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Compare Reverse Mortgage Specialists in DeKalb, IL
Directory of reverse mortgage specialists in DeKalb, Illinois. Verify credentials with the state mortgage licensing authority before hiring.
8 agents listed
Updated May 2026
DeKalb, 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 8 reverse mortgage specialists in DeKalb, 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.
World Finance
2587 Sycamore Rd Ste C, DeKalb, IL 60115
8157549002
Heights Finance
1742 Sycamore Rd, DeKalb, IL 60115
8157489094
Devyn Grzywa FNBO Mortgage Lender
141 W Lincoln Hwy, DeKalb, IL 60115
8159919822
R V Lending Group
913 S 4th St # 102, DeKalb, IL 60115
8157547400
Heather Criddle - Old National Bank
130 W Lincoln Hwy, DeKalb, IL 60115
8152890362
Hard Money Lenders DeKalb IL
1408 Sycamore Rd, DeKalb, IL 60115
7792231170
PNC Mortgage
145 N 4th St, DeKalb, IL 60115
8157587451
Edward Jones - Financial Advisor: Mark J Cronshaw, AAMS®
122 N 1st St B, DeKalb, IL 60115
8157561662
A reverse mortgage specialist in DeKalb, Illinois helps homeowners aged 62 and older convert home equity into cash without monthly payments. Illinois law requires borrowers to complete a counseling session with a HUD-approved counselor before obtaining a reverse mortgage. This service is especially useful for seniors in DeKalb who want to supplement retirement income or cover home repairs while staying in their homes.
What Does a Reverse Mortgage Specialist in DeKalb Cost?
In Illinois, reverse mortgage specialist fees are usually included in the loan closing costs. These costs often range from 2,000 to 6,000 dollars, but can be higher for complex cases. You may also pay for appraisal, title search, and counseling fees. The total cost depends on the loan type and property value. 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 do in DeKalb Illinois?
A reverse mortgage specialist explains loan options, helps you understand eligibility, and guides you through the application process. They also ensure you meet Illinois requirements, such as mandatory counseling and property tax payment obligations.
Are there Illinois specific rules for reverse mortgages?
Yes, Illinois requires a 30-day waiting period after counseling before you can sign loan documents. You must also receive a disclosure about the potential impact on Medicaid and other benefits. The state does not allow reverse mortgages on cooperative housing.
How much does a reverse mortgage specialist cost in DeKalb?
Specialists typically do not charge upfront fees for initial consultations. Their compensation comes from the lender as part of the loan closing costs, which can range from 2,000 to 6,000 dollars depending on the loan amount and property value.
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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.