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Find Reverse Mortgage Specialists Near You in Bloomington, IL

Browse reverse mortgage specialists serving Bloomington, Illinois. Contact information and addresses listed below.

16 agents listed
Updated June 2026
Bloomington, 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 State Mortgage Licensing Authority of Illinois before hiring.
Showing 16 reverse mortgage specialists in Bloomington, 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.
First State Mortgage - Bloomington
502 N Hershey Rd #1, Bloomington, IL 61704
(309) 664-9100 firststatemortgage.biz
Tower Loan
1717 R T Dunn Dr, Bloomington, IL 61701
(309) 820-0315 towerloan.com
Team USA Mortgage LLC
1709 Tullamore Ave Unit D, Bloomington, IL 61704
(217) 224-0810 teamusamortgage.com
Compass Mortgage, Inc.
1015 Ekstam Dr, Bloomington, IL 61704
(309) 445-8947 compmort.com
David A. Usiak, Loan Officer at Mortgage Services III, LLC
502 N Hershey Rd #1, Bloomington, IL 61704
(309) 825-2709
Blooming Tree Wealth Management
801 N Hershey Rd, Bloomington, IL 61704
(309) 300-2747 bloomingtreewm.com
Merrill Lynch Wealth Management
2205 E Empire St Suite C, Bloomington, IL 61704
(309) 662-5645 advisor.ml.com
Mark Kimmerling, Loan Officer at Mortgage Services III, LLC
502 N Hershey Rd #1, Bloomington, IL 61704
(309) 826-7730
Chase Home Lending
2404 E Oakland Ave, Bloomington, IL 61701
(332) 799-5456 homelendingadvisor.chase.com
US Bank Mortgage
1702 Eastland Dr, Bloomington, IL 61704
(800) 872-2657 usbank.com
Brett Winters - Wintrust Mortgage
205 N Williamsburg Dr a, Bloomington, IL 61704
(309) 661-2612 loanswithbrett.com
American Home Lending USA
2310 E Oakland Ave #5884, Bloomington, IL 61701
(727) 400-3293 americanhomelendingusa.com
Wintrust Mortgage
205 N Williamsburg Dr a, Bloomington, IL 61704
(309) 661-6344 wintrustmortgage.com
PNC Mortgage
202 E Washington St, Bloomington, IL 61701
(309) 823-3100 pnc.com
PNC Mortgage
406 N Hershey Rd, Bloomington, IL 61704
(309) 823-3400 pnc.com
Busey Home Mortgage
2101 N Veterans Pkwy, Bloomington, IL 61704
(309) 834-1037 loanswithsandyvick.com

What Does a Reverse Mortgage Specialist in Bloomington Cost?

Typical costs for a reverse mortgage in Illinois include an origination fee up to 2% of the home value, a mortgage insurance premium of 2% of the appraised value, and third-party fees (appraisal, title, recording) ranging from 500 to 2,000 dollars. Closing costs generally total 2,000 to 6,000 dollars. 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 are the eligibility requirements for a reverse mortgage in Bloomington, Illinois?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence, and you must complete a mandatory HUD counseling session. Illinois law also requires lenders to provide a list of approved counselors.
How does a reverse mortgage affect my heirs in Illinois?
Heirs can repay the loan balance or 95% of the home value, whichever is less, to keep the home. If they sell the home, proceeds first pay off the loan, and any remaining equity goes to the estate. Illinois does not have a state estate tax that would apply in most cases.
Are reverse mortgage proceeds taxable in Illinois?
No, reverse mortgage proceeds are considered loan advances, not income, so they are not taxable at the federal or state level in Illinois. However, interest paid on the loan is not deductible until the loan is repaid. Consult a tax professional for your specific situation.

Reverse Mortgage Specialists in Other Illinois Cities

Algonquin · Alton · Antioch · Arlington Heights · Aurora · Barrington · Batavia · Belleville · Berwyn · Bloomingdale · Bolingbrook · Bourbonnais · Bradley · Brookfield · Buffalo Grove

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Legal Notice BeforeMortgageUSA.com is not a law firm, mortgage referral service, or legal 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 state mortgage licensing authority association before hiring.

About Our Listings

Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state 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 State Mortgage Licensing Authority of Illinois.

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