Colorado Reverse Mortgage
Looking for a Colorado Reverse Mortgage? The HECM (Home Equity Conversion Mortgage) is growing in popularity in Colorado. In fact, according to RM Insight, Colorado reverse mortgages have seen an 84.8% growth for January 2017 and Colorado has realized a 3.6% market penetration, which ranks it 6th as compared to all states . Also, the HECM is the most popular reverse loan program in Colorado. With a HECM reverse mortgage, you have several options to choose from including fixed rates, adjustable rates and purchase reverse mortgages.
FHA Reverse Mortgages in Colorado
Colorado Reverse Mortgages are extremely popular and have been since the inception of the HECM (Home Equity Conversion Mortgage) Program. The HECM is the most popular reverse loan program in Colorado. With a HECM reverse mortgage, you have several options to choose from including fixed rates, adjustable rates and purchase reverse mortgages.
Reverse Mortgage Lending Limits in Colorado
The lending limit in Colorado (and nationwide) has increased from $625,500 to $636,150 for calendar year 2017. What that means to seniors looking to get a Colorado reverse mortgage is an increase in the total benefit available to them.
We serve all major Colorado cities including: Denver, Colorado Springs, Aurora, Fort Collins, Lakewood, Thornton, Arvada, Westminster and everywhere in between.
For comprehensive reverse mortgage information, please see the links above. If you would like someone to contact you, please fill out the form to the right. We will call you to discuss your scenario before sending a comprehensive estimate. If you prefer no phone calls, please note that in the comments sections, but please also provide a little information as to what your goals are so that we may send an estimate that may best fit your needs.
Colorado Reverse Mortgage Numbers
|Colorado HECM Originations|
|HUD Field Office||Total Area Originations|
Total for Colorado: 4,126
The above chart shows HECM Loans Originated in Colorado with beginning endorsement date between May 1, 2013 and April 30, 2016. Data Source: HUD Neighborhood Watch
Looking for a Colorado Purchase Reverse Mortgage?
We are experts at purchase reverse mortgages. Whether you’re looking to downsize, right-size, move closer to family or buy a single story home, we can walk you through the process of using a reverse mortgage for purchase in Colorado.
Considering a Non-FHA Reverse Mortgage?
We do have jumbo reverse mortgages available in Colorado. Contact us to learn more.
Colorado Links of Interest: Department of Real Estate
Remember, we offer reverse mortgages in the entire state of Colorado.