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  Wintrust Reverse Mortgage
Wintrust Reverse Mortgage
in Reverse Mortgages from Wintrust Mortgage · NMLS ID #449042
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Wintrust Reverse Mortgage

Unaffiliated
in Reverse Mortgages from Wintrust Mortgage · NMLS ID #449042
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Wintrust Reverse Mortgage Review

Wintrust Reverse Mortgage is offered by Wintrust Mortgage (NMLS #449042), a direct lender founded in 1981 and based in Rosemont, IL. Wintrust Reverse Mortgage are available in 50 states (and Washington, DC).

Wintrust Reverse Mortgage FAQ

What types of reverse mortgages does Wintrust Reverse Mortgage offer?

Wintrust Reverse Mortgage allows borrowers to apply for the following types of reverse mortgage.

Lump sum. The borrower can access the entire amount immediately. However, you will need to pay interest on the entire amount regardless of whether you spend it.

Monthly disbursement. With this option, you get a monthly allowance. This is a good option if you need an additional source of income to cover your living expenses. It can be used in combination with a line of credit for additional flexibility.

What fees does Wintrust Reverse Mortgage charge for a reverse mortgage?

Wintrust Reverse Mortgage may charge a loan origination fee.

What types of property can you use as security for a reverse mortgage with Wintrust Reverse Mortgage?

Lenders often have restrictions on the type of properties they will accept as security for a reverse mortgage. Wintrust Reverse Mortgage will consider lines of credit secured by the following property types:

  • Primary home

 

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 5:00pm
  • Tuesday 8:30am - 5:00pm
  • Wednesday 8:30am - 5:00pm
  • Thursday 8:30am - 5:00pm
  • Friday 8:30am - 5:00pm
  • Saturday Closed

Other Services by Wintrust Mortgage

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use Primary Home
Minimum Age 62
Reverse Mortgage Options Standard
Reverse Mortgage Payment Options
  • Line Of Credit
  • Lump sum
  • Monthly disbursement

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