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 Fairborn, 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.
Weber Bancorp LLC
398 E Dayton Yellow Springs Rd, Fairborn, OH 45324
9378789993
US Bank Mortgage
1 W Main St, Fairborn, OH 45324
8008722657
HII Commercial Real Estate Loans Fairborn OH
420 Patterson St E, Fairborn, OH 45324
9373431995
What Does a Reverse Mortgage Specialist in Fairborn Cost?
Typical costs for a reverse mortgage in Ohio include an origination fee of up to 2 percent of the home value a mortgage insurance premium of 2 percent of the appraised value and third-party fees for appraisal title and recording. Total closing costs often range from 6,000 to 12,000 for a home valued at 200,000. Costs vary by lender and loan type. This is general information 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 and equity requirements for a reverse mortgage in Fairborn Ohio?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be your primary residence in Fairborn Ohio. Ohio law does not impose additional age limits beyond the federal minimum.
Do I need counseling before getting a reverse mortgage in Ohio?
Yes Ohio law requires all borrowers to complete a HUD-approved counseling session before applying. The session covers loan terms costs and alternatives. Counselors must be independent from the lender.