Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Ohio before hiring.
Showing 3 reverse mortgage specialists in Dover, OH
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Chase Mortgage
3000 N Wooster Ave, Dover, OH 44622
3303647290
Chase Home Lending
301 W 3rd St, Dover, OH 44622
3303645939
Raymond James Financial Services
711 N Wooster Ave, Dover, OH 44622
3303432212
What Does a Reverse Mortgage Specialist in Dover Cost?
Typical costs for a reverse mortgage specialist in Ohio include an origination fee up to 2 percent of the home value capped at 6000 dollars, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal and title work. Total closing costs often range from 3000 to 8000 dollars depending on the property value. These costs are usually financed into the loan. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the age requirements for a reverse mortgage in Dover Ohio?
Borrowers must be at least 62 years old. The youngest borrower on the title must meet this age requirement. Ohio law does not add any additional age restrictions beyond federal HECM rules.
Do I need counseling before getting a reverse mortgage in Ohio?
Yes, Ohio law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session must occur before you submit your application. The counselor explains loan terms, costs, and alternatives.
Can I lose my home with a reverse mortgage in Dover?
You can lose your home if you fail to pay property taxes, maintain homeowners insurance, or keep the property in good repair. Ohio law allows lenders to foreclose if these obligations are not met. You must continue living in the home as your primary residence.