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What is a reverse mortgage?
A reverse mortgage is a special type of home loan that lets you as a homeowner convert a portion of the equity your home into cash. The equity built up
over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan or second mortgage, no repayment is required until
you and any other borrower(s) no longer use the home as your principal residence. HUD's reverse mortgage also know as a HECM Loan (Home Equity
Conversion Mortgage) provides these benefits, and it is federally-insured as well.
Can I qualify for a HUD reverse mortgage?
To be eligible for a HUD reverse mortgage, HUD's Federal Housing Administration (FHA) requires that the borrower is a homeowner, 62 years of age or
older; own your home outright, or you are willing to pay off any liens at the closing with proceeds from the reverse loan; and you must live in the home. You
are further required to receive consumer information from HUD-approved counseling sources prior to obtaining the loan. You can call 1-800-400-4134 to
obtain the name and telephone number of a HUD-approved counseling agency.
For more Reverse Mortgage Information click here The Top_10_Things_You_Should_Know About A Reverse Mortgage
A reverse mortgage is a special type of home loan that lets you as a homeowner convert a portion of the equity your home into cash. The equity built up
over years of home mortgage payments can be paid to you. But unlike a traditional home equity loan or second mortgage, no repayment is required until
you and any other borrower(s) no longer use the home as your principal residence. HUD's reverse mortgage also know as a HECM Loan (Home Equity
Conversion Mortgage) provides these benefits, and it is federally-insured as well.
Can I qualify for a HUD reverse mortgage?
To be eligible for a HUD reverse mortgage, HUD's Federal Housing Administration (FHA) requires that the borrower is a homeowner, 62 years of age or
older; own your home outright, or you are willing to pay off any liens at the closing with proceeds from the reverse loan; and you must live in the home. You
are further required to receive consumer information from HUD-approved counseling sources prior to obtaining the loan. You can call 1-800-400-4134 to
obtain the name and telephone number of a HUD-approved counseling agency.
For more Reverse Mortgage Information click here The Top_10_Things_You_Should_Know About A Reverse Mortgage
| Locations |
In New York
OceanFirst Subsidiary Locations
2950 South Expressway Drive
Suite 105
Islandia NY 11749
Diamond Corporate Park
400 Columbus Avenue
Valhalla, New York 10595
Closing Locations:
7 Smith Street
Merrick, NY 11566
4250 Veterans Memorial Hwy
Suite 302
Holbrook, NY 11741
99 B Main St.
Westhampton Beach, NY 11978
426 Jericho Tpk
Syosset, NY 11791
237 West 35th Street, Fourth Floor
New York, New York 10001
425 Broad Hollow Road
Suite 203
Melville, NY 11747
2673 North Highway
South Hampton, NY 11968
110 Walt Whitman Road
South Huntington, NY 11746
98 Cuttermill Road
Great Neck, NY 11020
OceanFirst Subsidiary Locations
2950 South Expressway Drive
Suite 105
Islandia NY 11749
Diamond Corporate Park
400 Columbus Avenue
Valhalla, New York 10595
Closing Locations:
7 Smith Street
Merrick, NY 11566
4250 Veterans Memorial Hwy
Suite 302
Holbrook, NY 11741
99 B Main St.
Westhampton Beach, NY 11978
426 Jericho Tpk
Syosset, NY 11791
237 West 35th Street, Fourth Floor
New York, New York 10001
425 Broad Hollow Road
Suite 203
Melville, NY 11747
2673 North Highway
South Hampton, NY 11968
110 Walt Whitman Road
South Huntington, NY 11746
98 Cuttermill Road
Great Neck, NY 11020
In New Jersey
OceanFirst Bank
Administrative Office
975 Hooper Ave.
Toms River, NJ 08753
Adamston Office
385 Adamston Road
Brick, NJ 08723
Pavilion Office
70 Brick Blvd.
Brick, NJ 08723
Lacey Office
900 Lacey Road
Forked River, NJ 08731
Jackson Office
260 North County Line Road
Jackson, NJ 08527
Point Pleasant Office
Rt. 88 Office
3100 Lakewood Road
Point Pleasant, NJ 08742
Boro Office
2400 Bridge Avenue
Point Pleasant, NJ 08742
Berkeley Office
730 Jamaica Blvd.
Toms River, NJ 08757
Route 37 West Office
55 Bananier Drive
Toms River, NJ 08757
Whiting Commons Office
400 Lacey Rd.
Whiting, NJ 08759
Whiting Office
Whiting Towne Center
108 Lacey Road
Whiting, NJ 08759
Kenilworth Loan
Production Office
1700 Galloping Hill
Kenilworth, NJ 07033
OceanFirst Bank
Administrative Office
975 Hooper Ave.
Toms River, NJ 08753
Adamston Office
385 Adamston Road
Brick, NJ 08723
Pavilion Office
70 Brick Blvd.
Brick, NJ 08723
Lacey Office
900 Lacey Road
Forked River, NJ 08731
Jackson Office
260 North County Line Road
Jackson, NJ 08527
Point Pleasant Office
Rt. 88 Office
3100 Lakewood Road
Point Pleasant, NJ 08742
Boro Office
2400 Bridge Avenue
Point Pleasant, NJ 08742
Berkeley Office
730 Jamaica Blvd.
Toms River, NJ 08757
Route 37 West Office
55 Bananier Drive
Toms River, NJ 08757
Whiting Commons Office
400 Lacey Rd.
Whiting, NJ 08759
Whiting Office
Whiting Towne Center
108 Lacey Road
Whiting, NJ 08759
Kenilworth Loan
Production Office
1700 Galloping Hill
Kenilworth, NJ 07033
Barnegat Office
845 West Bay Ave.
Barnegat, NJ 08005
Brick Office
321 Chambers Bridge Road
Brick, NJ 08723
Concordia Office
Concordia Mall
1600 Perrineville Road
Monroe Twp, NJ 08831
Poet's Square Office
48 Thoreau Drive
Freehold, New Jersey 07728
Little Egg Harbor Plaza Office
425 Route 9 South
Little Egg Harbor, NJ 08087
Manahawkin Office
205 Route 72 West
Manahawkin, NJ 08050
Beach Office
701 Arnold Avenue Point Pleasant
Beach, NJ 08742
Spring Lake Heights Office
2401 Rt. 71 Spring Lake Heights,
NJ 07762
Lake Ridge Office
147 Route 70
Toms River, NJ 08755
Wall Office
2443 Route 34. Manasquan, NJ
08736
Red Bank Loan Production Office
331 Newman Springs Road
Suite 331 Red Bank, NJ 07701
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In home visits and loan closings are available within
the following counties:
In New York:
Nassau & Suffolk Counties on Long Island, Bronx
County Queens County Kings County Staten Island
Manhattan, New York City, Dutchess County, Orange
County, Putnam County, Rockland County, Sullivan
County, Ulster County, Westchester County
In New Jersey:
Atlantic County, Bergen County, Burlington County,
Camden County, Cape May County, Cumberland
County, Essex County, Gloucester County, Hudson
County, Hunterdon County, Mercer County,
Middlesex County, Monmouth County, Morris County,
Ocean County, Passaic County, Salem County,
Somerset County, Sussex County, Union County, &
Warren County
In Pennsylvania:
Berks County, Bucks County, Chester County,
Delaware County, Lancaster County, Lehigh County,
Northampton County, Montgomery County and
Philadelphia County
the following counties:
In New York:
Nassau & Suffolk Counties on Long Island, Bronx
County Queens County Kings County Staten Island
Manhattan, New York City, Dutchess County, Orange
County, Putnam County, Rockland County, Sullivan
County, Ulster County, Westchester County
In New Jersey:
Atlantic County, Bergen County, Burlington County,
Camden County, Cape May County, Cumberland
County, Essex County, Gloucester County, Hudson
County, Hunterdon County, Mercer County,
Middlesex County, Monmouth County, Morris County,
Ocean County, Passaic County, Salem County,
Somerset County, Sussex County, Union County, &
Warren County
In Pennsylvania:
Berks County, Bucks County, Chester County,
Delaware County, Lancaster County, Lehigh County,
Northampton County, Montgomery County and
Philadelphia County
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Reverse Mortgage Loans
Insured by
the Federal Housing Administration
Insured by
the Federal Housing Administration
