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Reverse Mortgage Specialists in Tinley Park, IL

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

5 agents listed
Updated May 2026
Tinley Park, 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 5 reverse mortgage specialists in Tinley Park, 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.
loanDepot
18311 N Creek Dr Ste E, Tinley Park, IL 60477
6304278420
Great Mortgage
17732 Oak Park Ave STE H, Tinley Park, IL 60477
7087735626
Integrity First Mortgage
8505 183rd St, Tinley Park, IL 60487
7086878007
Maryanne Montgomery - Chase Home Lending Advisor - NMLS ID 443926
17157 S Harlem Ave, Tinley Park, IL 60477
7082545552
Chase Home Lending
17157 S Harlem Ave, Tinley Park, IL 60477
7082545552

A reverse mortgage specialist in Tinley Park Illinois helps homeowners aged 62 and older access home equity without monthly payments. Illinois law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. This service is valuable for seniors in Tinley Park who want to supplement retirement income or cover home repairs.

What Does a Reverse Mortgage Specialist in Tinley Park Cost?

Typical costs for a reverse mortgage in Illinois include an origination fee of up to 6000 dollars and a mortgage insurance premium of 2 percent of the home value. Appraisal fees range from 400 to 800 dollars and closing costs vary between 1000 and 3000 dollars. These costs can be financed into the loan. 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 does a reverse mortgage specialist in Tinley Park do?
A reverse mortgage specialist guides you through the HECM process including eligibility counseling and loan options. They explain how Illinois law affects your loan such as the mandatory counseling requirement. They do not provide legal advice but can refer you to an attorney if needed.
What are the Illinois requirements for a reverse mortgage?
In Illinois you must be at least 62 years old and own your home outright or have a low mortgage balance. You must complete a counseling session with a HUD-approved agency. The loan must be repaid when you move out sell the home or pass away.