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Find Reverse Mortgage Specialists in Rock Island, IL
Directory of reverse mortgage specialists in Rock Island, Illinois. Verify credentials with the state mortgage licensing authority before hiring.
9 agents listed
Updated May 2026
Rock Island, 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 9 reverse mortgage specialists in Rock Island, 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.
Cissi Leinonen - Rate Mortgage
3514 46th Ave, Rock Island, IL 61201
3099122507
Tower Loan
4657 44th St, Rock Island, IL 61201
3096444987
OneMain Financial
4030 46th Ave, Rock Island, IL 61201
3097889327
loanDepot
100 19th St #103, Rock Island, IL 61201
3092409750
The Wild Group at Rate
3514 46th Ave Suite 1, Rock Island, IL 61201
3097816274
U.S. Bancorp Advisors - Financial Advisors: Kevin Good
3411 18th Ave, Rock Island, IL 61201
3099482025
Rate
3514 46th Ave Suite 1, Rock Island, IL 61201
3097402503
U.S. Bank-Thomas Doty-Mortgage Loan Officer
230 18th St, Rock Island, IL 61201
5633441412
Edward Jones - Financial Advisor: Mark E Mayeski, CRPC™
2524 18th Ave Suite 2, Rock Island, IL 61201
3097880399
Reverse mortgage specialists in Rock Island, Illinois help homeowners aged 62 and older access home equity without monthly payments. Illinois law requires borrowers to complete a counseling session with a HUD-approved counselor before applying. Rock Island residents can use these loans to cover expenses or improve their homes while staying in place.
What Does a Reverse Mortgage Specialist in Rock Island Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee of up to 2 percent of the home value (capped at 6000 dollars), a mortgage insurance premium of 2 percent of the appraised value, and third-party fees like appraisal (400 to 600 dollars) and title insurance (500 to 1000 dollars). Closing costs usually range from 3000 to 8000 dollars. These costs are often financed into the loan amount. 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 Rock Island 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 the borrower.
Do I need counseling before getting a reverse mortgage in Illinois?
Yes, Illinois law requires a counseling session with a HUD-approved counselor before you can apply. This session explains loan terms, costs, and alternatives. You can find counselors through the Illinois Department on Aging or HUDs website.
What property types qualify for a reverse mortgage in Rock Island?
Single-family homes, two-to-four unit properties where the borrower lives in one unit, and FHA-approved condominiums qualify. Manufactured homes may qualify if they meet HUD standards. The property must be in good condition and pass a FHA appraisal.
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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.