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Reverse Mortgage Counseling

Agency: Senior Citizens United Community Services (SCUCS)
Service Description:

Seniors, 62 or older, intending to apply for a Reverse Mortgage are required to be counseled before applying for the loan. SCUCS provides the counseling portion of this process only. Counseling is done by a HUD Certified Counselor. SCUCS cannot recommend individual borrowers to applicant. This type of mortgage provides seniors with a line of credit or a monthly income based on the amount of equity in their home. A counseling session is required for anyone applying for a Reverse Mortgage.

Family members are encouraged to attend the counseling session.

Fees:

None

Eligibility:

Open to senior citizens, ages 62 or older, who meet the following criteria:

- Occupy the home as their primary residence
- House is free of liens
- Must be a single family residence, condominium, or townhouse
- Must be able to clear existing liens

Application Instructions:

Please call and ask to speak with the counselor to make an appointment. Applicants must bring required paperwork to the counseling session.

Last Update: August 03, 2017

Mapit
Address:

537 Nicholson Rd

Audubon, NJ 08106

Web Address:

http://scucs.org/

Areas Served:

New Jersey

Business Hours:

Mon - Fri 9:00am - 4:00pm

Telephones: types, numbers and hours
Type Number Details
Main Phone (856) 456-1121
Fax (856) 547-2685

Email: rmonou@scucs.org

Features:

Hours

  • Open Fridays
  • Open Mondays
  • Open Thursdays
  • Open Tuesdays
  • Open Wednesdays
  • Payment/Funding

  • Free
  • Referral Required

  • No referral required
  • Special Populations

  • Older Adults