In 2024, there were 14 active reverse mortgage loans in Alamosa County, Colorado. The average home value in Alamosa County is $330,566.71.

Click here to get a reverse Mortgage Quote in Alamosa County, Colorado

To avoid scams, make sure you are working with a licensed lender in Colorado. South River Mortgage is a fully licensed lender in Colorado. The CO state regulator requires mortgage lenders to be explicitly approved to make loans and hold a license. South River Mortgage proudly holds the Mortgage Company Registration in CO, and our state license identifier is 1854525.  We also maintain active approval with HUD/FHA.

Reverse Mortgage Loans in Alamosa County

Located in southern Colorado, Alamosa County is known for its natural beauty and outdoor recreational opportunities. The county is home to the Great Sand Dunes National Park and Preserve, attracting visitors from around the world to marvel at the towering sand dunes against the backdrop of the Sangre de Cristo Mountains. The county’s population is around 16,431, and its climate is characterized by cold winters and warm summers, making it an ideal destination for outdoor enthusiasts year-round. Historically, Alamosa County played a significant role during the Colorado Gold Rush, as miners flocked to the area in search of fortune. Today, the county’s average home value stands at $330,566.71, with an average property tax of $923.67 and an average interest rate of 4.43%. Seniors in Alamosa County may find reverse mortgages to be a useful financial tool, allowing them to tap into their home equity to supplement their retirement income. Reverse mortgages can provide seniors with additional financial flexibility while allowing them to remain in their homes.

Reverse Mortgage Loan Origination in Alamosa County

Reverse Mortgage Home Values in Alamosa County

Reverse Mortgage Interest Rates Alamosa County

There are approximately 14 active reverse mortgage loans in Alamosa County. The average interest rate in Alamosa County is 7.27% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Alamosa County was $250,000.00 in 2024.

Click here to get a Reverse Mortgage Quote in Alamosa County, Colorado »

Note that our loan origination data will not exactly match FHA’s HECM portfolio snapshot. This discrepancy occurs because FHA’s reports are limited to loans endorsed by FHA (i.e. HECMs only). We use a series of custom data criteria that make it possible to identify all reverse mortgages: HECMs, proprietary, and even single-purpose reverse mortgages.

Jumbo Reverse Mortgage in Alamosa County, CO

With the average home value of $250,000.00, you may be wondering about the opportunities for jumbo loans.

The FHA has increased the HECM lending limit to $1,209,750 for 2025. If your property is valued above the HECM lending limit, you may be eligible for additional proceeds through the HomeForLife jumbo reverse mortgage.

Reverse Mortgage Refinance (HECM to HECM) in Alamosa County

It might make sense to refinance your reverse mortgage. There are many situations where refinancing could be very beneficial to you:

• You want to get more cash out because your home value has increased substantially
• You want to pay less in interest by obtaining a lower interest rate
• You want to add a loved one to the reverse mortgage

As a bonus, South River Mortgage can sometimes provide multiple benefits at once, depending on the situation. There have been cases where we can help secure a lower interest rate and additional cash. In some cases, we have been able to do all three benefits: lower rate, more cash, and adding a son or daughter onto the mortgage.

South River Mortgage can help you refinance your reverse mortgage. Get a quote today »

Reverse for Purchase (HECM for Purchase) in Alamosa County

You can now purchase a home with a reverse mortgage in {county}, CO. The reverse for purchase lets homebuyers purchase the home and get a reverse mortgage in a single transaction. The requirements for a reverse for purchase are very similar to the traditional reverse mortgage program.

Purchasing a home with a reverse mortgage has many benefits:

• No monthly mortgage payment (although you’d still be responsible for property taxes and homeowner’s insurance)
• The home being purchased would meet HUD’s property requirements or minimum property standards (this helps keep the home safe for occupants)

Learn what your down payment would be using our Reverse for Purchase calculator. Or, get pre-approved today »