Reverse Mortgage Specialists in Granville, OH
Browse reverse mortgage specialists serving Granville, Ohio. Contact information and addresses listed below.
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
State Mortgage Licensing Authority of Ohio before hiring.
Showing 4 reverse mortgage specialists in Granville, 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.
What Does a Reverse Mortgage Specialist in Granville Cost?
Typical costs for a reverse mortgage in Ohio include an origination fee up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees like appraisal and title search. For a home valued at 300,000 dollars, total closing costs often range from 8,000 to 15,000 dollars. These costs can be 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 qualifications does a reverse mortgage specialist in Granville need?
Specialists must hold an Ohio mortgage loan originator license and complete annual continuing education. They also need HUD certification to offer HECM loans. Many have additional training in senior financial planning.
Are reverse mortgages regulated differently in Ohio?
Yes. Ohio Revised Code Section 1321.57 requires lenders to provide a detailed disclosure statement at least three days before closing. Borrowers also have a three-day right of rescission after signing.
Can a reverse mortgage be used on a property in Granville with a historic designation?
Yes. The property must be a single-family home or approved condo that meets HUD minimum property standards. Historic designation does not disqualify the property, but the home must be in good condition.