ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Compare Reverse Mortgage Specialists in Fox Lake, IL
Browse reverse mortgage specialists serving Fox Lake, Illinois. Contact information and addresses listed below.
3 agents listed
Updated May 2026
Fox 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 3 reverse mortgage specialists in Fox 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.
OneMain Financial
2 W Grand Ave Ste 102, Fox Lake, IL 60020
8475878202
Chase Mortgage
1382 N US Hwy 12, Fox Lake, IL 60020
8475871026
Roc L.O. mortgages
31 Montego Colony APT 6, Fox Lake, IL 60020
8474952772
A reverse mortgage specialist in Fox Lake Illinois helps homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. Illinois law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage HECM. Fox Lake residents benefit from specialists who understand local property values and the specific protections under the Illinois Reverse Mortgage Act.
What Does a Reverse Mortgage Specialist in Fox Lake Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal title search and recording. These costs often range from 3000 to 8000 dollars depending on the home value and loan type. Borrowers can finance these costs into the loan. 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 age requirements for a reverse mortgage in Fox Lake Illinois?
Borrowers must be at least 62 years old. If married, the younger spouse must also be 62 to be listed on the loan. Illinois law does not allow exceptions to this age requirement.
Do I need counseling before getting 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 occur at least 30 days before you sign any loan documents.
Can I lose my Fox Lake home with a reverse mortgage?
You can lose your home if you fail to pay property taxes or homeowners insurance, or if you stop living in the home as your primary residence. Illinois law requires lenders to provide clear warnings about these obligations.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Fox Lake who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
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.