ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Compare reverse mortgage specialists in Batavia. Review contact information and insurance categorys before you decide.
2 agents listed
Updated May 2026
Batavia, 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 2 reverse mortgage specialists in Batavia, 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.
Initial Mortgage, Inc.
108 1st St Suite 1, Batavia, IL 60510
8884064252
Chase Home Lending
5 N Randall Rd, Batavia, IL 60510
6304065518
A reverse mortgage specialist in Batavia Illinois helps homeowners aged 62 and older access home equity without monthly payments. Illinois law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage HECM. Batavia residents benefit from specialists familiar with local property values and Fox River area housing trends.
What Does a Reverse Mortgage Specialist in Batavia Cost?
Typical costs for a reverse mortgage specialist in Illinois include an origination fee capped at 2 percent of the first 200000 of home value plus 1 percent of the amount above 200000. Third party costs such as appraisal title insurance and recording fees range from 2000 to 5000. HUD counseling costs 125 to 250. 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 does a reverse mortgage specialist do in Batavia Illinois?
A reverse mortgage specialist guides Batavia homeowners through the HECM loan process. They explain eligibility requirements including age 62 minimum and primary residence status. They also coordinate with HUD-approved counselors as required by Illinois law.
Are reverse mortgage proceeds taxable in Illinois?
Reverse mortgage proceeds are not considered income for Illinois state tax purposes. The funds are loan advances against home equity so they remain tax-free. However interest on the loan is not deductible until the loan is repaid.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Batavia who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
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.