Skip to main content

Find Reverse Mortgage Specialists in Tallmadge, OH

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

6 agents listed
Updated May 2026
Tallmadge, 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 6 reverse mortgage specialists in Tallmadge, 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.
Chad Loughry | Fairway Home Mortgage
30B Northwest Ave Suite 110, Tallmadge, OH 44278
3302850077
Ruoff Mortgage - Tallmadge
70 West Ave, Tallmadge, OH 44278
2345712272
Russ Iona, Ruoff Mortgage
70 West Ave, Tallmadge, OH 44278
3308199946
Republic Finance
578 South Ave, Tallmadge, OH 44278
2344170339
US Bank Mortgage
600 South Ave, Tallmadge, OH 44278
8008722657
Affinity Home Equity Solutions, LLC
223 Northwest Ave #2A, Tallmadge, OH 44278
3306337765

A reverse mortgage specialist in Tallmadge Ohio helps homeowners aged 62 and older convert part of their home equity into cash without selling the property. In Ohio, borrowers must complete a counseling session with a HUD-approved agency before applying for a Home Equity Conversion Mortgage. Local specialists can guide you through the process and explain how Ohio property tax deferral programs may interact with your reverse mortgage.

What Does a Reverse Mortgage Specialist in Tallmadge Cost?

Typical costs for a reverse mortgage specialist in Ohio include an origination fee of up to 2 percent of the home value with a cap of 6,000 dollars. Third-party fees such as appraisal, title search, and recording can total 1,500 to 3,500 dollars. Mortgage insurance premiums add 2 percent of the home value upfront plus 0.5 percent annually. 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 Tallmadge Ohio?
Borrowers must be at least 62 years old. If there are co-borrowers, the youngest borrower must meet this age requirement. Ohio law follows federal HUD guidelines for HECM loans.
Do I need to own my home free and clear to get a reverse mortgage in Tallmadge?
No, you can have an existing mortgage. The reverse mortgage will pay off your current mortgage first. You must have enough equity in the home to qualify under HUD rules.
What happens to the reverse mortgage when I move out or pass away in Ohio?
The loan becomes due when the last borrower leaves the home permanently or passes away. Heirs have 30 days to decide to pay off the loan or sell the home. Ohio law provides a six-month extension for heirs in certain cases.