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Find Reverse Mortgage Specialists in Bourbonnais, IL
Compare reverse mortgage specialists in Bourbonnais. Review contact information and insurance categorys before you decide.
10 agents listed
Updated June 2026
Bourbonnais, 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 10 reverse mortgage specialists in Bourbonnais, 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.
PrimeLending, A PlainsCapital Company - Greater Illinois
573 William R Latham Senior Dr Suite D, Bourbonnais, IL 60914
What Does a Reverse Mortgage Specialist in Bourbonnais Cost?
Typical costs for a reverse mortgage 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 such as appraisal and title search. Total costs often range from 2,000 to 6,000 dollars or more, depending on the home value and loan type. 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 Bourbonnais do?
A reverse mortgage specialist helps homeowners understand and apply for a Home Equity Conversion Mortgage (HECM). They explain eligibility, loan terms, and the Illinois counseling requirement.
What are the Illinois requirements for a reverse mortgage?
Borrowers must be at least 62 years old, own their home outright or have a low mortgage balance, and live in the home as their primary residence. Illinois law also requires a mandatory counseling session with a HUD-approved counselor.
How long does the reverse mortgage process take in Illinois?
The process typically takes 30 to 45 days from application to closing. This includes the mandatory counseling session and lender processing.
Reverse Mortgage Specialists in Other Illinois Cities
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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.