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Compare Reverse Mortgage Specialists in Bolingbrook, IL
Compare reverse mortgage specialists in Bolingbrook. Review contact information and insurance categorys before you decide.
5 agents listed
Updated May 2026
Bolingbrook, 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 Bolingbrook, 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
560 W Boughton Rd, Bolingbrook, IL 60440
6309197100
Jim Martin Mortgage
519 Boardman Cir, Bolingbrook, IL 60440
6305686075
Kevin Perez-U.S. Bank Mortgage
443 N Bolingbrook Dr, Bolingbrook, IL 60440
6305128074
US Bank Mortgage
443 N Bolingbrook Dr, Bolingbrook, IL 60440
8008722657
Wintrust Mortgage
198 S Bolingbrook Dr, Bolingbrook, IL 60440
6306335930
A reverse mortgage specialist in Bolingbrook Illinois helps seniors age 62 and older convert home equity into tax free funds. Illinois law requires borrowers to complete a HUD approved counseling session before applying. Specialists guide clients through the process including mandatory counseling and loan terms.
What Does a Reverse Mortgage Specialist in Bolingbrook 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. Other costs include a mortgage insurance premium of 2 percent of the appraised value an appraisal fee of 400 to 600 dollars and closing costs of 1000 to 2000 dollars. Total costs often range from 5000 to 15000 dollars depending on the home value and loan type. 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 does a reverse mortgage specialist in Bolingbrook do?
A reverse mortgage specialist helps seniors understand and apply for a Home Equity Conversion Mortgage HECM. They explain eligibility requirements loan options and the counseling process required by Illinois law. Specialists do not provide legal advice but coordinate with your attorney if needed.
What are the age and property requirements for a reverse mortgage in Illinois?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The property must be the primary residence and can be a single family home a 2 to 4 unit property or a HUD approved condo. Illinois law does not add extra age requirements beyond federal rules.
How long does the reverse mortgage process take in Bolingbrook?
The process typically takes 30 to 45 days from application to closing. This includes mandatory HUD counseling a property appraisal and lender underwriting. Illinois does not impose a specific state timeline but federal rules require a 3 day right of rescission after closing.
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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.