In 2024, there were 1 active reverse mortgage loans in Cheyenne County, Colorado. The average home value in Cheyenne County is $180,854.00.

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

Cheyenne County, located in the state of Colorado, is a sparsely populated area known for its wide-open spaces and agricultural landscapes. With a population of around 2,000 residents, this county offers a peaceful and rural lifestyle for its inhabitants. Cheyenne County is known for its warm summers and cold winters, making it an ideal location for those who enjoy seasonal weather changes. Historically, Cheyenne County has played a significant role in the development of the region, particularly during the pioneer days and the expansion of the railroad. The average home value in Cheyenne County is $180,854.0, with an average property tax of $481.95 and an average interest rate of 0.0735. Seniors in Cheyenne County may find reverse mortgages to be beneficial, as they can provide financial flexibility by tapping into their home equity without the burden of monthly mortgage payments. This option can be particularly helpful for retirees looking to supplement their income or cover unexpected expenses.

Reverse Mortgage Loan Origination in Cheyenne County

Reverse Mortgage Home Values in Cheyenne County

Reverse Mortgage Interest Rates Cheyenne County

There are approximately 1 active reverse mortgage loans in Cheyenne County. The average interest rate in Cheyenne County is 7.35% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Cheyenne County was $215,000.00 in 2024.

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

With the average home value of $215,000.00, 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 Cheyenne 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 Cheyenne 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 »