |  | 10 | 1.5% |
| 10 | Traditional Mortgage Acceptance Corporation | 8 | 1.2% |
New Jersey lenders and brokers that originated HECMs locally
A total of 100 companies received New Jersey HECM applications. Other than the national names in the New Jersey lender ranking, the companies that originated the most were Wilmington Savings Fund Society (22), Caliver Beach Mortgage (22), Opulence Funding (14), Loandepot.com (12), Jet Direct Funding (11), Carrington Mortgage Services (9), New American Funding (8) and East Coast Capital (6). These counts are of the company that originated each loan, while the ranking above counts the lender that sponsored it, so the two lists are not comparable.
Locations of New Jersey HECMs
Ocean County ranked first with 118 of the 681 loans; Monmouth had 77. The cities with the highest totals were Toms River (35), Brick (16), Monroe Twp (12), Willingboro (11) and Somerset (11). City names are the mailing city on each HUD record and can reach into nearby counties, so a city's count need not match the county table.
| County | HECMs | Share |
|---|---|---|
| Ocean | 118 | 17.3% |
| Monmouth | 77 | 11.3% |
| Bergen | 73 | 10.7% |
| Burlington | 54 | 7.9% |
| Middlesex | 49 | 7.2% |
| Camden | 37 | 5.4% |
HUD-approved counselors for reverse mortgages in New Jersey
In New Jersey, HUD lists 5 agencies that counsel on reverse mortgages, based in 4 cities, with phone numbers in HUD's counselor search tool.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Eatontown, NJ | Affordable Housing Alliance | phone, in person, online, group | Czech, English, Polish, Russian, Spanish |
| Hackensack, NJ | County of Bergen, Dept. of Human Services, Division of Senior Services | phone | English |
| Manalapan, NJ | Navicore Solutions | phone, in person | English, Spanish |
| Manalapan, NJ | Navicore Solutions - Manalapan, Nj | phone, in person | English, Spanish |
| Roseland, NJ | Credit.org - New Jersey Branch | phone, in person | English, Spanish |
Property tax relief for older New Jersey homeowners
In New Jersey, Stay NJ gives property tax relief to people aged 65 or over during 2025 whose total yearly income is $200,000 or less. NJ Division of Taxation - Stay NJ - Property Tax Relief for Senior Citizens.
Who oversees reverse mortgage lenders in New Jersey
Residential mortgage lenders and brokers are licensed by the agency responsible in New Jersey, the Department of Banking and Insurance. NJDOBI | Mortgage Loan Originator.
Based on the HUD HECM portfolio snapshot, the period runs from September 2025 to August 2026. Every state.