Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Colorado before hiring.
Showing 4 reverse mortgage specialists in Edwards, CO
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
SecurityNational Mortgage Company
27 Main St Ste C-104B, Edwards, CO 81632
9703312919
Bonnie Marlette - SecurityNational Mortgage Company Loan Officer
27 Main St Ste C-104B, Edwards, CO 81632
9703312919
Cris Nelson at Rate (NMLS #368366)
105 Edwards Village Blvd C209, Edwards, CO 81632
9709265289
Jeff Koch Mortgage Broker
27 Main St #103, Edwards, CO 81632
9709262456
What Does a Reverse Mortgage Specialist in Edwards Cost?
Typical costs for a reverse mortgage in Colorado include an origination fee of up to 2 percent of the home value a mortgage insurance premium of 2 percent of the appraised value and third-party costs like appraisal and title fees. Total closing costs often range from 3000 to 8000 dollars depending on the home value and loan type. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the age requirements for a reverse mortgage in Edwards Colorado?
You must be at least 62 years old to qualify for a reverse mortgage in Colorado. All borrowers listed on the title must meet this age requirement. The home must also be your primary residence.
Is counseling required for a reverse mortgage in Colorado?
Yes Colorado law mandates that all reverse mortgage borrowers complete a HUD-approved counseling session before applying. This session covers loan terms costs and alternatives. The counselor must be independent from the lender.
Can I lose my home with a reverse mortgage in Edwards?
You can lose your home if you fail to pay property taxes homeowners insurance or maintain the property. Colorado law requires lenders to verify your ability to meet these obligations. You must also continue living in the home as your primary residence.