Missouri's #1 Reverse Mortgage*

Reverse Mortgages in Missouri: A Comprehensive Guide

If you’re a Missouri 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 Missouri, including key facts, the latest statistics, top lenders, and essential protections.

Top Reverse Mortgage Lenders in Missouri

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).

Missouri Reverse Mortgage Lending Limits

Missouri is the 18th most populous state in the United States and the 21st largest by land area. As of 2026, the state is home to approximately 6.2 to 6.3 million people, with the largest population centers located in the St. Louis and Kansas City metropolitan areas.

Missouri has an estimated 1.8 to 1.9 million residents age 62 and older. Of those, roughly 1.5 to 1.6 million are homeowners, reflecting a strong homeownership rate among older Missourians that is well above the statewide average. This combination of age and homeownership makes Missouri a meaningful market for reverse mortgages, particularly for homeowners looking to convert long-held equity into retirement income without taking on a new monthly mortgage payment.

Historical and Cultural Significance

Missouri has a deep and complex history, beginning with Indigenous tribes who inhabited the region for thousands of years. French settlers arrived in the 1600s, followed by a period of Spanish control, before the territory returned to France and was ultimately acquired by the United States as part of the Louisiana Purchase in 1803. Missouri was admitted to the Union as the 24th state in 1821.

The state’s divided loyalties during the Civil War left a lasting cultural and political imprint, contributing to Missouri’s long-standing reputation as a crossroads between the Midwest and the South.

Key Cities and Economic Drivers

Kansas City, Missouri’s largest city, has a population of roughly 510,000, with a metropolitan area exceeding 2.1 million residents. It is nationally recognized for its transportation infrastructure, jazz heritage, and barbecue culture.
St. Louis, with a metro population of about 2.8 million, is home to the Gateway Arch, the tallest man-made monument in the United States, and remains a major hub for healthcare, biotechnology, and manufacturing.

Other notable cities include Springfield and Columbia, both regional economic and educational centers. Missouri’s economy is supported by industries such as transportation equipment, beer and beverage production, healthcare services, and aerospace and defense. Several Fortune 500 companies operate or are headquartered in the state, including Centene, Emerson Electric, and Express Scripts.

Reverse Mortgage Opportunities in Missouri

As of January 2026, the average home value in Missouri is $275,800, well below the federal reverse mortgage lending limit of $1,249,125. This means many Missouri homeowners are eligible to access a HECM (Home Equity Conversion Mortgage) loan. For homeowners with higher-valued properties, jumbo reverse mortgage programs allow them to borrow above the federal limit.

Did you know? Missouri 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.

Additional Resources:
Reversemortgage.org NRMLA Members in Missouri
HUD.GOV Approved Lenders Search