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Find Reverse Mortgage Specialists Near You in Monroe, OH
Looking for a reverse mortgage specialist in Monroe? Review the directory below to compare your options.
2 agents listed
Updated May 2026
Monroe, 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 2 reverse mortgage specialists in Monroe, 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.
US Bank Mortgage
5 N Main St, Monroe, OH 45050
8008722657
Chase Mortgage
1 East Ave, Monroe, OH 45050
5134258504
A reverse mortgage specialist in Monroe, Ohio helps homeowners aged 62 and older convert home equity into cash without monthly payments. Ohio law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Monroe residents near Cincinnati can access local specialists who understand Ohio property tax deferral programs and state-specific foreclosure protections.
What Does a Reverse Mortgage Specialist in Monroe Cost?
Typical costs for a reverse mortgage specialist in Ohio include an origination fee of 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 title and credit report ranging from 500 to 1500 dollars. Some specialists charge a flat consultation fee of 100 to 300 dollars. These costs vary by lender and loan type. 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 and property requirements for a reverse mortgage in Monroe Ohio?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence and meet HUD minimum property standards. Ohio does not have additional state-specific age limits beyond the federal requirement.
Do I need counseling before getting a reverse mortgage in Ohio?
Yes, Ohio law requires all borrowers to attend a HUD-approved counseling session before applying for a HECM loan. The counselor explains loan terms, costs, and alternatives. You can find a local counselor through the Ohio Department of Commerce or HUD website.
Can I lose my home with a reverse mortgage in Monroe Ohio?
Yes, you must continue to pay property taxes, homeowners insurance, and maintain the home. If you fail to meet these obligations or move out for more than 12 consecutive months, the loan becomes due. Ohio law does not provide additional protections beyond federal HECM rules.
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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.