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Compare Reverse Mortgage Specialists in Decatur, IL
Directory of reverse mortgage specialists in Decatur, Illinois. Verify credentials with the state mortgage licensing authority before hiring.
16 agents listed
Updated May 2026
Decatur, 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 16 reverse mortgage specialists in Decatur, 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.
Mariner Finance
4284 Prospect Dr, Decatur, IL 62526
2178761500
OneMain Financial
3170 N Water St, Decatur, IL 62526
2178753425
Busey Bank
130 N Water St, Decatur, IL 62523
2174241111
CEFCU Member Center
3301 N Woodford St, Decatur, IL 62526
2178751177
Northwestern Mutual
240 S Main St, Decatur, IL 62523
2174230400
Wells Fargo Advisors
100 S Water St Suite 104, Decatur, IL 62523
2174204640
Stacey Mooney - Mortgage Banker - Heartland Bank
303 N Main St, Decatur, IL 62522
2173291603
Stifel
415 N Franklin St, Decatur, IL 62523
2174294290
Jennifer M Swinger - Regions Mortgage Loan Officer
350 N Water St, Decatur, IL 62523
2173693959
The Brechnitz Group of Raymond James
101 S Main St #301, Decatur, IL 62523
2174231388
Regions Mortgage
333 E Pershing Rd, Decatur, IL 62526
8007344667
Mortgage Services III LLC
5130 Hickory Point Frontage Rd, Decatur, IL 62526
2176154960
Hard Money Lenders Decatur IL
151 E Decatur St, Decatur, IL 62521
2162304164
Parker Mathis Wealth Advisors
240 S Main St, Decatur, IL 62523
2174230400
Regions Mortgage
2360 Mount Zion Rd, Decatur, IL 62521
8003256000
Info Mortgage Refinance
984 W Pershing Rd, Decatur, IL 62526
8774443597
Reverse mortgage specialists in Decatur Illinois help homeowners aged 62 and older convert home equity into tax-free funds without monthly mortgage payments. Illinois law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage (HECM). Specialists guide clients through the unique requirements of Illinois property tax deferral programs and local closing procedures in Macon County.
What Does a Reverse Mortgage Specialist in Decatur 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. Third-party closing costs such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. Illinois also charges a mortgage recording tax of 0.50 dollars per 100 dollars of the loan amount. These costs are often financed into the loan. 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 Decatur Illinois?
Borrowers must be at least 62 years old. If married the younger spouse must also be 62 unless they qualify as a non-borrowing spouse under HUD rules. Illinois law does not change this federal age requirement.
Do I need counseling before getting a reverse mortgage in Decatur?
Yes Illinois law requires HUD-approved counseling for all reverse mortgage applicants. The counseling session must be completed within 180 days before you submit your loan application. Specialists can provide a list of approved counselors in the Decatur area.
Can I lose my home with a reverse mortgage in Illinois?
You can lose your home if you fail to pay property taxes homeowners insurance or maintain the property. Illinois law gives you a 30-day cure period after a notice of default before foreclosure proceedings can begin. Specialists explain these obligations during the application process.
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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.