ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Looking for a reverse mortgage specialist in Loves Park? Review the directory below to compare your options.
5 agents listed
Updated May 2026
Loves 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 5 reverse mortgage specialists in Loves 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.
Karina Flores - Fairway Independent Mortgage
6278 E Riverside Blvd, Loves Park, IL 61111
8155406440
Fairway Independent Mortgage Corporation
6278 E Riverside Blvd, Loves Park, IL 61111
8159662010
US Bank Mortgage
5629 N 2nd St, Loves Park, IL 61111
8008722657
Chase Mortgage
7997 N Alpine Rd, Loves Park, IL 61111
8156541441
Tampa Refinance Mortgage
6611 N 2nd St, Loves Park, IL 61111
8664843199
A reverse mortgage specialist in Loves Park Illinois helps homeowners aged 62 and older convert part of their home equity into tax-free funds. Illinois law requires borrowers to complete a counseling session with a HUD-approved counselor before applying. Loves Park residents can use these funds for home repairs medical expenses or daily living costs while remaining in their homes.
What Does a Reverse Mortgage Specialist in Loves Park Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee of up to 6000 dollars a mortgage insurance premium of 2 percent of the home value and third-party fees like appraisal title search and recording fees. Closing costs generally range from 2000 to 8000 dollars depending on the loan amount and property value. 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 Loves Park Illinois?
You must be at least 62 years old to qualify for a Home Equity Conversion Mortgage in Illinois. All borrowers listed on the title must meet this age requirement. The home must also be your primary residence.
Is a reverse mortgage counseling session required in Illinois?
Yes Illinois law requires all borrowers to complete a counseling session with a HUD-approved counselor before submitting a reverse mortgage application. This session explains the loan terms costs and alternatives. You can find counselors through the Illinois Department on Aging.
What types of homes qualify for a reverse mortgage in Loves Park?
Eligible properties include single-family homes HUD-approved condominiums and manufactured homes that meet FHA standards. The home must be in good condition and pass an FHA appraisal. Two-to-four unit properties may qualify if you occupy one unit.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Loves Park who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
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.