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Find Reverse Mortgage Specialists Near You in Morton, IL
Looking for a reverse mortgage specialist in Morton? Review the directory below to compare your options.
9 agents listed
Updated May 2026
Morton, 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 9 reverse mortgage specialists in Morton, 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.
Edward Jones - Financial Advisor: Adam M Spangler, CFP®
601 S Main St, Morton, IL 61550
3097903891
PNC Mortgage
80 E Jefferson St, Morton, IL 61550
3092667193
Compeer Financial
515 E Courtland St, Morton, IL 61550
3092667059
A reverse mortgage specialist in Morton, Illinois can help homeowners aged 62 and older convert home equity into tax-free funds. Illinois law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Morton residents may use these funds for home repairs, medical expenses, or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Morton Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee (up to 2 percent of the home value, capped at 6,000 dollars), a mortgage insurance premium (2 percent of the appraised value upfront), and third-party fees such as appraisal and title search. These costs total between 5,000 and 15,000 dollars on average. Costs vary by 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 Morton Illinois?
Borrowers must be at least 62 years old. The youngest co-borrower on the title must meet this age requirement under federal HECM rules.
Do I need to own my home free and clear to get a reverse mortgage in Morton?
No, you can have an existing mortgage. The reverse mortgage must be used to pay off any current liens first. Your remaining equity determines how much you can receive.
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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.