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Find Reverse Mortgage Specialists Near You in Salem, OH
Directory of reverse mortgage specialists in Salem, Ohio. Verify credentials with the state mortgage licensing authority before hiring.
2 agents listed
Updated May 2026
Salem, 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 Salem, 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.
Mariner Finance
2339 E State St, Salem, OH 44460
3303320356
Chase Home Lending
123 N Broadway Ave, Salem, OH 44460
3303324621
A reverse mortgage specialist in Salem, Ohio can help homeowners aged 62 and older convert home equity into tax-free funds. Ohio law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage (HECM). Specialists in Salem guide clients through this process and explain how loan repayment works if the home is sold or the borrower moves out.
What Does a Reverse Mortgage Specialist in Salem Cost?
Typical costs for a reverse mortgage in Ohio include an origination fee (up to $6,000), mortgage insurance premium (2% of the appraised value upfront plus 0.5% annually), appraisal fee ($400 to $800), and closing costs ($1,500 to $3,000). Total costs usually range from $8,000 to $15,000, but vary by loan amount 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 Salem Ohio?
You must be at least 62 years old to qualify for a HECM reverse mortgage in Ohio. All borrowers listed on the title must meet this age requirement.
Do I need counseling before getting a reverse mortgage in Ohio?
Yes, Ohio law requires all borrowers to complete a counseling session with a HUD-approved counselor before applying. This session explains the loan terms, costs, and alternatives.
Can I lose my home with a reverse mortgage in Salem?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Ohio law allows lenders to start foreclosure if these obligations are not met.
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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.