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.
Browse reverse mortgage specialists serving Chatham, Illinois. Contact information and addresses listed below.
2 agents listed
Updated May 2026
Chatham, 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 Chatham, 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.
BOS Chatham Banking Center
1140 Commercial Ct, Chatham, IL 62629
2174836666
Edward Jones - Financial Advisor: Adam W Liesman
320 N Main Suite B, Chatham, IL 62629
2179099875
A reverse mortgage specialist in Chatham 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. Specialists guide clients through the process including loan repayment rules and property tax obligations specific to Sangamon County.
What Does a Reverse Mortgage Specialist in Chatham Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee of up to 2 percent of the home value capped at 6000 dollars. Closing costs such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. Additionally FHA mortgage insurance premiums apply. 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 are the age requirements for a reverse mortgage in Chatham 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 requires counseling to ensure you understand the terms.
Do I need to own my home free and clear to get a reverse mortgage in Chatham?
No you can have an existing mortgage. The reverse mortgage pays off your current loan first. You must have sufficient equity in the home to qualify.
What happens to the reverse mortgage when I move or pass away in Illinois?
The loan becomes due when you permanently leave the home or pass away. Heirs have 30 days under federal rules to decide to pay off the loan or sell the home. Illinois law does not extend this timeline.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Chatham 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.