You Built This Equity Over a Lifetime. Now Let It Take Care of You.

Ready to move closer to family, downsize to something easier to maintain, or buy the home you've always wanted? A reverse mortgage for purchase lets you buy a new home using a combination of your sale proceeds and a reverse mortgage — with no monthly mortgage payment on the new home.

Sell your current home. Use a portion of the proceeds as a down payment. The reverse mortgage covers the rest. You move in with no monthly payment and cash in the bank from the leftover sale proceeds.

Colorado is one of the best states in the country for reverse mortgages — and most people don't realize it. The combination of high home values, a rapidly aging population, and mountain real estate markets that dwarf the standard HECM limit creates an environment where reverse mortgages genuinely change lives.

Why Colorado Is Uniquely Positioned

Colorado's median home value sits around $550,000 statewide — well above the national median. In mountain communities, values are dramatically higher: $1.85M in Vail, $3.5M in Aspen, $1.45M in Breckenridge, $2.2M in Telluride. Even Front Range cities like Boulder ($875K) and Highlands Ranch ($680K) carry significant equity positions. For homeowners age 55 and older, this equity represents decades of appreciation — and a powerful financial tool most have never been shown how to use.

The Age 55+ Jumbo Opportunity

Most competitors — and most consumers — assume reverse mortgages require age 62. That's true for HECMs, but jumbo proprietary programs are available to Colorado homeowners as young as 55. This opens reverse mortgages to an entirely new segment: homeowners between 55 and 61 who have substantial equity and want to eliminate their mortgage payment, access cash for retirement planning, or fund major expenses without adding monthly obligations. For high-value Colorado homes, the jumbo option also removes the $1,249,125 HECM cap — allowing access to significantly more equity.

HECM vs. Jumbo for Colorado

For Colorado homeowners with homes valued under $1.25M and who are age 62+, the HECM is typically the right starting point. FHA insurance provides an additional layer of protection, disbursement options are flexible, and the line of credit grows over time. For homes above $1.25M — or for homeowners between 55 and 61 — the jumbo is the only option, and it's often the better one. No mortgage insurance premiums save thousands over the life of the loan. No origination fees on certain programs reduce upfront costs. And loan limits up to $4M serve Colorado's most valuable markets.

The Mountain Market Valuation Problem

Automated valuation models (AVMs) routinely undervalue mountain homes by $200K–$500K. Why? Because mountain real estate markets have limited comparable sales, highly variable lot sizes and elevations, unique construction methods, and seasonal demand patterns that algorithms can't capture. A 3,000-square-foot home in Vail Village is not comparable to a 3,000-square-foot home in East Vail, even though they're five miles apart. Working with a broker who understands mountain property valuation — and lenders who accept proper appraisals rather than relying on AVMs — is the difference between accessing $500K and accessing $900K.

Reverse for Purchase: A Downsizing Strategy

The HECM for Purchase program is one of the most underutilized tools in senior housing. Sell your current home, use a portion of the proceeds as a down payment on a new home, and let the reverse mortgage cover the rest. You move in with no monthly mortgage payment and cash in the bank. For Colorado seniors looking to downsize from a large family home to a ranch-style property near their children, this strategy solves two problems at once: it simplifies their living situation and eliminates their largest monthly expense.

Why Working With a Broker Matters

A bank offers one reverse mortgage product — theirs. A broker compares across multiple lending partners to find the program that fits your specific situation. Age, home value, location, existing mortgage balance, and how you want to receive funds all influence which program delivers the most equity at the lowest cost. I compare HECM and jumbo programs across our reverse mortgage network to find the best fit. One application. I do the work. You get the best option available.

HUD Counseling Protects You

Every reverse mortgage requires counseling with a HUD-approved independent counselor before closing. Some borrowers see this as a hassle. I see it as the single best consumer protection in the mortgage industry. An independent third party walks you through the loan terms, alternatives, and obligations — with no financial incentive to push you toward any particular decision. The counseling session takes 60–90 minutes, can be done by phone, and is the final checkpoint before you commit. I help every borrower schedule it and answer any questions that come up afterward.

Bobby's Local Advantage

I live in Edwards, Colorado — in the heart of the Vail Valley. I've been financing Colorado homes for over a decade. I understand mountain property valuation because I live it every day. I know which lending partners handle resort properties without undervaluing them. I know the challenges of insuring a mountain home. And I know that Colorado seniors deserve straight answers, not sales pitches. If a reverse mortgage is right for you, I'll show you exactly what's available. If it's not, I'll tell you that too — and suggest what might work better.