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Directory of reverse mortgage specialists in Crystal Lake, Illinois. Verify credentials with the state mortgage licensing authority before hiring.
10 agents listed
Updated May 2026
Crystal Lake, 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 10 reverse mortgage specialists in Crystal Lake, 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.
Bryan Reed, Mortgage Lender NMLS #220817
3 W Crystal Lake Ave Unit 1, Crystal Lake, IL 60014
8474778738
New American Funding - Brian Augustine
970 McHenry Ave Suites A-1 to A-4, Crystal Lake, IL 60014
8472045710
Aplos Mortgage
282 Memorial Ct C, Crystal Lake, IL 60014
8155267711
Mortgage Capital Group, Inc.
64 E Crystal Lake Ave, Crystal Lake, IL 60014
8154554422
Jerry DuPaw at Rate (NMLS #631478)
35 Berkshire Dr Unit 12, Crystal Lake, IL 60014
8478155628
Tricia Schultz at Rate (NMLS #200934)
35 Berkshire Dr #12, Crystal Lake, IL 60014
8472322720
Nicole LaMorte Branch Manager at Nations Lending - NMLS: 868279
85 S Virginia St, Crystal Lake, IL 60014
8154555554
Kristine Tonkin-U.S. Bank Mortgage
350 Commonwealth Dr, Crystal Lake, IL 60014
8157882650
Michael Tobin, Residential Mortgage Lender
230 W Virginia St #400, Crystal Lake, IL 60014
8478154870
Key Mortgage Services, Inc. - Crystal Lake
230 W Virginia St #400, Crystal Lake, IL 60014
8472965757
A reverse mortgage specialist in Crystal Lake 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 for a Home Equity Conversion Mortgage (HECM). Crystal Lake residents often use these loans to supplement retirement income or pay for home repairs while staying in their homes.
What Does a Reverse Mortgage Specialist in Crystal Lake Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee (up to $6,000), a mortgage insurance premium (2% of the home value upfront plus 0.5% annually), and third-party fees such as appraisal and title search. Total closing costs often range from $2,500 to $8,000 depending on the home value and loan type. These costs are usually financed into the loan rather than paid out of pocket. 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 are the age requirements for a reverse mortgage in Crystal Lake Illinois?
Borrowers must be at least 62 years old. If a married couple applies and one spouse is under 62, the younger spouse may still be protected under Illinois non-borrowing spouse rules after the borrowing spouse passes away.
Do I need counseling to get a reverse mortgage in Illinois?
Yes. Illinois law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session must happen at least 7 days before you sign any loan documents.
Can I lose my home with a reverse mortgage in Crystal Lake?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Illinois has a 30-day right of rescission after closing, but you must keep up with all loan obligations to stay in the home.
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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.