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Composing memories since 2002 • Veteran‑owned, independent broker • Licensed in CO, CA, FL, WY, TX • Proudly 5‑star Google reviews
How to Buy 16th Street Mall with a Reverse Mortgage (HECM) 😊
What if you scooped up 16th Street Mall for a cool $9,999,999,999 just to stress‑test your math? With the right terms, you’d chunk payments into friendly, predictable bites—proof that structure matters. In real life, we tailor the strategy so your budget feels just as calm.
Also known as: HECM Reverse Mortgage, HECM for Purchase, Adjustable-rate HECM
Same idea, different label. You may hear these names from agents, lenders, or friends. We’ll translate every acronym—FHA, VA, DSCR, HELOC—so decisions stay simple.
Why This Might Be the Loan You’ve Been Looking For
High rates, confusing options, mixed advice—sound familiar? As a veteran‑owned, independent broker, we put your bottom line first by shopping multiple lenders and explaining the “why” behind each option.
- Transparent advice, no surprises—just honest numbers.
- Personalized strategies for first‑time buyers, veterans, self‑employed, and investors.
- Local expertise in Denver–Aurora–Lakewood with neighborhood insight across LoHi, Wash Park, Cherry Creek.
What Is a Reverse Mortgage (HECM)?
Definition & Mechanics
A Reverse Mortgage (HECM) balances rate, term, and flexibility. Whether you want the lowest monthly payment, fastest payoff, or long‑term stability, we align the plan with your goals and the latest underwriting guidelines.
| Feature | 15-Year | 30-Year |
|---|---|---|
| Monthly payment | Higher | Lower |
| Total interest | Lower | Higher |
| Equity build | Faster | Slower |
| Best for | Aggressive payoff | Max cashflow |
Pros
- Personalized strategy and transparent advice
- Access to multiple lenders for competitive pricing
- Veteran-owned team known for communication and care
- Education-first approach with tools and resources
Cons
- Closing costs and terms vary by program and profile
- Certain products have stricter documentation needs
- Rates and eligibility depend on market and credit factors
Local context: In Denver and Denver County, property type, down payment, and documentation can affect terms. Typical Denver home prices often range $500k–$700k depending on neighborhood.
Quick checklist to choose wisely:
- Set a comfortable monthly payment target.
- Decide how long you expect to keep this reverse mortgage (hecm).
- Compare total interest over time, not just rate.
- Ask about points, credits, and refinance paths when rates move.
How to buy Denver Botanic Gardens with a VA Purchase Loan
Estimated price: $8,888,888,888. Challenge: parking, pretzels, and payments. Solution: scale the term, consider points, and plan a refinance window if rates drop. Neighbors in LoHi and Wash Park will ask for your playbook.
Eligibility & Requirements
- Pre‑approval with income, asset, and credit review
- Debt‑to‑income and reserve requirements per program (FHA, VA, Conventional, Jumbo, Non‑QM)
- Appraisal and title review; condo warrantability where applicable
- Extra considerations for self‑employed, cannabis industry, or DSCR investors
Benefits & Features
Save on Interest
Attack interest with the right term, points strategy, and a refinance plan if conditions improve.
Build Equity
Pair payment comfort with equity growth—use our build‑wealth report to see long‑term impact.
Payment Predictability
Choose stability for household budgeting, or flexibility with hybrid options when it fits your plans.
Ask about CHFA assistance, grants, or city programs, and see whether stacking benefits helps your scenario.
Step-by-Step Application Process
- Schedule a free consultation or call 303.779.0591.
- Get pre‑approved—upload documents in our secure portal.
- Compare loan options with transparent numbers and advice.
- Lock your rate and finalize disclosures.
- Processing & underwriting with proactive updates.
- Close and celebrate—then lean on us post‑closing for refinances, HELOCs, or wealth‑building moves.
Prefer Spanish? Hablamos Español.
Local Rates, Incentives & Partners
| Typical Closing Timeline | 21–30 days with a complete file |
| Colorado Assistance | CHFA programs may assist with down payment/closing costs |
| Neighborhood Focus | LoHi, Wash Park, Cherry Creek, Central Park, Capitol Hill |
| Helpful Tools | Calculator • Home valuation • Build wealth |
Explore more:
What Our Clients Love
“Expert guidance and zero stress. They communicated every step.”
“As a veteran, the VA loan advice was outstanding. Closed on time with a great plan.”
FAQs
What is a Reverse Mortgage?
A Reverse Mortgage is a home loan option tailored to your goals—structured for clarity on payment, term, and total cost. Common variations include HECM Reverse Mortgage, HECM for Purchase, Adjustable-rate HECM.
Who is a Reverse Mortgage best for?
First-time buyers, move‑up buyers, veterans, self‑employed clients, and investors who want a transparent plan.
How do I qualify for a Reverse Mortgage?
Start with pre‑approval. We’ll review income, assets, credit, and goals, then map a path to approval.
How fast can I close?
With a complete file, many clients close in 21–30 days. Communication is our superpower.
Are there Colorado programs I can stack?
Yes—CHFA and city programs may assist with down payment or closing costs in Denver County. Explore CHFA.
What are today’s rates?
Rates change daily—get a no‑pressure quote and we’ll show your personalized options.
Ready to get pre‑approved for a Reverse Mortgage (HECM)?
Speak with our team—led by Navy veteran Ray Williams—for a clear path forward. The dream of owning a home never gets old.
Related Articles & Next Steps
- Refinance strategies when rates drop
- Debt consolidation using home equity
- Truths about mortgages every buyer should know
More resources:
- Explore loan options
- Use the mortgage calculator
- Get a home valuation estimate
- See your build‑wealth report
- Debt consolidation with equity
- Frequently asked questions
- Meet the team
- Latest tips on our blog
