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Find Reverse Mortgage Specialists Near You in Oak Brook, IL
Directory of reverse mortgage specialists in Oak Brook, Illinois. Verify credentials with the state mortgage licensing authority before hiring.
15 agents listed
Updated May 2026
Oak Brook, 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 15 reverse mortgage specialists in Oak Brook, 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.
Market Place Mortgage Corp.
2625 Butterfield Rd #128N, Oak Brook, IL 60523
8887770797
Todd Probasco Lakeside Bank Mortgage Broker
2001 York Rd, Oak Brook, IL 60523
7082052983
U.S. Mortgage Funding, Inc. NMLS# 1724878
1111 W 22nd St #280, Oak Brook, IL 60523
3124488763
Res-Com Mortgage Corporation
1211 W 22nd St, Oak Brook, IL 60523
8472960300
Jimmy Webber Regional VP
1111 W 22nd St 620 JW, Oak Brook, IL 60523
3127314028
Pat Spencer, Mortgage Lender (NMLS# 1596850)
1111 W 22nd St, Oak Brook, IL 60523
7736209887
Angela Davis at Rate (NMLS #138342)
1315 W 22nd St Suite 110, Oak Brook, IL 60523
6302974635
Fairway Independent Mortgage Corporation
1520 Kensington Rd #112, Oak Brook, IL 60523
7086555847
Dan Larkin, Regional Manager - LeaderOne Financial Corp
1111 W 22nd St #620, Oak Brook, IL 60523
3129528068
Miller Mortgage Group
1111 W 22nd St #620, Oak Brook, IL 60523
6307681298
Paige Patera Mortgage Advisor
2115 Butterfield Rd Suite 206, Oak Brook, IL 60523
3312008924
Luis Hernandez | Fairway IMC Lending Team
1520 Kensington Rd #112, Oak Brook, IL 60523
7086555847
Peoples Home Equity
2100 Clearwater Dr Ste 140, Oak Brook, IL 60523
6306570649
Sean Olis at Rate (NMLS #1080341)
1315 W 22nd St Suite 110, Oak Brook, IL 60523
6303157749
Champion Mortgage Group
1111 W 22nd St, Oak Brook, IL 60523
3129722824
A reverse mortgage specialist in Oak Brook, Illinois helps homeowners aged 62 and older convert home equity into tax-free funds. In Illinois, borrowers must complete a HUD-approved counseling session before applying for a Home Equity Conversion Mortgage (HECM). Oak Brook residents benefit from local specialists who understand DuPage County property values and Illinois foreclosure protections.
What Does a Reverse Mortgage Specialist in Oak Brook Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee of up to $6,000, a mortgage insurance premium of 2% of the appraised value, and third-party fees like appraisal and title search ranging from $500 to $1,500. Closing costs in DuPage County often total between $8,000 and $12,000. These costs are usually financed into the loan. 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 Oak Brook Illinois?
Borrowers must be at least 62 years old. If married, a non-borrowing spouse under 62 may have certain protections under Illinois law, but they must be disclosed during counseling.
Do I need to own my home free and clear to get a reverse mortgage in Illinois?
No. You can have an existing mortgage, but the reverse mortgage proceeds must first pay off that loan. Illinois law requires lenders to verify that you have enough equity to cover existing debts and closing costs.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial 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 mortgage licensing authority before hiring.
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.