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Find Reverse Mortgage Specialists Near You in Mayfield Heights, OH

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

4 agents listed
Updated May 2026
Mayfield Heights, 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 Mayfield Heights, 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.
MANE CAPITAL MORTGAGE
5885 Landerbrook Dr #310, Mayfield Heights, OH 44124
2165260998
Third Federal Savings & Loan
5780 Mayfield Rd, Mayfield Heights, OH 44124
4404619583
US Bank Mortgage
6189 Mayfield Rd, Mayfield Heights, OH 44124
8008722657
Chase Home Lending
1435 SOM Ctr Rd, Mayfield Heights, OH 44124
9795741558

Reverse mortgage specialists in Mayfield Heights Ohio help homeowners aged 62 and older convert home equity into loan proceeds. Ohio law requires borrowers to complete a counseling session with a HUD approved counselor before applying. These specialists can explain how reverse mortgages interact with Ohio property tax deferral programs and local housing regulations.

What Does a Reverse Mortgage Specialist in Mayfield Heights Cost?

Typical costs for a reverse mortgage in Ohio include an origination fee 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 title and recording fees. These costs can range from 3000 to 8000 dollars depending on the home value and loan type. Ohio also charges a state recording fee of approximately 30 to 50 dollars. 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 Mayfield Heights Ohio?
Borrowers must be at least 62 years old. If there are multiple borrowers on the title, the youngest borrower must meet this age requirement. Ohio law does not allow exceptions to this federal rule.
Do I need to attend counseling before getting a reverse mortgage in Ohio?
Yes, Ohio law requires all reverse mortgage applicants to receive counseling from a HUD approved counselor. The counseling must be completed before the loan application is submitted. The counselor will explain the loan terms costs and alternatives.
What happens to the reverse mortgage if I move out of Mayfield Heights?
If you move out of the home for more than 12 consecutive months, the loan becomes due and payable. This includes moving to a nursing home or assisted living facility. You must repay the loan or sell the home to satisfy the debt.