Reverse Mortgages
Our Services
Our reverse mortgage program can provide older residents with much-needed financial security. Your regular mortgage payments can be eliminated, while you receive payments from the lender on the equity of your home. You can continue living in your home while collecting payments and are not required to repay the mortgage until you leave the home.
This guide well help you learn the requirements for a reverse mortgage, how they can benefit you, and whether a reverse mortgage is the right solution for you.
What is a Reverse Mortgage?
Structured for seniors age 62 and up, a reverse mortgage on your property allows you to receive payments from a lender on the equity of your home. Those seeking funds for the expenses that can incur with age can take advantage of reverse mortgage rates and use the value of your property now, only to be paid back after you sell or leave the home, or the homeowner passes away.
Reverse mortgages are an incredible tool for supplementing income. There are very specific qualifications for people who qualify for the reverse mortgages solutions offered by US Mortgages. Learn more about the eligibility requirements for reverse mortgages and the kinds of reverse mortgages we have available.
FHA Reverse Mortgages in Colorado are extremely popular and have been since the inception of the HECM (Home Equity Conversion Mortgage) Program. The HECM is the most popular reverse loan program in Colorado. With a HECM reverse mortgage, you have several options to choose from including fixed rates, adjustable rates and purchase reverse mortgages.
Our Reverse Mortgage Services
With a reverse mortgage, you do not risk losing your home. So long as property taxes and homeowner's insurance continues to be paid, your home cannot be taken from you.
Reverse mortgages allow homeowners to convert the equity they've put into their primary residence into supplemental income. In Colorado, reverse mortgage lenders pay homeowners one of two ways during the term of a reverse mortgage rate: a lump sum or a monthly mortgage payment. Frequently reverse mortgages are used to supplement the income of aging adults who have a fixed income for a variety of reasons. Our brokers can provide a comprehensive reverse mortgage information dissection to insure you have a full understanding of the program.
Jumbo reverse mortgage loans are targeted at new homeowners with homes valued upwards of $600,000. These loans come with some essential key features that make them stand out, providing more alternatives and borrowing power for homeowners with high-valued properties.
How to Get Started
Are you interested in taking the next step towards a reverse mortgage by speaking with brokers? Feel free to give us your contact information on our website and we'll get back to you as soon as we can. We also welcome you to give us a call at our office to learn more about reverse mortgages, their rates, and if they're right for you and your family.
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Hear why Colorado homeowners talk to US Mortgages first!
My husband and I are extremely pleased with our experience with US Mortgage and especially the assistance we received from Zachary Gloyd.
Heidi was - #1 Professional, she answered every question I had and when we were done, she asked if there was anything else I could think of. #2 she followed several times during the process to see if I needed anything or if anything else had come up. #3 she would randomly check in to make sure everything was in order and help me with any documents that they needed to close.
It was just an awesome experience!!
Heidi and her team were terrific to work with. The communication was exceptional. Every step of the way went exactly as she said it would. There was no hard sell, Heidi laid out what they could do for us and our mortgage options in a straightforward manor. I would not hesitate to use the company again and will recommend her to anyone needing a mortgage.
I had a great experience with US Mortgages. I got a great rate and considering the difficult times we are in the process was pain free.
David McKune and Debbie Johnson did a wonderful job with my loan. David may have played in instrumental part in my actually getting the bid on my house accepted in the first place.
We worked with Heidi to refinance our home. She was easy to work with, responded to all our questions in a timely manner, and kept us well informed during the process. Best of all there were no surprises.
I have had the pleasure of working with Marcy 3 times over the past 6 years to address my mortgage needs, and I couldn't be more impressed with her expertise and professionalism. Thanks to her hard work and dedication I was able to secure exactly what I needed to achieve my mortgage goals. I highly recommend Marcy to anyone seeking outstanding service and results!
The entire process from beginning to end was smooth. The team is very knowledgeable, professional and efficient. Thank you US Mortgages and team.
I queried 4 lenders before deciding on US Mortgages for my refinance. The process from initial contact to funding of my new loan was completed in 2 1/2 weeks!
US Mortgages receives a full five stars from our family! David McKune and Debbie Johnson are rock stars in the Mortgage world. They both provided exemplary customer service.
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