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Reverse Mortgage Specialists in Lake in the Hills, IL

Directory of reverse mortgage specialists in Lake in the Hills, Illinois. Verify credentials with the state mortgage licensing authority before hiring.

17 agents listed
Updated May 2026
Lake in the Hills, 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 17 reverse mortgage specialists in Lake in the Hills, 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.
Fairway Independent Mortgage Corporation
9205 S Illinois Rte 31, Lake in the Hills, IL 60156
8474589300
Don Zdunek | Fairway Independent Mortgage Corporation Senior Loan Officer
9205 S Illinois Rte 31, Lake in the Hills, IL 60156
8478128415
Mike Teppen | Fairway Independent Mortgage Corporation Branch Manager
9205 S Illinois Rte 31, Lake in the Hills, IL 60156
8478156692
JoesMyMortgageGuy
9205 S Illinois Rte 31, Lake in the Hills, IL 60156
2245582020
Jane Fisher | Fairway Independent Mortgage Corporation Senior Loan Officer
9205 S Illinois Rte 31, Lake in the Hills, IL 60156
8473401031
Dean Mangano | Fairway Independent Mortgage Corporation Senior Loan Officer
9205 S Illinois Rte 31, Lake in the Hills, IL 60156
7082542808
Al Frederick | Mortgage Loan Officer - Synergy One Lending Algonquin IL 60102
9 Crystal Lake Rd suite 205, Lake in the Hills, IL 60156
8473445124
Mike Lenzini | Fairway Independent Mortgage Corporation Branch Manager
9205 S Illinois Rte 31, Lake in the Hills, IL 60156
8478156694
Al Frederick Society Mortgage - Lake In The Hills
9 Crystal Lake Rd suite 205, Lake in the Hills, IL 60156
8473445124
Joe Dziewulski | Fairway Independent Mortgage Corporation Mortgage Advisor
9205 S Illinois Rte 31, Lake in the Hills, IL 60156
8474583014
Josh Howell | Fairway Independent Mortgage Corporation Loan Officer
9205 S Illinois Rte 31, Lake in the Hills, IL 60156
8473430397
Chase Home Lending
310 N Randall Rd, Lake in the Hills, IL 60156
6309479242
Trusted Smart Loans
9205 S Illinois Rte 31, Lake in the Hills, IL 60156
8473430397
Steve Butler | Fairway Independent Mortgage Corporation Senior Loan Officer
9205 S Illinois Rte 31, Lake in the Hills, IL 60156
7083082947
Bob Heard - Fairway Independent Mortgage - The Milestone Team
9205 S Illinois Rte 31, Lake in the Hills, IL 60156
8478156686
Richard K. Guasta | Fairway Independent Mortgage Corporation Senior Loan Officer
9205 S Illinois Rte 31, Lake in the Hills, IL 60156
8475461700
Katherine M Wright / Fairway Home Mortgage
9205 S Illinois Rte 31, Lake in the Hills, IL 60156
2243333003

A reverse mortgage specialist in Lake in the Hills Illinois helps homeowners aged 62 and older convert home equity into tax-free funds. Illinois law requires borrowers to complete a HUD-approved counseling session before applying for a Home Equity Conversion Mortgage. Local specialists guide clients through the process and explain how property taxes and insurance obligations remain the homeowners responsibility.

What Does a Reverse Mortgage Specialist in Lake in the Hills Cost?

Typical costs for a reverse mortgage in Illinois include an origination fee of up to 2 percent of the home value, a HUD counseling fee of 125 to 250 dollars, and third-party charges such as appraisal and title search ranging from 500 to 1,500 dollars. Closing costs usually total 2,000 to 5,000 dollars but can be financed 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 qualifications does a reverse mortgage specialist in Lake in the Hills need?
Specialists must hold a valid Illinois mortgage loan originator license and complete annual continuing education. They also need certification from HUD to originate FHA-insured Home Equity Conversion Mortgages.
How does Illinois law affect reverse mortgage terms?
Illinois requires a mandatory three-day rescission period after closing, during which the borrower can cancel without penalty. The state also mandates that the borrower receive a list of HUD-approved counseling agencies before signing any documents.
Can a reverse mortgage be foreclosed in Illinois?
Yes, if the borrower fails to pay property taxes, maintain homeowners insurance, or keep the home in good repair. Illinois law allows foreclosure after a 30-day notice of default and a 90-day cure period.