OPEN COMMUNITIES - Reverse Mortgage Counseling
Address
1740 Ridge Avenue
Suite 117
Evanston, IL 60201
(847) 501-5760
Service Hours
Monday: 9:00 AM - 5:00 PM
Tuesday: 9:00 AM - 5:00 PM
Wednesday: 9:00 AM - 5:00 PM
Thursday: 9:00 AM - 5:00 PM
Friday: 9:00 AM - 5:00 PM
Description:
Assists seniors through the process of qualifying for and obtaining a reverse mortgage loan (Home Equity Conversion Mortgage/HECM). Reverse mortgages allow homeowners to convert equity in their homes into income that can be used to pay for home improvements, medical costs, living expenses, or other expenses. Also offers housing counseling for seniors who are at risk of defaulting on an HECM loan.
Eligibility:
Must be seniors ages 55 years and older
Languages:
Spanish
Program Fees:
- Set Program Fee: $150.00
- Discount available
Intake Process:
Call for appointment
Documents Required:
- Pre-Intake Form
- Other documents vary based on services
Contacts
Program Contact Information
Phone Numbers
Primary Program Phone
(847) 501-5760
Address Listings
Mailing
1740 Ridge Avenue
Suite 117
Evanston, IL 60201
Physical (Primary)
1740 Ridge Avenue
Suite 117
Evanston, IL 60201
Handicap Accessible?
Yes
Wishlist:
None
Volunteer Opportunities:
None
Date of Official Change:
September 5, 2025
Related Resource
Services
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Geography Served
- Illinois
- Lake County
- Lake County
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