In 2024, there were 143 active reverse mortgage loans in Fremont County, Colorado. The average home value in Fremont County is $409,144.47.

Click here to get a reverse Mortgage Quote in Fremont 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 Fremont County

Fremont County, located in Colorado, is home to a diverse population and a variety of landscapes, from mountainous terrain to high desert plains. With a population of approximately 47,244 residents, the county enjoys a moderate climate with cold winters and warm summers. The area is known for its stunning natural beauty, with attractions such as the Royal Gorge Bridge and Park, the Arkansas River, and numerous hiking and outdoor recreational opportunities. Historically, Fremont County has played an important role in Colorado’s mining and railroad industries, with remnants of its past still visible today. The average home value in Fremont County stands at $409,144.47, with an average property tax of $1,284.29 and an average interest rate of 4.30%. For seniors looking to tap into their home equity, Fremont County offers opportunities for reverse mortgages, allowing homeowners aged 62 and older to convert a portion of their home’s value into cash to supplement their retirement income.

Reverse Mortgage Loan Origination in Fremont County

Reverse Mortgage Home Values in Fremont County

Reverse Mortgage Interest Rates Fremont County

There are approximately 143 active reverse mortgage loans in Fremont County. The average interest rate in Fremont County is 7.43% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Fremont County was $462,142.86 in 2024.

Click here to get a Reverse Mortgage Quote in Fremont 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 Fremont County, CO

With the average home value of $462,142.86, 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 Fremont 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 Fremont 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 »