Home equity becomes cash through the reverse mortgage Kansas homeowners use; between October 2025 and August 2026, 99 loans were insured statewide. The Home Equity Conversion Mortgage, or HECM, is what most borrowers select. The Federal Housing Administration provides the backing. You can look over how a reverse mortgage works and then speak with a counselor. The median home value for the 99 Kansas borrowers was $294,000 and their median starting loan limit reached $124,367. Of that group, 14 took out the loan to buy a house.
A 75% refund on property taxes, offered by the Kansas SAFESR program
For property taxes on your home that are actually paid on time, Kansas Property Tax Relief for Low Income Seniors provides a 75% refund. This refund, called SAFESR, is run by the Kansas Department of Revenue under the Kansas Homestead Act. A birth date before January 1, 1960 is required for the 2025 claim year, because you must be 65 or older for every day of 2025. The house valuation can’t go above $350,000, and your household income must stay at or below $25,380.
You're required by federal Consumer Financial Protection Bureau rules to cover property taxes and homeowners insurance, so this tax relief is meaningful. You're also required to keep the house in good shape and live in it as your principal residence, your main home. If property taxes go unpaid, your loan can fall into default, and the lender can require you to repay everything at once. Your taxes still need to be paid on time first, despite SAFESR; if they're delinquent, your claim won't be accepted.
Send Form K-40PT to the state anytime from January 1, 2026 up to the April 15, 2026 cutoff. If you have a good reason for filing late, your claim might still be accepted. You're allowed only 1 refund, so you must pick among the Homestead, SAFESR or Property Tax Relief refunds.
Does the State Bank Commissioner take Kansas lender complaints?
Yes, mortgage lenders and mortgage companies throughout Kansas answer to the state's Office of the State Bank Commissioner (OSBC). The individual professionals who take your mortgage application, called loan originators, are overseen too. Oversight by the commissioner also extends to money transmitters, earned wage access providers, credit service organizations, supervised lenders, trust companies and state-chartered banks. Right now, 21 active reverse mortgage lenders offer loans in Kansas, and the state has 1 HUD-approved counseling agency.
Verifying your lender's license before anything else keeps you safe from unregistered operators. When there's a dispute, a federal rule covers every state. You can file a mortgage complaint with the Consumer Financial Protection Bureau, and they'll send it to the company. Most companies reply within 15 days.
Reverse Mortgage Solutions v. Goldwyn on repayment
An unpublished 2017 opinion from the Kansas Court of Appeals, Reverse Mortgage Solutions, Inc. v. Goldwyn, Case No. 117,449, explains how the loan is paid off. The document describes a case and quotes a federal appeals court; it isn’t a Kansas statute. Federal rules mean you make 0 monthly mortgage payments. The full loan becomes due when you pass away, sell the house or move out.
If you plan ahead, your heirs can manage a reverse mortgage after death without stress. According to recent HUD numbers, the median note rate came to 5.875% and 0 Kansas loans met the $1,249,125 federal ceiling.
