In 2024, there were 230 active reverse mortgage loans in Broomfield County, Colorado. The average home value in Broomfield County is $677,225.00.

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

Broomfield County, located in the state of Colorado, is a charming area known for its vibrant community and stunning natural beauty. With a population that has been steadily growing over the years, the county offers a mix of urban amenities and outdoor recreational opportunities. The climate in Broomfield County is characterized by warm summers and cold winters, making it an ideal destination for those who enjoy experiencing all four seasons. This county has a rich history dating back to the early settlers who were drawn to the area for its fertile land and abundant resources. Today, Broomfield County is known for its thriving economy and excellent quality of life, attracting residents of all ages. For seniors in the area, exploring options like reverse mortgages can be a beneficial financial tool to tap into the equity of their homes. With an average home value of $677,224.99, low average interest rates of 0.0393, and property taxes around $4,091.51, Broomfield County offers a solid real estate market for those considering a reverse mortgage as part of their retirement planning strategy.

Reverse Mortgage Loan Origination in Broomfield County

Reverse Mortgage Home Values in Broomfield County

Reverse Mortgage Interest Rates Broomfield County

There are approximately 230 active reverse mortgage loans in Broomfield County. The average interest rate in Broomfield County is 7.64% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Broomfield County was $630,714.29 in 2024.

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

With the average home value of $630,714.29, 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 Broomfield 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 Broomfield 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 »