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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
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  • Real-time interest rates
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From America's #1 Rated Reverse Mortgage Lender

Top Reverse Mortgage Lenders in Missouri

LenderRatingYears in BusinessStars (0-5)Good Review %ComplaintsBBB Review
Advisors Mortgage GroupA+241.80/536.0%5Source
American Advisors Group (AAG)A194.70/594.0%61Source
American Pacific MortgageF281.75/535.0%13Source
Ennkar Inc.A+144.00/580.0%3Source
Fairway Independent MortgageA+284.43/588.6%38Source
Finance of America Reverse LLC (FAR)A+201.00/520.0%21Source
GoodLife Home LoansA+124.43/588.6%0Source
Guild Mortgage Company (Formerly Cherry Creek LLC)A+641.36/527.2%41Source
HighTechLending IncA+184.93/598.6%0Source
Liberty Home Equity Solutions Inc.A+211.00/520.0%3Source
Longbridge Financial LLCA+123.95/579.0%17Source
Mid America Mortgage Inc.A+653.00/560.0%0Source
MoneyhouseNRNANANA0Source
Movement Mortgage, LLCA+174.80/595.6%111Source
Mutual of Omaha MortgageA+114.72/594.452Source
Open Mortgage LLCA+212.60/552.0%1Source
Plaza Home Mortgage IncA+232.29/545.8%18Source
Smartfi Home LoansA+5NANA0Source
South River Mortgage, LLCA+52.43/548.6%15Source
Top 20 HECM lenders reported by https://www.rminsight.net/wp-content/uploads/2024/06/Lenders_202405.pdf. (Reviews Updated: September 1, 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 Lending Limits

Missouri lending limits

Missouri is the 18th most populous state in the country and the 21st largest in terms of land area. As of 2017, approximately 6,113,532 residents lived in the state, with the biggest populations settled around the St. Louis and Kansas City metropolitan areas. About 1,234,289 people in Missouri were aged 62 or older in 2017, and 66.1% of the state’s residents are homeowners.

Indigenous tribes inhabited this area for thousands of years before before the French came in the 1600s, setting up the land as New France. Although it was briefly under Spanish control in the late 1700s, it was back under French power when it was sold to the U.S. as part of the Louisiana Purchase in 1803. Missouri became the 24th state in the nation in 1821.

Still primarily considered a purple state politically, Missouri’s political divide began years ago, with the state supporting both the Union and Confederacy in the Civil War.

Kansas City is the most populous city in Missouri, with 488,943 residents in the city and  2,159,159 in the metropolitan area as of 2017. The city boasts more barbeque restaurants per capita than anywhere else in the U.S. St. Louis’ metro area is even larger with 2,807,338 people. Known as the “Gateway to the West,” St. Louis is home to Anheuser Busch brewing company and the Gateway Arch, which is the tallest manmade monument in the country. Famous residents of Missouri include Mark Twain, Mad Men star Jon Hamm, and rapper Nelly.

Very defined seasons are a hallmark of Missouri, and the state’s climate is classified as continental. Summers are hot and humid, and winters are cold, with occasional snow. Summers bring thunderstorms and tornado season from spring to early summer. The average high is 88 degrees Fahrenheit in July and the average low is 21 degrees Fahrenheit in January.

The biggest cities outside of Kansas City and St. Louis are Springfield and Columbia. The state is a leading producer of transportation equipment, beer and beverages, and defense and aerospace technology. Its Fortune 500 companies include Express Scripts, Centene, and Emerson Electric.

The average home value in the state is $239,700, below the federal maximum reverse mortgage lending limit of $1,149,825 that applies to all HECM loans. Jumbo reverse mortgage programs are available for more borrowing power 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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