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 20 reverse mortgage specialists in Chicago, 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.
Ben Cohen of Rate
3940 N Ravenswood Ave, Chicago, IL 60613
3123395533
Mike Del Preto
1945 N Elston Ave, Chicago, IL 60642
3124880552
Summit Funding, Inc.
900 N Franklin St Suite 401, 503, and 505, Chicago, IL 60610
3122243820
Craig Messman
4619 N Ravenswood Ave #300, Chicago, IL 60640
7734588916
Kambs Jennings Group at Rate
3432 W Diversey Ave floor 2, Chicago, IL 60647
3124156109
Lendlink Financial Inc
5901 N Milwaukee Ave, Chicago, IL 60646
7733043400
Team Beata Bukowski
1621 N Ashland Ave, Chicago, IL 60622
7733210008
Connor Keough Mortgage Broker
3520 S Morgan St Suite 231, Chicago, IL 60609
7082978045
The Schaff Group
20 N Wacker Dr suite 1001, Chicago, IL 60606
8476687877
Midamerica Lenders & Co - Mortgage Lenders | Home Mortgage
5151 N Harlem Ave STE 307, Chicago, IL 60656
7737756808
NewCastle Home Loans, Mortgage Lender
171 N Aberdeen St Suite 400, Chicago, IL 60607
7734861100
Kevin Flaherty, Mortgage Advisor - Fairway Independent Mortgage Corp.
415 N La Salle Dr Suite 402, Chicago, IL 60654
7083085509
NorthPoint Lending Group Inc.
7434 N Harlem Ave, Chicago, IL 60631
8477291400
A and N Mortgage Services, Inc.
1945 N Elston Ave, Chicago, IL 60642
7733055626
Alex Margulis at CrossCountry Mortgage
413 N Carpenter St #1w, Chicago, IL 60642
3126515352
Smooth Mortgage Company, LLC
4001 W Devon Ave #321, Chicago, IL 60646
7086697458
Adam Youhanna - Mortgage Advisor
7221 W Touhy Ave, Chicago, IL 60631
8473450025
Mike J Facchini | Fairway Independent Mortgage Corporation Branch Manager
415 N La Salle Dr Suite 402, Chicago, IL 60654
7737326052
Matt Tierney. SVP of Mortgage Lending at OriginPoint
1800 W Larchmont Ave, Chicago, IL 60613
7732900365
Kingswood Mortgage
3838 N Ravenswood Ave, Chicago, IL 60613
7739004995
What Does a Reverse Mortgage Specialist in Chicago 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. Other costs include an appraisal fee of 400 to 600 dollars closing costs of 2000 to 4000 dollars and mortgage insurance premiums of 2 percent of the loan amount upfront plus 0.5 percent annually. Costs vary by lender and loan type. This is general information and 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 Chicago?
A reverse mortgage specialist is a licensed professional who helps seniors understand and obtain a reverse mortgage. In Illinois they must follow state and federal regulations including the requirement for independent counseling.
What are the Illinois requirements for a reverse mortgage?
Illinois law requires borrowers to be at least 62 years old and own their home outright or have a low mortgage balance. You must also complete a counseling session with a HUD-approved agency before the loan can proceed.