Experience Excellence with Colorado’s Top Reverse Mortgage Lender

For over 20 years, All Reverse Mortgage, Inc. (ARLO™) has helped Colorado homeowners access their home equity through HUD-approved HECM and jumbo reverse mortgages. As Colorado’s #1 Rated Reverse Mortgage Lender, we hold an A+ BBB rating with perfect 5-star reviews and zero complaints — a record that earned us recognition as a BBB Torch Award for Ethics Finalist three years running.

As a HUD-approved direct lender and proud member of the National Reverse Mortgage Lenders Association (NRMLA), we specialize exclusively in reverse mortgages — it’s all we’ve done since 2004. Colorado’s real estate market spans a wide range — from Denver metro neighborhoods and Boulder’s foothills communities to mountain resort towns like Aspen, Vail, and Steamboat Springs where home values regularly exceed the $1,249,125 HECM lending limit. That range makes it essential to work with a lender who understands both FHA-insured HECM loans and proprietary jumbo programs. Our team introduced the first fixed-rate jumbo reverse mortgage in 2008, and our experienced originators can walk you through the benefits and considerations of each option so you can make an informed decision.

Whether your goal is to eliminate monthly mortgage payments, create a financial safety net with a growing line of credit, or access equity for retirement planning, we’re here to help you choose the right program with competitive rates and lower costs. Let us show you the difference two decades of dedicated experience can make.

Colorado reverse mortgage statistics showing 880,000 homeowners age 62 and older, 1,201 reverse mortgages closed in the last 12 months, 48 active lenders, and an average Colorado home value of $594,100.

Colorado Reverse Mortgage Facts (2026 Update)

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsLenders in ColoradoAvg. Home Value
Colorado880,0001,20148$594,100

Top Reverse Mortgage Cities in Colorado

CityHomeowners Age 62+Reverse Mortgages Closed Last 12 Mo.Active LendersAvg. Home Value
Arvada13,214197$601,842
Aurora24,8734111$494,218
Broomfield7,611146$642,905
Centennial10,984187$726,311
Colorado Springs47,9027614$468,774
Denver61,4379815$524,675
Fort Collins18,224299$574,208
Greeley12,319217$418,093
Littleton11,506207$676,442
Longmont17,084278$565,117
Loveland15,942248$532,884
Parker7,318126$723,490
Pueblo18,774319$279,416
Thornton13,406227$514,239
Westminster12,887217$592,118

How this data was derived: Reverse mortgage counts reflect FHA-insured HECM loans endorsed over a rolling 12-month period (Dec 2024–Nov 2025) using HUD HECM Snapshot data. Active lenders represent unique FHA sponsor numbers with at least one endorsed loan during this period. Estimated homeowners age 62+ are based on U.S. Census ACS 5-year owner-occupied households age 65+ as a conservative proxy. Home values are sourced from Zillow’s Home Value Index (latest available).

Top 20 Reverse Mortgage Lenders in Colorado

LenderBBB RatingAccreditedYears in BusinessCustomer Rating (0–5)% Positive ReviewsComplaintsSource
All Reverse Mortgage, Inc. (ARLO)A+YES214.94/599.0%0Source
American Pacific MortgageFNO281.75/535.0%6Source
CrossCountry Mortgage, LLC.FYES221.43/529.0%303Source
Fairway Independent MortgageA+YES294.51/590.0%26Source
Finance of America Reverse LLC (FAR)A+YES223.71/574.0%36Source
Goodlife Home LoansA+YES13N/A (Not enough reviews)N/A (Not enough reviews)1Source
Guaranteed RateA+YES262.25/5450%45Source
Guild Mortgage Company LLCA+NO651.55/531.0%73Source
HighTechLending IncA+YES194.94/599.0%1Source
Liberty Home Equity Solutions Inc.A+NO221.00/520.0%1Source
Longbridge Financial LLCA+YES133.77/575.0%34Source
Luminate BankNRNO84NANANASource
MCM HoldingsA+YES27NANANASource
The Money HouseNRNO28NANA0Source
Movement Mortgage, LLCA+NO184.43/589.0%92Source
Mutual of Omaha MortgageA+YES123.31/566.0%65Source
New American FundingA+YES264.65/593.0%147Source
Plaza Home Mortgage IncA+YES242.67/553.0%6Source
Smartfi Home LoansA+YES6N/A (Not enough reviews)N/A (Not enough reviews)0Source
South River Mortgage, LLCA+NO63.79/576.0%14Source
Source: Data compiled from https://www.rminsight.net/hecm-lenders-september-2025/ RMInsight (Top 20 HECM Lenders, October 1, 2025 and Better Business Bureau reviews updated as of December 10, 2025)

Colorado Reverse Mortgage Lending Limits

Colorado is home to over 880,000 residents aged 62 and older, many of whom may qualify for a reverse mortgage. With a median home value of $594,100 as of January 2026, most Colorado homes fall well within the HECM reverse mortgage lending limit of $1,249,125.

Colorado, known for its stunning mountain landscapes and vibrant cities, is an ideal place to retire. Whether you prefer the alpine beauty of the Rockies, the peaceful deserts, or the lively metro areas like Denver and Colorado Springs, there’s something for everyone in the Centennial State.

For those interested in exploring the financial benefits of a reverse mortgage, All Reverse Mortgage, Inc. (ARLO™) is here to help you every step of the way. We’re ready to answer your questions and provide the support you need to make the best decision for your future.

HUD-Approved Reverse Mortgage Counseling Agencies in Colorado

NameAgency IDAddressPhoneWeb Site
BOULDER COUNTY HOUSING & HUMAN SERVICES, AKA BOULDER COUNTY PERSONAL FINANCE PROGRAM90468Boulder County HHS 515 Coffman, Longmont, Colorado, 80501(720) 564-2279bouldercounty.gov
CITY OF AURORA COMMUNITY DEVELOPMENT DIVISION8114115151 E Alameda Pkwy, Aurora, Colorado, 80012-1555(303) 739-7900auroragov.org
DOUGLAS COUNTY HOUSING PARTNERSHIP846819350 Heritage Hills Circle, LONE TREE, Colorado, 80124-5518(303) 784-7857douglascountyhousingpartnership.org
HOUSING RESOURCES OF WESTERN COLORADO90441524 30 Rd, Grand Junction, Colorado, 81504-4438(970) 773-9732N/A
HOUSING SOLUTIONS FOR THE SOUTHWEST80708295 Girard St, Durango, Colorado, 81303-6828(970) 259-1086N/A
NEIGHBOR TO NEIGHBOR807061550 Blue Spruce Dr, Fort Collins, Colorado, 80524-2015(970) 484-7498n2n.org
NORTHEAST DENVER HOUSING CENTER802132416 E Colfax Ave, Denver, Colorado, 80206-1405(303) 377-3334 ext 229nedenverhousing.org
The information presented in this table was obtained from the U.S. Department of Housing and Urban Development (HUD) at https://answers.hud.gov/housingcounseling as of January 23rd, 2026.

Did you know? Colorado does not mandate in-person counseling. Visit our counseling page for a list of phone-based counseling agencies, and you can conduct your required counseling from the comfort of your home.


Colorado Reverse Mortgage FAQs

Q.

Will a reverse mortgage affect my Senior Property Tax Exemption in Colorado?

No, having a reverse mortgage will not have any impact on your eligibility for the Senior Tax Exemption in the state of Colorado. To qualify for the exemption, you must be at least 65 years old on January 1st of the year that you apply for the exemption, and you must have owned and occupied the property as your primary residence for at least 10 consecutive years prior to January 1st of that year.
Q.

Can I participate in Colorado’s Property Tax Deferral Program if I have a reverse mortgage?

No, you may not participate in any tax deferral program. All reverse mortgage programs have a restriction on participation in a tax deferral program and require that you pay your taxes on time when they come due in order for the loan to remain in good standing. If you are currently participating in a tax deferral program and wish to obtain a reverse mortgage, you will be required to cancel participation and pay all deferred taxes at the time of closing in order to be eligible for the loan. After closing, you must continue to pay all taxes on the home as they come due. Any future participation in a tax deferral program after obtaining a reverse mortgage loan will result in the loan being called due and payable.
Q.

Does Colorado charge income tax on reverse mortgage proceeds?

A reverse mortgage is a loan, and the proceeds received from a reverse mortgage are borrowed funds. Borrowed funds are generally not taxable, but you should always consult your tax advisor.
Q.

How does a reverse mortgage affect Health First Colorado (Medicaid) eligibility?

Having a reverse mortgage loan on your home in and of itself does not usually affect your eligibility for Health First Colorado (Medicaid). It is our understanding that Health First Colorado (Medicaid) eligibility is determined by one’s household income, available assets, household size, age, and residency. Funds available to you in your reverse mortgage line of credit should not be factored into that equation. However, if you advance funds from a reverse mortgage loan to your bank account and leave the funds there, there is a possibility you could compromise your eligibility. It is important to consult with an elder law attorney before getting a reverse mortgage if you’re receiving or planning to apply for Health First Colorado (Medicaid).
Q.

What is Colorado’s Medicaid Estate Recovery Program, and how does it relate to reverse mortgages?

Colorado’s Medical Assistance Estate Recovery Program acts on the probate estate to obtain reimbursement for long-term care costs from the estates of deceased recipients aged 55 and older. After death, the state will file a claim against the estate to obtain that reimbursement, but it is limited to the equity or interest in the recipient’s home. When you have a reverse mortgage on your home, the reverse mortgage loan is repaid first from the sale proceeds upon death, and any Medicaid Estate Recovery claim would be secondary to secured debts, which would include the reverse mortgage. This means that both the reverse mortgage lender and the state may have claims against the home’s equity when you pass away, potentially leaving less for your heir(s).
Q.

Does my spouse need to be on the reverse mortgage in Colorado?

Short answer is no. Your spouse does not have to be a borrower on the reverse mortgage loan. That said, your spouse must always be involved in the loan process, even if they will be a non-borrowing spouse. Reverse mortgage loan guidelines require that, at a bare minimum, your spouse must do the counseling with you and sign specific documents acknowledging the reverse mortgage loan and what their rights are (if any) as a non-borrowing spouse. It is definitely preferred if your spouse can be a co-borrower with you on any reverse mortgage loan you take out, as that will provide the best-case scenario for them should you predecease your spouse. Additionally, not all programs have the same rules and protections for non-borrowing spouses. For example, on the Home Equity Conversion Mortgage (HECM), there is a deferral option for “Eligible” non-borrowing spouses, whereas Proprietary or “Jumbo” reverse mortgages do not.
Q.

Can I place my reverse mortgage in a living trust in Colorado?

Maybe. Unlike traditional or “forward” mortgages, reverse mortgage loans may be closed in the name of the trust. It is a common practice in the traditional lending space to ask homeowners with a trust to transfer title out of the trust to close on their new loan, then require them to transfer title back into the trust after their loan is consummated, causing hassle and additional costs for the homeowner. Reverse mortgage loans do not permit the transfer of property title after the loan is made without first obtaining approval from the loan servicer. In order to keep the property in the trust, the full trust itself must be reviewed (excluding the advanced health care directives, Powers of Attorney (unless being used for an incapacitated borrower), Last Will and Testament, as they are not necessary) to determine that the trust meets the FHA program guidelines. In our experience, the overwhelming majority of standard revocable family trusts meet the requirements, but until the full trust is reviewed, we, as a lender, cannot advise whether your trust is eligible.
Q.

What protections does Colorado law provide for reverse mortgage borrowers during disasters?

Colorado House Bill 23-1266, which was enacted in June of 2023, specifically protects reverse mortgage borrowers from having their homes foreclosed if a natural disaster leaves their home uninhabitable, preventing them from complying with the occupancy requirement of the reverse mortgage loan. This law suspends a foreclosure for up to 3 years if the home is being repaired. This does not remove the requirement for the borrower to maintain consistent communication with the Lender to advise of the progress, etc., and it does not eliminate other loan terms such as maintaining homeowners insurance premiums and paying your property taxes as they are due. If your home is damaged by a natural disaster, the first thing you want to do is file a claim with your insurance company as soon as humanly possible to get that started. Next you will need to notify your lender or servicer of the damage by certified mail and keep a copy of the letter. You will also want to take pictures or videos of the damage to help with your claim before any repairs are completed. You can also contact FEMA to apply for financial assistance if it is in a Presidentially-Declared Major Disaster Area (PDMDA) to see if you qualify for assistance. While your home is undergoing repairs, you will need to pay all property charges as they come due and maintain consistent communication with your servicer as the repairs are completed on your home. Once your home is repaired and habitable again, you must move back in.
Q.

Are there any prepayment penalties on reverse mortgages in Colorado?

No. There is never any prepayment penalty permitted on a reverse mortgage loan. Colorado State Law prohibits it in addition to Federal law. You can pay off in full or partially at any time, with no prepayment penalty.
Q.

Can I rent out a room in my home if I have a reverse mortgage?

Yes, you can rent out a room or even multiple rooms as long as you continue to live in the home as your primary residence. The entire property cannot be rented. For example, if you have a 3-bedroom home, it is permissible to rent out two of the bedrooms so long as you reside in the 3rd. Additionally, if your property has an Accessory Dwelling Unit (ADU) or in-law quarters, you are not permitted to reside in that structure and must live in the main home. In the current Colorado housing market, it is becoming increasingly common for senior homeowners to rent out a room or two to supplement their income.
Q.

How does a reverse mortgage compare to a Home Equity Line of Credit (HELOC) in Colorado?

Key differences:

Feature Reverse Mortgage HELOC
Monthly payments None required Required (interest + principal)
Age requirement 62+ Any age (18+)
Income verification Yes (financial assessment) Yes (strict debt-to-income)
Upfront costs High ($20K–$30K) Low ($0–$500)
Best for Eliminating payments, long-term cash flow Short-term needs, renovations
Q.

Does Colorado have special requirements for reverse mortgage counseling?

Reverse Mortgage Counseling is mandatory for all borrowers and their spouses for all reverse mortgage programs. Whether you are doing a HECM loan or a Proprietary loan, counseling will always be required. The Department of Housing and Urban Development (HUD) approves counseling agencies to offer counseling on the HECM program, and individual lenders set their own lists of approved agencies authorized to conduct counseling for those Proprietary programs. Not all HECM counseling agencies are approved for these Proprietary programs, but there is some overlap: a HUD-approved HECM counseling agency may also be approved for a specific Proprietary product. The state of Colorado does not have any specific requirements beyond those required by HUD.
Q.

What happens to my reverse mortgage if I temporarily leave my home?

When you have a reverse mortgage loan, the property must be your primary residence. Additionally, you cannot have an extended absence of more than 12 consecutive months for any reason, and any consecutive absence of 60 days or more must be communicated to your loan servicer, along with your plan to ensure the home will be cared for during your temporary absence. Temporary absences are permitted as long as they fall within these parameters, and you communicate with your loan servicer if the absence will exceed 60 consecutive days. For example, a 2-week or even month-long vacation is perfectly fine, and no advanced communication is required.
Q.

Can I use reverse mortgage proceeds to pay off debt?

Reverse mortgage proceeds can be used for any legal purpose you see fit, so you can definitely use the proceeds you receive from a reverse mortgage to pay off debt, including credit card balances. However, if you are likely to run up the credit card balances again after paying them off, you’ve actually made your situation worse, not better. If a reverse mortgage can provide you with a long-term, sustainable solution that eliminates your credit card balances and gives you the resources to avoid running them up again, it could be a good option to consider.
Q.

What is the 2026 HECM lending limit in Colorado?

The HECM Lending limit is the same nationwide and has been that way for well over a decade. For 2026, the maximum FHA HECM reverse mortgage lending limit is $1,249,125, up from $1,209,750 in 2025. There are many markets across Colorado where home values exceed the FHA lending limit. You can still apply for a HECM loan if your home value exceeds the current lending limit. The lending limit is the max value that can be considered for your loan calculations. This means that if your home is appraised at $1,400,000 and you apply for a HECM loan, the value used for loan calculations will be $1,249,125 in 2026. Additionally, there are Proprietary or “Jumbo” reverse mortgage programs that do not have the lending limit that the HECM program has and can do loan amounts up to $4,000,000, depending on your home value.

Ready to Unlock Your Home’s Equity?

As Colorado’s #1 Rated Reverse Mortgage Lender, All Reverse Mortgage, Inc. (ARLO™) is here to provide trusted guidance, real-time rates, and expert support to help you make informed decisions.

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All Reverse Mortgage, Inc. is fully licensed by the Colorado Department of Regulatory Agencies (DORA) (License #100032569), ensuring that you receive expert guidance every step of the way.

Get Your Reverse Mortgage Quote from Colorado’s #1 Rated Reverse Mortgage Lender* or call (800) 565-1722 to speak with a licensed expert.

Other Areas of Interest in Colorado

Arvada Aurora Broomfield Centennial Colorado Springs Denver Fort Collins Greeley Littleton Longmont Loveland Parker Pueblo Thornton Westminster

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