Reverse mortgage loan options are designed to help Colorado home owners ages 62+ convert a portion of their home’s equity into cash. These programs can help supply steady cash flow for those in retirement, helping to supplement other sources of income. If you are currently carrying a mortgage, utilizing a reverse mortgage can eliminate your monthly mortgage payments as long as you maintain the property and pay homeowners insurance and property taxes. 

The funds provided by a reverse mortgage can serve as a standby line of credit, be used for renovations, or to consolidate high interest debt. Our reverse mortgage loans allow you to stay in your home and can be the perfect fit for situations where homeowners can’t qualify for home equity loans due to credit issues or lack of income. As one of the best reverse mortgage lenders in Colorado, our team will guide you through every step of the process!

Colorado Reverse Mortgage Loans

Reverse Mortgage Programs

Our reverse home loan programs provide comprehensive options for those homeowners 62-years and older seeking to convert a portion of their home’s equity into cash. These reverse mortgage programs allow homeowners to maintain the lifestyle they want, without having to sell their home or make monthly mortgage payments. 

HECM Reverse Mortgages

HECM Reverse Mortgages

HECM reverse mortgages, or Home Equity Conversion Mortgages, are the only federally insured reverse mortgage options available. As such, they are often referred to as FHA reverse mortgages. Maximum loan amounts (currently capped at $970,800) depend on the borrower’s age, amount of equity in the home and current rates. Borrowers can elect to receive a line of credit, lump sum, or even monthly payments. Proceeds from the loan can be used for any need including maintain lifestyle, medical costs, or home improvements. HECM mortgages are a perfect choice for borrows unable to qualify for home equity loans due to credit issues or lack of income. 

HECM for Purchase Loan Colorado

HECM for Purchase (H4P)

Home Equity Conversion Mortgages (HECM) for purchase are reverse mortgages that allow homeowners 62+, to purchase a new principal residence using proceeds from the reverse mortgage. Funds can be used to purchase single-family homes, FHA-approved condominiums/townhouses, or 2-to-4 unit homes that are owner-occupied as well as manufactured homes meeting HUD guidelines. Down payments are generally 45% to 62% of the sale price and proceeds from the reverse mortgage can be used for the downpayment. HECM for Purchase loans are perfect for seniors looking to downsize or even upgrade their primary residence. 

Jumbo Reverse Mortgage Colorado

Jumbo Reverse Mortgage

Jumbo reserve mortgages, (also known as a “proprietary” or “private” reverse mortgages), are designed for those homeowners with high value properties seeking to access equity. While traditional HECM reverse mortgages are limited to $970,800 – jumbo reverse mortgages can allow you to tap into your home’s equity up to $4 Million+. These programs often feature no mortgage insurance premium (MIP), which can reduce the overall loan costs. Unlike HECM reverse mortgages, requirements for condos are much more lenient, as condos do not necessarily have to be FHA-approved.


Wyatt Home Loans is a division of Fairway Independent Mortgage Corporation. Based in Castle Rock, CO, we provide comprehensive reverse mortgage options to borrowers throughout the state of Colorado including:


Colorado Springs


Fort Collins





Highlands Ranch




Contact Us

Wyatt Home loans is a Castle Rock, CO based full service mortgage lender, offering home buyers access to a wide variety of home loan and mortgage programs custom tailored to their individual needs.  


115 Wilcox St, Ste #309
Castle Rock, CO 80104
Ph: +1-303-775-2928