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Find Reverse Mortgage Specialists in Glen Carbon, IL
Directory of reverse mortgage specialists in Glen Carbon, Illinois. Verify credentials with the state mortgage licensing authority before hiring.
13 agents listed
Updated May 2026
Glen Carbon, 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 Glen Carbon, 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.
New American Funding - Glen Carbon, IL
208 Magnolia Dr, Glen Carbon, IL 62034
6182161226
New American Funding - Dan Moad
208 Magnolia Dr, Glen Carbon, IL 62034
6183013498
Micah Filipsic
208 Magnolia Dr, Glen Carbon, IL 62034
6185215319
New American Funding - Jared Mabrey
208 Magnolia Dr, Glen Carbon, IL 62034
6182059266
New American Funding - Stephen Baack
208 Magnolia Dr, Glen Carbon, IL 62034
6183070437
New American Funding - Lindell Mckown
208 Magnolia Dr, Glen Carbon, IL 62034
6186555293
USA Mortgage
3 Country Club Executive Park Ste 100, Glen Carbon, IL 62034
6185677114
Karylle Wike at CrossCountry Mortgage
2220 S State Rte 157 #225, Glen Carbon, IL 62034
6187035479
New American Funding - Rob Mangiaracina
208 Evergreen Ln, Glen Carbon, IL 62034
8477214578
John Kroot-U.S. Bank Mortgage
3601 IL-159, Glen Carbon, IL 62034
6186595465
Rob Schmersahl-USA Mortgage
3 Country Club Executive Park Suite 100, Glen Carbon, IL 62034
3145189542
Lower Mortgage
2220 S State Rte 157 #225, Glen Carbon, IL 62034
2174339912
YourHomeYourLoan
4215 IL-159, Glen Carbon, IL 62034
6185807639
A reverse mortgage specialist in Glen Carbon, Illinois can help homeowners aged 62 and older access home equity without monthly payments. Illinois law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage (HECM). Local specialists understand the specific property tax deferral programs available to seniors in Madison County.
What Does a Reverse Mortgage Specialist in Glen Carbon 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. Total closing costs often range from 3,000 to 8,000 dollars depending on the home value 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 age requirements for a reverse mortgage in Glen Carbon Illinois?
Borrowers must be at least 62 years old. All owners listed on the title must meet this age requirement. Non-borrowing spouses have certain protections under Illinois law.
Do I need counseling to get a reverse mortgage in Illinois?
Yes, Illinois requires HUD-approved counseling for all reverse mortgage applicants. The counselor will explain loan terms, costs, and alternatives. This session must occur before you can submit a loan application.
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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.