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Compare Reverse Mortgage Specialists in Inverness, IL
Compare reverse mortgage specialists in Inverness. Review contact information and insurance categorys before you decide.
2 agents listed
Updated May 2026
Inverness, 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 2 reverse mortgage specialists in Inverness, 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.
Michael Jurkovic - CLEAR, a mortgage company
1630 W Colonial Pkwy, Inverness, IL 60067
7083720387
Resource Plus Mortgage
1619 Colonial Pkwy Suite #201, Inverness, IL 60067
8473595300
Reverse mortgage specialists in Inverness Illinois help homeowners aged 62 and older convert home equity into tax free funds. Illinois law requires borrowers to complete HUD approved counseling before obtaining a Home Equity Conversion Mortgage or HECM. Specialists guide clients through the unique process for properties in Cook County and the surrounding area.
What Does a Reverse Mortgage Specialist in Inverness 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 of the appraised value and third party costs such as appraisal title and recording fees. Total closing costs often range from 5 000 to 10 000 depending on the property value 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 do in Inverness Illinois?
A reverse mortgage specialist explains loan options helps with the application process and coordinates with HUD approved counselors. They ensure compliance with Illinois state regulations and federal HECM guidelines.
What are the eligibility requirements for a reverse mortgage in Illinois?
Borrowers must be at least 62 years old own their home outright or have a low mortgage balance and live in the property as their primary residence. Illinois law also requires completion of a consumer education session.
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 HUD counseling session which must be completed at least 7 days before closing under federal rules.
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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.