In 2024, there were 10 active reverse mortgage loans in Rio Blanco County, Colorado. The average home value in Rio Blanco County is $398,566.30.

Click here to get a reverse Mortgage Quote in Rio Blanco 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 Rio Blanco County

Rio Blanco County is located in the state of Colorado. With a population of around 6,601 residents, the county offers a peaceful and rural setting with stunning natural landscapes. Known for its abundant outdoor recreational opportunities, Rio Blanco County is a haven for outdoor enthusiasts, with activities such as hunting, fishing, hiking, and camping readily available. Historically, Rio Blanco County has deep roots in the ranching and mining industries, which have played a significant role in shaping the county’s identity. The average home value in Rio Blanco County is $398,566.3, with an average property tax of $865.128 and an average interest rate of 3.761%. For seniors looking to tap into their home equity, a reverse mortgage can be a viable option, allowing them to supplement their retirement income while remaining in their homes.

Reverse Mortgage Loan Origination in Rio Blanco County

Reverse Mortgage Home Values in Rio Blanco County

Reverse Mortgage Interest Rates Rio Blanco County

There are approximately 10 active reverse mortgage loans in Rio Blanco County. The average interest rate in Rio Blanco County is 7.82% for reverse mortgages. The average maximum claim amount (the lesser of the appraisal or lending limit), among reverse mortgage borrowers, in Rio Blanco County was $175,000.00 in 2024.

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

With the average home value of $175,000.00, 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 Rio Blanco 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 Rio Blanco 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 »