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 7 reverse mortgage specialists in Newark, 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.
Polaris Home Funding Corp
2034 Cherry Valley Rd, Newark, OH 43055
7403145324
Buckeye Home Lending
1281 W Main St, Newark, OH 43055
6143259944
Robert Enright, Mortgage Lender NMLS #964132
2112 Cherry Valley Rd Suite 201, Newark, OH 43055
7409731236
Equity Resources, Inc.
25 S Park Pl, Newark, OH 43055
7403497082
Diane Hamilton, Producing Loan Officer Engagement Coach
25 S Park Pl, Newark, OH 43055
7405062388
Retirement Specialists of Central Ohio
974 N 21st St suite c-1, Newark, OH 43055
7403450055
Chase Mortgage
1212 N 21st St, Newark, OH 43055
7403661321
What Does a Reverse Mortgage Specialist in Newark Cost?
Typical costs for a reverse mortgage specialist in Ohio include an origination fee of up to 2 percent of the home value (capped at $6,000), a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal, title search, and recording. These total costs can range from $5,000 to $15,000 depending on the home value and loan type. 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 Newark Ohio?
You must be at least 62 years old to qualify for a reverse mortgage in Ohio. All borrowers listed on the title must meet this age requirement. The home must be your primary residence.
Is counseling required for 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 must occur before you can submit a loan application. The counselor explains the loan terms, costs, and alternatives.
Can I lose my home with a reverse mortgage in Newark Ohio?
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 living in the home as your primary residence.