Virginia Reverse Mortgage Information

Virginia Reverse Mortgage Information

Discover a Trusted Virginia Reverse Mortgage Lender

Welcome to Mutual of Omaha Reverse Mortgage, your reliable source for reverse mortgage information in Virginia. Whether you're in Roanoke, Norfolk, Richmond, Portsmouth, Newport, or anywhere across the Commonwealth of Virginia, I can answer all your questions and provide you with the details you are looking for. If you're a homeowner aged 62 or older (55 in some states), discover how you can leverage your home equity to enhance your retirement and achieve your financial retirement goals.

Why Choose a Reverse Mortgage in Virginia?

Virginia offers a rich blend of history, culture, and natural beauty, making it a desirable place to retire. With a reverse mortgage, Virginia homeowners can unlock the equity in their homes without the burden of monthly mortgage payments, providing financial flexibility and peace of mind in retirement.

Larry McAnarney, HECM Loan Specialist

Larry McAnarney

HECM Loan Specialist

NMLS# 21059 | 815-703-4745

Empowering Virginia Homeowners

My team and I are dedicated to empowering Virginia homeowners to make informed financial decisions. I can provide personalized guidance and support tailored to your unique needs and goals. I believe in transparency, integrity, and excellence in customer service, ensuring that you have the resources and information you need to make the right choices for your financial future.

Unlock Your Home's Potential Today

Don't let your home equity go untapped—discover the possibilities of a reverse mortgage in Virginia today. Whether you're looking to supplement your retirement income, cover medical expenses, purchase a home, or fund home renovations, a reverse mortgage could be the key to unlocking the equity in your home and securing your financial future.

Ready to Take the Next Step?

Contact me today at 815-703-4745 to schedule a no obligation consultation and learn more about how a reverse mortgage can help you achieve your financial goals in retirement. Your financial future starts here.

Contact me today to get started!

Verified Reviews


A True Pleasure to Work With Larry was very easy to work with, always took the time to explain any questions we had and was true pleasure to work with. .

Dave & Mary K — Nov 9, 2023

Larry is Very Professional and Helpful Larry has been very professional and helpful in the reverse mortgage process. He always kept me updated during this process and giving me feedback. Thank you Larry    

Rogeilo C — Nov 14, 2020

Excellence! I am very impressed with the work everyone involved put into my reverse mortgage. I felt fully informed going through this process and every question was answered completely and quickly. I would recommend Larry to anyone who asks about getting a reverse mortgage.

Diane S — Aug 30, 2022

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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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