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Find Reverse Mortgage Specialists Near You in Yellow Springs, OH
Looking for a reverse mortgage specialist in Yellow Springs? Review the directory below to compare your options.
2 agents listed
Updated May 2026
Yellow Springs, 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 2 reverse mortgage specialists in Yellow Springs, 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.
Edward Jones - Financial Advisor: Ryan P Carpe, CFP®
506 S High St Suite C, Yellow Springs, OH 45387
9373194606
US Bank Mortgage
266 Xenia Ave, Yellow Springs, OH 45387
8008722657
Reverse mortgage specialists in Yellow Springs, Ohio help homeowners aged 62 and older access home equity through FHA-insured Home Equity Conversion Mortgages (HECMs). Ohio law requires borrowers to complete mandatory counseling with a HUD-approved agency before obtaining a reverse mortgage. Local specialists can guide you through the process, including understanding the non-recourse feature and repayment terms specific to Ohio.
What Does a Reverse Mortgage Specialist in Yellow Springs 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 6000 dollars for FHA loans) plus third-party costs like appraisal (400 to 600 dollars) and title search (500 to 1000 dollars). Mortgage insurance premiums of 2 percent of the home value are also required. These costs vary by lender and loan amount. 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 is the minimum age for a reverse mortgage in Yellow Springs Ohio?
The minimum age is 62 for all borrowers on the title. Ohio follows federal HECM guidelines for age requirements. Both spouses must meet this age if listed on the deed.
Do I need counseling before getting a reverse mortgage in Ohio?
Yes, Ohio law requires all borrowers to complete HUD-approved counseling before applying. This counseling explains costs, alternatives, and obligations. The specialist can provide a list of approved counselors in the Yellow Springs area.
Are reverse mortgage proceeds taxable in Ohio?
No, loan proceeds from a reverse mortgage are not considered income for Ohio state tax purposes. They are loan advances and are tax-free. However, you must still pay property taxes and homeowners insurance.
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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.