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REVERSE MORTGAGE LENDER IN DENVER, CO

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If you’re 62 or older, own your home in Denver, and want to tap into the equity you’ve built without giving up the keys, a reverse mortgage might be worth a closer look. With rising property values in Colorado, reverse mortgages—also known as home equity conversion loans are helping more seniors stay in their homes while improving their financial flexibility. Mortgage Maestro Group helps Denver homeowners explore their options with transparency, smart planning, and local insight

What Is a Reverse Mortgage and How Does It Work?

A reverse mortgage allows homeowners to use their built-up equity without selling their home or making monthly mortgage payments. Instead of paying the lender, the lender pays you either as a lump sum, a monthly payment, or a line of credit.

The loan doesn’t need to be repaid until you sell the home, move out (for example, into a retirement community), or pass away. At that point, the home is typically sold and the lender is repaid from the proceeds covering the loan amount, interest, and other finance charges. If there’s any remaining equity, it goes to you or your estate.

You still own your home, keep the title, and are responsible for property taxes, insurance, and maintenance. Thanks to FHA rules, you’ll never owe more than the home is worth, even if the loan balance exceeds market value.

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Why Denver Homeowners Are Using Reverse Mortgages

  • Supplement Retirement Income: Use your equity to help cover everyday expenses or plan ahead.
  • Stay in Your Home: No need to downsize or move out of the neighborhood you love.
  • No Monthly Mortgage Payments: More breathing room in your budget.
  • Flexible Payment Options: Lump sum, monthly payments, or line of credit. Choose what fits best.
  • FHA-Insured & Non-Recourse: You or your heirs never owe more than the home’s value.
  • Keep Ownership: As long as you meet loan terms like taxes and insurance, the home is yours.
  • Not Taxable & Won’t Affect Benefits: Reverse mortgage funds are considered loan proceeds, not income. So they don’t impact your Social Security or Medicare.

Who Qualifies in Colorado?

To qualify for a reverse mortgage in Denver:

  • You must be 62 or older.
  • The home must be your primary residence.
  • You should have significant equity, often 50% or more.
  • Property types include single-family homes, certain condos, or up to 4-unit properties (if you live in one unit).
  • You must stay current on property taxes, homeowner’s insurance, and basic maintenance.
  • A HUD-approved counseling session is required before moving forward.

 

Reverse mortgages are especially helpful for retired homeowners or those on a fixed income who want to stretch their resources. Colorado offers added borrower protections, like a 3-day cancellation window and no prepayment penalties.

Which Reverse Mortgage Is Right for You?

HECM (Home Equity Conversion Mortgage)

The FHA insures the standard option.

Jumbo Reverse Mortgage
Designed for homes that exceed FHA lending limits, ideal in higher-value Denver neighborhoods.
HECM for Purchase
You can use a reverse mortgage to buy a new primary residence in Denver. This is a good fit if you’re downsizing or relocating.
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Why Work with Mortgage Maestro?

  • Deep Denver Expertise: We know the local housing market and lending landscape.
  • Client-First Approach: We’re here to educate, not push. If it’s not a fit, we’ll tell you.
  • Top 2% Mortgage Broker Nationwide: Recognized for top-tier service and integrity.
  • Bilingual Support: Hablamos Español. Proudly serving Denver’s diverse communities.
  • Convenient Meeting Options: Virtual, in-office, or in-home—we’ll meet you where you are.

 

We believe in making things simple and transparent so you feel confident every step of the way.

Frequently Asked Questions

Yes. You remain the owner. The lender places a lien, just like a traditional mortgage.

It depends on your age, home value, and loan balance. Reach out for a personalized quote.

The loan becomes due. Your heirs can choose to repay the loan or sell the home. You or your estate are never responsible for paying more than the home’s market value.

No. The money you receive is not taxable income and typically does not affect Social Security or Medicare benefits.

Only if loan terms aren’t met (like paying property taxes or keeping the home in good shape). We help you stay on track so that doesn’t happen.

Start Your Reverse Mortgage Conversation Today

Reverse mortgages aren’t a one-size-fits-all solution. But for many Denver homeowners, they’re a powerful way to turn home equity into peace of mind.

Want to see if it’s right for you? Call Mortgage Maestro Group at 303.779.0591 or Schedule Your Free Consultation.

Let’s make your home equity work smarter for you.