New Jersey Reverse Mortgage Market Report
Statewide HECM Portfolio • Regulatory Framework: Standard HUD/FHA
New Jersey Executive Market BLUF
Ocean County, NJ is home to over 40 age-restricted active adult retirement communities. Reverse mortgages in NJ serve as a key tool for senior property tax relief and long-term in-home care financing.
Strategic Key Takeaways
- •Statewide senior home equity: $710.0 Billion.
- •Average Maximum Claim Amount (MCA): $570,000.
- •Annual endorsement momentum: +8.0% YoY.
- •Regulatory category: Standard HUD/FHA.
1,860,000 seniors age 62+
Rank #10 Nationwide
Prior Year: 1,120
Median Home: $510,000
New Jersey HECM Endorsement History
Annual volume trajectory vs average claim amount
Top HECM Origination Counties in New Jersey
21 Total Counties TrackedNew Jersey County-Level HECM & Senior Equity Directory (21 Jurisdictions)
Complete county-by-county reverse mortgage endorsements, average Maximum Claim Amounts, and senior housing wealth in New Jersey.
| County | FIPS | Endorsements YTD | Avg MCA | Senior Equity | YoY Velocity |
|---|---|---|---|---|---|
| Essex County | 34013 | 394 | $503,820 | $22.1B | +6.5% |
| Ocean County | 34029 | 310 | $370,980 | $19.9B | +6.5% |
| Morris County | 34027 | 300 | $574,344 | $19.2B | +6.5% |
| Hudson County | 34017 | 291 | $525,852 | $17.0B | +6.5% |
| Union County | 34039 | 281 | $494,640 | $15.4B | +6.5% |
| Camden County | 34007 | 280 | $260,604 | $8.1B | +6.5% |
| Burlington County | 34005 | 272 | $328,968 | $10.0B | +6.5% |
| Passaic County | 34031 | 263 | $446,580 | $13.1B | +6.5% |
| Mercer County | 34021 | 201 | $353,808 | $7.9B | +6.5% |
| Somerset County | 34035 | 188 | $528,660 | $11.1B | +6.5% |
| Bergen County | 34003 | 180 | $606,420 | $37.9B | +6.5% |
| Atlantic County | 34001 | 172 | $274,428 | $5.3B | +6.5% |
| Gloucester County | 34015 | 164 | $286,416 | $5.2B | +6.5% |
| Monmouth County | 34025 | 160 | $560,844 | $24.6B | +6.5% |
| Middlesex County | 34023 | 120 | $444,852 | $22.1B | +6.5% |
| Cape May County | 34009 | 89 | $402,084 | $4.0B | +6.5% |
| Sussex County | 34037 | 88 | $348,084 | $3.4B | +6.5% |
| Hunterdon County | 34019 | 85 | $516,888 | $4.9B | +6.5% |
| Cumberland County | 34011 | 80 | $208,332 | $1.9B | +6.5% |
| Warren County | 34041 | 68 | $326,484 | $2.5B | +6.5% |
| Salem County | 34033 | 40 | $224,856 | $1.0B | +6.5% |
Calculate Borrowing Power in New Jersey
Institutional FHA HECM Principal Limit Calculator
HUD Mortgagee Letter 2017-17 Actuarial Matrix • Active FHA MCA Cap: $1,149,825
Under HUD ML 2014-07, spouses of any age can be named as an Eligible Non-Borrowing Spouse, securing statutory rights to remain in the home indefinitely after the borrowing spouse passes away.
Available immediately as an unused, guaranteed growing Line of Credit, or distributed as monthly tenure payments for life.
10-Year Line of Credit Compounding Trajectory
| Year | Available Line | Loan Balance | Est. Retained Equity |
|---|---|---|---|
| Year 0 | $149,600 | $139,000 | $511,000 |
| Year 2 | $170,478 | $158,398 | $537,898 |
| Year 4 | $194,269 | $180,504 | $565,386 |
| Year 6 | $221,380 | $205,694 | $593,322 |
| Year 8 | $252,275 | $234,400 | $621,526 |
| Year 10 | $287,482 | $267,112 | $649,777 |