Ohio homeowners use reverse mortgages to stop a monthly payment and stay in place, and the state’s homestead exemption can lower the property tax that a reverse mortgage still requires.
What is different in Ohio
- The FHA reverse mortgage (HECM) limit is $1,249,125 in 2026, far above most Ohio home values, so the home’s value, not the limit, usually sets the amount.
- Ohio’s homestead exemption reduces the taxable value of a primary home for owners 65 and older or disabled, under an income limit for new applicants.
- Property taxes, insurance and upkeep stay your responsibility, and the lender checks you can carry them.
- Older homes must meet FHA’s property standards, so repairs may be required before or soon after closing.
Questions
Can I get a reverse mortgage in Ohio?
Yes. FHA-insured reverse mortgages are available statewide for homeowners 62 and older who live in the home. See also: Reverse mortgages.
Does a reverse mortgage affect Ohio’s homestead exemption?
No. You still own and live in the home, so you keep the exemption if you qualify. See also: Reverse mortgages.
How much can I get from a reverse mortgage in Ohio?
It depends on the youngest borrower’s age, current rates and the home’s value, up to the $1,249,125 limit. Ask me for an estimate. See also: Reverse mortgages.
Related
Reverse mortgages in other states: California, Arizona, Florida. All of Ohio: mortgage loans in Ohio.
