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Browse reverse mortgage specialists serving Oak Lawn, Illinois. Contact information and addresses listed below.
10 agents listed
Updated May 2026
Oak Lawn, 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 10 reverse mortgage specialists in Oak Lawn, 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.
Crown Mortgage Company
6141 W 95th St, Oak Lawn, IL 60453
7088571897
MidAmerica Bancorp, Inc.
9720 SW Hwy, Oak Lawn, IL 60453
7082374050
The Ramadani Team at CrossCountry Mortgage, Inc
5730 95th St Suite 103 & 201, Oak Lawn, IL 60453
7084995626
Lani Ramadani at CrossCountry Mortgage
5730 W 95th St Suite 103 & 201, Oak Lawn, IL 60453
7084995626
Wisdom Financial Inc
4805 97th St, Oak Lawn, IL 60453
7084996088
Wintrust Mortgage
5300 W 95th St, Oak Lawn, IL 60453
7084227411
American Way Financial
5323 95th St, Oak Lawn, IL 60453
7086367526
Roberto Cervantes- Great Mortgage
4550 W 103rd St Suite 303, Oak Lawn, IL 60453
7084752798
Katie Yerkes Diaz at CrossCountry Mortgage
5730 W 95th St Suite 103 & 201, Oak Lawn, IL 60453
7086344592
US Bank Mortgage
9401 S Cicero Ave, Oak Lawn, IL 60453
8008722657
A reverse mortgage specialist in Oak Lawn Illinois helps homeowners aged 62 and older convert home equity into tax-free funds. Illinois law requires borrowers to complete counseling from a HUD-approved agency before applying. Oak Lawn residents can use these loans for home repairs, medical expenses, or supplementing retirement income while staying in their homes.
What Does a Reverse Mortgage Specialist in Oak Lawn 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 upfront, and annual premiums of 0.5 percent. Third-party costs like appraisal and title search range from 500 to 1500 dollars. Total closing costs often fall between 3000 and 8000 dollars. These amounts vary by loan size and lender. 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 Lawn Illinois?
Borrowers must be at least 62 years old. The youngest spouse must also meet this age requirement for most loans. Illinois law does not change this federal HUD rule.
Do I need counseling to get a reverse mortgage in Illinois?
Yes, Illinois law requires all reverse mortgage applicants to complete counseling with a HUD-approved agency. This session must happen before you submit your loan application. The counselor explains loan terms, costs, and alternatives.
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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.