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 6 reverse mortgage specialists in Streator, 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.
SOCU Northpoint Branch
120 E Northpoint Dr, Streator, IL 61364
8156735577
OneMain Financial
305 E Main St, Streator, IL 61364
8156722903
Streator Home Savings Bank
132 S Monroe St, Streator, IL 61364
8156735566
M G Gulo & Associates Ltd
123 S Monroe St, Streator, IL 61364
8156722472
Anderson Investment Services LLC
302 E Main St, Streator, IL 61364
8156725850
Green Financial Group
107 E Bridge St, Streator, IL 61364
8156724871
What Does a Reverse Mortgage Specialist in Streator Cost?
Typical costs for a reverse mortgage specialist 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 search, and recording. These fees can total between 2,000 and 8,000 dollars depending on the loan amount and property value. 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 is a reverse mortgage specialist in Streator?
A reverse mortgage specialist is a licensed professional who helps seniors in Streator understand and apply for reverse mortgages. They guide clients through Illinois-specific requirements, including mandatory counseling and loan limits.
What are the Illinois requirements for a reverse mortgage?
In Illinois, borrowers must be at least 62 years old, own their home outright or have a low mortgage balance, and complete HUD-approved counseling. The loan must be repaid when the last borrower moves out or passes away.