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Find Home Equity Loan Specialists in Round Lake Beach, IL

Looking for a home equity loan specialist in Round Lake Beach? Review the directory below to compare your options.

3 agents listed
Updated June 2026
Round Lake Beach, IL
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 State Mortgage Licensing Authority of Illinois before hiring.
Showing 3 home equity loan specialists in Round Lake Beach, IL Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Fifth Third Bank & ATM
454 E Rollins Rd, Round Lake Beach, IL 60073
(847) 546-3821 locations.53.com
Great Lakes Credit Union
2135 IL-83, Round Lake Beach, IL 60073
(800) 982-7850 glcu.org
Equity Minder
2189 N Illinois 83, Round Lake Beach, IL 60073
(847) 515-5031

A home equity loan specialist in Round Lake Beach, Illinois can help you access the equity in your home. Illinois law requires lenders to provide clear disclosures about loan terms and fees. Specialists guide you through the application process and explain how local property values affect your borrowing options.

What Does a Home Equity Loan Specialist in Round Lake Beach Cost?

Typical costs for a home equity loan specialist in Illinois include an origination fee of 0.5 to 1.5 percent of the loan amount and an appraisal fee of 300 to 600 dollars. Other costs may include credit report fees and title insurance. Total closing costs often range from 1,000 to 5,000 dollars depending on loan size. This information is general and does not constitute 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 does a home equity loan specialist do in Round Lake Beach?
A home equity loan specialist helps you understand loan options, gather documents, and compare lenders. They explain Illinois specific rules like the right to rescind within three business days for certain loans.
How much equity do I need for a home equity loan in Illinois?
Most lenders require you to keep at least 15 to 20 percent equity in your home after the loan. This means your loan amount plus your existing mortgage cannot exceed 80 to 85 percent of your home value.
Are there closing costs for a home equity loan in Illinois?
Yes, closing costs typically range from 2 to 5 percent of the loan amount. These costs may include appraisal fees, title search fees, and origination fees. Illinois law requires lenders to provide a Loan Estimate showing all fees upfront.

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