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Browse reverse mortgage specialists serving Oswego, Illinois. Contact information and addresses listed below.
9 agents listed
Updated May 2026
Oswego, 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 Oswego, 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.
Guild Mortgage - Cary Meyers
4583 IL-71, Oswego, IL 60543
6169152366
Guild Mortgage - Kurt Doy
4583 IL-71, Oswego, IL 60543
6304502513
Guild Mortgage - Ivonne Sanchez
4583 IL-71, Oswego, IL 60543
6309010755
Melissa Olson
4583 IL-71, Oswego, IL 60543
6303372990
Guild Mortgage - Dwayne Lopez
4583 IL-71, Oswego, IL 60543
6308009498
Chase Home Lending
2310 US-34, Oswego, IL 60543
6305546170
Guild Mortgage Company
4583 IL-71, Oswego, IL 60543
6306310035
Christine Whisenant - Mortgage Loan Officer
1200 Douglas Rd, Oswego, IL 60543
6303856692
US Bank Mortgage
2300-2600 US-34, Oswego, IL 60543
8008722657
A reverse mortgage specialist in Oswego Illinois helps homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. Illinois law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage (HECM). Local specialists guide clients through the process and explain how property taxes and insurance remain the homeowners responsibility.
What Does a Reverse Mortgage Specialist in Oswego Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee of up to $6,000, a mortgage insurance premium of 2% of the appraised value, and third-party fees such as appraisal ($400 to $600) and title search ($500 to $1,000). Counseling costs about $125. Total closing costs often range from $8,000 to $15,000 but vary by loan amount and property value. 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 Oswego Illinois?
Borrowers must be at least 62 years old. If a married couple applies, both spouses must meet the age requirement. Illinois law does not allow exceptions to this federal HECM rule.
Do I need counseling before getting a reverse mortgage in Illinois?
Yes. Illinois requires all HECM applicants to complete a counseling session with a HUD-approved agency. The session typically costs around $125 and covers loan terms, costs, and alternatives. You must receive a certificate of completion before the lender can process your application.
Can I lose my home with a reverse mortgage in Oswego?
Yes if you fail to pay property taxes or homeowners insurance or if you move out of the home for more than 12 months. Illinois law also allows the lender to demand repayment if the home is not your primary residence. You must keep the home in good repair.
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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.