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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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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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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
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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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2021 BBB Torch Award Finalist
Best Reverse Mortgage Lender
Best Reverse Mortgage Website
Best Reverse Mortgage Website

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+252.00/540.0%5Source
American Advisors Group (AAG)A194.69/593.8%56Source
American Pacific MortgageF281.75/535.0%13Source
Ennkar Inc.A+144.00/580.0%3Source
Fairway Independent MortgageA+284.41/588.2%37Source
Finance of America Reverse LLC (FAR)A+211.00/520.0%22Source
GoodLife Home LoansA+124.43/588.6%0Source
Guild Mortgage Company (Formerly Cherry Creek LLC)A+641.36/527.2%39Source
HighTechLending IncA+184.93/598.6%0Source
Liberty Home Equity Solutions Inc.A+211.00/520.0%3Source
Longbridge Financial LLCA+123.94/578.8%18Source
Mid America Mortgage Inc.A+653.00/560.0%0Source
MoneyhouseNR27NANA0Source
Movement Mortgage, LLCA+174.80/595.6%109Source
Mutual of Omaha MortgageA+114.61/592.2%45Source
Open Mortgage LLCA+212.60/552.0%1Source
Plaza Home Mortgage IncA+232.38/547.6%17Source
Smartfi Home LoansA+5NANA0Source
South River Mortgage, LLCA+52.62/552.4%15Source
This chart compares the top 20 reverse mortgage lenders in the U.S. based on national rankings, displaying key metrics such as their BBB (Better Business Bureau) rating, years in business, average star rating, percentage of positive reviews, number of complaints, and sources of reviews. Top 20 HECM lenders reported by https://www.rminsight.net/wp-content/uploads/2024/06/Lenders_202405.pdf. (Reviews Updated: October 22, 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 Reverse Mortgage Lending Limits

Ohio, known as the Buckeye State, is home to approximately 11.7 million people. Of these, more than 860,000 homeowners are aged 62 and older, making a significant portion of the population potentially eligible for a reverse mortgage.

Home Values and Reverse Mortgage Opportunities

As of January 2024, the median home value in Ohio is $220,400, 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 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.

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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