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Compare Reverse Mortgage Specialists in Alliance, OH

Looking for a reverse mortgage specialist in Alliance? Review the directory below to compare your options.

5 agents listed
Updated May 2026
Alliance, 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 5 reverse mortgage specialists in Alliance, 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.
Eagle Loan
2436 W State St, Alliance, OH 44601
3306806000
Alliance Loan Company
137 S Arch Ave, Alliance, OH 44601
3308213444
OneMain Financial
700 W State St, Alliance, OH 44601
3308238150
Lendmark Financial Services LLC
2206 W State St, Alliance, OH 44601
2347577271
Chase Home Lending
1207 W State St A, Alliance, OH 44601
7607171580

Reverse mortgage specialists in Alliance, Ohio help homeowners aged 62 and older access home equity without monthly payments. Ohio law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Specialists can explain how Ohio property tax deferral programs may interact with reverse mortgage proceeds.

What Does a Reverse Mortgage Specialist in Alliance Cost?

Typical costs for a reverse mortgage in Ohio include an origination fee up to 2 percent of the home value (capped at 6,000 dollars), a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and recording. Total closing costs often range from 5,000 to 15,000 dollars. These costs are usually financed into the loan. 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 Alliance Ohio?
Borrowers must be at least 62 years old. The youngest borrower on the title must meet this age requirement. Ohio law does not add any additional age restrictions beyond federal HECM rules.
Do I need counseling to get a reverse mortgage in Ohio?
Yes, Ohio requires all borrowers to complete a HUD-approved counseling session before applying. The 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 Alliance?
Yes, you can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Ohio law allows lenders to foreclose if these obligations are not met. You must also continue to live in the home as your primary residence.