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 14 reverse mortgage specialists in Rockford, 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.
Guild Mortgage - Ronald Lawson
420 Financial Ct Suite 110, Rockford, IL 61107
8153125820
First Northern Credit Union Mortgage Services
6832 Stalter Dr, Rockford, IL 61108
8153329898
Kris Bass - Envoy Mortgage
6876 Spring Creek Rd Suite #124, Rockford, IL 61114
8156313176
Guild Mortgage - Mike Scalise
420 Financial Ct Suite 110, Rockford, IL 61107
8153125823
Guild Mortgage - Erich Stonewall
420 Financial Ct Suite 110, Rockford, IL 61107
8153125825
Envoy Mortgage - Crystal Lake, IL
6277 E Riverside Blvd, Rockford, IL 61114
2242418025
Get Approved Mortgage, Inc.
2821 Glenwood Ave Suite 1, Rockford, IL 61103
8887772579
OneMain Financial
5451 E State St, Rockford, IL 61108
8153971193
George Pleshkewych - MLO
2126 N Perryville Rd Suite 101, Rockford, IL 61107
8157082267
Midland States Bank
1972 Pawlisch Dr, Rockford, IL 61112
8153986500
Wintrust Mortgage
1825 N Perryville Rd, Rockford, IL 61107
8156399590
Guild Mortgage Company
420 Financial Ct Suite 110, Rockford, IL 61107
8153125820
GSF Mortgage Corporation
3065 N Perryville Rd Ste 141, Rockford, IL 61114
8156368943
Orasio Saldana - Chase Home Lending Advisor - NMLS ID 444226
6001 E State St, Rockford, IL 61108
8153944643
What Does a Reverse Mortgage Specialist in Rockford Cost?
Typical costs for a reverse mortgage 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 and recording. Total closing costs often range from 3000 to 8000 depending on the property value 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 qualifications should a reverse mortgage specialist in Rockford have?
A qualified specialist should be licensed in Illinois and have experience with HECM loans. They should also be able to connect you with a HUD-approved counselor for the mandatory counseling session.
Are there income or credit requirements for a reverse mortgage in Illinois?
Yes lenders review your income credit history and ability to pay property taxes and insurance. Illinois law does not set specific income limits but the lender must confirm you can meet ongoing obligations.