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Compare reverse mortgage specialists in Mundelein. Review contact information and insurance categorys before you decide.
4 agents listed
Updated May 2026
Mundelein, 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 4 reverse mortgage specialists in Mundelein, 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.
ALS Mortgage
1353 Kettering Rd, Mundelein, IL 60060
7086102211
PRMG
333 IL-83 Ste 205, Mundelein, IL 60060
8154995111
Fisher Mortgage Co
333 IL-83 Ste 206, Mundelein, IL 60060
8478375313
Quick Mortgage Solution LLC
1300 Shefield Ave, Mundelein, IL 60060
8476063664
A reverse mortgage specialist in Mundelein Illinois helps homeowners aged 62 and older convert home equity into loan proceeds 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 including loan terms repayment options and property tax obligations specific to Lake County.
What Does a Reverse Mortgage Specialist in Mundelein Cost?
Typical costs for a reverse mortgage specialist in Illinois include an origination fee of up to 2 percent of the home value or $6,000 whichever is less. Third-party costs such as appraisal title insurance and recording fees range from $2,000 to $5,000. HUD counseling costs around $125 to $250. 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 qualifications should a reverse mortgage specialist have in Mundelein?
A qualified specialist should hold a valid Illinois mortgage loan originator license and have experience with HECM loans. They must follow federal HUD guidelines and Illinois state regulations for reverse mortgages.
Are there Illinois specific rules for reverse mortgage counseling?
Yes Illinois requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor before submitting a loan application. The counseling covers loan terms costs and alternatives.
How does a reverse mortgage affect property taxes in Mundelein?
Borrowers must continue to pay property taxes and homeowners insurance. Failure to pay taxes can lead to loan default and foreclosure. Lake County offers tax deferral programs for seniors that may help.
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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.