Colorado Reverse Mortgage Guide

If you are a Colorado homeowner age 62 or older, a reverse mortgage could be a game-changing financial tool to enhance your retirement. This unique loan lets you tap into your home equity and convert it into cash – all without selling your home or making monthly mortgage payments. As a Certified Reverse Mortgage Professional (CRMP) based in Colorado, Kevin Guttman provides expert guidance to help you decide if a reverse mortgage is right for your needs. Keep reading to learn the ins and outs of reverse mortgages in Colorado, their benefits, eligibility requirements, and how CRMP Kevin Guttman can help you navigate the process.

Key Takeaways

  • Available to Seniors 62+ – Colorado reverse mortgages are designed for homeowners age 62 or above who live in their home as a primary residence (vacation or investment properties aren’t eligible).
  • No Monthly Mortgage Payments – Borrowers do not have to make monthly mortgage payments on a reverse mortgage. The loan is typically repaid when you sell the home or permanently move out, allowing you to improve cash flow in retirement.
  • Flexible Tax-Free Payouts – You can receive reverse mortgage funds as a lump sum, monthly payments, a line of credit, or a combination. The money is generally tax-free since it’s loan proceeds, giving you freedom to use it for any purpose.
  • Work with a Local CRMP Expert – Kevin Guttman, CRMP offers free one-on-one consultations for Colorado seniors. With 15+ years of experience, Kevin provides personalized insight and trusted advice to help you explore your reverse mortgage options with confidence.

Understanding Colorado Reverse Mortgages

A reverse mortgage (often a Home Equity Conversion Mortgage, or HECM) is a special type of home loan for seniors that allows you to convert a portion of your home’s equity into cash. Unlike a traditional mortgage, you don’t have to make monthly payments to the lender. Instead, the lender pays you – either in a lump sum or through ongoing disbursements – using your home’s equity. Any existing mortgage is paid off first using the reverse mortgage funds, and the remaining equity is available to you. You remain the owner on title of your home throughout the process, so you can continue living in your house for as long as you wish, provided you meet basic loan obligations like paying property taxes and insurance. There are no restrictions on how you use the money from a reverse mortgage; it’s your cash to use for living expenses, medical bills, home improvements, travel, or any other needs. The program also offers flexibility in how you receive funds – you can take a lump sum, set up monthly income, establish a line of credit for future use, or any combination of these options, tailoring the loan to suit your retirement strategy.

How and when is the loan repaid? A reverse mortgage does not require repayment until the loan ends. The loan becomes due when you sell the home, move out permanently, or pass away, at which point the house is typically sold and part of the proceeds are used to pay off the loan balance. Importantly, reverse mortgages are “non-recourse” loans, meaning you (or your heirs) can never owe more than the home’s value at the time it’s sold. Even if the loan balance ends up higher than your home’s sale price, you or your estate won’t be personally liable for the difference – the FHA insurance covers any shortfall. If your home sells for more than what’s owed, the remaining equity goes to you or your heirs. Reverse mortgages are insured by the Federal Housing Administration (FHA) and regulated by the U.S. Department of Housing and Urban Development (HUD), which provides several consumer safeguards such as mandatory counseling and strict lending guidelines. In short, a Colorado reverse mortgage offers a safe, government-backed way for seniors to access home equity while continuing to live in their homes.

Benefits of Reverse Mortgages

Reverse mortgages come with a number of advantages for eligible Colorado homeowners. Here are some of the key benefits:

Supplementing Retirement Income

One of the biggest perks of a reverse mortgage is its potential to bolster your retirement income. Many Colorado seniors find that Social Security or savings alone may not cover all their expenses in retirement. By unlocking some of your home equity through a reverse mortgage, you create an additional cash flow source. The funds can be used for anything – to pay monthly bills, cover medical and long-term care costs, make home modifications, travel, or simply to have a financial cushion during your golden years. This extra income can greatly improve your quality of life without requiring you to dip into other investments or sell your home.

No Monthly Mortgage Payments

Unlike a traditional home loan, a reverse mortgage eliminates the requirement for monthly mortgage payments. This can relieve a significant financial burden, especially for retirees on a fixed income. Instead of paying the bank every month, no payment is due until the loan ends. This means you get to stay in your home payment-free (aside from taxes, insurance, and upkeep) while enjoying the equity you’ve built. Freeing yourself from a monthly mortgage payment can improve your cash flow and budget flexibility. (Keep in mind, you must continue to pay property taxes and homeowner’s insurance and maintain the home; failing to do so can lead to loan default.) Overall, not having to write that mortgage check each month is a major advantage for many reverse mortgage borrowers, allowing you to use your money for other needs.

Flexible Disbursement Options

Flexibility is a hallmark of reverse mortgages. You have control over how you receive the money from your equity. For example, you can choose a one-time lump sum payout at closing – useful if you have a specific expense like paying off debt or a major purchase. Alternatively, you can set up monthly payments (tenure or term payments) to act like extra retirement income deposited to your account each month. Another popular option is a line of credit, which lets you draw cash as needed (and the unused credit line can grow over time). You can even do a combination of these – for instance, take part of the money upfront and leave the rest in a line of credit for future use. This versatile range of disbursement options means you can tailor the reverse mortgage to fit your financial goals. Whether you need steady supplemental income or just want a safety net for unexpected expenses, the reverse mortgage can accommodate your plans.

Stay in Your Home (Retain Ownership)

With a reverse mortgage, you continue to own and live in your home just as you do now. The bank does not take your home – it’s not a sale or transfer of ownership. You retain the title, and as long as you uphold the loan obligations (such as paying taxes, insurance, and maintaining the property), you can stay in your home for life or as long as you wish. This benefit is crucial for those who want to age in place in the comfort of their community and home. You won’t be asked to move out or give up your house because of the reverse mortgage. It simply becomes a lien on the property, like any mortgage, which will be paid off once you decide to sell or upon your estate settling the loan. For many Colorado seniors, the ability to remain in the familiar surroundings of home while still accessing their equity is the best of both worlds.

Tax-Free Proceeds

The money you receive from a reverse mortgage is generally tax-free, which is a significant benefit. Reverse mortgage funds are not considered income but rather loan proceeds, so they are not subject to income tax in most cases. Unlike withdrawing from a 401(k) or other retirement account, you won’t owe income taxes on the cash taken from your home equity. Additionally, because it’s not counted as regular income, it typically does not affect Social Security or Medicare benefits. This tax-free status means you can use the money freely without worrying about an extra tax bill. (Always consult a tax professional for personal advice, but the IRS confirms that reverse mortgage payments aren’t taxable income.) In short, a reverse mortgage can provide you with tax-advantaged cash flow in retirement.

Colorado Reverse Mortgage Types

There are a few different types of reverse mortgage products available to Colorado homeowners. Each is designed to serve specific needs or situations:

HECM (Home Equity Conversion Mortgage)

The HECM is the most common type of reverse mortgage, accounting for the majority of reverse loans in Colorado and nationwide. HECMs are federally insured by the FHA and offered by FHA-approved lenders according to HUD’s guidelines. They are available to homeowners 62 or older and provide robust consumer protections (such as the non-recourse guarantee and required counseling). With a HECM, the amount you can borrow is based on factors like your age, current interest rates, and your home’s appraised value – but it cannot exceed the FHA lending limit for reverse mortgages. As of 2025, the national HECM lending limit is $1,209,750. This means if your home is worth more than that, the calculable equity for a HECM is capped at that limit. Within that limit, older borrowers and those with lower existing mortgage balances generally qualify for more funds. HECM loans are very flexible – you can use the money for any purpose, and you have the choice of lump sum, line of credit, or monthly payouts as discussed. Because they are insured and regulated, HECMs tend to have standardized fees and interest rates. For most senior homeowners, the HECM is the go-to reverse mortgage option to consider.

Jumbo Reverse Mortgages

If you own a higher-valued home in Colorado, a Jumbo reverse mortgage (also known as a proprietary reverse mortgage) might be available to you. Jumbo reverse mortgages are private loans offered by certain lenders for properties that exceed the FHA’s HECM lending limit. In other words, if your home value is well above ~$1.2 million, a HECM might not let you tap all that equity – but a Jumbo loan could. These loans are not FHA-insured, but they follow a similar concept of no monthly payments and payout from home equity. Lenders each have their own proprietary terms for Jumbo reverses; for example, some programs allow loan amounts up to $4 million or more for very high-value homes. Jumbo reverse mortgages can be a good solution for wealthy homeowners or those with high-dollar properties who want to access a larger portion of their equity than a HECM would provide. The trade-offs are that fees or interest rates might be different (sometimes higher) and consumer protections may not be exactly the same as the HECM program (though reputable lenders still include key safeguards like non-recourse clauses). Kevin Guttman, as a reverse mortgage broker, can help identify if a Jumbo reverse mortgage is appropriate for your situation and shop various proprietary products to find a competitive option.

HECM for Purchase (Reverse Mortgage for Purchase)

A HECM for Purchase is a special reverse mortgage program that allows seniors to buy a new home using a reverse mortgage. In this scenario, instead of getting a reverse mortgage on your existing house, you use a reverse mortgage loan as part of the financing to purchase a new primary residence – for example, moving to a home closer to family or downsizing to a single-story house. Here’s how it works: you contribute a substantial down payment (often from the sale of your previous home or other savings), and the reverse mortgage covers the remaining cost of the new home. Because it’s a reverse mortgage, you won’t have monthly mortgage payments on the new property. Essentially, HECM for Purchase allows you to move into a home that better fits your retirement needs without taking on a new monthly payment. This can be a fantastic tool for seniors looking to relocate or right-size in Colorado. You must still meet the usual HECM requirements (age 62+, the new home must become your primary residence, and you need to complete counseling). The property purchased must also meet FHA property guidelines (it could be a single-family home, eligible condo, etc.). Many retirees use HECM for Purchase to move closer to family, transition to a more accessible home, or even upsize to a more expensive home than they could otherwise afford – using the reverse mortgage to make up the difference, then having no monthly payment. It’s an innovative option that combines a real estate transaction with the reverse mortgage benefits in one step.

Single-Purpose Reverse Mortgages

Single-purpose reverse mortgages are a less common variety of reverse mortgage, but they are worth mentioning. These are typically offered by certain state or local government agencies or nonprofit organizations, rather than traditional lenders, and can only be used for a specific, approved purpose. For example, a city or county might offer a single-purpose reverse mortgage program for home improvements, repairs, or property tax relief for senior homeowners. Generally, these loans come with low (or even no) interest and fees, making them affordable, but the catch is you can only use the money for that lender-approved purpose (like fixing a roof or paying back property taxes). Also, single-purpose programs are not available everywhere – they depend on local funding and initiatives. Colorado currently does not have a widely available state single-purpose reverse mortgage, but some nonprofits or local governments may have senior home repair loan programs that function similarly. If you do encounter a single-purpose reverse mortgage offering, be sure to understand the conditions. For those who qualify and have a specific financial need that fits the program, these can be helpful since they are usually low-cost. However, most homeowners who want a reverse mortgage for broader financial flexibility will opt for a HECM or proprietary product, as those allow you to use the funds for any purpose.

Colorado Reverse Mortgage Requirements

To be eligible for a reverse mortgage in Colorado, homeowners must meet several key requirements. Below is a rundown of the main criteria you’ll need to satisfy before obtaining a HECM (or other reverse mortgage loan):

  • Age Requirement: The borrower (or at least one of the borrowers, if co-owned) must be 62 years of age or older. Reverse mortgages are strictly for seniors. (If a spouse is under 62, special rules apply – the younger spouse can be listed as a non-borrowing spouse but won’t directly receive loan funds.)
  • Primary Residence: The home securing the reverse mortgage must be your primary residence – meaning you live there the majority of the year. Second homes, vacation properties, or investment rentals do not qualify. You also should intend to continue living in the home as your primary residence after getting the loan.
  • Home Equity: You should have significant equity in the home. There’s no set dollar amount, but generally at least around 50% equity (or more) is needed to make a reverse mortgage workable. The more equity you have, the more loan proceeds you can potentially receive. If you still have a regular mortgage balance, part of the reverse mortgage will go toward paying that off.
  • Property Condition: The home should be in good repair and meet basic safety standards. If the property has substantial deferred maintenance or repair issues, the lender may require those to be fixed (or set aside funds from the loan to fix them) before the reverse mortgage can close. Essentially, the property must meet FHA guidelines (for HECM loans) – similar to an appraisal for any mortgage.
  • Financial Obligations: Even though there are no mortgage payments, as a borrower you must keep up with property charges. This means you are required to pay your property taxes on time, maintain homeowner’s insurance, and cover any HOA dues or other required fees. You also must maintain the home (no severe neglect of upkeep). Failure to pay taxes/insurance or maintain the property can lead to default. Lenders may evaluate your income and credit to ensure you’re able to handle these ongoing obligations. In some cases, a portion of the loan funds might be set aside to pay taxes and insurance if there is a concern.
  • Eligible Property Types: Eligible properties in Colorado include single-family homes, 2- to 4-unit multi-family properties (as long as you occupy one unit as your primary home), FHA-approved condominiums, and certain manufactured homes that meet HUD’s requirements (e.g. built after June 1976 and on a permanent foundation). Most common owner-occupied homes will qualify, but very expensive homes might be limited by the HECM cap (as noted) unless using a jumbo reverse mortgage.
  • HUD-Approved Counseling: Before your reverse mortgage application can be processed, you are required to attend a counseling session with an independent, HUD-approved reverse mortgage counselor. This is a safeguard to make sure you fully understand the loan’s costs, terms, and alternatives. The counseling is typically about an hour, and you’ll receive a certificate upon completion that your lender will need. This step is mandatory for all HECM reverse mortgages – it’s for your protection and is usually done prior to submitting a formal application.

By meeting these requirements and completing the counseling, you’ll be on track to apply for a reverse mortgage. Kevin Guttman can help review your eligibility in detail and answer any questions about these criteria during your consultation.

Colorado Reverse Mortgage Rights and Protections

Reverse mortgages come with important borrower protections built into the program – at both the federal and state level. These safeguards are designed to make sure seniors are treated fairly and understand their rights and obligations. Here are some of the key protections for reverse mortgage borrowers in Colorado:

Non-Recourse Protection

As mentioned earlier, reverse mortgages are generally non-recourse loans. This protection means that you or your heirs will never owe more than the value of the home when the loan becomes due and the property is sold. If the housing market drops or the loan balance grows beyond the home’s sale price, you (or your estate) are not personally liable for that difference – the FHA insurance covers it in the case of HECM loans. This feature provides peace of mind that your other assets (like savings or other property) are not at risk; the lender’s only recourse to repay the loan is the home itself. Non-recourse is a critical consumer protection and is standard on virtually all reverse mortgages. It ensures that neither you nor your heirs will be saddled with a huge bill if the loan ends up underwater.

Right to Cancel (Rescission)

Reverse mortgages include a built-in “right of rescission” period. After you close on a HECM reverse mortgage, you have 3 business days to cancel the loan if you change your mind, for any reason. If you decide to exercise this right, you must notify the lender in writing within that three-day window, and the transaction will be voided without cost or penalty. Any fees you might have paid would be refunded. Beyond this formal rescission period, you also have the right to withdraw your application at any stage before closing if you are not comfortable proceeding. This freedom to back out helps ensure that borrowers don’t feel locked in if they have last-minute doubts or if something changes. Lenders must honor the rescission rule as required by federal law (Truth in Lending Act) – it’s a powerful consumer right to protect you from regret.

Mandatory Independent Counseling

The counseling requirement isn’t just a check-box for eligibility; it’s also a protection for borrowers. The counseling session with a HUD-approved counselor is designed to give you an impartial education about reverse mortgages. The counselor will review how the loan works, what it means for your finances and estate, and discuss possible alternatives (like other financial programs or downsizing) to ensure you’ve considered all options. They will also answer any questions you or your family might have. This session helps confirm that you’re making an informed decision free of pressure. Lenders are not allowed to influence the counseling – the counselor must be independent. Only after you complete counseling and get your certificate can the lender move forward with processing the loan. In Colorado, and everywhere in the U.S., counseling is required by HUD for all HECM loans, reinforcing ethical lending practices and borrower understanding.

Colorado-Specific Protections

Colorado has enacted its own statutes (Colorado Revised Statutes Title 11, Article 38) to govern reverse mortgages, which provide additional protections and clarify how reverse mortgages are handled in the state. Some of the Colorado-specific rules include the following:

  • No Prepayment Penalty: You are allowed to pay off your reverse mortgage early at any time without penalty. Whether you choose to refinance the loan, sell your home, or simply pay it down, the lender cannot charge a fee for early repayment.
  • No Reduction in Payments: If you receive monthly advances or term payments, those payments cannot be reduced due to interest rate changes. In other words, even if you have an adjustable-rate reverse mortgage and the rate goes up, the dollar amount of funds you receive cannot go down because of that rate change. (The change would instead affect the loan balance or how long your line of credit lasts, but your contracted payments are secure.)
  • Lender Default Penalties: The law also protects you if the lender fails to meet their obligations. For instance, if the lender does not provide the loan advances or funds as agreed in the contract, they lose the right to collect interest on those amounts and can be held liable for any damages resulting from their failure. This rule holds the lender accountable to uphold their end of the agreement, ensuring you receive the funds promised.

These provisions are part of Colorado’s reverse mortgage laws and work in tandem with federal regulations to make the reverse mortgage experience safe for consumers. They help ensure that borrowers can confidently enter into a reverse mortgage knowing their rights are protected. If you have specific questions about Colorado’s reverse mortgage laws or consumer protections, Kevin Guttman can provide clarity during your consultation, so you fully understand the safeguards in place.

Colorado Reverse Mortgage Calculator

If you’re curious how much money you could access with a reverse mortgage, a reverse mortgage calculator is a useful starting tool. By inputting some basic information – such as your age (and spouse’s age if applicable), your home’s estimated value, and the balance of any existing mortgage – a calculator can estimate the loan proceeds you might qualify for. The calculator applies the current interest rates and lending limits to give you a ballpark figure of your potential reverse mortgage principal limit (the total amount available). This can help you gauge whether a reverse mortgage might provide the funds you need.

Keep in mind, however, that calculator results are only estimates. Reverse mortgage calculations depend on precise formulas and up-to-date interest rates, which can change. The actual amount you can borrow will be determined by an official appraisal of your home and the rates in effect at the time of application, among other factors. For a more accurate and personalized assessment, it’s best to talk to a reverse mortgage professional. Kevin Guttman offers free personalized reverse mortgage quotes – after evaluating your specific situation, he can give you a clear picture of how much equity you could likely access and what the terms would be. This individualized quote will be more reliable than a generic online calculator. Feel free to use our Colorado reverse mortgage calculator tool as a starting point, but always follow up with an expert for the full details. Kevin can help crunch the numbers with you and explore scenarios (for example, how choosing a line of credit vs. lump sum might affect your long-term equity). Armed with that information, you can make an informed decision about whether to proceed.

Navigating the Reverse Mortgage Process in Colorado

Applying for and obtaining a reverse mortgage is a multi-step process. Kevin Guttman and his team will guide you through each phase, making the experience as smooth as possible. From start to finish, a reverse mortgage loan typically takes a few weeks to complete (often around 30–45 days, since there are several steps and safeguards along the way). Here’s what the reverse mortgage process looks like in Colorado:

Step 1: Free Consultation with a Reverse Mortgage Specialist

The process usually begins with an initial consultation. This is a no-cost, no-obligation meeting (or call) with a reverse mortgage specialist – in this case, with Kevin Guttman, CRMP. During this consultation, Kevin will take the time to understand your financial goals and answer any questions you have about reverse mortgages. He will explain how the loan works, discuss the benefits and responsibilities, and help determine if a reverse mortgage aligns with your needs. This personalized discussion is an excellent opportunity to get detailed information and dispel any myths or misconceptions. Kevin will also ask about your home value, mortgage balance, and other basics to give you an idea of how much you might qualify for. By the end of the consultation, you should have a clear sense of whether you want to proceed. Importantly, there is no commitment required at this stage – it’s purely informational to help you make an educated decision.

Step 2: HUD Counseling Session

After the initial consult (and assuming you wish to move forward), the next required step is to complete the independent counseling session. You will need to schedule a session with a HUD-approved reverse mortgage counselor. This can often be done over the phone or in person. The counseling typically lasts about an hour. The counselor will review your financial situation, explain how the reverse mortgage would work for you, go over alternatives, and make sure all of your questions are answered from a neutral standpoint. By law, counseling is mandatory before you can formally apply for the loan – it’s there to protect you. Once you finish the session, you’ll receive a counseling certificate. You would provide this certificate to Kevin (the lender) as proof that this step is done. Kevin can help provide a list of reputable HUD-approved counseling agencies in Colorado to choose from. The cost of counseling is relatively low (usually around $125, and sometimes free or deferred at closing), and it’s well worth the insight you’ll gain. With counseling completed, you’re now ready to officially apply.

Step 3: Submit the Reverse Mortgage Application

Now comes the application and paperwork phase. Kevin Guttman will assist you in completing a formal reverse mortgage application. This involves filling out forms with details about you and your property, as well as gathering required documentation. You will need to provide proof of age (such as a driver’s license or ID), verification that the property is your primary residence, and information on income/assets (lenders may do a financial assessment to ensure you can pay taxes and insurance). You’ll also provide authorization for a credit check (mainly to see if you have any federal debt issues or large delinquencies). Additionally, the application package will include various disclosures about the loan’s terms, fees, interest rates, etc., for your review. Kevin will help you understand and complete all these forms. Once everything is signed and assembled – including the counseling certificate and necessary documents like homeowners insurance info – the application is submitted to the lender for processing. At this stage, an estimate of your loan terms (an initial disclosure called a Loan Estimate) will be provided so you know the projected costs and amounts. Kevin will keep you informed as your application moves forward.

Step 4: Home Appraisal and Property Inspection

After the application is in, the lender will schedule an appraisal of your home. An independent, FHA-approved appraiser will come to inspect your property and determine its current market value. This appraisal is critical because the loan amount you can get is directly tied to the home’s appraised value (and the FHA lending limit). The appraiser will evaluate the condition of the home as well. If the appraiser notes any major issues or repairs needed to meet FHA standards (for example, a leaky roof or a safety hazard), those may need to be addressed. Depending on the situation, you might be allowed to fix issues after closing by setting aside part of the loan funds, or the repairs might be required upfront. Kevin will discuss any such requirements with you. You also have the right to a second appraisal if you believe the first appraisal significantly undervalued your home. In most cases, one appraisal suffices and establishes the value. Along with the appraisal, sometimes a separate inspection may be done, but generally the FHA appraisal covers basic property condition checks. Once the value is determined and any property conditions are noted, the lender can finalize how much you are eligible to borrow.

Step 5: Underwriting and Approval

With the application, counseling certificate, and appraisal in hand, the file goes to underwriting. An underwriter is the person who reviews all the information and ensures it meets the lender’s and HUD’s guidelines for a reverse mortgage. They will verify things like your identity, check that the counseling was completed, review the appraisal report, and look at your financial assessment (to ensure you can pay taxes and insurance). The underwriter might come back with some conditions or requests – for example, they may ask for clarification on an item, an updated payoff statement for your existing mortgage, or proof that a lien was paid off, etc. Kevin will communicate any such requests to you and help gather the additional information if needed. This part of the process is largely behind the scenes for you, but it’s where the lender double-checks everything. If all looks good, the underwriter will issue a clear to close, meaning your reverse mortgage is approved and ready to move forward to closing.

Step 6: Closing the Loan

Once approved, closing is scheduled. Closing is the meeting (or in some cases a mobile notary visit) where you sign the final loan documents to officially take out the reverse mortgage. Kevin will coordinate a convenient time and location for you to close – it might be at a title company office, at your home, or another agreed place. At closing, you will sign a stack of documents, including the Note and Deed of Trust (which put the lien on your home for the reverse mortgage) and all the final disclosures. You should take your time to review the paperwork, and Kevin or the closing agent will answer any questions. If you have a current mortgage, part of the reverse mortgage funds will be used to pay it off as of closing – the title company will handle that transaction. Note that you won’t receive any funds yet at the closing. After signing, there is a mandatory 3-business-day waiting period (the rescission period mentioned above) before the loan truly “funds.” Once you’ve signed everything, you go home and simply wait out those three days (this gives you one last chance to cancel if you wish). Assuming you’re happy to proceed, the loan will fund after the waiting period.

Step 7: Funding and Receiving Your Money

After the 3-day cancellation window has passed, your reverse mortgage loan is finalized and the funds are disbursed. Congratulations – you now have access to your home equity cash! How you receive the money will depend on the payout option you chose. If you opted for a lump sum, the funds will be wired or sent to you (or to your bank account) in one payment immediately after funding. If you set up monthly payments, you will begin receiving those each month (the first one should arrive shortly after closing, per the schedule). If you established a line of credit, it will be set up with the servicer, and you’ll be given instructions on how to request draws from your credit line whenever needed. Additionally, at funding the title company will use some of the loan proceeds to pay off any existing mortgage or liens on your home (as arranged), and any closing costs can be financed into the loan as well. You will also receive a packet of documents for your records. From this point forward, you have no monthly mortgage payment – the loan balance will accrue interest over time, and you’ll remain responsible for taxes, insurance, and upkeep. You are free to use your reverse mortgage funds to enjoy retirement, improve your financial security, or accomplish the goals you discussed with Kevin at the start of the process.

Throughout this process, Kevin Guttman will be there to assist and keep you informed – from the initial inquiry all the way to when you receive your funds. The goal is to make the experience easy and understandable, so you feel comfortable every step of the way.

Contact Kevin Guttman – Colorado Reverse Mortgage Specialist

When it comes to something as important as your home and retirement finances, you want to work with someone you can trust. Kevin A. Guttman is a Certified Reverse Mortgage Professional (CRMP) and a highly experienced mortgage broker dedicated to serving seniors in Colorado. Kevin’s expertise and personal touch set him apart as a leader in the reverse mortgage field. Here are a few key reasons to consider working with Kevin Guttman for your reverse mortgage needs:

  • Certified Reverse Mortgage Professional – Kevin holds the prestigious CRMP designation (a title held by fewer than 220 professionals nationwide). This certification, awarded by the National Reverse Mortgage Lenders Association, means Kevin has demonstrated advanced knowledge, experience, and a commitment to a strict code of ethics in reverse mortgage lending. You can be confident you’re working with an expert who truly understands these loans inside and out.
  • Proven Experience – With over 15 years of experience in helping homeowners access home equity, Kevin has seen virtually every scenario. He has even been a top reverse mortgage producer for multiple years running. This depth of experience means he can skillfully guide you through the process, anticipate and solve issues, and tailor solutions to fit your unique situation. You’ll be working with a seasoned professional who has helped hundreds of other seniors achieve financial security.
  • Outstanding Client Satisfaction – Kevin has earned 100+ five-star reviews from clients and maintains an A+ rating with the Better Business Bureau. He has also received an Age-Friendly designation from the BBB for his work with senior clients. These endorsements reflect Kevin’s commitment to honesty, transparency, and exceptional service. Clients consistently praise his patience, knowledge, and ability to make them feel comfortable with the reverse mortgage process. (Check out testimonials – you’ll find stories of Colorado homeowners who credit Kevin for making a positive difference in their retirement.)
  • Wide Range of Loan Options – As an independent broker with C2 Financial (C2 Reverse) – the largest reverse mortgage broker in the country – Kevin can offer a broad selection of reverse mortgage products. Whether you need a HECM, a Jumbo reverse mortgage for a high-value home, or a HECM for Purchase, Kevin has access to competitive options from multiple lenders. He isn’t tied to a single bank’s products, which means he works as your advocate to find the best reverse mortgage terms available for your needs. You’ll get the benefit of choice and comparison, ensuring you secure a great deal.
  • Educator and Author – Kevin is not only a loan officer but also a passionate educator about reverse mortgages and retirement planning. He’s a 3-time Amazon best-selling author on topics related to senior financing and has been featured in various media. He takes the time to explain things clearly and will make sure you and your family fully understand the implications of a reverse mortgage. Kevin’s mission is to empower you with knowledge so you feel confident in your decisions.

Get Started Today: If you’re considering a Colorado reverse mortgage, there’s no better way to get answers and personalized information than by speaking with Kevin directly. You can call Kevin Guttman at (719) 302-5820 to schedule your free consultation. There’s no obligation – just an opportunity for you to ask questions and learn more about how a reverse mortgage might work in your situation. Alternatively, you can reach out through our website’s contact form to request more information or set up an appointment. Kevin will respond promptly and help you take the next steps at your own pace.

Don’t let your home’s equity sit untapped when it could be contributing to a more secure and enjoyable retirement. With the guidance of CRMP Kevin Guttman, you can confidently explore the reverse mortgage option and determine if it’s the right financial solution for you. Many Colorado seniors have gained peace of mind and financial freedom through reverse mortgages – and you could be next. Contact Kevin Guttman today to learn more and take the first step toward unlocking your home’s equity for a brighter retirement future. 

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Contact Kevin Guttman
Phone: (719) 302-5820
Website: Reverse Mortgage Revolution