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Compare Reverse Mortgage Specialists in Chicago Heights, IL
Compare reverse mortgage specialists in Chicago Heights. Review contact information and insurance categorys before you decide.
3 agents listed
Updated May 2026
Chicago Heights, 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 3 reverse mortgage specialists in Chicago Heights, 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.
Phillip Halm Crossover Financial
448 Dixie Hwy, Chicago Heights, IL 60411
7086924488
Ryan Rees - Mortgage Loan Originator
448 Dixie Hwy, Chicago Heights, IL 60411
7082950880
US Bank Mortgage
288 W Normandy Dr, Chicago Heights, IL 60411
8008722657
A reverse mortgage specialist in Chicago Heights Illinois helps homeowners age 62 and older convert home equity into cash. Illinois law requires mandatory counseling from a HUD-approved agency before you can apply. Specialists in Chicago Heights guide you through the process and explain how the loan affects your property taxes and estate.
What Does a Reverse Mortgage Specialist in Chicago Heights 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 for appraisal title and recording. These fees often total between 3000 and 8000 dollars depending on the home value and loan type. Illinois law also requires a counseling fee of around 125 to 150 dollars. 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 age requirements for a reverse mortgage in Chicago Heights Illinois?
You must be at least 62 years old to qualify for a Home Equity Conversion Mortgage (HECM) in Illinois. All borrowers listed on the title must meet this age requirement. The specialist will verify your age during the initial consultation.
Do I need counseling before getting a reverse mortgage in Illinois?
Yes Illinois law requires you to complete a counseling session with a HUD-approved counselor. This session must happen before you submit your application. The specialist can provide a list of approved counseling agencies in the Chicago Heights area.
How does a reverse mortgage affect my property taxes in Cook County?
You must continue to pay property taxes on your Chicago Heights home. Failure to pay taxes can lead to foreclosure. The specialist will review your ability to meet tax and insurance obligations before you proceed.
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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.