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 11 reverse mortgage specialists in Independence, 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.
Nations Lending
4 Summit Park Dr #200, Independence, OH 44131
8774808050
Liberty Home Mortgage Corporation
6225 Oak Tree Blvd, Independence, OH 44131
2167801103
Reliance First Capital, LLC. NMLS ID # 58775
6155 Rockside Rd #401, Independence, OH 44131
8772819779
The McCort Team, NFM Lending
6100 Oak Tree Blvd Suite 276, Independence, OH 44131
3309152399
Green Lending
6801 Brecksville Rd STE 25, Independence, OH 44131
8447336431
Chris Simpson at CrossCountry Mortgage
6505 Rockside Rd Suite 250, Independence, OH 44131
4403160785
Brian Figas Sales Team Lead at Nations Lending - NMLS: 1863412
5005 Rockside Rd #460, Independence, OH 44131
4405276849
Alexei Pepple
5005 Rockside Rd #460, Independence, OH 44131
4406533510
First Liberty Mortgage, LLC
4200 Rockside Rd Suite 203, Independence, OH 44131
2164470612
CrossCountry Mortgage | Branch NMLS #1816440
6505 Rockside Rd Suite 250, Independence, OH 44131
4406717281
Top Flite Financial, Inc.
6505 Rockside Rd, Independence, OH 44131
2162353789
What Does a Reverse Mortgage Specialist in Independence Cost?
Typical costs for a reverse mortgage in Ohio include an origination fee (up to $6,000 or 2% of the home value whichever is less), a mortgage insurance premium (2% of the appraised value upfront plus 0.5% annually), and third-party fees like appraisal and title search. Total closing costs often range from $5,000 to $15,000. Costs vary by loan amount and lender. 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 requirements for a reverse mortgage in Ohio?
Borrowers must be at least 62 years old. The youngest borrower on the title must meet this age requirement. Ohio follows federal HUD rules for this age limit.
Do I need counseling to get a reverse mortgage in Independence Ohio?
Yes. Ohio law requires all borrowers to attend a counseling session with a HUD-approved counselor. The session covers loan terms, costs, and alternatives. You must receive a certificate of completion before the loan can close.
Can a reverse mortgage affect my Ohio property taxes?
Yes. In Ohio you must continue to pay property taxes and homeowners insurance. If you fail to pay taxes the lender may require repayment of the loan. A specialist can help you budget for these ongoing costs.