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Find Reverse Mortgage Specialists Near You in Barrington, IL
Looking for a reverse mortgage specialist in Barrington? Review the directory below to compare your options.
10 agents listed
Updated May 2026
Barrington, 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 Barrington, 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.
Precision Mortgage Corporation
101 S Hough St Ste. 6B, Barrington, IL 60010
8004188700
Amerifinancial Home Mortgage, Inc
200 N Northwest Hwy Suite 300, Barrington, IL 60010
8473824545
Prime Rate Mortgage
613 Bryant Ave, Barrington, IL 60010
8478927600
Wintrust Mortgage: Jennifer Sobocienski
217 S Hough St, Barrington, IL 60010
7738968157
Optimal Mortgage Group, LLC
525 W Old Northwest Hwy Suite 302C - Rm 1, Barrington, IL 60010
8773007766
Wintrust Mortgage
201 S Hough St, Barrington, IL 60010
8478008128
Wells Fargo Private Mortgage Banking
101 S Wynstone Park Dr, Barrington, IL 60010
8472344444
Wintrust Mortgage: Tiffany Andreae
201 S Hough St, Barrington, IL 60010
8472092200
ChequeMark Mortgage LLC
110 S Hager Ave Suite 101B, Barrington, IL 60010
2246349377
Fidelity Mortgage Capital llc
421 N Northwest Hwy #22, Barrington, IL 60010
8478582022
A reverse mortgage specialist in Barrington, Illinois can help homeowners aged 62 and older access their home equity without monthly payments. Illinois law requires all borrowers to complete a counseling session with a HUD-approved counselor before applying for a Home Equity Conversion Mortgage (HECM). Barrington residents often use these loans to supplement retirement income, pay for home improvements, or cover healthcare costs.
What Does a Reverse Mortgage Specialist in Barrington Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee (up to $6,000), mortgage insurance premium (2% of the home value upfront plus 0.5% annually), appraisal fee ($400 to $800), and closing costs ($1,500 to $3,000). Total upfront costs usually range from $8,000 to $15,000. These costs are often financed into the loan. 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 Barrington Illinois?
Borrowers must be at least 62 years old. If there are multiple owners, all must meet this age requirement. The home must also be your primary residence.
Do I need to attend counseling for a reverse mortgage in Illinois?
Yes, Illinois law mandates that all reverse mortgage applicants complete a counseling session with a HUD-approved counselor. This session must occur before you can submit a loan application.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.