Reverse mortgage in Colorado
Colorado lenders, loan locations and counseling providers, all drawn from HUD's own loan records.
- A yearly total of 1,014 HECMs closed in Colorado
- The Median home value counted by HUD was $530,000
- In Colorado, Finance of America Reverse had the most HECMs (212)
Between September 2025 and August 2026, 4.1% of the 24,529 HECM closings nationwide took place in Colorado, based on HUD's data. The 1,014 closings rank fifth among all 50 states plus DC.
Among these loans, 92 financed a home purchase with a HECM for Purchase, 63 loans refinanced an earlier HECM, and 43 hit the $1,249,125 limit on value.
National figures compared with Colorado HECMs
The two rows shown at the end come from the calculator.
| Colorado | Against all HECMs | |
|---|---|---|
| HECMs closed | 1,014 | 4.1% of all 24,529 |
| Median home value counted | $530,000 | $90,000 more |
| Median principal limit | $230,500 | $36,328 more |
| Principal limit as a share of value | 42.6% | 0.8 points lower |
| Median expected rate | 5.75% | 0.125 points lower |
| HECM for Purchase | 9.1% | 3.6 points higher |
| Refinanced HECMs | 6.2% | 4.7 points lower |
| Lenders with a loan here | 25 | of 34 nationwide |
| Median home with no mortgage: funds left after costs at age 70 | $184,480 | $32,940 more |
| Usable in the first year at age 70 | $102,648 | $19,044 more |
Colorado lenders ranked by HECM loan count
In Colorado, 25 lenders sponsored HECMs. Finance of America Reverse, Longbridge Financial and Mutual of Omaha Mortgage, the top three lenders, made 597 of the 1,014 loans, or 59%. Check the national ranking for a comparison.
| Rank | Lender | HECMs | Share |
|---|---|---|---|
| 1 | Finance of America Reverse | 212 | 20.9% |
| 2 | Longbridge Financial | 199 | 19.6% |
| 3 |  | 186 | 18.3% |
| 4 | Guild Mortgage | 69 | 6.8% |
| 5 |  | 68 | 6.7% |
| 6 |  | 56 | 5.5% |
| 7 | CalCon Mutual Mortgage | 29 | 2.9% |
| 8 | Traditional Mortgage Acceptance Corporation | 27 | 2.7% |
| 9 | PHH Mortgage | 22 | 2.2% |
| 10 | Plaza Home Mortgage | 20 | 2% |
HECMs originated in Colorado by local lenders and brokers
Colorado HECM applications were received by 188 companies. Beyond the national names above, the firms that originated the most were Atlantic Avenue Mortgage (20), C2 Financial (19), American Liberty Mortgage (19), Xpert Home Lending (18), New American Funding (16), Independent Mortgage Brokers (15), Loandepot.com (12) and Edge Home Finance (12). These counts are of the company that originated each loan, while the ranking above counts the lender that sponsored it, so the two lists are not comparable.
Colorado HECMs: where the loans were made
Jefferson County ranked first with 137 of the 1,014 loans, followed by Arapahoe with 102 loans. Denver (97), Colorado Springs (85), Aurora (53), Littleton (43) and Arvada (42) had the highest counts among the cities. City names are the mailing city on each HUD record and can reach into nearby counties, so a city's count need not match the county table.
| County | HECMs | Share |
|---|---|---|
| Jefferson | 137 | 13.5% |
| Arapahoe | 102 | 10.1% |
| El Paso | 97 | 9.6% |
| Larimer | 86 | 8.5% |
| Denver | 81 | 8% |
| Boulder | 69 | 6.8% |
Colorado: HUD-approved reverse mortgage counselors
HUD's list names 6 agencies based in Colorado that give reverse mortgage counseling, spread across 6 cities. Their phone numbers appear in HUD's counselor search.
| City | Agency | How they counsel | Languages |
|---|---|---|---|
| Aurora, CO | City of Aurora Community Development Division | phone, in person, video, online, group | English, Spanish |
| Denver, CO | Northeast Denver Housing Center | phone, in person, video, online, group | English |
| Durango, CO | Housing Solutions for the Southwest | phone, in person, online | English |
| Fort Collins, CO | Neighbor to Neighbor | phone, in person, video, online | English, Spanish |
| Grand Junction, CO | Housing Resources of Western Colorado | phone | English |
| Longmont, CO | Boulder County Personal Finance Program | phone, in person, video, online | English, Spanish |
Colorado property tax relief for older homeowners
Homeowners in Colorado who are at least 65 may be eligible for an exemption. They must also have owned the home and lived in it as their main home for a minimum of 10 consecutive years. If the state budget allows, the exemption covers 50 percent of actual value, up to the first $200,000. Property Tax Exemption for Senior Citizens in Colorado | Colorado Department of Local Affairs Division of Property Taxation.
Who oversees reverse mortgage lenders in Colorado
To get a license in Colorado, mortgage loan originators must apply through NMLS and Colorado’s E-license database. Mortgage Loan Originator Applications, Documents and Fees | Division of Real Estate.
Source: the HUD HECM portfolio snapshot, covering September 2025 to August 2026. Every state.