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Compare Missouri's Best Reverse Mortgages
Compare Missouri's Best Reverse Mortgages
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Missouri's #1 Reverse Mortgage

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In your current area 100 homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with 500,000 nationwide!

The amount you receive is based on your home’s value, your age, and current interest rates. Let’s start with your address so I can estimate your home value…
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If you feel this estimate is not correct you can manually change it below. If you have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!

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If you presently have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!
(Our calculations use estimated property values provided by Estated.com. An independent HUD-approved appraiser must complete an appraisal to finalize your loan)
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The minimum qualifying age for a reverse mortgage is 55

Don’t forget to include your spouse’s age, even if they are not yet 55, as loan proceeds are always based on the age of the youngest spouse.
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Your personalized results include the best of 2024's reverse mortgages
  • Side-by-side loan comparisons
  • Real-time interest rates
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2021 BBB Torch Award Finalist
Best Reverse Mortgage Lender
Best Reverse Mortgage Website
Best Reverse Mortgage Website

Top Reverse Mortgage Lenders in Missouri

LenderRatingYears in BusinessStars (0-5)Good Review %ComplaintsBBB Review
Advisors Mortgage GroupA+252.00/540.0%5Source
American Advisors Group (AAG)A194.69/593.8%56Source
American Pacific MortgageF281.75/535.0%13Source
Ennkar Inc.A+144.00/580.0%3Source
Fairway Independent MortgageA+284.41/588.2%37Source
Finance of America Reverse LLC (FAR)A+211.00/520.0%22Source
GoodLife Home LoansA+124.43/588.6%0Source
Guild Mortgage Company (Formerly Cherry Creek LLC)A+641.36/527.2%39Source
HighTechLending IncA+184.93/598.6%0Source
Liberty Home Equity Solutions Inc.A+211.00/520.0%3Source
Longbridge Financial LLCA+123.94/578.8%18Source
Mid America Mortgage Inc.A+653.00/560.0%0Source
MoneyhouseNR27NANA0Source
Movement Mortgage, LLCA+174.80/595.6%109Source
Mutual of Omaha MortgageA+114.61/592.2%45Source
Open Mortgage LLCA+212.60/552.0%1Source
Plaza Home Mortgage IncA+232.38/547.6%17Source
Smartfi Home LoansA+5NANA0Source
South River Mortgage, LLCA+52.62/552.4%15Source
This chart compares the top 20 reverse mortgage lenders in the U.S. based on national rankings, displaying key metrics such as their BBB (Better Business Bureau) rating, years in business, average star rating, percentage of positive reviews, number of complaints, and sources of reviews. Top 20 HECM lenders reported by https://www.rminsight.net/wp-content/uploads/2024/06/Lenders_202405.pdf. (Reviews Updated: October 22, 2024).

Missouri Reverse Mortgage Facts

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in MissouriAvg. Home Value
Missouri57,6437266474$240,129

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 2024, the state is home to around 6.17 million people, with the highest populations concentrated around the St. Louis and Kansas City metropolitan areas. Missouri has approximately 1.24 million residents aged 62 or older, many of whom may be eligible for a reverse mortgage. Homeownership remains strong, with around 66.1% of the state’s population owning their homes.

Historical and Cultural Significance

Missouri has a rich history, first inhabited by indigenous tribes for thousands of years. French settlers claimed the area in the 1600s, establishing it as part of New France. After a brief period of Spanish control in the late 1700s, the territory was sold back to France before becoming part of the Louisiana Purchase in 1803. Missouri joined the United States as the 24th state in 1821.

Missouri’s political landscape has often been divided, especially during the Civil War, when the state supported both the Union and Confederacy, contributing to its reputation as a “purple” state in modern politics.

Key Cities and Economic Drivers

Kansas City, Missouri’s most populous city, is home to approximately 509,297 people (2024). Its metro area includes 2.17 million residents. The city is known for its cultural and culinary significance, particularly for having more barbecue restaurants per capita than any other U.S. city. St. Louis, with a metro population of 2.8 million, is famous for its Gateway Arch, the tallest manmade monument in the U.S., and is the headquarters of Anheuser-Busch, one of the nation’s largest brewing companies.

Other major cities include Springfield and Columbia. Missouri’s economy thrives on industries like transportation equipment, beer and beverage production, and defense and aerospace technology. Several Fortune 500 companies are based here, including Express Scripts, Centene, and Emerson Electric.

Missouri’s Climate

Missouri experiences four distinct seasons, classified as a continental climate. Summers can be hot and humid, with average highs of 88°F in July, while winters are cold, with average lows of 21°F in January. Thunderstorms and tornadoes are common in the spring and early summer, especially in the state’s southern regions.

Reverse Mortgage Opportunities in Missouri

As of January 2024, the average home value in Missouri is $239,700, well below the federal reverse mortgage lending limit of $1,149,825. 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.

Missouri Approved Reverse Mortgage Counseling Agencies

NameAgency IDAddressPhoneWeb Site
CREDIT & HOMEOWNERSHIP EMPOWERMENT SERVICES, INC.806763125 GILLHAM PLAZA
KANSAS CITY, MO 64109-1711
(816) 533-7417www.chesinc.org
HOUSING OPTIONS PROVIDED FOR THE ELDERLY (H.O.P.E)80342SUITE 100
7300 DARTMOUTH AVE
UNIVERSITY CITY, MO 63130-2904
(844) 432-6467http://HECMHOPE.org
HOUSING OPTIONS PROVIDED FOR THE ELDERLY(HOPE)903007300 DARTMOUTH AVE STE 100
UNIVERSITY CITY, MO 63130-2904
(314) 776-0155http://HECMHOPE.org

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

Author Michael Branson
About the Author, Michael G. Branson | Mike@allreverse.com
Michael G. Branson CEO, All Reverse Mortgage, Inc. and moderator of ARLO™ has 45 years of experience in the mortgage banking industry. He has devoted the past 19 years to reverse mortgages exclusively.
Missouri Reverse Mortgages
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