Springfield and Greene 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 and works with Ozarks clients by phone and email.
Reverse mortgages in the Ozarks
Southwest Missouri draws a lot of retirees, and many own homes free and clear. A reverse mortgage can turn that equity into monthly income or a growing line of credit while you keep living in the home.
If you are moving to the Springfield area from out of state, a HECM for Purchase can let you buy your Ozarks home with a larger down payment and no monthly mortgage payment afterward.
Areas covered
Springfield and Greene County, plus Nixa and Ozark in Christian County, Republic, Battlefield, Willard, Strafford, Rogersville and Branson.
How it works if you live in Springfield
- 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 Springfield 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 Springfield homeowners
Can I use a reverse mortgage to buy a retirement home near Branson?
Yes, if it will be your primary residence. Vacation or second homes do not qualify for a HECM.
Does the home have to be paid off?
No. Any remaining mortgage is paid off from the reverse mortgage at closing, as long as there is enough equity.
How long does it take?
Often 30 to 45 days from application to closing, depending on counseling, appraisal and paperwork.
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.