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Reverse Mortgage Specialists in La Grange, IL

Looking for a reverse mortgage specialist in La Grange? Review the directory below to compare your options.

5 agents listed
Updated June 2026
La Grange, 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 State Mortgage Licensing Authority of Illinois before hiring.
Showing 5 reverse mortgage specialists in La Grange, 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.
Mike McNamara at OriginPoint (NMLS #296946)
22 W Burlington Ave Second Floor, La Grange, IL 60525
(708) 288-3377 originpoint.com
Michael Murray at OriginPoint (NMLS #223808)
22 W Burlington Ave Second Floor, La Grange, IL 60525
(773) 290-0518 originpoint.com
Leo Neidetcher at OriginPoint (NMLS #584684)
22 W Burlington Ave Second Floor, La Grange, IL 60525
(312) 909-3300 originpoint.com
Origin Point
22 W Burlington Ave Second Floor, La Grange, IL 60525
(773) 897-6587 originpoint.com
Guaranteed Rate of La Grange
22 W Burlington Ave Second Floor, La Grange, IL 60525
(773) 435-0654

A reverse mortgage specialist in La Grange, Illinois helps homeowners aged 62 and older convert home equity into cash. Illinois law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Local specialists can guide you through this process and explain how property taxes and insurance requirements apply in Cook County.

What Does a Reverse Mortgage Specialist in La Grange 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, title search, and recording. These costs total between 3000 and 8000 dollars on average, but amounts vary by loan size and property. 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 qualifications should a reverse mortgage specialist in La Grange have?
A qualified specialist should be licensed in Illinois and have experience with FHA-insured Home Equity Conversion Mortgages. They should also be familiar with Illinois specific rules, such as the three day right of rescission period after closing.
Are there age requirements for a reverse mortgage in Illinois?
Yes, all borrowers must be at least 62 years old. In Illinois, if the home is owned jointly, both spouses must meet the age requirement unless one spouse is a non-borrowing spouse under specific HUD rules.

Reverse Mortgage Specialists in Other Illinois Cities

Algonquin · Alton · Antioch · Arlington Heights · Aurora · Barrington · Batavia · Belleville · Berwyn · Bloomingdale · Bloomington · Bolingbrook · Bourbonnais · Bradley · Brookfield

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Legal Notice BeforeMortgageUSA.com is not a law firm, mortgage referral service, or legal 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 state mortgage licensing authority association before hiring.

About Our Listings

Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state 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 State Mortgage Licensing Authority of Illinois.

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