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Reverse Mortgages in Arkansas: A Comprehensive Guide

If you’re an Arkansas homeowner aged 62 or older, a reverse mortgage could be a valuable tool to help you unlock the equity in your home and improve your financial security during retirement. In this guide, we’ll cover everything you need to know about reverse mortgages in Arkansas, including key facts, the latest statistics, top lenders, and essential protections.

Top 20 Reverse Mortgage Lenders in Arkansas

How this data was derived: Reverse mortgage counts reflect FHA-insured HECM loans endorsed over a rolling 12-month period (Dec 2024–Nov 2025) using HUD HECM Snapshot data. Active lenders represent unique FHA sponsor numbers with at least one endorsed loan during this period. Estimated homeowners age 62+ are based on U.S. Census ACS 5-year owner-occupied households age 65+ as a conservative proxy. Home values are sourced from Zillow’s Home Value Index (latest available).

Arkansas: A State with Rich History and Growing Opportunities

Arkansas is the 32nd most populous state in the U.S., with an estimated 3.0 to 3.1 million residents as of 2026. The state has a sizable and growing older population, with approximately 650,000 to 680,000 residents age 62 and older. Homeownership is common across Arkansas, particularly among older households. While about 65 percent of households statewide are owner-occupied, an estimated 530,000 to 540,000 Arkansas homeowners are age 62 or older.

This combination of high homeownership and a large age-eligible population makes reverse mortgages a meaningful financial option for many Arkansas homeowners. For those who want to remain in their homes, eliminate an existing mortgage payment, or access home equity to support retirement needs, a reverse mortgage can provide flexibility without requiring monthly principal and interest payments.

Arkansas’s Deep History and Economy Named after a Quapaw word meaning “south wind,” Arkansas has a storied past. The French explored the region in the late 1600s, and it became part of the United States through the Louisiana Purchase. Arkansas was officially admitted as the 25th state in 1836 and played a pivotal role in American history, including joining the Confederacy during the Civil War.

Little Rock, the capital and largest city, is significant in civil rights history. In 1957, the “Little Rock Nine” made headlines when they were escorted by the National Guard into an integrated high school following the landmark Brown v. Board of Education decision. A statue now stands proudly at the state capitol in their honor. Little Rock is also home to the William J. Clinton Presidential Library and the nation’s only purse museum.

Other notable cities include Fort Smith, Fayetteville, Springdale, and Hot Springs, which are famous for their natural thermal springs and historic bathhouses. Bentonville, known as the birthplace of Walmart, also plays a prominent role in the state’s economy. Major industries include agriculture, transportation, and food manufacturing, with leading companies like Dillard’s, Sam’s Club, and J.B. Hunt headquartered here.

Climate and Lifestyle Arkansas enjoys all four seasons. The state has mild winters that occasionally bring snow and warm summers with thunderstorms. Classified as humid subtropical, Arkansas experiences warmer, more humid conditions in the south, while the northern regions feature cooler, hilly terrain. The average summer high is 92°F, while the winter sees lows around 32°F​.

Reverse Mortgage Opportunities in Arkansas

As of January 2026, the average home value in Arkansas is approximately $269,200, representing a 5.5% increase over the last year. Many homes in the state are valued below the federal reverse mortgage lending limit of $1,249,125, making them eligible for HECM (Home Equity Conversion Mortgage) loans. For homeowners with higher-value properties, jumbo reverse mortgage programs are available to provide additional borrowing power.

Did you know? Arkansas state does not mandate in-person counseling. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.

Also See:
Reversemortgage.org NRMLA Members in Arkansas
HUD.GOV Approved Lenders Search