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Enhance the
Quality of Your Retirement Years
Personal Banking/Loan & Credit Options/Reverse Mortgage Program

A Reverse Mortgage Loan from First Midwest could help you achieve your retirement goals and give you the financial security you need to fully enjoy your retirement years.

A Reverse Mortgage Loan is a financial alternative that will turn the equity you’ve built up in your home into cash. With this loan you don't make monthly payments. Instead, a Reverse Mortgage Loan pays you.

At First Midwest Bank we offer two Reverse Mortgage Loan products: The Home Equity Conversion Mortgage (HECM), available through the Federal Housing Administration and the HomeKeeper® Reverse Mortgage, available through Fannie Mae, a private company chartered by the U.S. government.

With a First Midwest Reverse Mortgage Loan:

  • You do not have to repay the loan as long as you live in your home.
  • There are no monthly payments. Reverse Mortgage Loans require no payment from you until you sell your home or it passes to your estate.
  • Qualification is easy.
  • Income is often tax free.
  • Income and credit verification are not required.
  • A Reverse Mortgage Loan is easily attainable when:

  • The youngest borrower is at least 62 years of age.
  • The home is occupied as your primary residence.
  • You attend a free counseling session with an approved counseling agency. Your family members and friends are encouraged to attend this session with you.
  • Free Consultation:
    To find out what your new income could be, send an email to a Reverse Mortgage Loan Originator by simply clicking on the region most appropriate for you below. Or call toll-free 1-800-241-1749 to speak to a Reverse Mortgage Loan Originator today.



    REVERSE MORTGAGE: NORTH SUBURBAN CHICAGO
    Waukegan Main
    Beth Ann Ericson
    847-360-6006
    Reverse Mortgage Loan Originator
    Bethann.ericson@firstmidwest.com
    REVERSE MORTGAGE: SOUTH SUBURBAN CHICAGO
    Blue Island
    Edward Pawelski
    815-773-2519
    Reverse Mortgage Loan Originator
    edward.pawelski@firstmidwest.com
    REVERSE MORTGAGE: NW INDIANA
    Blue Island
    Edward Pawelski
    815-773-2519
    Reverse Mortgage Loan Originator
    edward.pawelski@firstmidwest.com

    (Please do not send confidential information such as account numbers. Please call 1-800-322-3623 to speak with a Customer Service Representative for specific information about your account.)
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