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Browse reverse mortgage specialists serving Frankfort, Illinois. Contact information and addresses listed below.
13 agents listed
Updated May 2026
Frankfort, 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 13 reverse mortgage specialists in Frankfort, 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.
Guild Mortgage - Brian Sewell
20624 Abbey Woods Ct Suite 202 A, Frankfort, IL 60423
6303520629
Mortgage Leaders LLC - Allen Smith
20635 Abbey Woods Ct #303, Frankfort, IL 60423
8155077000
New American Funding - Martin Lorenzen NMLS#2010122
20529 LaGrange Rd Unit M Office 2+3, Frankfort, IL 60423
7735569283
Craig Buske | Mortgage Leaders
20635 Abbey Woods Ct #303, Frankfort, IL 60423
8155077000
Chris Totani at Rate (NMLS #222019)
20 Kansas St Suite 200, Frankfort, IL 60423
6308643771
Rate
20 Kansas St Suite 200, Frankfort, IL 60423
6303647589
Guild Mortgage Company
20624 Abbey Woods Ct Suite 202 A, Frankfort, IL 60423
6303520629
Roy Lux at Rate (NMLS #512073)
20 Kansas St Suite 200, Frankfort, IL 60423
8156769118
Rob Slovin at Rate (NMLS #130487)
20 Kansas St Suite 200, Frankfort, IL 60423
6303647589
Daniel Adlfinger - Chase Home Lending Advisor - NMLS ID 682344
20801 LaGrange Rd, Frankfort, IL 60423
7089515163
Michael O'Connor-U.S. Bank Mortgage
9795 W Lincoln Hwy, Frankfort, IL 60423
8152358565
The Mortgage Exchange - Frankfort
20950 S Frankfort Square Rd, Frankfort, IL 60423
8884357070
Guild Mortgage - Trena Jackson
20624 Abbey Woods Ct Suite 202 A, Frankfort, IL 60423
6305249671
A reverse mortgage specialist in Frankfort Illinois can help homeowners aged 62 and older convert part of their home equity into tax-free funds without monthly mortgage payments. Illinois law requires borrowers to complete a HUD-approved counseling session before applying for a Home Equity Conversion Mortgage HECM. Frankfort residents should work with a specialist familiar with Illinois property tax deferral programs and local housing market conditions.
What Does a Reverse Mortgage Specialist in Frankfort Cost?
Typical costs for a reverse mortgage specialist in Illinois include an origination fee of up to 2 percent of the first 200000 of home value plus 1 percent of the amount above 200000. Closing costs such as appraisal title insurance and recording fees range from 2000 to 5000. The HECM counseling fee is usually 125 to 150. These costs can be rolled 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 Frankfort Illinois?
You must be at least 62 years old to qualify for a HECM reverse mortgage in Illinois. All borrowers listed on the title must meet this age requirement. The home must be your primary residence.
Do I need counseling before getting a reverse mortgage in Illinois?
Yes Illinois law requires all borrowers to complete a HECM counseling session with a HUD-approved counselor before applying. This session typically takes 60 to 90 minutes and can be done over the phone or in person. The counselor will explain loan terms costs and alternatives.
Can I lose my home with a reverse mortgage in Frankfort?
You can lose your home if you fail to meet loan obligations such as paying property taxes homeowners insurance and maintaining the property. Illinois law allows lenders to foreclose if you do not keep up with these requirements. You must also continue to live in the home as your primary residence.
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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.