01.
What Is a Reverse Mortgage?
Real specialist

Reverse mortgages are unique loans that help you achieve financial independence while improving your quality of life.

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02.
Eligibility Requirements
Revers Mortgage Colorado
  • 62 years of age or older
  • Home is primary residence
  • Home must meet FHA requirements
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03.
Application Process
Answers to FAQs

Reverse Mortgage Colorado prides itself with giving the best customer service in the industry. To get started, give us a call, or fill out the form and one of our experts will get in touch with you.

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Reverse Mortgage Colorado

7800 E Dorado Place #220, Greenwood Village, CO 80111

Reverse Mortgage Colorado provides reverse mortgage financing to eligible borrowers. We have experienced licensed specialists who will contact you and be your guide throughout the entire process. We pride ourselves on giving the best customer service in the industry. The borrower will be matched with the best loan officer for your needs who will be your contact from beginning to end.
Reverse Mortgage Colorado was founded with the objective of helping seniors stay in their homes. Our website seeks to provide the most comprehensive information available regarding reverse mortgage financing options. Whether you have questions about how a reverse mortgage could help you, need to contact your loan specialist, or want to start your reverse mortgage journey, we are here to help.

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Is A Reverse
Mortgage Right
for You?

Do you want to buy a home in Fort Collins, Longmont, or Loveland, Colorado?  Do you need to pay off any debts?  Or, do you need to  cover medical expenses? If you are 62 years of age or older and own an FHA insured home, then a reverse mortgage could be the perfect option for you. You can use a reverse mortgage to pay your bills, travel, for home repairs, or to have a stable cash flow. You can enjoy new income stability and financial independence with a safe and secure reverse mortgage loan.

  • Consolidate debt payment
    Debt Payment Issues

    A reverse mortgage turns your home equity into usable funds.  Reverse mortgage proceeds can be used against a current debt payment.

  • Cash For Daily Living
    Buying/Selling Home

    A reverse mortgage provides a unique opportunity to stabilize your income.  With a reverse mortgage, you are able to have a fixed monthly or quarterly income to use for daily expenses.

  • Pay Medical Expenses
    Patients' Rights

    Healthcare can be expensive.  Proceeds from a reverse mortgage can help you pay medical expenses.

  • Home Improvements
    Loans, Debts, Credits

    If home repairs are creating a difficult position, you can use the income from a reverse mortgage towards your home improvements.

  • Age In Peace
    Injuries And Rights

    A reverse mortgage gives you an opportunity to age in peace in your own home.  With a reverse mortgage, you own your home and receive a pre-determined fixed monthly or quarterly income from the lender.

  • Purchasing a New Home
    Education and Children

    If you are 62 years of age or older and looking for a home in Colorado, reverse mortgage proceeds can help you buy your dream home.

Why Reverse Mortgage Colorado

Reverse Mortgage Colorado provides financing to eligible borrowers. Reverse Mortgage Colorado was founded with the objective of helping seniors stay in their home. Whether you have questions regarding how a reverse mortgage could help you, or you need to contact a loan specialist, or you want to begin your reverse mortgage journey, we are here to help.

Mortgage Specialists

Our experienced licensed specialists will contact you and be your guide throughout the entire process. We pride ourselves on giving the best customer service in the industry. As a borrower, you will be matched the best loan officer for your needs. This loan officer will be your contact from beginning to you.

Get Started

A reverse mortgage is a life changing program that helps you age in peace in your own home. More than 2/3rds of our country’s seniors are misinformed, or not aware of the benefits of a reverse mortgage, so it’s important for you to discuss your situation with a specialist. One of our experienced, licensed specialists will contact you and be your guide throughout the process.

Frequently Asked Questions

A reverse mortgage enables you to withdraw income from the equity in your home. The following Reverse Mortgage Colorado FAQ’s will help you understand m ore about reverse mortgages and decide if this is the right choice for you!

A reverse mortgage is a special type of loan for seniors 62 years of age or older that allows the homeowner to convert a part of their equity into usable cash. As long as the borrower uses their home as a primary residence and they meet the obligations of the mortgage, there is no need to repay the loan. A majority of reverse mortgages are provided by the Federal Housing Administration (FHA) as part of its Home Equity Conversion Mortgage (HCEM) program.

Any single family home, 2-4 unit home with one unit occupied by the borrower, condominiums which are approved by HUD and, or manufactured homes that meet the FHA requirements are eligible for a reverse mortgage program.

Yes. An heir may retain the property and satisfy the reverse mortgage debt by paying the lesser of the mortgage balance or 95% of the current appraised value of the home.

The following are obligations of the reverse mortgage borrower:

  • Property-related expenses such as property taxes, utilities, HOA fees, and hazard insurance need to be paid on time.
  • The property’s condition needs to be maintained. The condition of the home must be maintained  to the same quality  as when the borrower received the reverse mortgage.
  • The property is the borrower’s primary residence.

You are able to qualify for a reverse mortgage, even if you have an existing mortgage, however, the reverse mortgage must be in the first lien position.  Any indebtedness must be paid off.  The debt can be paid off with the proceeds from the reverse mortgage, savings, or assistance from a family member or friend.

The proceeds from a reverse mortgage can be used for daily expenses, home improvements, healthcare, existing debts, and/or prevent foreclosure.

Client
Testimonials
Our Knowledgebase
Contact Information
Adress

7800 E Dorado Place #220  Greenwood Village CO 80111 USA

Phone

720-403-9145

Email

dmiller@fairwaymc.com

Contact form