Denver Reverse Mortgage Lenders
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 14 states states nationwide, including Denver, CO. 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 Denver 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.
Denver Reverse Mortgage Facts
||Homeowners Age 62+
||Reverse Mortgages Closed Last 12 Months
||Purchase Reverse Mortgages Closed Last 12 Months
||Lenders in Denver (est)
||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 Denver 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 Mortgage® 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 well. Jumbo or proprietary
programs typically offer much lower Principal Limits as they relate to values, so not all borrowers are better served with the jumbo programs.
Only 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 as a mortgage of last resort. Everything from the elimination of the
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.
Denver Lending Limits
The Mile-High City and capital of Colorado, Denver is exactly one mile above sea level, which makes it the highest major city in the country.
The population of Denver is 682,545 and 69,215 of its residents are homeowners 62 and older.
In 2016, the city was named the best place to live in America by U.S. News & World Report, so it’s no wonder that housing prices have increased
by 9.7% in the last year.
Currently the median home value in Denver is $373,600, which is below the national reverse mortgage lending limit.
In the next year, prices are anticipated to rise 3%.
Chances are, if you live in Denver and have lived there for a while, your home could have appreciated significantly in recent years.
The economy in Denver is booming due to the influx of business from the marijuana industry as well as the beer industry.
Denver hosts an annual Great American Beer Festival every fall in addition to being home to numerous small breweries. Larger breweries
such as Coors and New Belgium Brewing Company are just a short distance from the city.
The city is also keen on its sports even though it’s the smallest metropolitan area to have a team in all four major sports. Denver is home to
the Colorado Rockies MLB team, the Denver Broncos NFL team, the Denver Nuggets NBA team and the Colorado Avalanche NHL team.
If you reside in Denver or are planning to move there, All Reverse Mortgage is here to answer your questions.
Access our online reverse mortgage calculator to
estimate your reverse mortgage loan amount or call us Toll Free (800) 565-1722.
Top 3 Colorado Lender Resource Links:
Top 10 Lender Reviews & Ratings: https://reverse.mortgage/best-reverse-mortgage-lenders
Reversemortgage.org NRMLA Members in Colorado: https://www.reversemortgage.org/Find-a-Lender/state/CO
HUD.GOV Approved Lenders in Colorado for HECM Loan