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Find Reverse Mortgage Specialists Near You in North Royalton, OH
Looking for a reverse mortgage specialist in North Royalton? Review the directory below to compare your options.
5 agents listed
Updated May 2026
North Royalton, 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 North Royalton, 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.
Bill Farley
12777 Abbey Rd A, North Royalton, OH 44133
2196773027
Johnny Gremm - Preferred Rate
12940 State Rd Office #3, North Royalton, OH 44133
4404651599
Movement Mortgage
12777 Abbey Rd, North Royalton, OH 44133
8773141499
Preferred Rate - North Royalton
12940 State Rd Office #3, North Royalton, OH 44133
4404651599
Curt W. Korte - Preferred Rate
12940 State Rd Office #3, North Royalton, OH 44133
6143094756
A reverse mortgage specialist in North Royalton Ohio helps homeowners aged 62 and older convert part of their home equity into cash without selling. Ohio law requires borrowers to complete a counseling session with a HUD-approved counselor before applying. This service is useful for seniors in Cuyahoga County who want to supplement retirement income or pay for home improvements.
What Does a Reverse Mortgage Specialist in North Royalton Cost?
Typical costs for a reverse mortgage specialist in Ohio include an origination fee of up to 6000 dollars and a mortgage insurance premium of 2 percent of the home value. Appraisal costs range from 400 to 800 dollars and closing costs add 1000 to 3000 dollars. These fees are usually financed into the loan so you pay little upfront. Costs vary by situation and lender. 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 North Royalton Ohio?
You must be at least 62 years old to qualify for a Home Equity Conversion Mortgage HECM in Ohio. All borrowers listed on the title must meet this age requirement. Spouses under 62 may have limited protections under Ohio law.
Do I need to own my home free and clear to get a reverse mortgage in North Royalton?
No you do not need to own your home free and clear. You can have an existing mortgage as long as you have enough equity to pay it off at closing. Ohio law requires that the home be your primary residence.
What happens to a reverse mortgage when the borrower dies in Ohio?
When the last borrower dies the loan becomes due. Heirs have 30 days under Ohio law to decide to pay off the loan or sell the home. If they sell the home any remaining equity goes to the heirs.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Ohio.