ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Browse reverse mortgage specialists serving Peoria, Illinois. Contact information and addresses listed below.
18 agents listed
Updated May 2026
Peoria, 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 18 reverse mortgage specialists in Peoria, 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.
World Finance
1800 Knoxville Ave Spc 8, Peoria, IL 61603
3096861390
Mariner Finance
4700 N University St Ste. 22, Peoria, IL 61614
3092159234
Heights Finance
626 W Glen Ave, Peoria, IL 61614
3096823557
Home Mortgage Specialists, Inc.
4719 N Sheridan Rd, Peoria, IL 61614
3092228286
Scheeler Home Loans
6035 Knoxville Ave Suite 204G, Peoria, IL 61614
3096787531
Fairway Independent Mortgage Corporation
4218 N Brandywine Dr, Peoria, IL 61614
3093239600
Flat Branch Home Loans - Lori Hines
3332 W Willow Knolls Dr suite a, Peoria, IL 61614
3096963329
Flat Branch Home Loans
3332a W Willow Knolls Dr, Peoria, IL 61614
3092827111
RP Zeigler Investments, Inc.
2916 W Willow Knolls Dr, Peoria, IL 61614
3092408787
Natalie Storm, Lender with Flat Branch
3332 W Willow Knolls Dr, Peoria, IL 61614
3092646763
Mason Mortgage Co
2518 W Overhill Rd, Peoria, IL 61615
3096864087
Flat Branch Home Loans - Stacy Wolak
3332 A W Willow Knolls Dr, Peoria, IL 61614
3093031542
Whitney Broomfield Edge Home Finance Mortgage Broker NMLS 1304033
809 W Detweiller Dr, Peoria, IL 61615
3094045284
Brent Wilder
809 W Detweiller Dr Suite 810, Peoria, IL 61615
3098260484
Phil Raso, The Mortgage Magician
7535 Knoxville Ave, Peoria, IL 61614
3096838006
Mutual of Omaha Mortgage
2426 W Cornerstone Ct, Peoria, IL 61614
8002472837
Chase Mortgage
125 NE Jefferson Ave, Peoria, IL 61602
3096726190
Teresa E Hull - 637381 - Wells Fargo Home Mortgage
4700 N Sterling Ave, Peoria, IL 61615
3093707769
Reverse mortgage specialists in Peoria, Illinois help homeowners aged 62 and older convert home equity into tax-free funds. Illinois law requires borrowers to complete HUD-approved counseling before applying for a Home Equity Conversion Mortgage (HECM). Specialists guide clients through the unique requirements of Illinois property tax deferral programs and local Peoria housing market conditions.
What Does a Reverse Mortgage Specialist in Peoria Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee (up to 2 percent of the home value, capped at 6,000 dollars), a mortgage insurance premium (2 percent of the appraised value upfront, plus 0.5 percent annually), and third-party fees such as appraisal (400 to 600 dollars), title search (500 to 1,000 dollars), and recording fees (50 to 100 dollars). Total closing costs often range from 5,000 to 12,000 dollars. These costs are usually financed into the loan. This is general information and 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 Peoria Illinois?
Borrowers must be at least 62 years old. All owners listed on the title must meet this age requirement. The home must be the primary residence of all borrowers.
Do I need counseling before getting a reverse mortgage in Illinois?
Yes, Illinois law requires all borrowers to complete a counseling session with a HUD-approved counselor. This session must occur before the loan application is submitted. The counselor explains the costs, benefits, and alternatives to a reverse mortgage.
What property types qualify for a reverse mortgage in Peoria?
Single-family homes, two-to-four unit properties (with one unit occupied by the borrower), and HUD-approved condominiums qualify. Manufactured homes may qualify if they meet HUD standards and are on a permanent foundation. The property must be in good condition and pass a FHA appraisal.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Peoria who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
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.