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Browse reverse mortgage specialists serving Lombard, Illinois. Contact information and addresses listed below.
7 agents listed
Updated May 2026
Lombard, 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 7 reverse mortgage specialists in Lombard, 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.
Mutual of Omaha Mortgage
1 E 22nd St #401, Lombard, IL 60148
6304326400
Bianca Stone - Mortgage Lending
219 S Main St Suite G, Lombard, IL 60148
7082037260
Asset Mutual Mortgage
2500 S Highland Ave STE 310, Lombard, IL 60148
7085322500
Larry McAnarney - Mutual of Omaha Reverse Mortgage
1 E 22nd St Suite 401, Lombard, IL 60148
8157034745
Andrew O'Brien
55 W W 22nd St #130, Lombard, IL 60148
7089352384
American Advisors Group
330 E Roosevelt Rd STE 100, Lombard, IL 60148
6306608444
Mutual of Omaha Reverse Mortgage
100 W W 22nd St Suite 101, Lombard, IL 60148
6308709612
Reverse mortgage specialists in Lombard, Illinois help homeowners aged 62 and older access home equity through FHA-insured Home Equity Conversion Mortgages (HECMs). Illinois law requires borrowers to complete a counseling session with a HUD-approved counselor before applying. Lombard residents benefit from specialists familiar with DuPage County property values and local lending practices.
What Does a Reverse Mortgage Specialist in Lombard Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee of up to 2 percent of the home value (capped at 6000 dollars), a mortgage insurance premium of 2 percent of the appraised value, and third-party fees such as appraisal (400 to 600 dollars) and title search (300 to 800 dollars). Closing costs generally range from 2000 to 5000 dollars. Costs vary by lender and loan amount. 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 age requirements for a reverse mortgage in Lombard Illinois?
Borrowers must be at least 62 years old. All homeowners listed on the title must meet this age requirement. Illinois law does not allow exceptions to this federal HECM rule.
Do I need counseling before getting a reverse mortgage in Illinois?
Yes, Illinois law requires all reverse mortgage applicants to complete a counseling session with a HUD-approved counselor. This session must occur before you submit a loan application. The counselor will explain loan terms, costs, and alternatives.
What happens if I outlive my reverse mortgage in Illinois?
You cannot outlive a reverse mortgage if you continue to pay property taxes, homeowners insurance, and maintain the home. The loan becomes due when you sell the home, move out permanently, or pass away. Illinois law gives heirs up to 12 months to repay the loan or sell the property.
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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.