Senior Lending Corporation is a Colorado Reverse Mortgage Lender, providing insightful guidance and streamlining the application process. We connect Colorado homeowners with federally insured and private reverse mortgages under terms tailored to their circumstances. Connect with us to see if you qualify.
Financial stability is an important component of a comfortable, fulfilling retirement. Reverse mortgages help older Colorado homeowners maintain their accustomed lifestyles and explore new opportunities in retirement.
You can take out a reverse mortgage as a loan or line of credit based on your home’s appraised value. The more equity you have accumulated, the more you are eligible to receive.
A reverse mortgage pauses your monthly obligations. Instead, you’ll repay the remaining mortgage balance when you sell your home, even if that time is years away. All the while, the title is still yours. All you need to do is maintain the property and pay property taxes and insurance.
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You can choose to receive reverse mortgage funds using any of these methods individually or in combination:
Watch the “Blind Test” video to see why over 1 million retirees have chosen to work with Colorado Reverse Mortgage Lenders for a Watch the HECM line of Credit
Many Colorado residents in or nearing their retirement have valuable properties and high equity, but aren’t ready to move from the homes they love. Rather than letting your equity idle, you can take out a reverse mortgage for a substantial income infusion. These loans offer borrowers the freedom to use the money in numerous ways.
At Senior Lending Corporation, we provide Colorado reverse mortgages in various scenarios when people need immediate funds or supplemental income. Some of the most common and beneficial uses include:
You can apply for two types of reverse mortgages through Senior Lending Corporation. The first is the Home Equity Conversion Mortgage (HECM), which is a federally insured loan only available through licensed lenders. The second is a proprietary mortgage, which is our jumbo line of credit with a higher ceiling. Both reverse mortgage options offer flexible spending. We streamline the process of obtaining reverse mortgages through our counseling, resources and online application.
| HECM | HomeSafe Jumbo Reverse Mortgage | |
| Minimum applicant age | 62 | 55 |
| Maximum value | $1,209,750 | $4 million |
| Occupancy | Primary residence | Primary residence |
| Property types | Single-family homes, FHA-approved condominiums, and multifamily homes with four or fewer units | Single-family homes, condominiums, townhouses, and multifamily homes with four or fewer units |
| Prepayment penalty | None | None |
There are 5 main steps to the reverse mortgage process. The entire process can all be done from the comfort of your home or in person whichever you prefer.
We serve customers in every corner of the Centennial State:
As one of the most experienced reverse mortgage companies in Colorado, Senior Lending Corporation can guide you through the initial stages of applying for an equity-based loan. You can start today, so call 800-822-1190 to schedule a time to discuss your home and equity with a reverse mortgage advisor.
