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 Johnstown, 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.
Edge Mortgage, Inc.
2016 Overland Dr, Johnstown, CO 80534
9707440000
Amy Roe - Bank of Colorado Mortgage
4848 Thompson Pkwy #100, Johnstown, CO 80534
9704022606
Integrity Home Loans Inc.
434 Grange Ln, Johnstown, CO 80534
7203176268
U.S. Bank-Cindy Wallace-Mortgage Loan Officer
U.S. Bank Area Served, Johnstown, CO 80534
9704393169
What Does a Reverse Mortgage Specialist in Johnstown Cost?
Typical costs for a reverse mortgage in Colorado include an origination fee up to 2 percent of the home value capped at 6000 dollars, a mortgage insurance premium of 2 percent of the appraised value, and third-party fees for appraisal title and recording ranging from 1000 to 3000 dollars. Annual servicing fees are usually 30 to 50 dollars per month. These costs can be financed into the loan. Note that 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 eligibility requirements for a reverse mortgage in Johnstown Colorado?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be the primary residence and meet HUD property standards. Colorado law also requires a financial assessment to ensure the borrower can pay property taxes and insurance.
How does a reverse mortgage affect my heirs in Colorado?
Heirs can repay the loan by selling the home or refinancing. If the loan balance exceeds the home value, heirs are not required to pay more than the home is worth. Colorado follows federal rules that protect heirs from deficiency judgments.