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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

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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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Great News! Your ARLO analysis is ready

Your personalized results include the best of 2024's reverse mortgages
  • Side-by-side loan comparisons
  • Real-time interest rates
  • ARLO™ advice to help you select the right program
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From America's #1 Rated Reverse Mortgage Lender

Top Reverse Mortgage Lenders in Ohio

LenderRatingYears in BusinessStars (0-5)Good Review %ComplaintsBBB Review
All Reverse Mortgage, Inc. (ARLO)A+204.99/599.8%0Source
Advisors Mortgage GroupA+241.80/536.0%5Source
American Advisors Group (AAG)A194.70/594.0%61Source
American Pacific MortgageF281.75/535.0%13Source
Ennkar Inc.A+144.00/580.0%3Source
Fairway Independent MortgageA+284.43/588.6%38Source
Finance of America Reverse LLC (FAR)A+201.00/520.0%21Source
GoodLife Home LoansA+124.43/588.6%0Source
Guild Mortgage Company (Formerly Cherry Creek LLC)A+641.36/527.2%41Source
HighTechLending IncA+184.93/598.6%0Source
Liberty Home Equity Solutions Inc.A+211.00/520.0%3Source
Longbridge Financial LLCA+123.95/579.0%17Source
Mid America Mortgage Inc.A+653.00/560.0%0Source
MoneyhouseNRNANANA0Source
Movement Mortgage, LLCA+174.80/595.6%111Source
Mutual of Omaha MortgageA+114.72/594.452Source
Open Mortgage LLCA+212.60/552.0%1Source
Plaza Home Mortgage IncA+232.29/545.8%18Source
Smartfi Home LoansA+5NANA0Source
South River Mortgage, LLCA+52.43/548.6%15Source
Top 20 HECM lenders reported by https://www.rminsight.net/wp-content/uploads/2024/06/Lenders_202405.pdf. (Reviews Updated: September 1, 2024).

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Ohio Reverse Mortgage Facts

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in OhioAvg. Home Value
Ohio146,4975702046$220,031

Ohio Lending Limits

Ohio, known as the Buckeye State, is home to nearly 11.7 million people. Among them, over 860,000 homeowners are aged 62 and older, making a significant portion of the population potentially eligible for a reverse mortgage.

The median home value in Ohio is $220,400, which is well below the federal maximum reverse mortgage lending limit of $1,149,825 for Home Equity Conversion Mortgages (HECM). This means that most homeowners in Ohio can take full advantage of a reverse mortgage if they choose to access the equity in their homes.

Ohio’s rich history dates back to the 17th century when the Iroquois tribe moved westward from present-day New York to the Ohio River area, which they named “Ohiyo,” meaning “the great river.” Ohio’s first European settlement was Marietta, established in 1788 by Revolutionary War veterans. Ohio became the 17th state in the Union in 1803, and Columbus, now the state capital, was incorporated in 1816 due to its central location.

Today, Columbus is Ohio’s largest city, with nearly 880,000 residents, and is home to Ohio State University, one of the largest public universities in the country. Cleveland, the second-largest city, is famous for its professional sports teams and the Rock & Roll Hall of Fame. Other major cities in Ohio include Cincinnati, Toledo, Akron, and Dayton.

Ohio’s climate is moderate, experiencing all four seasons, with an average temperature of 50.7 degrees Fahrenheit. While the state has seen extreme temperatures in the past, it typically enjoys a temperate climate throughout the year.

Ohio’s economy has seen significant improvement since 2011, with the state climbing 20 spots in Forbes Magazine’s Best States for Business rankings. Some of the largest companies in Ohio include Kroger, Macy’s, and Convergys.

Given the average home value in Ohio, which is $133,200, many homes fall well below the federal reverse mortgage lending limit. This means that most Ohio homeowners can benefit from the HECM program, and for those with higher-valued homes, jumbo reverse mortgage programs are available to provide even more borrowing power.

Other Areas of Interest in Ohio

Akron Cincinnati Cleveland Columbus Dayton Toledo

Ohio Approved Reverse Mortgage Counseling Agencies

NameAgency IDAddressPhoneWeb Site
CHN HOUSING PARTNERS80841SUITE 134
2999 PAYNE AVE STE 134
CLEVELAND, OH 44114-4436
(216) 881-8443https://www.chnhousingpartners.org
GREENPATH FINANCIAL WELLNESS901572465 EXECUTIVE PARK BLVD
FAIRBORN, OH 45324-6219
(888) 860-4167http://www.greenpath.org

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

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

Author Michael Branson
About the Author, Michael G. Branson | Mike@allreverse.com
Michael G. Branson CEO, All Reverse Mortgage, Inc. and moderator of ARLO™ has 45 years of experience in the mortgage banking industry. He has devoted the past 19 years to reverse mortgages exclusively.
Ohio Reverse Mortgages
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