In 2024, there were 15 active reverse mortgage loans in Huerfano County, Colorado. The average home value in Huerfano County is $265,845.80.

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

Huerfano County is located in Colorado, known for its rugged beauty and rich history. The population of Huerfano County is approximately 6,703 residents, and the area is characterized by its scenic landscapes and outdoor recreational opportunities. The county is known for its historic sites, including the Ludlow Massacre Site, which commemorates a tragic event in labor history. The average home value in Huerfano County is $265,845.80, with property taxes averaging $478.11. For seniors looking to leverage their home equity, Huerfano County offers opportunities for reverse mortgages with an average interest rate of 0.051%. Reverse mortgages can provide financial flexibility for seniors by allowing them to access their home equity without having to make monthly mortgage payments. This can be a useful tool for retirees looking to supplement their income or cover unexpected expenses in Huerfano County’s picturesque surroundings.

Reverse Mortgage Loan Origination in Huerfano County

Reverse Mortgage Home Values in Huerfano County

Reverse Mortgage Interest Rates Huerfano County

There are approximately 15 active reverse mortgage loans in Huerfano County. The average interest rate in Huerfano County is 7.32% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Huerfano County was $355,000.00 in 2024.

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

With the average home value of $355,000.00, 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 Huerfano 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 Huerfano 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 »