Ohio's #1 Reverse Mortgage
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ARLO™Reverse Mortgage Calculator
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| Lender | Rating | Years in Business | Stars (0-5) | Good Review % | Complaints | BBB |
|---|---|---|---|---|---|---|
| All Reverse Mortgage, Inc. (ARLO) | A+ | 19 | 4.9/5 | 99% | 0 | Source |
| Advisors Mortgage Group | A+ | 24 | 1.6/5 | 33% | 4 | Source |
| American Advisors Group (AAG) | A | 19 | 4.7/5 | 94% | 82 | Source |
| American Pacific Mortgage | F | 27 | 1.0/5 | 20% | 15 | Source |
| Ennkar Inc. | A+ | 13 | 3.6/5 | 73% | 3 | Source |
| Fairway Independent Mortgage | A+ | 27 | 4.9/5 | 98% | 43 | Source |
| Finance of America Reverse LLC (FAR) | A+ | 20 | 1.5/5 | 31% | 18 | Source |
| GoodLife Home Loans | A+ | 11 | 4.4/5 | 88% | 1 | Source |
| Guild Mortgage Company (Formerly Cherry Creek LLC) | A+ | 63 | 1.3/5 | 26% | 52 | Source |
| HighTechLending Inc | NR | 15 | 3.0/5 | 60% | 1 | Source |
| Liberty Home Equity Solutions Inc. | A+ | 20 | 1.00/5 | 20% | 3 | Source |
| Longbridge Financial LLC | A+ | 11 | 3.9/5 | 79% | 15 | Source |
| Mid America Mortgage Inc. | NR | 65 | 3.0/5 | 60% | 0 | Source |
| Moneyhouse | A+ | NA | NA | NA | 0 | Source |
| Movement Mortgage, LLC | A+ | 16 | 4.7/5 | 95% | 110 | Source |
| Mutual of Omaha Mortgage | A+ | 10 | 4.8/5 | 96% | 60 | Source |
| Open Mortgage LLC | A+ | 20 | 2.8/5 | 56% | 1 | Source |
| Plaza Home Mortgage Inc | A+ | 23 | 1.8/5 | 36% | 27 | Source |
| Smartfi Home Loans | A+ | 4 | NA | NA | 0 | Source |
| South River Mortgage, LLC | A+ | 4 | 2.3/5 | 46% | 14 | Source |
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
| State | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Ohio | Avg. Home Value |
|---|---|---|---|---|---|
| Ohio | 146,497 | 570 | 20 | 46 | $220,031 |
Data shown includes all cases with beginning endorsement date between January 01, 2023 and December 31, 2023
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 $1,149,825.
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 $1,149,825 that applies to all HECM loans. For
Other Areas of Interest in Ohio
| Agency Name | Phone | Address | Website | Agency ID | Languages |
|---|---|---|---|---|---|
| COLUMBUS HOUSING PARTNERSHIP, INC, DBA HOMEPORT | 614-221-8889 | 3443 Agler Rd Columbus, Ohio 43219-3385 | www.homeportohio.org | 80842 | English Spanish |
| COUNTYCORP | 937-853-1600 | 130 W 2nd St Ste 1420 Dayton, Ohio 45402-1502 | www.homeownershipdayton.org | 81033 | English |
| APPRISEN - CCCS OF CENTRAL OHIO, INC. | 614-552-2222 | 690 Taylor Rd Ste 150 Gahanna, Ohio 43230-3521 | www.apprisen.com | 80937 | English 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
