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.
Compare Reverse Mortgage Specialists in Washington, IL
Looking for a reverse mortgage specialist in Washington? Review the directory below to compare your options.
3 agents listed
Updated May 2026
Washington, 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 3 reverse mortgage specialists in Washington, 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.
Martin Financial Services
100 S Main St, Washington, IL 61571
3094449696
PNC Mortgage
1996 Freedom Pkwy, Washington, IL 61571
3097451427
Flat Branch Home Loans
100 N Main St, Washington, IL 61571
3098663073
A reverse mortgage specialist in Washington, Illinois helps homeowners aged 62 and older convert home equity into cash without selling their home. Illinois law requires borrowers to complete a counseling session with a HUD-approved counselor before applying. Specialists in Washington can guide you through the process and explain how a reverse mortgage affects your property taxes and estate.
What Does a Reverse Mortgage Specialist in Washington Cost?
Typical costs for a reverse mortgage specialist in Illinois include an origination fee of up to 2% of the home value, a mortgage insurance premium of 2% of the appraised value, and third-party fees such as appraisal and title search. Total closing costs often range from 2,000 to 5,000 dollars. These costs can be 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 are the eligibility requirements for a reverse mortgage in Washington 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 a mandatory counseling session with a HUD-approved counselor before you can apply.
How does a reverse mortgage affect my property taxes in Washington Illinois?
You are still responsible for paying property taxes and homeowners insurance. If you fail to pay these, the loan may become due. Illinois law does not provide a special exemption for reverse mortgage borrowers regarding property taxes.
Can I lose my home with a reverse mortgage in Washington Illinois?
Yes, if you do not pay property taxes, maintain the home, or keep insurance, the loan can be called due. Also, if you move out of the home for more than 12 consecutive months, the loan becomes payable. Illinois law requires the lender to provide a notice before foreclosure.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Washington 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.