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Find Reverse Mortgage Specialists in Warrenville, IL
Compare reverse mortgage specialists in Warrenville. Review contact information and insurance categorys before you decide.
5 agents listed
Updated May 2026
Warrenville, 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 Warrenville, 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.
Compass Mortgage, Inc.
27755 Diehl Rd #350, Warrenville, IL 60555
6303939362
Dennis Papiernik - Naperville, IL - Sr. Loan Officer / Compass Mortgage
27755 Diehl Rd Suite 100, Warrenville, IL 60555
6307088326
Compass Mortgage - Jonathan Tink Team
27755 Diehl Rd Suite 100, Warrenville, IL 60555
6304456263
First Cosmopolitan Mortgage Inc.
27475 Ferry Rd suite 173, Warrenville, IL 60555
6308451200
Michelle M Gospodarek Mortgage Broker
29w140 Butterfield Rd Suite 103C, Warrenville, IL 60555
6308531289
A reverse mortgage specialist in Warrenville Illinois helps homeowners aged 62 and older access home equity without monthly payments. Illinois law requires borrowers to complete HUD approved counseling before applying for a Home Equity Conversion Mortgage (HECM). Warrenville residents can use these funds for home repairs, healthcare costs, or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Warrenville 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 and title work. For a home valued at 300,000 dollars, total closing costs often range from 8,000 to 15,000 dollars. Costs vary by loan type 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 are the age requirements for a reverse mortgage in Warrenville Illinois?
Borrowers must be at least 62 years old. All owners on the title must meet this age requirement. Illinois law does not add any additional age restrictions beyond federal HECM rules.
Do I need counseling before getting a reverse mortgage in Illinois?
Yes, Illinois law requires all reverse mortgage applicants to complete a counseling session with a HUD approved counselor. This session must occur before you submit a loan application. The counselor explains loan terms, costs, and alternatives.
Can I lose my Warrenville home with a reverse mortgage?
You can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Illinois has a three day right of rescission after closing. You must also continue living in the home as your primary residence.
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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.