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Compare Reverse Mortgage Specialists in Wheat Ridge, CO
Looking for a reverse mortgage specialist in Wheat Ridge? Review the directory below to compare your options.
2 agents listed
Updated May 2026
Wheat Ridge, CO
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 2 reverse mortgage specialists in Wheat Ridge, 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.
BV Mortgage
8 Morningside Dr, Wheat Ridge, CO 80215
7208351784
Josh Lemos - The Lemos Group
11826 W 39th Pl, Wheat Ridge, CO 80033
9496770057
A reverse mortgage specialist in Wheat Ridge, Colorado helps homeowners aged 62 and older convert part of their home equity into tax-free funds. Colorado law requires borrowers to complete HUD-approved counseling before obtaining a Home Equity Conversion Mortgage (HECM). These specialists guide clients through the process, ensuring compliance with state and federal rules while explaining how the loan affects property taxes and estate planning.
What Does a Reverse Mortgage Specialist in Wheat Ridge Cost?
Typical costs for a reverse mortgage in Colorado include an origination fee (up to $6,000), a mortgage insurance premium (2% of the home value upfront plus 0.5% annually), appraisal fees ($400 to $800), and closing costs ($1,500 to $3,000). Total costs often range from $8,000 to $15,000 but vary by loan amount and property value. 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 Wheat Ridge Colorado?
Borrowers must be at least 62 years old. If there are multiple borrowers, the youngest borrower must meet this age requirement. This rule applies to all HECM loans in Colorado.
Do I need to own my home free and clear to get a reverse mortgage in Wheat Ridge?
No, you do not need to own your home free and clear. However, you must have significant equity in the property. Any existing mortgage or liens will be paid off with the reverse mortgage proceeds.
Are reverse mortgage proceeds taxable in Colorado?
No, reverse mortgage proceeds are not considered taxable income by the IRS or the state of Colorado. They are treated as a loan advance, not income. However, interest on the loan is not deductible until the loan is repaid.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Colorado.