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Compare Reverse Mortgage Specialists in Lansing, IL

Browse reverse mortgage specialists serving Lansing, Illinois. Contact information and addresses listed below.

6 agents listed
Updated May 2026
Lansing, 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 Lansing, 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.
Wintrust Mortgage
3256 Ridge Rd, Lansing, IL 60438
7084741300
Hard Money Lenders Lansing IL
17035 Burnham Ave, Lansing, IL 60438
7083169746
Chase Home Lending
16767 Torrence Ave, Lansing, IL 60438
8183308032
Chase Home Lending
3115 Ridge Rd, Lansing, IL 60438
3107209399
Melita Randolph - Old National Bank
18120 Torrence Ave, Lansing, IL 60438
7084554250
Chase Mortgage
3115 Ridge Rd, Lansing, IL 60438
7084182625

A reverse mortgage specialist in Lansing Illinois helps older homeowners access home equity without monthly payments. Illinois law requires borrowers to complete a HUD-approved counseling session before applying. This type of loan can provide tax-free funds for retirement or home repairs in the Lansing area.

What Does a Reverse Mortgage Specialist in Lansing 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. Third-party costs such as appraisal title search and recording fees range from 1000 to 3000 dollars. Mortgage insurance premiums equal 2 percent of the home value upfront plus 0.5 percent annually. Costs vary by loan amount and lender. 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 Lansing Illinois?
All borrowers must be at least 62 years old. Illinois law follows federal HUD guidelines for age eligibility. The home must be the primary residence of the borrower.
Do I need counseling before getting a reverse mortgage in Illinois?
Yes. Illinois law requires a HUD-approved counseling session for all reverse mortgage applicants. The session covers loan terms costs and alternatives. You must receive a certificate of completion before the loan can proceed.
What property types qualify for a reverse mortgage in Lansing?
Single-family homes HUD-approved condominiums and townhouses qualify. Manufactured homes built after June 15 1976 also qualify if on a permanent foundation. Two to four unit properties may qualify if the borrower occupies one unit.