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Compare Reverse Mortgage Specialists in Channahon, IL
Directory of reverse mortgage specialists in Channahon, Illinois. Verify credentials with the state mortgage licensing authority before hiring.
2 agents listed
Updated May 2026
Channahon, 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 Channahon, 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.
Chase Home Lending
27242 W Eames St, Channahon, IL 60410
9542750063
Edward Jones - Financial Advisor: Michelle Denoyer, AAMS®
25224 W Eames St Suite B, Channahon, IL 60410
8152552395
A reverse mortgage specialist in Channahon Illinois helps homeowners aged 62 and older convert home equity into tax-free funds. Illinois law requires borrowers to complete HUD-approved counseling before applying. Channahon residents can use these funds for home repairs medical expenses or daily living costs while staying in their homes.
What Does a Reverse Mortgage Specialist in Channahon Cost?
Typical costs for a reverse mortgage specialist in Illinois include an origination fee of up to 2 percent of the home value capped at 6000 dollars. Third-party costs such as appraisal title insurance and recording fees range from 1500 to 4000 dollars. Illinois borrowers also pay a mortgage insurance premium of 2 percent of the home value upfront plus 0.5 percent annually. These costs vary by lender and loan amount. 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 is a reverse mortgage specialist in Channahon Illinois?
A reverse mortgage specialist is a professional who guides Channahon homeowners through the reverse mortgage process. They explain program rules help with counseling requirements and assist with loan applications. Specialists must follow Illinois and federal regulations including the mandatory counseling session.
What are the Illinois requirements for getting a reverse mortgage?
Illinois law requires borrowers to be at least 62 years old and complete HUD-approved counseling before applying. The home must be the primary residence and the borrower must pay property taxes and insurance. Illinois also has a three-day right of rescission after closing.
How do I choose a reverse mortgage specialist in Channahon?
Look for a specialist with experience in Illinois reverse mortgage rules and HECM loans. Verify they are licensed with the Illinois Department of Financial and Professional Regulation. Ask about their familiarity with Grundy County property values and local closing procedures.
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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.