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 6 reverse mortgage specialists in Hilliard, 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.
Jodi Vermillion, Ruoff Mortgage
3455 Mill Run Dr #101, Hilliard, OH 43026
6142061687
Ruoff Mortgage - Hilliard
3455 Mill Run Dr #101, Hilliard, OH 43026
6143635740
Total Choice Mortgage
5251 Norwich St, Hilliard, OH 43026
6145814809
Nations Lending - Hilliard, OH Branch - NMLS: 2535678
5251 Norwich St, Hilliard, OH 43026
8772483639
Bill Lavelle Mortgage Group
4599 Cemetery Rd, Hilliard, OH 43026
6145634086
Brent Cahill-U.S. Bank Mortgage
2511 Hilliard Rome Rd, Hilliard, OH 43026
6148763990
What Does a Reverse Mortgage Specialist in Hilliard Cost?
Typical costs for a reverse mortgage in Ohio include an origination fee up to 2 percent of the home value capped at 6000 dollars. Third-party fees such as appraisal title and recording costs range from 1000 to 3000 dollars. The upfront mortgage insurance premium is 2 percent of the appraised value. Annual mortgage insurance premiums are 0.5 percent of the loan balance. These 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 Hilliard Ohio?
Borrowers must be at least 62 years old. All owners listed on the title must meet this age requirement. Ohio law follows federal HECM guidelines for age eligibility.
Do I need counseling before getting a reverse mortgage in Ohio?
Yes Ohio 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 of the lender.
Are reverse mortgage proceeds taxable in Ohio?
Reverse mortgage proceeds are not considered income for Ohio state tax purposes. They are loan advances and are tax-free. However interest on the loan is not deductible until the loan is repaid.