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Find Reverse Mortgage Specialists in Streamwood, IL
Looking for a reverse mortgage specialist in Streamwood? Review the directory below to compare your options.
5 agents listed
Updated May 2026
Streamwood, 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 5 reverse mortgage specialists in Streamwood, 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.
Sanjuana Alvarez Mortgage Broker
140 Barrington Rd, Streamwood, IL 60107
8475538227
Resonate Mortgage
140 Barrington Rd #5, Streamwood, IL 60107
6302139700
Oscar Ramos Mortgage Broker
140 Barrington Rd #5, Streamwood, IL 60107
8478156995
Angelica Garcia, Mortgage Broker
140 Barrington Rd #5, Streamwood, IL 60107
2244895993
Baruk Tellez, Mortgage Broker
140 Barrington Rd #5, Streamwood, IL 60107
2245452722
A reverse mortgage specialist in Streamwood Illinois can help homeowners aged 62 and older access home equity without selling their property. In Illinois, borrowers must complete HUD approved counseling before applying for a Home Equity Conversion Mortgage (HECM). These loans are non recourse, meaning the borrower or their heirs will never owe more than the home is worth at sale.
What Does a Reverse Mortgage Specialist in Streamwood 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 upfront plus 0.5 percent annually, and third party costs like appraisal and title search. Total closing costs often range from 2,000 to 6,000 dollars depending on the home value and lender. 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 is a reverse mortgage specialist in Streamwood Illinois?
A reverse mortgage specialist is a licensed professional who guides homeowners through the HECM process. They help determine eligibility and explain how the loan works under Illinois and federal rules.
What are the age requirements for a reverse mortgage in Illinois?
Borrowers must be at least 62 years old. For a HECM loan, all borrowers listed on the title must meet this age requirement. Illinois law does not allow younger spouses to be co borrowers.
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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.