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Find Reverse Mortgage Specialists Near You in Geneva, IL
Compare reverse mortgage specialists in Geneva. Review contact information and insurance categorys before you decide.
10 agents listed
Updated May 2026
Geneva, 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 Geneva, 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 Matts - Matt Paradis & Matt Del Giudice at Guaranteed Rate
1 W State St Suite 300, Geneva, IL 60134
6302125873
Premier Financial Services Inc
206 W State St #202, Geneva, IL 60134
6302324800
Neighborhood Loans: Geneva, IL - NMLS# 222982
1542 S Randall Rd suite 100, Geneva, IL 60134
6302464777
Copper Funding LLC
22 S 4th St, Geneva, IL 60134
6304479482
Compass Mortgage, Inc.
477 S 3rd St #250, Geneva, IL 60134
6304456300
Larry LoVetere at Rate (NMLS #224678)
1 W State St Suite 300, Geneva, IL 60134
3312145662
Dave Zarembski at Rate (NMLS #372530)
1 W State St Suite 300, Geneva, IL 60134
6303136211
Rate
1 W State St Suite 300, Geneva, IL 60134
6303647535
Inland Home Mortgage
1900 W State St, Geneva, IL 60134
8473663191
Wintrust Mortgage
330 W State St STE 2, Geneva, IL 60134
6303035255
A reverse mortgage specialist in Geneva Illinois helps homeowners aged 62 and older access home equity without monthly payments. Illinois law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Geneva seniors often use these funds for home repairs or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Geneva 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, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees such as appraisal and title search totaling 500 to 1500 dollars. Annual servicing fees are usually 30 to 35 dollars per month. These costs vary by lender and loan type. 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 eligibility requirements for a reverse mortgage in Illinois?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The property must be your primary residence. Illinois law mandates a waiting period of at least 7 days after counseling before loan closing.
How does Illinois law protect reverse mortgage borrowers?
Illinois requires lenders to provide a detailed disclosure of loan terms and costs. Borrowers have a 3-day right of rescission after signing. The state also prohibits lenders from requiring the purchase of other financial products with the loan.
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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.