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 15 reverse mortgage specialists in Strongsville, 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.
Union Home Mortgage HQ
8241 Dow Cir, Strongsville, OH 44136
8778464968
Brooker Mortgage Corporation
10749 Pearl Rd, Strongsville, OH 44136
4403345269
Cleveland Mortgage Corporation
16000 Pearl Rd Suite 214, Strongsville, OH 44136
4406382400
Conrad Mortgage - The Mortgage Chef
13593 Pearl Rd, Strongsville, OH 44136
2167774330
Patrick Pisano - Mortgage Loan Officer
13593 Pearl Rd, Strongsville, OH 44136
2167012345
Conrad Mortgage - The Conrad Team
13593 Pearl Rd, Strongsville, OH 44136
2167774330
Kadosh Mortgage Inc.
13477 Prospect Rd # 209, Strongsville, OH 44149
8889972099
Jim Cook Motto Mortgage Ascent
17075 Pearl Rd, Strongsville, OH 44136
4402810668
Danielle Kelly- Senior Loan Officer NMLS 2023073
12198 Pearl Rd, Strongsville, OH 44136
4408234255
Northeast Bancorp of America, Inc
11925 Pearl Rd # 301, Strongsville, OH 44136
4405526101
Union Home Mortgage Corp.
Columbia Township, 8241 Dow Cir, Strongsville, OH 44136
8007674684
Motto Mortgage Ascent
17075 Pearl Rd, Strongsville, OH 44136
4402810668
vLoan
8241 Dow Cir, Strongsville, OH 44113
8447785626
US Bank Mortgage
14444 Pearl Rd, Strongsville, OH 44136
8008722657
Lindsey Conrad
13593 Pearl Rd, Strongsville, OH 44136
6147288400
What Does a Reverse Mortgage Specialist in Strongsville Cost?
Typical costs for a reverse mortgage in Ohio include an origination fee up to 2% of the home value a mortgage insurance premium of 2% of the appraised value plus appraisal and closing costs. Total costs often range from 3000 to 8000 for a 200000 home. These costs can be financed into the loan so you pay little upfront. 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 eligibility requirements for a reverse mortgage in Strongsville Ohio?
You must be at least 62 years old and own your home outright or have a small mortgage balance. The property must be your primary residence and meet HUD property standards. Ohio law also requires you to attend a counseling session with a HUD-approved counselor before you can apply.
Are reverse mortgage proceeds taxable in Ohio?
Reverse mortgage proceeds are not considered taxable income by the IRS or the state of Ohio. However interest on the loan is not tax deductible until you pay it back. Consult a tax professional for your specific situation.
Can a reverse mortgage affect my Ohio homestead exemption or property taxes?
No a reverse mortgage does not affect your Ohio homestead exemption or property tax deferral programs. You remain the owner of the home and must continue to pay property taxes and homeowners insurance. Failure to pay these can lead to foreclosure.