Missouri Reverse Mortgage Information

Missouri Reverse Mortgage Information

Welcome to the Missouri Reverse Mortgage Information Center

Welcome to Mutual of Omaha Reverse Mortgage, your trusted resource for comprehensive information on reverse mortgages in the Show Me State. If you're a homeowner aged 62 or older in and live in St. Louis, Kansas City, Springfield, or anywhere else in Missouri, discover how you can leverage your home equity to achieve financial security and peace of mind in retirement.

Why Choose a Reverse Mortgage in Missouri?

Missouri offers a blend of metropolitan excitement, scenic beauty, and a rich cultural heritage, making it an ideal place to retire. With a reverse mortgage, Missouri homeowners can tap into their home equity without the burden of monthly mortgage payments, providing flexibility to enjoy retirement in the heartland of America.

Meet Larry McAnarney: Your Trusted Reverse Mortgage Expert

Larry McAnarney, HECM Loan Specialist

Larry McAnarney

HECM Loan Specialist

NMLS# 21059 | 815-703-4745

As a Certified Senior Advisor, we're proud to have industry veteran Larry McAnarney as part of our team of reverse mortgage specialists. Since 1999, Larry has provided expert guidance and support to Missouri homeowners looking to unlock the potential of their home equity.

Your Path to Financial Freedom Starts Here

Whether you're looking to supplement your retirement income, cover medical expenses, or fund home renovations, a reverse mortgage could be the solution you've been searching for. Explore our comprehensive resources on reverse mortgages in Missouri, including informative guides, articles, and tools designed to help you make informed decisions about your home equity.

Get Started Today

Ready to take the next step towards financial freedom? Contact Larry today at 815-703-4745 to schedule a consultation. Your path to financial security starts here.

Get a Quote

Verified Reviews


Professional, Thorough, and Patient My husband and I found Larry McAnarney professional, thorough, and patient with our many questions. We found his detail unfailing and appreciated his rapid, meticulous responses and on-time arrivals in the most challenging weather

Daniel & Lisa W — Mar 1, 2019

Great Service-Detailed Information Larry provided a great service and detailed information .

Terry G — Oct 16, 2023

Larry is Very Professional Larry is very Professional, Knowledgeable and highly organized. He handled the entire process to our complete satisfaction. We would definitely recommend him to our family and friends.    

Mike & Marie H — Dec 23, 2019

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Reverse Mortgage Frequently Asked Questions

Yes, refinancing is possible. This option may be to your advantage if your home increases in value, making more funds available.

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A HECM is a reverse mortgage loan that's insured by the Federal Housing Administration (FHA).

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You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually…

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Use the proceeds for the things you need and want. For example: refinancing your existing mortgage(s) to improve cash flow; consolidating…

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Reverse mortgages are available with either fixed or variable rates. Borrowers who elect a fixed-rate…

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The funds from a reverse mortgage generally do not affect regular Social Security or Medicare benefits. However, needs-based benefits, such as Medicaid…

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A reverse mortgage is a home-secured loan that’s exclusively for homeowners and homebuyers age 62 and older. It allows borrowers to convert some of…

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You have a number of choices for how you receive your funds:

  • Lump sum
  • Monthly…
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A reverse mortgage offers certain advantages:

  • With a traditional home equity loan or home equity line of credit, you…
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The specific amount depends on several factors, including:

  • Your…
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With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…

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Yes. For many homeowners age 62 and older who are looking to refinance their mortgage(s) or consolidate debt to reduce their monthly bills, a reverse…

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Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.

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The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.

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The loan must be paid in full when one of the following occurs:

  •  A “maturity event” —…
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To be eligible for a reverse mortgage, you’ll need to meet the requirements set by the federal government:

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Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds…

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Below are just a few of the Missouri cities and counties where you can obtain a reverse mortgage.