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Looking for a reverse mortgage specialist in Westmont? Review the directory below to compare your options.
4 agents listed
Updated May 2026
Westmont, 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 4 reverse mortgage specialists in Westmont, 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.
iLoan
999 Oakmont Plaza Dr Suite 500, Westmont, IL 60559
6305377000
NEXA Mortgage LLC | Gustan Cho Associates
999 Oakmont Plaza Dr Ste 600, Westmont, IL 60559
8009008569
Elisa Marquez-Smith Mortgage Team
999 Oakmont Plaza Dr Suite 626, Westmont, IL 60559
3124017001
Homeland Mortgage Company
5757 S Cass Ave, Westmont, IL 60559
6306631788
A reverse mortgage specialist in Westmont Illinois helps homeowners aged 62 and older convert home equity into loan proceeds without monthly payments. Illinois law requires borrowers to complete a HUD-approved counseling session before applying for a Home Equity Conversion Mortgage. Specialists in Westmont guide clients through the unique requirements of Illinois property tax deferral programs and state homestead exemptions.
What Does a Reverse Mortgage Specialist in Westmont Cost?
Typical costs for a reverse mortgage specialist in Illinois include an origination fee of up to 2 percent of the home value (capped at $6,000 for FHA loans), a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal and title search. Closing costs in Westmont generally range from $3,000 to $8,000 depending on the property value and loan type. 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 are the age requirements for a reverse mortgage in Westmont Illinois?
Borrowers must be at least 62 years old. All owners listed on the title must meet this age requirement unless a non-borrowing spouse exception applies under Illinois law.
Do I need counseling before getting a reverse mortgage in Illinois?
Yes. Illinois law requires a HUD-approved counseling session for all reverse mortgage applicants. The session must occur before you submit your loan application and covers loan terms, costs, and alternatives.
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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.