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Browse reverse mortgage specialists serving Lorain, Ohio. Contact information and addresses listed below.
9 agents listed
Updated May 2026
Lorain, OH
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 9 reverse mortgage specialists in Lorain, 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.
Rodney Reynolds, Ruoff Mortgage
6155 Park Square Dr #4, Lorain, OH 44053
4403150800
Ruoff Mortgage - Lorain
6155 Park Square Dr #4, Lorain, OH 44053
4405380071
Jim Cook, Ruoff Mortgage
6155 Park Square Dr #4, Lorain, OH 44053
2162997667
Felix Velez, Ruoff Mortgage
6155 Park Square Dr #4, Lorain, OH 44053
4405679172
Johnny Rivera, Mortgage Loan Originator, NMLS #73774
3961 Rossi Way, Lorain, OH 44053
4407521947
Scott Dillen, Ruoff Mortgage
6155 Park Square Dr Suite 4, Lorain, OH 44053
2165988850
LendUS & American Eagle Mortgage | Lorain, OH
6145 Park Square Dr #3, Lorain, OH 44053
4409882900
Dwayne Reynolds, Ruoff Mortgage
6155 Park Square Dr #4, Lorain, OH 44053
4405380071
Mortgage Broker Brett
4301 Weathervane Dr, Lorain, OH 44053
4403089079
A reverse mortgage specialist in Lorain Ohio helps homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. Ohio law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage. Lorain residents can access local counseling services through agencies like the Ohio Housing Finance Agency.
What Does a Reverse Mortgage Specialist in Lorain Cost?
Typical costs for a reverse mortgage in Ohio include an origination fee of up to 2 percent of the home value (capped at $6,000), a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and recording. These fees total between $5,000 and $15,000 on average. Costs vary by loan type and property value. 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 Lorain Ohio?
Borrowers must be at least 62 years old. If married, the younger spouse must also be 62 to be listed on the loan. Ohio law follows federal HECM guidelines for age eligibility.
Do I need counseling to get 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 covers loan terms, costs, and alternatives. The counselor must be independent from the lender.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Ohio.