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Compare Ohio's Best Reverse Mortgages!
Compare Ohio's Best Reverse Mortgages!
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Ohio's #1 Reverse Mortgage

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ARLO

ARLO

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In your current area 100 homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with 500,000 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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Great! It looks like your home value estimate is about

If you feel this estimate is not correct you can manually change it below. If you have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!

Please provide your estimated home value

If you presently have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!
(Our calculations use estimated property values provided by Estated.com. An independent HUD-approved appraiser must complete an appraisal to finalize your loan)
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The minimum qualifying age for a reverse mortgage is 55

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.
Your Age
Spouse Age
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  • Real-time interest rates
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From America's #1 Rated Reverse Mortgage Lender

Top Reverse Mortgage Lenders in Ohio

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% 5 Source
American Advisors Group (AAG) A 19 4.7/5 94% 76 Source
American Pacific Mortgage F 28 1.5/5 30% 15 Source
Ennkar Inc. A+ 13 3.6/5 73% 3 Source
Fairway Independent Mortgage A+ 27 4.8/5 96% 44 Source
Finance of America Reverse LLC (FAR) A+ 20 1/5 20% 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% 44 Source
HighTechLending Inc A+ 18 4.9/5 98% 0 Source
Liberty Home Equity Solutions Inc. A+ 20 1.00/5 20% 3 Source
Longbridge Financial LLC A+ 11 3.9/5 79% 16 Source
Mid America Mortgage Inc. A+ 65 3.0/5 60% 0 Source
Moneyhouse A+ NA NA NA 0 Source
Movement Mortgage, LLC A+ 16 4.7/5 95% 113 Source
Mutual of Omaha Mortgage A+ 11 4.8/5 96% 58 Source
Open Mortgage LLC A+ 21 2.8/5 56% 21 Source
Plaza Home Mortgage Inc A+ 23 1.9/5 24% 26 Source
Smartfi Home Loans A+ 5 NA NA 0 Source
South River Mortgage, LLC A+ 5 2.2/5 44% 13 Source
Reviews Updated: 05/20/2024
The BBB is one of the last review sites that does not accept monetary influence in their ratings or posted reviews.
 

ohio lenders map coverage

Ohio Reverse Mortgage Facts

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in OhioAvg. Home Value
Ohio146,497 5702046 $220,031

Data shown includes all cases with beginning endorsement date between January 01, 2023 and December 31, 2023

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 $1,149,825.

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

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

Ohio Reverse Mortgages
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