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Browse reverse mortgage specialists serving Joliet, Illinois. Contact information and addresses listed below.
8 agents listed
Updated May 2026
Joliet, 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 Joliet, 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.
John Ruiz - Preferred Rate
350 Houbolt Rd Unit 206, Joliet, IL 60431
7089255148
Steve Staniszewski - Mortgage Loan Originator Midland States Bank nmls# 435784
1540 Rte 59, Joliet, IL 60431
8153415457
TNT Financial Group, LLC
350 Houbolt Rd Unit 206, Joliet, IL 60431
7085672380
Janine Iuliano at CrossCountry Mortgage
310 N Ottawa St, Joliet, IL 60432
8475537196
Preferred Rate - Joliet
350 Houbolt Rd Unit 206, Joliet, IL 60431
7089255148
First Mortgage Resource
3180 Theodore St #104, Joliet, IL 60435
8156099400
Amanda Orsburn | NMLS# 1082253
801 W Jefferson St, Joliet, IL 60404
8154313965
Wintrust Mortgage
2108 W Jefferson St, Joliet, IL 60435
8157258100
A reverse mortgage specialist in Joliet 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 obtaining a Home Equity Conversion Mortgage HECM. Joliet residents can use these funds for home repairs medical expenses or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Joliet Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee up to 6000 dollars, a mortgage insurance premium of 2 percent of the home value, and third-party fees like appraisal and title search ranging from 500 to 1500 dollars. Closing costs usually total 3000 to 8000 dollars depending on the loan amount and property value. 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 Joliet Illinois?
Borrowers must be at least 62 years old. All homeowners listed on the title must meet this age requirement. Non-borrowing spouses have certain protections under Illinois law and HUD rules.
Do I need counseling before getting a reverse mortgage in Joliet?
Yes Illinois law requires all borrowers to complete a counseling session with a HUD-approved counselor. This session must occur before you can submit a loan application. The counselor explains costs obligations and alternatives.
Can I lose my home with a reverse mortgage in Joliet?
You can lose your home if you fail to pay property taxes homeowners insurance or maintain the property. Illinois law requires lenders to notify borrowers of potential default. You must continue to occupy the home as your primary residence.
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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.