Columbia and Boone County homeowners 62 and older can use a reverse mortgage to access home equity with no required monthly mortgage payment. Steve Clune is licensed throughout Missouri.
Reverse mortgages for mid-Missouri homeowners
Columbia and Jefferson City have many retirees from the university, hospitals and state government. A reverse mortgage can add flexibility to a fixed retirement budget while you stay in your home.
Everything can be handled by phone and email, with a local appraiser and title company for the on-site steps.
Areas covered
Columbia and Boone County, including Ashland, Centralia, Hallsville and Rocheport, plus Jefferson City, Fulton and Mexico.
How it works if you live in Columbia
- Start with a call or text to see if a reverse mortgage fits
- Complete HUD-approved counseling, usually by phone
- Appraisal by a local appraiser who knows Columbia home values
- Phone, email and video calls, with family welcome on every call
- Sign closing papers at home or a nearby title office
Questions from Columbia homeowners
Can I get a reverse mortgage on a condo in Columbia?
Yes, if the condo project is FHA-approved, or if it qualifies for a single-unit approval. Steve can check.
Do I need good credit?
There is no minimum credit score for a HECM, but lenders review your credit and payment history to confirm you can keep up with taxes and insurance.
Can I still leave my home to my kids?
Yes. Your heirs can sell the home and keep any equity left after the loan is repaid, or pay off the loan and keep the house.
Talk to a real person in Kansas City
Steve Clune is a licensed loan officer for Kansas and Missouri. Call or text with your questions. If you miss him, send a text and he’ll get back to you.