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Reverse Mortgages
Colorado Homeowners

If you have been thinking about a reverse mortgage for yourself or a loved one, now may be the time to get started.

Reverse mortgages allow homeowners aged 62 or older to convert a portion of their home equity into cash without having a monthly mortgage payment obligation.*

A Reverse Mortgage Also Allows You To...

  • Have extra money on hand to meet your everyday expenses

  • Eliminate or reduce your high interest rate debt such as credit cards

  • Help with your healthcare expenses

  • Set aside funds to pay for your future long-term care

  • Make updates and repairs to your home to help you live comfortably

  • Establish a line of credit for any unexpected expenses

  • Use the funds any way you want

If you are interested in exploring the opportunities a reverse mortgage may provide you or a loved one, please fill out the form to request more information.


We're here to provide you with an honest and personalized reverse mortgage experience.

Request More Information

Who is this reverse mortgage for?
Your Trusted Local Mortgage Lender

I believe that every customer should have the best possible experience when securing mortgage financing. That fundamental belief is the basis of my business, and evident in the one-on-one service and exacting level of detail I strive to provide for my clients throughout the mortgage process.

Feel free to contact me with any questions about how I can best serve you. I’m looking forward to working with you soon!


Nick Barta

Mortgage Loan Originator

NMLS 25540 | MA MLO 25540 | AZ MLO 0927129

Phone: (303) 709-9625

#1 FHA Loan Originator in the Country


​Basic Reverse Mortgage Requirements for Borrowers:

  • Borrowers on the home’s title must be at least 62 years old. The older you are, the more funds you can receive from a reverse mortgage

  • You must live in your home as your primary residence for the life of the reverse mortgage

  • You must own your home outright or have at least 50% equity in your home to be eligible for a reverse mortgage loan

  • You must meet with a Department of Housing and Urban Development (HUD)-approved* reverse mortgage counselor prior to applying for a reverse mortgage loan

What's a Reverse Mortgage?

Reverse mortgages allow homeowners aged 62 or older to convert a portion of their home equity into cash without having a monthly mortgage payment obligation.* Borrowed funds are repaid when the home is sold, never to exceed 95% of the appraised value at the time of sale – even if more money is owed.


Why consider a Reverse Mortgage?

Reverse mortgage funds are first used to pay any liens on the home, including a regular mortgage or home equity loan. In some cases, a portion of proceeds is withheld or set aside to pay taxes and insurance.

Remaining funds often:

  • Offset day-to-day living expenses.

  • Cover emergency expenditures, such as car or home repairs.

  • Pay for medical costs.

  • Provide for in-home care, allowing the owner to remain in their own home longer.

Sometimes, homeowners use a reverse mortgage just to pay off their existing loan. They do not access the remaining funds at all, but they remove the strain of a monthly mortgage payment* from their budget and increase their cash flow. Some seniors use reverse mortgages to purchase a new home without ever incurring a monthly payment.*

Before entering an agreement, borrowers are required to attend a session with an independent HUD-certified* counselor who will fully explain the reverse mortgage process, answer questions, and discuss other available options.

Remember that a reverse mortgage is a loan that will be repaid after your death, after you permanently leave your home, or after the sale of your home. Neither you nor your heirs will be responsible for repaying more than the value of your home at sale. If there is leftover equity after the loan is paid off, that money goes to the estate.

Reverse Mortgage FAQs


Will the lender own my home?

  • No, you will continue to own your home.

Will my children have to pay back the money?

  • Your heirs are not liable for debt on your home. Your estate will pay only the loan amount or the value of your home at sale, whichever is less.

Will my children get any funds from my home after I die?

  • If your home sells for more than the loan obligation, your estate is credited with the difference.


Will I eventually be evicted?

  • Maintain your property to FHA standards, use it for your primary residence, pay your taxes and insurance, and there is no risk of losing your home.

Can I only use the money for certain things?

  • Proceeds can be used for any purpose.

Do I have to study and take a test?

  • You will have to attend a session with a HUD-approved counselor. You will learn all about reverse mortgages and the options available. This is an extra measure of protection for you, no test required.


*The homeowner is responsible for paying taxes and insurance and for properly maintaining the home. The home must be used as the homeowner’s primary residence. This ad is not from HUD or FHA and was not approved by HUD or any government agency. The loan is subject to foreclosure for failure to pay taxes and insurance to maintain the property and insurance and to comply with the terms of the loan. 

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