Topeka and Shawnee County homeowners 62 and older can use a reverse mortgage to access home equity with no required monthly mortgage payment. Steve Clune is licensed across Kansas and is about an hour away in Kansas City.
Reverse mortgages for Topeka retirees
Many Topeka homeowners are retired state, federal or railroad employees with steady pensions and paid-down homes. A reverse mortgage can supplement that income, pay for home updates, or serve as an emergency fund through a line of credit.
Steve can meet in person in Topeka by appointment, or handle everything by phone and email.
Areas covered
Topeka and Shawnee County, including Silver Lake, Rossville, Auburn, Berryton and Tecumseh, plus nearby Wamego and Holton.
How it works if you live in Topeka
- 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 Topeka home values
- Meet in person in Topeka by appointment, or work entirely by phone and email
- Sign closing papers at home or a nearby title office
Questions from Topeka homeowners
Will a reverse mortgage affect my KPERS or federal pension?
No. Loan proceeds are not income, so pensions are not reduced. Need-based programs can be affected, so ask before deciding.
Can I get a reverse mortgage on a duplex where I live in one side?
Yes. Homes with 2 to 4 units can qualify if you live in one of the units as your primary residence.
Can my spouse who is under 62 stay in the home?
An eligible non-borrowing spouse may be able to remain in the home after the borrower passes, if specific HUD requirements are met.
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.