New Jersey Reverse Mortgage Counseling

In order to qualify for a U.S. Government-insured reverse mortgage, a borrower must receive reverse mortgage counseling from a counseling agency that is approved and certified by the Federal Housing Administration (FHA).

The counseling session is free of charge and you will receive a Certificate of Counseling in the mail once you have completed the counseling.
Once you receive your certificate, please sign it and forward the original signed copy of the counseling certificate to us at Residential Reverse Mortgage so that we can include it in your loan application package and verify that you have completed this federal requirement.
We can not steer, direct, recommend, or otherwise encourage a client to seek the services of any one particular counseling agency, so here are some resources to use:

Money Management International (MMI) 877-908-2227

National Foundation for Credit Counseling (NFCC) 866-698-6322

AARP 800-209-8085

HUD also maintains a list of counselors at the link below

These companies have counseling offices throughout the country and usually offer 3 convenient and flexible options for completing the reverse mortgage counseling:

An in-person counseling session at one of their local locations
A telephone interview session
An internet-based live chat session online

The counseling generally takes less than one (1) hour and during the session the counselor will explain the various reverse mortgage programs, help you evaluate your financial needs, and provide information on other programs that may meet your needs.
Please feel free to call us with any questions regarding counseling and we will be glad to help 888-NOW-REVERSE(888-669-7383).

Residential Reverse Mortgage
800-987-7740

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Must be a valid U.S phone number to receive package. We DO NOT share your information.
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I would like to receive important updates from FHA and HUD about Reverse Mortgages as soon as you get them.

Reverse Mortgages Gaining Popularity
FY 2008 FY 2007 FY 2006 FY 2005 FY 2004 FY 2003 FY 2002 FY 2001 FY 2000 FY 1999 FY 1998 FY 1997 FY 1996 FY 1995 FY 1994 FY 1993 FY 1992 FY 1991 FY 1990	112,154 107,558 76,351 43,131 37,829 18,097 13,049 7,781 6,640 7,982 7,896 5,208 3,596 4,165 3,365 1,964 1,019 389 157 Loans
The federal fiscal year starts October 1 and runs through September 30 of the following year. Statistics Source : HUD