Compare Colorado's Best Reverse Mortgages
Top 10 Reverse Mortgage Lenders in Colorado
|Lender Name||Company Start Date||Lender Rating||Review Stars (0-5.0)||% of Positive Reviews||# of Complaints Last 3 Yrs.||BBB Reviews|
|All Reverse Mortgage, Inc. of Colorado||05/27/2004||A+||5.0||100%||2||Review Source|
|American Advisors Group (AAG)||10/29/2004||A-||4.1||82%||41||Review Source|
|Reverse Mortgage Funding LLC||09/25/2012||A+||3.2||64%||3||Review Source|
|Live Well Financial, Inc.||08/28/2008||A+||2.1||17%||9||Review Source|
|One Reverse Mortgage, LLC||07/12/2001||A+||3.2||60%||5||Review Source|
|Liberty Home Equity Solutions, Inc.||09/05/2003||A+||2.7||40%||5||Review Source|
|HighTechLending Inc||06/06/2006||C+||2.3||0%||2||Review Source|
|Reverse Mortgage Solutions, Inc.||02/21/2007||F||1.05||1%||86||Review Source|
|Synergy One Lending, Inc. (Retirement Funding Solutions)||01/09/2013||A+||N/A||N/A||1||Review Source|
|Finance of America Reverse LLC||10/15/2003||A+||N/A||N/A||3||Review Source|
We are proud to be Colorado's #1 rated reverse mortgage lender by the BBB with a Perfect 5.0 stars and A+ review. All Reverse Mortgage® lends in 16 states states nationwide, including all of Colorado state. All Reverse began in 2004 and as the name implies, the only loan product that All Reverse Mortgage® originates is the residential reverse mortgage loan.
We offer reverse mortgages to Colorado homeowners and our staff has a combined lending experience exceeding 100 years with national mortgage banking experience on both coasts and points between. Due to this varied direct experience, All Reverse Mortgage® is well positioned to be able to assist borrowers with all specific needs associated with the reverse mortgage program.
Colorado Reverse Mortgage Facts
|State||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in Colorado||Avg. Home Value|
HUD Approved Direct Lender
All Reverse Mortgage® is approved with the Department of Housing and Urban Development (HUD) to originate, underwrite and close the HUD Home Equity Conversion Mortgage (HECM, or "Heck-um"). The HECM is HUD's acronym for their reverse mortgage loan.
All Reverse Mortgage® originates in Colorado and closes both refinance loans, where borrowers already own their home and are looking to either pay off their existing loan and have no more monthly mortgage payment, utilize their equity for other purposes if they have no existing loan, or possibly a combination of both
About All Reverse Mortgage®
The owners and management of All Reverse were part of the team that wrote and sold the first fixed rate jumbo reverse mortgage in 2008 and as such, have extensive experience in jumbo or proprietary loan programs as well. We are always looking for new products to offer to borrowers of high valued homes in the higher home priced markets that the HUD HECM may just not serve as well. Jumbo or proprietary programs typically offer lower Principal Limits as they relate to home values, though, so not all borrowers are best served with the jumbo programs available.
A seasoned originator can readily inform borrowers which program will best suit their needs and the positives and negatives of each so that the borrower can make an informed decision. It is no longer uncommon anywhere in the country for a market to be a solid HUD HECM market and then within just a short distance for a niche jumbo market to be located where there is a need for a jumbo program.
Therefore, homeowners aged 62 and above in all markets have seen that the reverse mortgage can be a very solid financial tool and many are now seeking the reverse mortgage to augment their retirement plans and not so much the mortgage of last resort. Everything from the elimination of existing mortgage payments to the line of credit that grows make reverse mortgage borrowers understand that this program allows them to utilize their homes to not only live comfortably in their family home, but to plan for the future as well.
Colorado Lending Limits
The state of Colorado is arguably known for two things, mountains and marijuana. The mountains of Colorado are diverse, ranging from alpine mountains to deserts with huge sand dunes, deep canyons, sandstone and granite rock formations. In addition, there are numerous rivers, lakes and forests. Colorado is also home to the Continental Divide that extends along the crest of the Rocky Mountains.
The state is ranked the 21st largest in population in the country. The population of Colorado was 5,540,545 as of 2016 and 413,391 of its residents are homeowners over the age of 62. For nature lovers looking for a laid-back lifestyle either in a metro area or in the mountains, Colorado could be an ideal place to retire.
The Centennial State is also known for its marijuana tourism since it was the first state in the country to legalize the medicinal, industrial and recreational use of marijuana in 2000, 2013 and 2014, respectively. In 2015 alone, Colorado’s marijuana industry sold $996.2 million of the product and has collected more than $135 million in taxes and license fees relating to marijuana sales.
Though the state has been seeing an influx of residents, the median home value is $322,300, which is below the maximum federal lending limit for the HECM reverse mortgage program.
Much of Colorado is mountainous and rural, but the largest cities are Denver, Colorado Springs, Aurora, Fort Collins and Lakewood.
If you reside in Colorado, All Reverse Mortgage® is here to answer your questions. Call Toll Free (800) 565-1722 – Or try ARLO™ our revolutionary reverse mortgage calculator that offers side-by-side program comparisons, real-time interest rates and expert recommendations.
Other Areas of Interest in Colorado
Colorado Approved Reverse Mortgage Counseling Agencies
|Agency Name||Phone||Website||Agency ID||Languages|
|CITY OF AURORA COMMUNITY DEVELOPMENT DIVISION||303-739-7914||auroragov.org||81141||English
|BOULDER COUNTY HOUSING AUTHORITY||720-564-2279||www.bouldercountyhc.org||80210||English
|NORTHEAST DENVER HOUSING CENTER||303-377-3334-229||www.nedenverhousing.org||80213||English
|HOUSING SOLUTIONS FOR THE SOUTHWEST||970-259-1086||www.greenpath.org||80708||English
|GREENPATH FINANCIAL WELLNESS||888-860-4167||www.greenpath.org||84244||English
|NEIGHBOR TO NEIGHBOR||970-488-2382||www.n2n.org||80706||English|
|DOUGLAS COUNTY HOUSING PARTNERSHIPfirstname.lastname@example.org||84681||English|
Did you know? Colorado state does not mandate in-person counsleing. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.
Our Exclusive Programs Designed to Fit Your Needs.
All Reverse Mortgage© has consistently brought exclusive offers to our valued Colorado homeowners. Because of our unique process we're able to offer a better federally-insured reverse mortgage with no compromise.
Take a look at some of our program benefits that you won't find elsewhere:
|Exclusive 4.25% (5.95% APR) Fixed Rate for Life|
|Government Insured & Jumbo Proprietary Programs|
|Flexible Credit Lines from 2.98% with the Industries Lowest Lifetime Rate Exposure|
|ZERO Origination Fee Plans|
|ZERO Financed Closing Cost Plans|
|ZERO Monthly Servicing Fees on ALL programs|
How can we offer you more favorable terms?We are a direct lender approved by FHA (Federal Housing Administration) The HECM is literally all we do. All Reverse Mortgage is not just a name for us. We have a very low (almost non-existent) staff turnover and our people are experts. We don't work with Brokers, allowing us to pass the savings on to you. We don't hire "celebrity" spokespersons as we don't believe you should have to pay for a lender's expensive marketing budget with higher loan costs. We Charge Less! Check out our competition and our customer ratings. We never forget that this loan is about you and your needs and we put you first with superior service and lower costs.
All Reverse vs. the others
HUD approved direct lender.
Working with a local Colorado lender saves you time and money.
As an award-winning direct lender our goal remains simple; to offer you the very best terms accompanied by extraordinary customer service.
What Our Customers Are Saying
|"There was no car salesman type of protracted negotiation. All reverse got right down to a good quote without a series of incremental steps."|
|"I was surprised how easy it was to deal with an out of state company. Actually it was much easier than my previous dealings with local banks and brokers"|
|"It is a wonderful feeling to have no mortgage and extra cash in our pocket. We are very happy."|
|"Thank you to All Reverse for handling everything in an efficient and smooth way. Thoroughly appreciate everything you have done to make things easy for me."|
|"This was the smoothest mortgage process I have ever experienced! And so fast!"|