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 Highland, 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.
Horstmann Premier Financial
1016 Pine St, Highland, IL 62249
6183394054
Homestead Financial Mortgage - Highland, IL
1301 Broadway, Highland, IL 62249
6189803860
Edward Jones - Financial Advisor: Carl W Dempsey, AFFP®
100 Executive Dr, Highland, IL 62249
6188925640
Edward Jones - Financial Advisor: Matt Armentrout, CFP®|CEPA®|AFFP®
5 Apex Dr Suite 200, Highland, IL 62249
6186511097
US Bank Mortgage
1000 Broadway, Highland, IL 62249
8008722657
Highlands Residential Mortgage
1001 Main St APT 6, Highland, IL 62249
6182055480
Edward Jones - Financial Advisor: Kevin M Dewaele
1005 Washington St, Highland, IL 62249
6182282058
What Does a Reverse Mortgage Specialist in Highland Cost?
Typical costs for a reverse mortgage specialist 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 and title search. Total closing costs often range from 2,000 to 5,000 dollars. These costs can be financed into the loan. 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 are the age requirements for a reverse mortgage in Highland Illinois?
Borrowers must be at least 62 years old. The youngest borrower on the title must meet this age requirement. Illinois law does not change this federal HUD rule.
Is counseling required for a reverse mortgage in Illinois?
Yes. Illinois requires all applicants to complete a counseling session with a HUD-approved counselor before submitting a loan application. The session covers loan terms, costs, and alternatives.
Can a reverse mortgage affect my property taxes in Highland Illinois?
A reverse mortgage does not change your property tax obligation. You must still pay property taxes and homeowners insurance. Failure to pay could lead to foreclosure.