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Find Reverse Mortgage Specialists Near You in Schaumburg, IL
Browse reverse mortgage specialists serving Schaumburg, Illinois. Contact information and addresses listed below.
20 agents listed
Updated May 2026
Schaumburg, 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 20 reverse mortgage specialists in Schaumburg, 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.
Key Mortgage Services, NMLS# 155748
425 N Martingale Rd #1710, Schaumburg, IL 60173
8472965757
Success Lending LLC
1750 E Golf Rd suite 240, Schaumburg, IL 60173
8334451111
Lennar Mortgage, LLC Chicago
1700 E Golf Rd #100, Schaumburg, IL 60173
2242930541
Mutual of Omaha Mortgage
953 American Ln 1st Floor, Schaumburg, IL 60173
6305236011
Connect Mortgage Corp. NMLS 1580650
1375 Remington Rd C, Schaumburg, IL 60173
8476103195
Prism Lending, Inc.
850 E Higgins Rd #125w, Schaumburg, IL 60173
8477446144
CLS MORTGAGE INC
917 N Plum Grove Rd C, Schaumburg, IL 60173
8475293703
Pinnacle Mortgage Inc.
1325 Wiley Rd #160, Schaumburg, IL 60173
8475586100
Lisa Vaske Guaranteed Rate Affinity
1501 Woodfield Rd #113E, Schaumburg, IL 60173
3125050232
Infinity Financing Solutions Inc
1305 Remington Rd B, Schaumburg, IL 60173
2243669191
HomeTrust Mortgage Corporation
1475 Woodfield Rd, Schaumburg, IL 60173
8475171700
Moonstar Mortgage
953 N Plum Grove Rd, Schaumburg, IL 60173
8472787220
Wintrust Mortgage: Tracy J. Sorge
1180 E Higgins Rd, Schaumburg, IL 60194
8474144985
Bluestar Mortgage of Schaumburg, IL
951 N Plum Grove Rd, Schaumburg, IL 60173
8472304030
Fairway Independent Mortgage - The Luna Group
1051 Perimeter Dr #260, Schaumburg, IL 60173
8473442519
Steve Tripp Mortgage
1750 E Golf Rd, Schaumburg, IL 60173
8475121700
Regina Danikowski at Rate (NMLS #560041)
1900 E Golf Rd Suite L20, Schaumburg, IL 60173
6307077241
Niko Lambrinatos - All Western Mortgage
1827 Walden Office Square Ste 510, Schaumburg, IL 60173
8476686425
Scott Mazur - Union Home Mortgage
1475 Woodfield Rd suite 950, Schaumburg, IL 60173
7086927621
American Financial Mortgage Services, Inc.
1101 Perimeter Dr #460, Schaumburg, IL 60173
8003250400
A reverse mortgage specialist in Schaumburg Illinois helps homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. Illinois law requires borrowers to attend a HUD-approved counseling session before applying for a Home Equity Conversion Mortgage. Schaumburg residents can work with local specialists who understand Cook County property values and Illinois homestead exemption rules.
What Does a Reverse Mortgage Specialist in Schaumburg Cost?
Typical costs for a reverse mortgage specialist in Illinois include an origination fee of up to 2 percent of the home value capped at 6000 dollars. Third-party costs such as appraisal title insurance and recording fees range from 2000 to 5000 dollars. Illinois also charges a state mortgage recording fee of approximately 0.50 dollars per 100 dollars of loan amount. These costs vary by property value 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 does a reverse mortgage specialist need in Illinois?
In Illinois reverse mortgage specialists must hold a valid mortgage loan originator license. They should also have experience with HECM loans and understand Illinois specific rules like the three-day rescission period.
Is reverse mortgage counseling required in Schaumburg Illinois?
Yes Illinois law requires all reverse mortgage applicants to complete counseling with a HUD-approved agency. The counseling must occur at least 10 days before the loan closing.
How does the Illinois homestead exemption affect a reverse mortgage?
The Illinois homestead exemption reduces the assessed value of your primary residence for property tax purposes. A reverse mortgage does not change this exemption but you must continue to pay property taxes to avoid default.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.