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Looking for a reverse mortgage specialist in Rosemont? Review the directory below to compare your options.
2 agents listed
Updated May 2026
Rosemont, 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 2 reverse mortgage specialists in Rosemont, 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.
Wintrust Mortgage
9700 W Higgins Rd Ste 300, Rosemont, IL 60018
8009992649
Ali Mousavi | Mortgage Loan Officer | Wintrust Mortgage
9700 W Higgins Rd, Rosemont, IL 60018
6306771701
A reverse mortgage specialist in Rosemont Illinois helps homeowners aged 62 and older convert home equity into tax-free funds without monthly payments. Illinois law requires borrowers to complete a HUD-approved counseling session before applying for a Home Equity Conversion Mortgage HECM. Rosemont residents can use these funds for home repairs medical expenses or supplementing retirement income while staying in their homes.
What Does a Reverse Mortgage Specialist in Rosemont Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee 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 range from 3000 to 8000 but can be higher for more expensive homes. Borrowers can finance these costs into the loan amount. 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 Rosemont Illinois?
You must be at least 62 years old own your home outright or have a low mortgage balance and live in the property as your primary residence. Illinois law also requires you to attend a counseling session with a HUD-approved counselor before you can apply.
How does Illinois law protect reverse mortgage borrowers in Rosemont?
Illinois has a three-day right of rescission allowing you to cancel the loan without penalty within three business days after closing. Lenders must also provide clear disclosures about fees interest rates and repayment terms under the Illinois Mortgage Foreclosure Act.
Can I lose my home with a reverse mortgage in Rosemont Illinois?
You can lose your home if you fail to pay property taxes homeowners insurance or maintain the property. Illinois law requires lenders to notify you of any missed obligations and give you a chance to cure the default before foreclosure begins.
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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.