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Find Reverse Mortgage Specialists Near You in Arlington Heights, IL
Browse reverse mortgage specialists serving Arlington Heights, Illinois. Contact information and addresses listed below.
6 agents listed
Updated May 2026
Arlington Heights, 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 6 reverse mortgage specialists in Arlington Heights, 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.
Colin Barr, Mortgage Broker NMLS #369798
2340 S Arlington Heights Rd, Arlington Heights, IL 60005
8473466628
Town & Country Mortgage
2340 S Arlington Heights Rd #440, Arlington Heights, IL 60005
8477575075
Ron Haddad, Union Home Mortgage
220 W Campbell St Suite B, Arlington Heights, IL 60005
7734106763
One Republic Mortgage
725 E Dundee Rd Ste 201, Arlington Heights, IL 60004
8888557211
Patrick Villalobos - Chgo Mortgage Guy
3400 W Stonegate Blvd Ste 620, Arlington Heights, IL 60005
7733543135
Matthew Murphy Loan Originator #225725
2340 S Arlington Heights Rd, Arlington Heights, IL 60005
7734436495
A reverse mortgage specialist in Arlington Heights Illinois helps homeowners aged 62 and older convert home equity into cash. Illinois law requires borrowers to complete a counseling session with a HUD-approved counselor before applying for a Home Equity Conversion Mortgage HECM. Specialists in Arlington Heights guide clients through the process and explain how property taxes and insurance must remain current.
What Does a Reverse Mortgage Specialist in Arlington Heights Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee up to 2 percent of the home value a mortgage insurance premium of 2 percent of the appraised value and third-party fees for appraisal title and recording. Total closing costs often range from 3000 to 8000 depending on the home value and lender. Illinois does not cap these fees but requires full disclosure on the Loan Estimate. 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 are the age requirements for a reverse mortgage in Arlington Heights Illinois?
You must be at least 62 years old to qualify for a reverse mortgage in Illinois. All borrowers listed on the title must meet this age requirement. The home must be your primary residence.
Do I need counseling before getting a reverse mortgage in Illinois?
Yes Illinois law requires you to attend a counseling session with a HUD-approved counselor before you can apply. The counselor explains the loan terms costs and alternatives. You receive a certificate that the lender must see before processing your application.
Can I lose my home with a reverse mortgage in Arlington Heights?
You can lose your home if you fail to pay property taxes or homeowners insurance or if you stop living in the home as your primary residence. Illinois law does not allow the lender to take your home as long as you meet these obligations. Your specialist will explain all conditions clearly.
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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.