Colorado Reverse Mortgages

Take Advantage of Your Home Equity with Our Reverse Mortgage Program

You worked hard for your home. Now, your home can return the favor through a reverse mortgage program.


This service, typically offered by reverse mortgage brokers, enables you to get the funds you need to achieve short-term financial goals, have peace of mind during your golden years, and live a more comfortable life.

And older couple sitting at their kitchen table working on their finances

An Overview of the Reverse Mortgage

A reverse mortgage also called a Home Equity Conversion Mortgage (HECM), allows you to use the equity of your home as cash. Reverse mortgage programs provide financial support for low-income seniors. These homeowners can use the funds from the program to pay debts and taxes, home repairs or renovations, medical bills, and everyday expenses.

Reverse Mortgage Features

The following features are present in a reverse mortgage:

  • Various Options to Receive Money – You can obtain the funds in multiple ways, namely as a lump sum, a term payment, a tenure payment, or a line of credit.

  • Tax-Free Funds – Money coming from a reverse mortgage is typically tax-free.**

  • Non-Recourse Loan – A reverse mortgage is a non-recourse loan, which means your heirs will not be liable to sell the house if it goes for less than the balance of the loan.

Reverse Mortgage Requirements

  • The borrower must be at least 62 years of age.

  • Have the financial ability to pay ongoing property expenses including taxes and insurance.

  • Occupy the property as your primary residence.

  • Own the property outright or have a small mortgage balance.

  • Not be delinquent on any Federal debt.

Advantages of Getting a Reverse Mortgage

Enjoy the following benefits when you get a reverse mortgage:

  • Retention of Homeownership - As long as you pay the homeowner’s insurance and property taxes and comply with the terms of the loan, you can maintain ownership of your home

  • No Required Monthly Mortgage Payment - You won’t need to make any regular payments in a reverse mortgage. You receive funds from your reverse mortgage lender instead.*

  • Protection from a Housing Market Decline - The Federal Housing Administration (FHA) insures the reverse mortgage loan. If the loan ends up amounting to more than the home’s value when sold, the government insurance will take care of the difference.

Important Disclaimers and Reminders

When applying for our reverse mortgage program, it’s important that you read the following disclaimers:

HECM Disclaimer

No government agencies and departments have endorsed, sponsored, reviewed, or approved the content in this marketing advertisement.

On top of these disclaimers, we would like to remind individuals interested in getting a reverse mortgage to speak with an expert regarding possible risks and advantages. The FHA requires applicants to join an independent counseling session to make sure that they sufficiently understand the process behind the reverse mortgage program and confirm if the program is suitable for their needs.

Once you have carefully weighed your options, get in touch with us.

*Borrower must continue to pay property taxes, homeowners insurance, and maintenance costs.

Security First Financial is here to answer any questions you have.

We can help you understand more about:

  • Home loan programs

  • Current mortgage rates

  • The home loan process

  • What you'll need for your application

  • What to expect after you complete your application

Apply for a Reverse Mortgage Online

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Security First Financial is a division of Primary Residential Mortgage, Inc. PRMI NMLS 3094. Branch NMLS ID# 385589. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. Colorado – Regulated by the Division of Real Estate, UCCC #987701-016. Arizona – Arizona Department of Financial Institutions 0902614. Massachusetts – Licensed by the Massachusetts Division of Banks as a Broker and Lender as #MC3094. Florida - Florida Office of Financial Regulation MLD646. Texas - This office is licensed and examined by the Office of Consumer Credit Commissioner of the State of Texas. 

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Primary Residential Mortgage, Inc. is licensed under the State of Texas and by state law is subject to regulatory oversight by the Texas Department of Banking through one of the means indicated below: In Person or U.S mail: 2601 North Lamar Boulevard, Suite 300, Austin, Texas 78705-4294, Telephone No. (877) 276-5554, Fax No: (512)475-1313 Email: Website:

Consumers wishing to file a complaint against a mortgage banker or licensed mortgage banker residential loan originator should complete and send a complaint form to the TX department of savings and mortgage lending, 2601 North Lamar Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery find must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at


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