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Compare reverse mortgage specialists in Roscoe. Review contact information and insurance categorys before you decide.
12 agents listed
Updated May 2026
Roscoe, 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 12 reverse mortgage specialists in Roscoe, 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.
Envoy Mortgage - Rockford, IL
4761 Bluestem Rd, Roscoe, IL 61073
8157131003
Jessica Rielly - Envoy Mortgage Rockford
4761 Bluestem Rd, Roscoe, IL 61073
8159970149
Sarah Spradlin - Stateline Lender with Envoy Mortgage
4761 Bluestem Rd, Roscoe, IL 61073
8157213103
CBI Bank & Trust - Roscoe Office
5206 Elevator Rd, Roscoe, IL 61073
8156817362
First Mid Bank & Trust
5506 Clayton Cir, Roscoe, IL 61073
8156233323
Edward Jones - Financial Advisor: Lea Evers, CFP®|AAMS®|CRPS™
5412 Bridge St B, Roscoe, IL 61073
8156238966
Envoy Mortgage - Roscoe, IL
4761 Bluestem Rd, Roscoe, IL 61073
8153154067
Mutually Focused Financial Advisors
5871 Elevator Rd, Roscoe, IL 61073
8156230044
Kristie Sullivan - Envoy Mortgage
4761 Bluestem Rd, Roscoe, IL 61073
8153786962
Fidelity Mortgage Inc of Il
11415 Main St # 100, Roscoe, IL 61073
8156238887
First Step Mortgage Group Inc
10039 Bitterroot Rd #4, Roscoe, IL 61073
8152700717
Chase Home Lending
11440 Main St, Roscoe, IL 61073
7025459301
A reverse mortgage specialist in Roscoe Illinois helps homeowners aged 62 and older convert home equity into loan proceeds. Illinois law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage HECM. Roscoe residents can use these funds for home improvements medical expenses or supplementing retirement income while retaining home ownership.
What Does a Reverse Mortgage Specialist in Roscoe Cost?
Reverse mortgage costs in Illinois include an origination fee up to 2 percent of the homes value capped at 6000 dollars. Third-party costs such as appraisal title insurance and recording fees typically range from 2000 to 5000 dollars. The upfront mortgage insurance premium is 2 percent of the homes value. These costs are usually financed into the loan. 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 Roscoe Illinois?
Borrowers must be at least 62 years old. If married the younger spouse must also be 62 or older to be listed on the loan. Illinois law does not have additional age requirements beyond federal HUD rules.
Do I need to complete counseling before getting a reverse mortgage in Illinois?
Yes Illinois law requires all borrowers to complete a HUD-approved counseling session. This session explains loan terms costs and alternatives. The counseling must occur before you can submit a loan application.
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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.