ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Find Reverse Mortgage Specialists Near You in Skokie, IL
Browse reverse mortgage specialists serving Skokie, Illinois. Contact information and addresses listed below.
6 agents listed
Updated May 2026
Skokie, 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 6 reverse mortgage specialists in Skokie, 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.
Fairway Independent Mortgage Corporation
5250 Old Orchard Rd Suite 360, Skokie, IL 60077
8479126580
Arthur Blachno | Fairway Independent Mortgage Corporation Branch Manager
5250 Old Orchard Rd Suite 360, Skokie, IL 60077
8479126580
Larry Libman at New American Funding (NMLS #228182)
5225 Old Orchard Rd Suite #20, Skokie, IL 60077
8474216068
Advisory Mortgage, Inc.
8328 Lincoln Ave, Skokie, IL 60077
8475681007
Larry Steinway at New American Funding (NMLS #223579)
5225 Old Orchard Rd Suite #20, Skokie, IL 60077
2245958600
New American Funding - Drew Benson Peters
5225 Old Orchard Rd Suite #20, Skokie, IL 60077
8478615289
A reverse mortgage specialist in Skokie Illinois helps homeowners aged 62 and older convert home equity into tax-free funds. Illinois law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage. Skokie residents often use these loans to supplement retirement income or cover home repairs while remaining in their homes.
What Does a Reverse Mortgage Specialist in Skokie 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 such as appraisal title and recording costs ranging from 500 to 3000 dollars. Counseling fees are usually around 125 to 250 dollars but may be waived for low-income borrowers. These costs are often financed into the loan. 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 is a reverse mortgage specialist in Skokie Illinois?
A reverse mortgage specialist is a licensed professional who guides seniors through the HECM loan process. They explain eligibility requirements loan terms and Illinois-specific rules such as mandatory counseling. They do not provide legal advice but can refer you to a qualified attorney.
What are the age and property requirements for a reverse mortgage in Skokie?
Borrowers must be at least 62 years old. The home must be the primary residence and be a single-family home HUD-approved condominium or a two-to-four unit property with the owner living in one unit. Illinois law does not add extra property restrictions beyond federal HUD rules.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Skokie who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
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.