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Compare Reverse Mortgage Specialists in West Dundee, IL
Compare reverse mortgage specialists in West Dundee. Review contact information and insurance categorys before you decide.
5 agents listed
Updated May 2026
West Dundee, 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 West Dundee, 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.
Preferred Funding Group
109 W Main St, West Dundee, IL 60118
8002492106
Jose Valdovinos at CrossCountry Mortgage
200 Washington St Suite 11, West Dundee, IL 60118
8473544257
Great Mortgage
510 Market Loop Rd, West Dundee, IL 60118
6303476321
Paul Kantaris at CrossCountry Mortgage
200 Washington St Suite 11, West Dundee, IL 60118
8777731226
Carrie Hintz
704 W Main St, West Dundee, IL 60118
8479974629
A reverse mortgage specialist in West Dundee, Illinois can help homeowners aged 62 and older convert part of their home equity into tax-free funds. In Illinois, borrowers must complete a HUD-approved counseling session before applying for a Home Equity Conversion Mortgage (HECM). West Dundee 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 West Dundee Cost?
Typical costs for a reverse mortgage 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 search, and recording. For a home valued at 300,000 dollars, total closing costs often range from 8,000 to 15,000 dollars. These costs are usually 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 age requirements for a reverse mortgage in West Dundee Illinois?
Borrowers must be at least 62 years old. If you are married and your spouse is younger than 62, Illinois law still requires that the younger spouse be listed as a non-borrowing spouse to remain in the home after the borrowing spouse passes away.
Do I need counseling before getting a reverse mortgage in Illinois?
Yes, Illinois law requires all borrowers to complete a counseling session with a HUD-approved counselor. This session explains the loan terms, costs, and alternatives. The counselor must be independent from the lender.
Can I lose my home with a reverse mortgage in West Dundee?
Yes, you can lose your home if you fail to pay property taxes, homeowners insurance, or maintain the property. Illinois has a 90-day right to cure period after a default notice, giving you time to resolve the issue before foreclosure.
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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.