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 13 reverse mortgage specialists in Peru, 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
5301 IL-251 Ste C, Peru, IL 61354
8152232240
Community Lenders
1011 Shooting Park Rd Suite 102, Peru, IL 61354
8152231800
Midland States Bank
2825 Plaza Dr, Peru, IL 61354
8152207130
Financial Plus Credit Union
2813 Plaza Dr, Peru, IL 61354
8152236602
Eureka Savings Bank
2959 Peoria St, Peru, IL 61354
8152239400
OneMain Financial
3935 Frontage Rd, Peru, IL 61354
8152242631
Peru Federal Savings Bank
1730 4th St, Peru, IL 61354
8152234300
Edward Jones - Financial Advisor: Kathy L Pullam, ChFC®|AAMS®
3030 4th St Suite A, Peru, IL 61354
8157801307
Raymond James Financial Services
1800 4th St #2, Peru, IL 61354
8152231891
Edward Jones - Financial Advisor: Jeff Puetz
3030 4th St Suite A, Peru, IL 61354
8152201395
Larry J Criss - Financial Advisor, Ameriprise Financial Services, LLC
1729 4th St, Peru, IL 61354
8152233464
Edward Jones - Financial Advisor: Brian D Sellett
1105 Peoria St, Peru, IL 61354
8156654442
Benjamin F. Edwards
1701 4th St #101, Peru, IL 61354
8152200588
What Does a Reverse Mortgage Specialist in Peru 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 of the appraised value, and third-party fees for appraisal, title search, and recording. These costs often total between 3000 and 8000 dollars depending on the loan amount and property value. 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 Peru Illinois?
Borrowers must be at least 62 years old. If married, a non-borrowing spouse under 62 may have protections under Illinois law but must meet specific HUD requirements.
Do I need counseling to get a reverse mortgage in Illinois?
Yes, Illinois law requires a counseling session with a HUD-approved counselor before you can apply. This session covers loan terms, costs, and alternatives to ensure you understand the commitment.
What property types qualify for a reverse mortgage in Peru?
Single-family homes, HUD-approved condominiums, and manufactured homes that meet FHA standards qualify. The property must be your primary residence in LaSalle County.