In 2024, there were 87 active reverse mortgage loans in Hunterdon County, New Jersey. The average home value in Hunterdon County is $601,112.33.

Click here to get a reverse Mortgage Quote in Hunterdon County, New Jersey

To avoid scams, make sure you are working with a licensed lender in New Jersey. South River Mortgage is a fully licensed lender in New Jersey. The NJ state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Residential Mortgage Lender License Licensed by the New Jersey Department of Banking and Insurance in NJ, and our state license identifier is 1854525.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Hunterdon County

Hunterdon County, New Jersey is a picturesque area known for its rolling hills, historic towns, and charming rural landscapes. With a population of around 124,000 residents, Hunterdon County offers a peaceful and idyllic setting for those looking to escape the hustle and bustle of city life. The county is dotted with charming villages, historic sites, and scenic farms, making it a popular destination for both residents and visitors alike. Hunterdon County boasts a rich history dating back to the colonial period, with many historic sites and landmarks that showcase its past. The average home value in Hunterdon County is $601,112.33, with an average property tax of $10,189.80. For seniors looking to tap into their home equity, Hunterdon County’s average interest rate of 4.13% makes it a favorable location for considering a reverse mortgage as a financial option. Reverse mortgages can provide seniors with additional income and financial flexibility during retirement, leveraging the equity built up in their homes over the years to support their living expenses.

Reverse Mortgage Loan Origination in Hunterdon County

Reverse Mortgage Home Values in Hunterdon County

Reverse Mortgage Interest Rates Hunterdon County

There are approximately 87 active reverse mortgage loans in Hunterdon County. The average interest rate in Hunterdon County is 7.82% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Hunterdon County was $410,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Hunterdon County, New Jersey »

Note that our loan origination data will not exactly match FHA’s HECM portfolio snapshot. This discrepancy occurs because FHA’s reports are limited to loans endorsed by FHA (i.e. HECMs only). We use a series of custom data criteria that make it possible to identify all reverse mortgages: HECMs, proprietary, and even single-purpose reverse mortgages.

Jumbo Reverse Mortgage in Hunterdon County, NJ

With the average home value of $410,000.00, you may be wondering about the opportunities for jumbo loans.

The FHA has increased the HECM lending limit to $1,209,750 for 2025. If your property is valued above the HECM lending limit, you may be eligible for additional proceeds through the HomeForLife jumbo reverse mortgage.

Reverse Mortgage Refinance (HECM to HECM) in Hunterdon County

It might make sense to refinance your reverse mortgage. There are many situations where refinancing could be very beneficial to you:

• You want to get more cash out because your home value has increased substantially
• You want to pay less in interest by obtaining a lower interest rate
• You want to add a loved one to the reverse mortgage

As a bonus, South River Mortgage can sometimes provide multiple benefits at once, depending on the situation. There have been cases where we can help secure a lower interest rate and additional cash. In some cases, we have been able to do all three benefits: lower rate, more cash, and adding a son or daughter onto the mortgage.

South River Mortgage can help you refinance your reverse mortgage. Get a quote today »

Reverse for Purchase (HECM for Purchase) in Hunterdon County

You can now purchase a home with a reverse mortgage in {county}, NJ. The reverse for purchase lets homebuyers purchase the home and get a reverse mortgage in a single transaction. The requirements for a reverse for purchase are very similar to the traditional reverse mortgage program.

Purchasing a home with a reverse mortgage has many benefits:

• No monthly mortgage payment (although you’d still be responsible for property taxes and homeowner’s insurance)
• The home being purchased would meet HUD’s property requirements or minimum property standards (this helps keep the home safe for occupants)

Learn what your down payment would be using our Reverse for Purchase calculator. Or, get pre-approved today »