Compare Reverse Mortgage Specialists in Piqua, OH
Compare reverse mortgage specialists in Piqua. Review contact information and insurance categorys before you decide.
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 7 reverse mortgage specialists in Piqua, 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 Piqua Cost?
Typical costs for a reverse mortgage in Ohio include an origination fee of up to 2 percent of the home value but capped at 6000 dollars. Other costs include appraisal fees around 400 to 600 dollars and mortgage insurance premiums of 2 percent of the loan amount upfront. Counseling fees are usually 125 to 150 dollars. These costs vary by lender and loan type. 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 Piqua Ohio?
Borrowers must be at least 62 years old. The property must be the primary residence. Ohio law also requires that all borrowers listed on the title meet the age requirement.
Do I need counseling before getting a reverse mortgage in Ohio?
Yes. Ohio follows federal HUD rules requiring a counseling session with a HUD-approved agency. This session must happen before you can apply for a reverse mortgage in Piqua.
Can I lose my home with a reverse mortgage in Piqua?
You can lose your home if you fail to pay property taxes or homeowners insurance or if you move out for more than 12 months. Ohio law does not change these federal requirements.