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Reverse Mortgage Specialists in Clarendon Hills, IL
Browse reverse mortgage specialists serving Clarendon Hills, Illinois. Contact information and addresses listed below.
2 agents listed
Updated May 2026
Clarendon Hills, 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 Clarendon Hills, 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.
The Mortgage Bros - powered by Next Chapter Financial
310 Harris Ave, Clarendon Hills, IL 60514
7087696619
A and N Mortgage Services, Inc.
219 Burlington Ave, Clarendon Hills, IL 60514
7733055626
What Does a Reverse Mortgage Specialist in Clarendon Hills 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. Closing costs such as appraisal title insurance and recording fees range from 2000 to 4000 dollars. The upfront mortgage insurance premium is 2 percent of the appraised value. Annual mortgage insurance premiums are 0.5 percent of the loan balance. These costs can be financed into the loan so you pay little upfront. 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 eligibility requirements for a reverse mortgage in Clarendon Hills Illinois?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be your primary residence. Illinois law also requires completion of a counseling session with a HUD-approved counselor before you can apply.
How does Illinois law affect reverse mortgage proceeds?
Illinois follows federal rules for reverse mortgages. Proceeds are generally tax-free and do not affect Social Security or Medicare benefits. However they may affect need-based programs like Medicaid. A specialist can explain how Illinois specific property tax deferral programs interact with reverse mortgages.
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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.