In 2024, there were 101 active reverse mortgage loans in Warren County, New Jersey. The average home value in Warren County is $416,063.15.

Click here to get a reverse Mortgage Quote in Warren 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 Warren County

Warren County is located in the state of New Jersey and has a population of approximately 106,926 residents. Known for its picturesque landscapes and charming small towns, Warren County offers a blend of rural beauty and suburban convenience. The county is home to the Delaware Water Gap National Recreation Area, known for its stunning hiking trails and scenic views. Warren County also boasts a rich historical heritage, with landmarks such as the historic Shippen Manor and the Old Stone Church showcasing the area’s colonial past. For seniors looking to tap into their home equity, Warren County offers opportunities for utilizing reverse mortgages. With an average home value of $416,063.15, seniors can leverage their property to supplement their retirement income. The average property tax rate in Warren County is $7,072.68, and with a low average interest rate of 4.15%, seniors can explore the benefits of reverse mortgages as a financial planning tool.

Reverse Mortgage Loan Origination in Warren County

Reverse Mortgage Home Values in Warren County

Reverse Mortgage Interest Rates Warren County

There are approximately 101 active reverse mortgage loans in Warren County. The average interest rate in Warren County is 7.84% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Warren County was $339,444.44 in 2024.

Click here to get a Reverse Mortgage Quote in Warren 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 Warren County, NJ

With the average home value of $339,444.44, 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 Warren 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 Warren 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 »