Reverse mortgage in Ohio
The lenders, the locations of the loans and the counselors in Ohio all come from HUD's own loan records.
- In a year, Ohio saw 496 HECMs close
- Median home value HUD counted: $275,000
- Mutual of Omaha Mortgage Most HECMs in the state of Ohio (189)
In Ohio, HUD's HECM records show 496 reverse mortgages closed from September 2025 through August 2026, 2% of the 24,529 closed nationwide. That ranks Ohio 17th of the 50 states and DC.
Among the loans, 82 financed a home purchase through a HECM for Purchase, 33 refinanced an earlier HECM and 2 hit the $1,249,125 value cap.
Ohio HECMs compared with the national figures
The final two rows come from the calculator.
| Ohio | Against all HECMs | |
|---|---|---|
| HECMs closed | 496 | 2% of all 24,529 |
| Median home value counted | $275,000 | $165,000 less |
| Median principal limit | $120,255 | $73,917 less |
| Principal limit as a share of value | 42.2% | 1.2 points lower |
| Median expected rate | 5.875% | the same |
| HECM for Purchase | 16.5% | 11 points higher |
| Refinanced HECMs | 6.7% | 4.2 points lower |
| Lenders with a loan here | 18 | of 34 nationwide |
| Median home, no mortgage: what is left after costs at age 70 | $92,400 | $59,140 less |
| Usable in the first year at age 70 | $49,940 | $33,664 less |
Ohio HECM lenders ranked by loan count
In Ohio, 18 lenders sponsored HECMs. Mutual of Omaha Mortgage, Longbridge Financial and Finance of America Reverse made up the top three, and together they wrote 393 of the 496 loans (79%). See the national ranking to compare.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 |  | 189 | 38.1% |
| 2 | Longbridge Financial | 109 | 22% |
| 3 | Finance of America Reverse | 95 | 19.2% |
| 4 | Traditional Mortgage Acceptance Corporation | 28 | 5.6% |
| 5 | South River Mortgage | 22 | 4.4% |
| 6 |  | 8 | 1.6% |
| 7 | Plaza Home Mortgage | 7 | 1.4% |
| 8 | Western Ohio Mortgage | 6 | 1.2% |
| 9 | High Tech Lending | 6 | 1.2% |
| 10 | PHH Mortgage | 6 | 1.2% |
Which local lenders and brokers originated HECMs in Ohio
Ohio HECM applications went to 54 companies. Aside from the national names above, the originators with the most loans were Atlantic Avenue Mortgage (39) and Loandepot.com (19), followed by Movement Mortgage (12), T2 Financial (9), Secure Lending Incorporated (5), West Capital Lending (3), The Federal Savings Bank (3) and Nexa Mortgage (3). These counts are of the company that originated each loan, while the ranking above counts the lender that sponsored it, so the two lists are not comparable.
Places where Ohio HECMs were made
Of the 496 loans, 73 came from Franklin County, which led Cuyahoga at 37. Columbus (33) and Cincinnati (19) led the city list, followed by Plain City (14), Powell (13) and Cleveland (12). City names are the mailing city on each HUD record and can reach into nearby counties, so a city's count need not match the county table.
| County | HECMs | Share |
|---|---|---|
| Franklin | 73 | 14.7% |
| Cuyahoga | 37 | 7.5% |
| Delaware | 31 | 6.2% |
| Summit | 29 | 5.8% |
| Hamilton | 24 | 4.8% |
| Stark | 18 | 3.6% |
Ohio HUD-approved reverse mortgage counselors
Ohio hosts 4 reverse mortgage counseling agencies on HUD's list, spread across 2 cities. HUD's counselor search gives their phone numbers.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Cleveland, OH | Chn Housing Partners | phone, phone only, in person, video, group | English, French, Spanish |
| Cleveland, OH | Community Housing Solutions | phone, in person, group | English, Spanish |
| Cleveland, OH | Nid-Hca Pope | English | |
| Painesville, OH | Fair Housing Resource Center | phone, phone only, in person, video, online, group | English, Spanish |
Property tax relief for older Ohio homeowners
Ohio homeowners 65 and older can qualify for a Homestead Exemption, lowering taxable property value by $26,200. For 2023, their total household income cannot go above $36,100/year; the 2024 limit is $38,600/year. State of Ohio Homestead Exemptions - FAQs | Ohio Senate
Who oversees reverse mortgage lenders in Ohio
Nonbank residential mortgage lenders and brokers in Ohio fall under the Consumer Finance Section of the Department of Commerce. Consumer Finance | Ohio Department of Commerce.
Our numbers come from the HUD HECM portfolio snapshot covering September 2025 to August 2026. State-by-state figures: all states.