Find Reverse Mortgage Specialists in Greeley, CO
Looking for a reverse mortgage specialist in Greeley? Review the directory below to compare your options.
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
State Mortgage Licensing Authority of Colorado before hiring.
Showing 13 reverse mortgage specialists in Greeley, 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.
A reverse mortgage specialist in Greeley Colorado helps homeowners aged 62 and older convert home equity into loan proceeds. Colorado law requires that borrowers receive HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). Local specialists can guide you through the unique property tax deferral programs and homestead exemptions available in Colorado.
What Does a Reverse Mortgage Specialist in Greeley Cost?
Typical costs for a reverse mortgage specialist in Colorado include an origination fee of up to 2 percent of the home value with a cap of 6000 dollars. Other costs include a mortgage insurance premium of 2 percent of the appraised value and third-party fees for appraisal title and recording which can range from 2000 to 5000 dollars. Costs vary by case and loan type. This is general information 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 Greeley Colorado?
You must be at least 62 years old to qualify for a HECM reverse mortgage in Colorado. All borrowers listed on the title must meet this age requirement. The home must be your primary residence in Weld County.
Do I need counseling before getting a reverse mortgage in Colorado?
Yes Colorado law requires that you receive independent counseling from a HUD-approved agency before you can apply for a reverse mortgage. This counseling must be completed before the loan application is submitted. The counselor will explain the costs and obligations of the loan.
What property types qualify for a reverse mortgage in Greeley?
Single-family homes, FHA-approved condominiums, and townhomes in Greeley typically qualify. Manufactured homes may qualify if they meet HUD requirements and are on a permanent foundation. The property must be your primary residence.