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Directory of reverse mortgage specialists in Wilmette, Illinois. Verify credentials with the state mortgage licensing authority before hiring.
3 agents listed
Updated May 2026
Wilmette, 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 Wilmette, 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.
Michael Bencks NMLS #1202417 Neighborhood Loans, Inc
101 Green Bay Rd, Wilmette, IL 60091
7739602278
DIMENSION MORTGAGE CORP
1000 Skokie Blvd #570, Wilmette, IL 60091
8472356280
Adam Nesva - Chase Home Lending Advisor - NMLS ID 427091
1200 Central Ave, Wilmette, IL 60091
8472561903
A reverse mortgage specialist in Wilmette Illinois helps homeowners aged 62 and older convert home equity into loan proceeds. Illinois law requires borrowers to complete a HUD-approved counseling session before applying for a Home Equity Conversion Mortgage. Wilmette residents can use these funds for home repairs medical expenses or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Wilmette Cost?
Typical costs for a reverse mortgage specialist in Illinois include an origination fee up to 2 percent of the home value capped at 6000 dollars. Other costs include appraisal fees 400 to 800 dollars title insurance 500 to 1500 dollars and counseling fees 125 to 200 dollars. Total closing costs often range from 3000 to 8000 dollars depending on the loan amount and property value. 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 eligibility requirements for a reverse mortgage in Wilmette Illinois?
Borrowers must be at least 62 years old own their home outright or have a low mortgage balance and live in the property as their primary residence. Illinois also requires a financial assessment to ensure the borrower can pay property taxes insurance and maintenance.
Do I need to attend counseling for a reverse mortgage in Illinois?
Yes Illinois law mandates that all reverse mortgage applicants receive counseling from a HUD-approved agency before the loan can be processed. The counseling session covers loan terms costs and alternatives and typically takes one to two hours.
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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.