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Browse reverse mortgage specialists serving Alton, Illinois. Contact information and addresses listed below.
10 agents listed
Updated May 2026
Alton, 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 Illinois before hiring.
Showing 10 reverse mortgage specialists in Alton, 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.
Heights Finance
228 Regional Dr, Alton, IL 62002
6184620139
Mariner Finance
1837 Homer M Adams Pkwy Suite G-2, Alton, IL 62002
6184662728
Regional Finance
1837 Homer M Adams Pkwy Suite Q, Alton, IL 62002
6186192641
OneMain Financial
215 E Center Dr d, Alton, IL 62002
6184652566
Edward Jones - Financial Advisor: Tim Epps, CFP®|AAMS®
1837 Homer M Adams Pkwy Ste G1, Alton, IL 62002
6184652640
Sports Afield Mortgage
3644 Fosterburg Rd, Alton, IL 62002
6184946491
Edward Jones - Financial Advisor: Art Fahrner, CFP®
2305 State St, Alton, IL 62002
6189958394
Wells Fargo Advisors
112 Homer M Adams Pkwy, Alton, IL 62002
6184660011
Preferred Mortgage Services, Inc.
2375 East Homer M Adams Pkwy, Alton, IL 62002
6184635700
US Bank Mortgage
2627 State St, Alton, IL 62002
8008722657
What Does a Reverse Mortgage Specialist in Alton Cost?
Typical costs for a reverse mortgage in Illinois include an upfront mortgage insurance premium of 2% of the appraised value, plus an annual premium of 0.5%. Origination fees are capped at $6,000 or 2% of the first $200,000 of home value, whichever is less. Third-party costs such as appraisal, title search, and recording fees usually range from $500 to $1,500. Total closing costs often fall between $6,000 and $12,000. This is general information 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 are the age requirements for a reverse mortgage in Alton Illinois?
Borrowers must be at least 62 years old. If married, the younger spouse must also be 62 to be listed on the loan. Illinois law does not change this federal HECM requirement.
Do I need to own my home free and clear to qualify in Alton?
No, you do not need to own your home free and clear. However, any existing mortgage or lien must be paid off with the reverse mortgage proceeds. The home must be your primary residence in Alton.
Is the reverse mortgage proceeds taxable in Illinois?
Reverse mortgage proceeds are not considered income by the IRS or the State of Illinois. They are loan advances and are tax-free. However, you remain responsible for 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 Illinois.