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Reverse Mortgage Specialists in Shaker Heights, OH
Compare reverse mortgage specialists in Shaker Heights. Review contact information and insurance categorys before you decide.
4 agents listed
Updated June 2026
Shaker Heights, 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 State Mortgage Licensing Authority of Ohio before hiring.
Showing 4 reverse mortgage specialists in Shaker Heights, 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 Shaker Heights Cost?
Typical costs for a reverse mortgage in Ohio include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees such as appraisal and title search. These costs can range from 2000 to 6000 dollars. 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 requirements for a reverse mortgage in Shaker Heights Ohio?
Borrowers must be at least 62 years old. If there is a co-borrower who is under 62, they may not be eligible. Ohio law does not change this federal requirement.
Do I need counseling before getting a reverse mortgage in Ohio?
Yes. Ohio requires all borrowers to complete a counseling session with a HUD-approved counselor. This session must happen before you can apply for the loan. The counselor explains costs and alternatives.
What happens if I move out of my Shaker Heights home after getting a reverse mortgage?
If you move out permanently or sell the home, the loan becomes due. You or your heirs must repay the balance. Ohio law gives you a 12-month grace period to sell the home or pay off the loan without penalty.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state 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 State Mortgage Licensing Authority of Ohio.