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Find Reverse Mortgage Specialists Near You in Evanston, IL
Compare reverse mortgage specialists in Evanston. Review contact information and insurance categorys before you decide.
6 agents listed
Updated May 2026
Evanston, 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 6 reverse mortgage specialists in Evanston, 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.
Beth Lewis at CrossCountry Mortgage
909 Davis St Suite 500, Office 110, Evanston, IL 60201
8472749745
John Noyes at CrossCountry Mortgage
909 Davis St Suite 500, Office 110, Evanston, IL 60201
8722503623
Michael Waldman of Origin Point, NMLS #56164
909 Davis St Suite 500, Office 110, Evanston, IL 60201
3127197864
Corinne Guerra at Prosperity Home Mortgage - Evanston
2110 Central St, Evanston, IL 60201
3128028204
Wintrust Mortgage
1740 Sherman Ave, Evanston, IL 60201
8474400620
CrossCountry Mortgage, LLC
909 Davis St Suite 500, Office 110, Evanston, IL 60201
8472749745
A reverse mortgage specialist in Evanston Illinois helps homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. Illinois law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage HECM. Specialists guide clients through state-specific rules including property tax deferral programs and non-recourse protections that limit liability to the home value.
What Does a Reverse Mortgage Specialist in Evanston Cost?
Typical costs for a reverse mortgage specialist in Illinois include an origination fee of up to 2 percent of the home value capped at 6000 dollars. Third-party costs such as appraisal title insurance and recording fees range from 1500 to 4000 dollars. Counseling fees are usually 125 to 250 dollars but may be waived for low-income borrowers. 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 eligibility requirements for a reverse mortgage in Evanston Illinois?
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 HUD property standards. Illinois does not have additional state-level age or income requirements beyond federal HECM rules.
How does Illinois law protect reverse mortgage borrowers?
Illinois follows federal HECM rules which include non-recourse protection meaning you will never owe more than the home is worth at sale. The state also mandates a three-day right of rescission after closing. Borrowers must complete counseling from a HUD-approved agency before any application.
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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.