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Directory of reverse mortgage specialists in Silvis, Illinois. Verify credentials with the state mortgage licensing authority before hiring.
4 agents listed
Updated May 2026
Silvis, 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 4 reverse mortgage specialists in Silvis, 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.
IH Mississippi Valley Credit Union
685 Avenue of the Cities, Silvis, IL 61282
3097936200
Blackhawk Bank & Trust
1100 1st Ave, Silvis, IL 61282
3097521200
Edward Jones - Financial Advisor: Mitch Ryan, CFP®
1220 18th Street Suite 112, Silvis, IL 61282
3097554227
Edward Jones - Financial Advisor: Colton Drish
1220 18th Street Suite 112, Silvis, IL 61282
3092056909
A reverse mortgage specialist in Silvis Illinois can help homeowners aged 62 and older convert home equity into tax free funds. Illinois law requires borrowers to complete a counseling session with a HUD approved counselor before applying. Silvis residents benefit from local specialists who understand the Quad Cities housing market and Illinois property tax deferral programs.
What Does a Reverse Mortgage Specialist in Silvis 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 and recording. Total closing costs often range from 3000 to 8000 dollars depending on the home value and loan type. 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 eligibility requirements for a reverse mortgage in Silvis Illinois?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The home must be your primary residence. Illinois law also requires you to attend a counseling session with a HUD approved counselor before you can apply.
Do reverse mortgage specialists in Silvis charge upfront fees?
Yes, specialists may charge origination fees, third party closing costs, and mortgage insurance premiums. In Illinois, these fees are typically rolled into the loan balance rather than paid out of pocket. You will receive a detailed loan estimate showing all costs before closing.
Can I lose my home with a reverse mortgage in Illinois?
You can lose your home if you fail to pay property taxes or homeowners insurance, or if you do not maintain the property. Illinois law gives you a right to cure a default within a specific time period. Always discuss these obligations with your specialist.
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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.