Ohio's #1 Reverse Mortgage*

Reverse Mortgages in Ohio: A Comprehensive Guide

If you’re an Ohio homeowner aged 62 or older, a reverse mortgage could be a valuable tool to help you unlock the equity in your home and improve your financial security during retirement. In this guide, we’ll cover everything you need to know about reverse mortgages in Ohio, including key facts, the latest statistics, top lenders, and essential protections.

How this data was derived: Reverse mortgage counts reflect FHA-insured HECM loans endorsed over a rolling 12-month period (Dec 2024–Nov 2025) using HUD HECM Snapshot data. Active lenders represent unique FHA sponsor numbers with at least one endorsed loan during this period. Estimated homeowners age 62+ are based on U.S. Census ACS 5-year owner-occupied households age 65+ as a conservative proxy. Home values are sourced from Zillow’s Home Value Index (latest available).

Top Reverse Mortgage Lenders in Ohio

Ohio Reverse Mortgage Lending Limits

Ohio, known as the Buckeye State, has an estimated 11.7 to 11.8 million residents as of 2026. The state has a large and aging homeowner population, with approximately 2.4 to 2.5 million residents age 62 and older. Due to Ohio’s high homeownership rates among older adults, an estimated 1.9 to 2.0 million homeowners are age 62 or older, making Ohio one of the largest markets in the country for reverse mortgage eligibility.

Home Values and Reverse Mortgage Opportunities

As of January 2026, the median home value in Ohio is $254,100, well below the federal maximum reverse mortgage lending limit of $1,249,125 for Home Equity Conversion Mortgages (HECM). This means that most homeowners in Ohio can fully benefit from the HECM program, allowing them to access the equity in their homes. For those with homes exceeding this value, jumbo reverse mortgage programs are available to provide additional borrowing power.

Historical and Economic Overview

Ohio’s rich history dates back to the 17th century when the Iroquois tribe moved into the Ohio River area, naming it “Ohiyo,” meaning “the great river.” The state’s first European settlement was Marietta, founded in 1788 by Revolutionary War veterans. Ohio became the 17th state to join 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 it is home to Ohio State University, one of the largest public universities in the U.S. Cleveland, the second-largest city, is well-known for its professional sports teams and the Rock & Roll Hall of Fame. Other major cities in Ohio include Cincinnati, Toledo, Akron, and Dayton.

Climate and Lifestyle

Ohio experiences all four seasons, with an average temperature of 50.7°F. The state enjoys a moderate climate, though extreme weather events such as cold snaps or heatwaves have occurred in the past. Overall, Ohio’s temperate climate offers a pleasant experience year-round.

Economic Overview and Growth

Ohio’s economy has significantly improved in the past decade, with the state rising 20 spots in Forbes Magazine’s Best States for Business rankings. Some of the largest companies headquartered in Ohio include Kroger, Macy’s, and Convergys, which contribute to a diverse and growing economic landscape.

Did you know? Ohio 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.

Other Areas of Interest in Ohio

Akron Cincinnati Cleveland Columbus Dayton Toledo

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