Top 20 Reverse Mortgage Lenders in Arkansas
| Lender | Rating | Years in Business | Stars (0-5) | Good Review % | Complaints | BBB Review |
|---|---|---|---|---|---|---|
| Advisors Mortgage Group | A+ | 24 | 1.80/5 | 36.0% | 5 | Source |
| American Advisors Group (AAG) | A | 19 | 4.70/5 | 94.0% | 61 | Source |
| American Pacific Mortgage | F | 28 | 1.75/5 | 35.0% | 13 | Source |
| Ennkar Inc. | A+ | 14 | 4.00/5 | 80.0% | 3 | Source |
| Fairway Independent Mortgage | A+ | 28 | 4.35/5 | 87.0% | 38 | Source |
| Finance of America Reverse LLC (FAR) | A+ | 20 | 1.00/5 | 20.0% | 21 | Source |
| GoodLife Home Loans | A+ | 12 | 4.43/5 | 88.6% | 0 | Source |
| Guild Mortgage Company (Formerly Cherry Creek LLC) | A+ | 64 | 1.36/5 | 27.2% | 40 | Source |
| HighTechLending Inc | A+ | 18 | 4.93/5 | 98.6% | 0 | Source |
| Liberty Home Equity Solutions Inc. | A+ | 21 | 1.00/5 | 20.0% | 3 | Source |
| Longbridge Financial LLC | A+ | 12 | 3.92/5 | 78.4% | 17 | Source |
| Mid America Mortgage Inc. | A+ | 65 | 3.00/5 | 60.0% | 0 | Source |
| Moneyhouse | NR | NA | NA | NA | 0 | Source |
| Movement Mortgage, LLC | A+ | 17 | 4.80/5 | 95.6% | 110 | Source |
| Mutual of Omaha Mortgage | A+ | 11 | 4.71/5 | 94.2% | 50 | Source |
| Open Mortgage LLC | A+ | 21 | 2.60/5 | 52.0% | 1 | Source |
| Plaza Home Mortgage Inc | A+ | 23 | 2.29/5 | 45.8% | 18 | Source |
| Smartfi Home Loans | A+ | 5 | NA | NA | 0 | Source |
| South River Mortgage, LLC | A+ | 5 | 2.62/5 | 52.4% | 15 | Source |
Arkansas Reverse Mortgage Facts
| State | Homeowners Age 62+ | Reverse Mortgages Closed Last 12 Months | Purchase Reverse Mortgages Closed Last 12 Months | Lenders in Arkansas | Avg. Home Value |
|---|---|---|---|---|---|
| Arkansas | 146,872 | 151 | 15 | 17 | $198,511 |
Arkansas: A State with Rich History and Growing Opportunities
Arkansas, the 32nd most populous state in the U.S., is home to approximately 3 million people as of 2024, with nearly 500,000 residents aged 65 and older. About 65% of Arkansas residents are homeowners, making it a state where many find comfort in owning their homes.
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 2024, the average home value in Arkansas is approximately $264,100, representing a 12.4% increase over the last year. Many homes in the state are valued below the federal reverse mortgage lending limit of $1,149,825, 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.
Arkansas Approved Reverse Mortgage Counseling Agencies
| Name | Agency ID | Address | Phone | Web Site |
|---|---|---|---|---|
| CREDIT COUNSELING OF ARKANSAS | 83525 | 1111 E ZION RD FAYETTEVILLE, AR 72703-5013 | (479) 521-8877 | http://www.ccoacares.com |
| CREDIT COUNSELING OF ARKANSAS - BENTONVILLE | 83528 | 17320 MOBERLY LN., SUITE 3 BENTONVILLE, AR 72716-0001 | (479) 521-8877 | http://www.ccoacares.com |
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
