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 6 reverse mortgage specialists in Niles, 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.
Eagle Loan Company
5460 Youngstown Warren Rd, Niles, OH 44446
3302994222
OneMain Financial
6261 Youngstown Warren Rd, Niles, OH 44446
3305444041
Michael Miller at CrossCountry Mortgage
4 Summit Ave Ste 2, Niles, OH 44446
3303284084
Home Federal Savings and Loan Association of Niles
55 N Main St, Niles, OH 44446
3306522539
ALCOVA Mortgage | Niles, OH
52 E Park Ave STE A, Niles, OH 44446
3305647194
Chase Home Lending
5555 Youngstown Warren Rd, Niles, OH 44446
5097680967
What Does a Reverse Mortgage Specialist in Niles Cost?
Typical costs for a reverse mortgage in Ohio include an origination fee up to 2 percent of the home value with a cap of 6000 dollars. Third-party charges such as appraisal title insurance and recording fees range from 1000 to 3000 dollars. The upfront mortgage insurance premium is 2 percent of the appraised value. These costs are usually financed into the loan. 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 Niles Ohio?
Borrowers must be at least 62 years old. All co-borrowers listed on the title must also meet this age requirement. Ohio law does not allow exceptions to this federal rule.
Do I need to own my home free and clear to get a reverse mortgage in Ohio?
No you do not need to own the home free and clear. You can use a reverse mortgage to pay off an existing mortgage balance. The remaining funds are then available to you as tax-free proceeds.
What counseling is required for a reverse mortgage in Ohio?
Ohio borrowers must complete a counseling session with a HUD-approved reverse mortgage counselor. The session covers loan terms costs and alternatives. This requirement is mandatory before a loan application can be submitted.