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Compare Ohio's Best Reverse Mortgages

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In your current area homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with nationwide!
The amount you receive is based on your home’s value, your age, and current interest rates. Let’s start with your address so I can estimate your home value…
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The minimum qualifying age for a reverse mortgage is 55. If you are within 6 months from your next birthday, I will automatically calculate you a year older.
Tip! Don’t forget to include your spouse’s age, even if they are not yet 55, as loan proceeds are always based on the age of the youngest spouse.
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Top 10 Reverse Mortgage Lenders in Ohio

Lender Rating Experience Stars (0-5) Good Reviews Complaints BBB
All Reverse Mortgage, Inc. (ARLO) A+ 18 Yrs. 4.98 99% 0 Source
American Advisors Group (AAG) B+ 18 Yrs. 4.6 93% 101  Source
HighTech Lending Inc A+ 16 Yrs. N/A 0% 0 Source
Fairway Independent Mortgage A+ 26 Yrs. 4.97 99% 50 Source
Finance of America Reverse LLC (FAR) A+ 19 Yrs. 2.33 40% 12  Source
Liberty Home Equity Solutions Inc. A+ 19 Yrs. 2.00 40% 2 Source
Longbridge Financial LLC A+ 10 Yrs. 4.22 81% 14 Source
Mutual of Omaha Mortgage A+ 9 Yrs. 4.88 97% 45 Source
Open Mortgage LLC A+ 19 Yrs. 2.10 47% Source
Reverse Mortgage Funding LLC A+ 10 Yrs. 3.96 83% 23 Source
Reviews Updated: 12/03/2022
The BBB is one of the last review sites that does not accept monetary influence in their ratings or posted reviews.
 

Ohio Reverse Mortgage Facts

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in OhioAvg. Home Value
Ohio146,4973582046$220,400 

Ohio Lending Limits

The Buckeye state has a population of 11,689,442 and 863,528 of those people are homeowners age 62 and older, which means almost one million people may be eligible for a reverse mortgage.

The median home value in Ohio is $220,400, which is much lower than the HECM reverse mortgage lending limit of $1,089,300.

The 17th century brought the Iroquois tribe west from what is now New York to the present-day Ohio near the Ohio River, named from the Iroquois word “Ohiyo,” translated as “the great river.” In 1788, Revolution War veterans led by Rufus Putnam established Marietta, Ohio’s first European settlement, the oldest white settlement in the U.S. Fifteen years later, in 1803, Ohio became the 17th state of the Union.

In 1816, the state legislature incorporated the city of Columbus and named it the state’s capital due to its centralized location and proximity to transportation. Today, with nearly 880,000 residents, Columbus is Ohio’s largest city and home to Ohio State University, the third largest public university in the United States. The second largest city in Ohio is Cleveland, known today for its professional sports teams, the Rock & Roll Hall of Fame and pop culture hits Major League, The Drew Carey Show and Bone Thugs-N-Harmony

Similar to its politics and location in the country, Ohio’s climate is dead center in the U.S. Its average temperature is 50.7 degrees Fahrenheit, ranking 26th of 50 states. Though the state’s record temperatures were -39 degrees (in 1899) and a scorching 113 (in 1934), the state typically sees a temperate climate even while experiencing all four seasons.

Along with Columbus and Cleveland, the largest cities in Ohio are Cincinnati, Toledo, Akron and Dayton. The state’s economy improved significantly since 2011, up 20 spots in Forbes Magazine’s Best States for Business rankings. Fast food giant Arby’s was founded in Ohio, and the state’s largest companies today are Kroger, Macy’s and Convergys.

The average home value in the state is $133,200, and prices are expected to rise an additional 6.4% in the next year. Given this average, many homes fall below the federal maximum reverse mortgage lending limit of $1,089,300 that applies to all HECM loans. For

Other Areas of Interest in Ohio

Ohio Approved Reverse Mortgage Counseling Agencies

Agency NamePhoneAddressWebsiteAgency IDLanguages
COLUMBUS HOUSING PARTNERSHIP, INC, DBA HOMEPORT614-221-88893443 Agler Rd
Columbus, Ohio 43219-3385
www.homeportohio.org80842English
Spanish
COUNTYCORP937-853-1600130 W 2nd St Ste 1420
Dayton, Ohio 45402-1502
www.homeownershipdayton.org81033English
APPRISEN - CCCS OF CENTRAL OHIO, INC.614-552-2222690 Taylor Rd Ste 150
Gahanna, Ohio 43230-3521
www.apprisen.com80937English
Spanish

Did you know? California state does not mandate in-person counsleing. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.

Additional Resources:
Reversemortgage.org NRMLA Members in Ohio
HUD.GOV Approved Lenders Search

Our Exclusive Programs Designed to Fit Your Needs

All Reverse Mortgage© has consistently brought exclusive offers to our valued San Jose homeowners. Because of our unique process we're able to offer a better federally-insured reverse mortgage with no compromise.

Take a look at some of our program benefits that you won't find elsewhere:

Exclusive 6.680% (8.094% APR) Fixed Rate for Life
Government Insured & Jumbo Proprietary Programs
Flexible Credit Lines 6.67% (2.00 Margin) with the Industries Lowest Lifetime Rate Exposure
ZERO Origination Fee Options
ZERO Financed Closing Cost Options (*on select jumbo programs)
ZERO Monthly Servicing Fees on ALL programs
*Complete form above to receive a comparison of all available programs. Excludes state taxes when applicable. Min loan amount for $0 origination fee is $200,000. *APR ran at $200,000 loan amount / 60% or less PLF utilization. Lifetime rate cap on all adjustable rate plans just 5% over the start rate.

What Our Customers Are Saying

"There was no car salesman type of protracted negotiation. All reverse got right down to a good quote without a series of incremental steps."
"I was surprised how easy it was to deal with an out of state company. Actually it was much easier than my previous dealings with local banks and brokers"
"It is a wonderful feeling to have no mortgage and extra cash in our pocket. We are very happy."
"Thank you to All Reverse for handling everything in an efficient and smooth way. Thoroughly appreciate everything you have done to make things easy for me."
"This was the smoothest mortgage process I have ever experienced! And so fast!"

Browse Hundreds More...

How can we offer you more favorable terms?

We are a direct lender approved by FHA (Federal Housing Administration)
The HECM is literally all we do. All Reverse Mortgage is not just a name for us. We have a very low (almost non-existent) staff turnover and our people are experts.
We don't work with Brokers, allowing us to pass the savings on to you.
We don't hire "celebrity" spokespersons as we don't believe you should have to pay for a lender's expensive marketing budget with higher loan costs.
We Charge Less! Check out our competition and our customer ratings. We never forget that this loan is about you and your needs and we put you first with superior service and lower costs.

All Reverse vs. the others

It may surprise you but those "celebrities" you see all over TV have some of the worst independent consumer ratings in the industry. Compare us and you will see the crystal clear difference, from customer service to loan terms we never compromise.
Ohio Reverse Mortgages
(45 votes, average: 4.98 out of 5)
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