ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Find Reverse Mortgage Specialists Near You in Chillicothe, IL
Compare reverse mortgage specialists in Chillicothe. Review contact information and insurance categorys before you decide.
3 agents listed
Updated May 2026
Chillicothe, 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 Chillicothe, 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.
Better Banks
900 N 4th St, Chillicothe, IL 61523
3092721000
CEFCU Member Center
110 S 4th St, Chillicothe, IL 61523
3092749057
Edward Jones - Financial Advisor: Matthew D Kenady, CFP®|AAMS®
916 N 2nd St, Chillicothe, IL 61523
3092370636
Reverse mortgage specialists in Chillicothe Illinois help homeowners aged 62 and older convert home equity into tax-free funds. Illinois law requires borrowers to complete a HUD-approved counseling session before applying for a Home Equity Conversion Mortgage. Local specialists can guide you through the process and explain how a reverse mortgage may affect your estate and eligibility for state benefits.
What Does a Reverse Mortgage Specialist in Chillicothe 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 upfront plus 0.5 percent annually, and appraisal fees of 400 to 800 dollars. Closing costs such as title insurance and recording fees add 1,500 to 3,000 dollars. These costs vary by lender 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 Chillicothe do?
A reverse mortgage specialist helps you understand the loan terms, costs, and eligibility requirements. They can connect you with a HUD-approved counselor and assist with the application process. Specialists do not provide legal or financial advice but can explain how Illinois laws affect reverse mortgages.
Are there Illinois-specific rules for reverse mortgages?
Yes. Illinois requires a mandatory counseling session with a HUD-approved agency before you can apply. The state also limits the amount you can borrow based on your age and home value. Additionally, Illinois law protects surviving spouses who are not on the loan in certain cases.
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, appraisal, and underwriting. Delays can occur if the home needs repairs or if documents are incomplete.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Chillicothe who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
BeforeMortgageUSA.com is not a mortgage referral service, or financial 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 mortgage licensing authority before hiring.
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.