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Find Reverse Mortgage Specialists Near You in Pekin, IL
Compare reverse mortgage specialists in Pekin. Review contact information and insurance categorys before you decide.
10 agents listed
Updated May 2026
Pekin, 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 Pekin, 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.
Heights Finance
2918 Court St, Pekin, IL 61554
3093532274
Mariner Finance
3279 Court St, Pekin, IL 61554
3093461155
Smith & Weer, P.C.
410 Elizabeth St, Pekin, IL 61554
3093474300
World Finance
2105 Court St, Pekin, IL 61554
3093534043
OneMain Financial
3574 Court St, Pekin, IL 61554
3093463145
Elmore Financial Group
230 Broadway St, Pekin, IL 61554
3093532203
First State Mortgage - Pekin
3210 Court St, Pekin, IL 61554
3093535626
CENTRAL ILLINOIS LOAN
1616 Broadway St, Pekin, IL 61554
3096209462
Edward Jones - Financial Advisor: Marilyn D Hawkins, CRPC™
3556 Court St, Pekin, IL 61554
3093470038
PNC Mortgage
3545 Court St, Pekin, IL 61554
3093477075
What Does a Reverse Mortgage Specialist in Pekin Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee of up to 2 percent of the homes value a mortgage insurance premium of 2 percent of the appraised value and third-party closing costs such as appraisal title and recording fees. For a home valued at 200000 total upfront costs might range from 8000 to 14000. Ongoing costs include an annual mortgage insurance premium of 0.5 percent of the loan balance. 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 eligibility requirements for a reverse mortgage in Pekin Illinois?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence and you must complete a HUD-approved counseling session. Illinois law also requires that you maintain the home and pay property taxes and insurance.
How does a reverse mortgage affect my heirs in Illinois?
Heirs can keep the home by paying off the loan balance or selling the home to satisfy the debt. Because the loan is non-recourse under Illinois law heirs will never owe more than the homes appraised value at the time of sale. They have 30 days after the loan becomes due to decide.
Are there any income or credit score requirements for a reverse mortgage in Pekin?
There is no minimum income or credit score requirement to qualify. However the lender will perform a financial assessment to ensure you can pay ongoing property taxes insurance and home maintenance. Illinois does not have additional state-specific income rules beyond federal HUD guidelines.
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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.