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Find Reverse Mortgage Specialists Near You in Swansea, IL

Looking for a reverse mortgage specialist in Swansea? Review the directory below to compare your options.

9 agents listed
Updated May 2026
Swansea, 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 Swansea, 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 - Michael Vogt
4969 Benchmark Centre Dr #300, Swansea, IL 62226
6186222100
Martin Financial Services, Inc.
222 W Pointe Dr, Swansea, IL 62226
6182333000
Guild Mortgage Company
4969 Benchmark Centre Dr #300, Swansea, IL 62226
6186222100
Nations Lending - Swansea, IL Branch - NMLS: 2408027
2 Park Pl Suite A, Swansea, IL 62226
8775975805
Busey Bank
3685 Sullivan Dr, Swansea, IL 62226
6182221019
Primary Residential Mortgage, Inc - Swansea, IL Branch
4010 N Illinois St Ste B6, Swansea, IL 62226
6183100752
First Integrity Mortgage
201 W Pointe Dr, Swansea, IL 62226
6183559860
Great Mortgage
13 Park Pl, Swansea, IL 62226
6187262122
Regions Mortgage
1300 N Belt W, Swansea, IL 62226
6182573525

A reverse mortgage specialist in Swansea, Illinois can help homeowners aged 62 and older access home equity without monthly payments. Illinois law requires mandatory counseling from a HUD-approved agency before you can close a Home Equity Conversion Mortgage (HECM). Swansea residents benefit from local specialists who understand St. Clair County property values and Illinois homestead exemptions.

What Does a Reverse Mortgage Specialist in Swansea Cost?

Typical costs for a reverse mortgage specialist in Illinois include an origination fee of up to 2% of the home value (capped at $6,000), a mortgage insurance premium of 2% of the appraised value, and third-party fees for appraisal, title search, and recording. Closing costs generally range from $2,000 to $5,000. These costs can be 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 is a reverse mortgage specialist in Swansea Illinois?
A reverse mortgage specialist is a licensed mortgage loan originator who focuses on HECM loans for seniors. They guide you through the process, explain Illinois-specific rules, and help you choose a payment option that fits your needs.
Do I need counseling for a reverse mortgage in Illinois?
Yes, Illinois law requires you to complete a counseling session with a HUD-approved agency before applying. This session must occur at least 30 days before you sign the loan documents. The specialist can provide a list of approved counselors.
What are the eligibility requirements for a reverse mortgage in Swansea?
You must be at least 62 years old, own your home outright or have a low mortgage balance, and live in the home as your primary residence. The property must be a single-family home, a 2-4 unit property, or a HUD-approved condominium. You also need to pay property taxes and homeowners insurance.