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Find Reverse Mortgage Specialists Near You in Canfield, OH

Directory of reverse mortgage specialists in Canfield, Ohio. Verify credentials with the state mortgage licensing authority before hiring.

4 agents listed
Updated May 2026
Canfield, 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 4 reverse mortgage specialists in Canfield, 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.
Mediate Financial Services
6674 Tippecanoe Rd Suite 5 & 6, Canfield, OH 44406
3307023556
Wells Fargo Advisors
3731 Boardman-Canfield Rd Suite C, Canfield, OH 44406
3307022170
Capital Choice Financial Services
120 Sandstone Ln, Canfield, OH 44406
3305195032
Chase Home Lending
34 N Broad St, Canfield, OH 44406
3107502495

Reverse mortgage specialists in Canfield Ohio help homeowners aged 62 and older convert home equity into loan proceeds. Ohio law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. These specialists can explain how a reverse mortgage affects your property taxes and estate planning in Mahoning County.

What Does a Reverse Mortgage Specialist in Canfield 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 total 3000 to 8000 dollars depending on home value and loan type. Costs vary by lender and loan program. 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 Canfield Ohio?
Borrowers must be at least 62 years old. The youngest borrower on the title must meet this age requirement under federal HECM rules. Ohio does not have additional state age restrictions.
Do I need counseling before getting a reverse mortgage in Ohio?
Yes, Ohio law requires HUD-approved counseling for all reverse mortgage applicants. The counselor will review loan terms, costs, and alternatives. This session must occur before you submit a loan application.
How does a reverse mortgage affect my property taxes in Canfield?
You must continue to pay property taxes and homeowners insurance. Failure to pay can lead to loan default and foreclosure. Ohio offers property tax deferral programs for seniors, which may be an alternative to a reverse mortgage.