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Find Reverse Mortgage Specialists in Hanover Park, IL
Compare reverse mortgage specialists in Hanover Park. Review contact information and insurance categorys before you decide.
6 agents listed
Updated May 2026
Hanover Park, 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 6 reverse mortgage specialists in Hanover Park, 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.
Jonathan Henry at CrossCountry Mortgage
1060 E Lake St Suite 300, Hanover Park, IL 60133
6304396376
Kristen Forbes at CrossCountry Mortgage
1060 E Lake St Suite 300, Hanover Park, IL 60133
6302352516
Crosscountry Mortgage Hanover Park
1060 E Lake St Suite 300, Hanover Park, IL 60133
6303301298
Rocky Dituri Team at CrossCountry Mortgage
1060 E Lake St Suite 300, Hanover Park, IL 60133
6305295600
Brian Fencl at CrossCountry Mortgage
1060 E Lake St Suite 300, Hanover Park, IL 60133
6304619390
Tom Skelton at CrossCountry Mortgage
1060 E Lake St Suite 300, Hanover Park, IL 60133
6303026800
A reverse mortgage specialist in Hanover Park Illinois helps 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. Specialists guide clients through the process with a focus on local property values and Illinois consumer protections.
What Does a Reverse Mortgage Specialist in Hanover Park Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee of up to 2 percent of the home value, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees like appraisal and title search. Total closing costs usually range from 2,000 to 8,000 dollars. These costs can be 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 Hanover Park Illinois?
Borrowers must be at least 62 years old. If married, the younger spouse must also be 62 to be a co-borrower. Illinois law follows federal HECM guidelines for age eligibility.
Do I need to own my home free and clear to get a reverse mortgage in Hanover Park?
No. You can still qualify if you have an existing mortgage. The reverse mortgage pays off your current loan first. You must have enough equity to cover the payoff and closing costs.
What happens to the reverse mortgage when I move out or pass away in Illinois?
The loan becomes due when you permanently leave the home or die. Heirs have up to 30 days to decide to repay the loan or sell the home. Illinois law gives heirs additional time if they are actively working with the lender.
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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.