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 3 reverse mortgage specialists in Sylvania, 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.
SJS Investment Services
6711 Monroe St Bldg 4, Sylvania, OH 43560
4198852626
All About You, Investment Solutions, LLC.
4930 N Holland Sylvania Rd # C, Sylvania, OH 43560
4192503886
Carrie Meszaros - WesBanco Loan Lending Officer
5520 Monroe St, Sylvania, OH 43560
4193455704
What Does a Reverse Mortgage Specialist in Sylvania Cost?
Typical costs for a reverse mortgage in Ohio include an origination fee of up to 2 percent of the home value (capped at 6000 dollars), a mortgage insurance premium of 2 percent of the appraised value, and third-party fees like appraisal and title search (usually 500 to 1500 dollars). Closing costs generally range from 2000 to 8000 dollars depending on the 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 Sylvania Ohio?
Borrowers must be at least 62 years old. If married, the younger spouse must also be 62 to be listed on the loan. Ohio law does not allow exceptions to this federal age minimum.
Do I need counseling before getting a reverse mortgage in Ohio?
Yes, Ohio law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session covers loan terms, costs, and alternatives. The counselor must be independent from the lender.
Can I lose my home with a reverse mortgage in Sylvania?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Ohio law gives lenders the right to foreclose if these obligations are not met. You must continue living in the home as your primary residence.