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 in Des Plaines, IL
Browse reverse mortgage specialists serving Des Plaines, Illinois. Contact information and addresses listed below.
7 agents listed
Updated May 2026
Des Plaines, 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 7 reverse mortgage specialists in Des Plaines, 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.
A reverse mortgage specialist in Des Plaines can help homeowners aged 62 and older convert home equity into tax-free funds. Illinois law requires mandatory counseling from a HUD-approved agency before you can apply. This service is especially useful for seniors in Cook County looking to supplement retirement income without selling their home.
What Does a Reverse Mortgage Specialist in Des Plaines Cost?
Typical costs for a reverse mortgage specialist in Illinois include an origination fee up to 2 percent of the home value or $6,000 whichever is less. Other costs include an appraisal fee around $400 to $800 and a mortgage insurance premium of 2 percent of the home value. Counseling fees range from $125 to $250. All costs vary by situation and lender. 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 is a reverse mortgage specialist in Des Plaines?
A reverse mortgage specialist is a licensed professional who guides homeowners through the reverse mortgage process. In Illinois they must follow state and federal rules including a three-day right of rescission after closing.
Do I need counseling before getting a reverse mortgage in Illinois?
Yes Illinois law requires you to complete counseling with a HUD-approved agency before you can submit an application. The counselor will explain loan terms costs and alternatives.
What are the age and equity requirements for a reverse mortgage in Des Plaines?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence and meet FHA property standards.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Des Plaines 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.