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 Oakbrook Terrace, 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.
Gary Krakowski - Preferred Rate
1801 S Meyers Rd #500, Oakbrook Terrace, IL 60181
6305506025
Preferred Rate - Oakbrook Terrace
1801 S Meyers Rd #500, Oakbrook Terrace, IL 60181
6302257575
Michael Krakowski - Preferred Rate
1801 S Meyers Rd #500, Oakbrook Terrace, IL 60181
6308817902
Claudio Prunotto - Preferred Rate
1801 S Meyers Rd #500, Oakbrook Terrace, IL 60181
7738513777
Sergio Giangrande - Preferred Rate
1801 S Meyers Rd #500, Oakbrook Terrace, IL 60181
8474897742
Frank R. Stompanato - Preferred Rate
1801 S Meyers Rd #500, Oakbrook Terrace, IL 60181
8476825572
Magdalena Vera - Preferred Rate
1801 S Meyers Rd #500, Oakbrook Terrace, IL 60181
6302722986
Andy Nester - Preferred Rate
1801 S Meyers Rd #500, Oakbrook Terrace, IL 60181
6306673660
Camilla Papaioannou - Preferred Rate
1801 S Meyers Rd #500, Oakbrook Terrace, IL 60181
3126569411
Edward Anthony Loss Jr - Preferred Rate
1801 S Meyers Rd #500, Oakbrook Terrace, IL 60181
7087693621
Richard Peter Hanover - Preferred Rate
1801 S Meyers Rd #500, Oakbrook Terrace, IL 60181
3124682522
Millie Ruiz Wagner - Preferred Rate
1801 S Meyers Rd #500, Oakbrook Terrace, IL 60181
7089453315
Michael H Reddy - Preferred Rate
1801 S Meyers Rd #500, Oakbrook Terrace, IL 60181
6307763009
Erin Griffin - Preferred Rate
1801 S Meyers Rd #500, Oakbrook Terrace, IL 60181
7732738607
Jorge Rodriguez - Preferred Rate
1801 S Meyers Rd #500, Oakbrook Terrace, IL 60181
6302257575
FHA Lend Mortgage
17W662 Butterfield Rd Suite 205, Oakbrook Terrace, IL 60181
8889001020
Nationwide Mortgage & Realty, LLC
1 Trans Am Plaza Dr # 300, Oakbrook Terrace, IL 60181
8449530100
What Does a Reverse Mortgage Specialist in Oakbrook Terrace Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee of up to 2 percent of the home value a mortgage insurance premium of 2 percent of the appraised value and third-party fees for appraisal title and recording. These costs often range from 3000 to 8000 depending on the home value and loan type. Borrowers can finance these costs into the loan. This is general information and 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 Oakbrook Terrace Illinois?
Borrowers must be at least 62 years old to qualify for a reverse mortgage in Illinois. All homeowners listed on the title must meet this age requirement. The property must also be the borrower's primary residence.
Do Illinois laws require counseling before getting a reverse mortgage?
Yes Illinois law mandates that all reverse mortgage applicants complete a counseling session with a HUD-approved counselor. This session must occur before the loan application is submitted. The counselor explains loan terms costs and alternatives.
What types of properties qualify for a reverse mortgage in Oakbrook Terrace?
Eligible properties include single-family homes HUD-approved condominiums and townhouses. Manufactured homes may qualify if they meet FHA standards. The property must be in good condition and pass an FHA appraisal.