In 2024, there were 500 active reverse mortgage loans in Middlesex County, New Jersey. The average home value in Middlesex County is $564,867.80.

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

Middlesex County is located in the state of New Jersey and is home to a diverse population of approximately 829,685 residents. The county boasts a mild climate with warm summers and cool winters, making it a desirable place to live for those who enjoy a variety of seasonal weather. Known for its rich history and cultural diversity, Middlesex County offers a wide range of attractions including parks, museums, and historic sites. With an average home value of $564,867.80 and property tax of $8,844.02, Middlesex County is a popular destination for homeowners looking for a mix of affordability and quality of life. For seniors looking to supplement their income or access their home equity, a reverse mortgage may be a viable option. With an average interest rate of 4.33%, seniors in Middlesex County can leverage the value of their homes to support their financial needs in retirement.

Reverse Mortgage Loan Origination in Middlesex County

Reverse Mortgage Home Values in Middlesex County

Reverse Mortgage Interest Rates Middlesex County

There are approximately 500 active reverse mortgage loans in Middlesex County. The average interest rate in Middlesex County is 7.57% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Middlesex County was $450,319.15 in 2024.

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

With the average home value of $450,319.15, 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 Middlesex 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 Middlesex 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 »