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Looking for a reverse mortgage specialist in Cicero? Review the directory below to compare your options.
3 agents listed
Updated May 2026
Cicero, 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 3 reverse mortgage specialists in Cicero, 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.
Martha Valencia - BMO Mortgage Specialist
2903 S Cicero Ave, Cicero, IL 60804
7086062117
Align Mortgage Corp
5521 Cermak Rd, Cicero, IL 60804
7082229000
Direct Mortgage Investors, Inc.
5203 W 25th St, Cicero, IL 60804
7738828591
A reverse mortgage specialist in Cicero Illinois helps seniors access home equity through a Home Equity Conversion Mortgage or HECM. Illinois law requires borrowers to complete counseling with a HUD approved agency before applying. Cicero residents can use these loans to supplement retirement income or pay for home repairs while staying in their homes.
What Does a Reverse Mortgage Specialist in Cicero Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third party fees like appraisal and title search. Total closing costs often range from 5,000 to 10,000 dollars but vary by lender and home value. 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 does a reverse mortgage specialist in Cicero do?
A reverse mortgage specialist explains how HECM loans work and helps you apply. They guide you through Illinois mandatory counseling and ensure you meet all federal requirements. They do not provide financial advice but can answer loan process questions.
Is a reverse mortgage right for Cicero seniors?
A reverse mortgage can help if you are 62 or older and own your home. You must live in the home as your primary residence. Illinois law does not allow lenders to push you into a loan. Consider speaking with a HUD counselor first.
What are the Illinois rules for reverse mortgages?
Illinois requires a three day right of rescission after closing. You must attend HUD approved counseling. The loan amount depends on your age, home value, and current interest rates. You still pay property taxes and insurance.
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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.