Skip to main content
Simply Approved Mortgages
Español
HUD counseling · CO

HUD reverse mortgage counseling in Colorado: state guide

Published:

Colorado borrowers should choose a HUD-approved agency from HUD's roster and coordinate counseling with the county property, insurance, title, and primary-residence documentation required for the file. This guide connects the state context to every published county and city page for the topic.

Get my estimateUse the calculator
HUD reverse mortgage counseling in Colorado
HUD data · FY 2027

Fair Market Rent context for Colorado

HUD data last verified October 1, 2026

Fair Market Rents (FMRs) are HUD's official estimate of typical rents in each U.S. area. We surface them here so CO homeowners considering a reverse mortgage can compare their potential HECM proceeds to what renting a similar home would cost — a useful reality check when thinking about aging in place vs. selling and renting.

Lowest 2-BR FMR in CO
$1,014/mo
Average 2-BR FMR in CO
$1,564/mo
Highest 2-BR FMR in CO
$2,766/mo

Source: HUD FMR API — CO statewide year · 64 CO counties covered. FMRs are published annually by HUD USER and used to set Section 8 payment standards; they are not an offer to rent.

Local market updates

Colorado reverse mortgage & housing market updates

Recent, dated changes in the official data that affects reverse mortgage math for Colorado homeowners age 62+. Each update links to the primary government source it came from. Most recent update: .

  1. Data refreshVerified

    Colorado HUD data refreshed from the official source

    The HUD figures used for Colorado on this page were refreshed automatically from HUD's published data on this date. Where an official source has not published a newer figure, the prior release remains the most current data available. This is educational information, not a rate quote, loan offer, or pre-approval.

    Simply Approved Mortgages — methodology →
  2. RentsPublished

    HUD publishes FY 2027 Fair Market Rents for Colorado

    HUD's FY 2027 Fair Market Rents for Colorado range from $1,014 to $2,766 for a two-bedroom unit. The statewide average two-bedroom FMR is $1,564. For Colorado homeowners weighing aging in place against selling and renting, FMRs are the closest official benchmark for what local rent would cost. Note that a reverse mortgage does not eliminate housing costs — property taxes, homeowners insurance, and maintenance remain the borrower's responsibility.

    Source: HUD FMR API — CO statewide year →
  3. HECM programPublished

    2026 HUD HECM lending limit of $1,249,125 applies in Colorado

    HUD sets one nationwide HECM Maximum Claim Amount, so the 2026 figure of $1,249,125 applies to Colorado exactly as it does everywhere else. Homes appraising above the cap can be evaluated for a jumbo (proprietary) reverse mortgage. All loans are subject to HUD eligibility rules, HUD-approved counseling, lender underwriting, and approval.

    Source: HUD — HECM program →

Data shown is educational and reflects the most recent figures published by the cited agencies as of the dates above. It is not a rate quote, loan offer, commitment to lend, or pre-approval. Simply Approved Mortgages LLC | NMLS #2620881 | Equal Housing Opportunity.

Included with your estimate

Get your Reverse Mortgage Estimate Summary.

Complete the short estimate form and we send back a full HECM summary: your estimated principal limit, complimentary home value estimate, payoff of any existing mortgage, and estimated proceeds available to you.

  • Complimentary home value estimate
  • Estimated principal limit for your age
  • Existing mortgage payoff included
  • Lump sum, line of credit, or monthly options
Get my estimateTakes about 3 minutes · Summary emailed and shown on screen

Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Subject to HUD counseling, appraisal, credit and income review, and final lender approval. You remain responsible for property taxes, insurance, and home maintenance.

Estimate summary

Home value estimate
$412,000
Youngest borrower age
72
Estimated principal limit
$219,400
Existing mortgage payoff
$68,000
Estimated proceeds available
$151,400

Simply Approved Mortgages • NMLS #2620881 • Equal Housing Opportunity

Definition

What is a HUD reverse mortgage counseling in Colorado?

HUD-approved counseling is required before a lender can take a HECM application. The counselor is independent of the mortgage broker and lender, and the session covers costs, alternatives, payout choices, and the obligations that continue after closing.

Colorado borrowers should choose a HUD-approved agency from HUD's roster and coordinate counseling with the county property, insurance, title, and primary-residence documentation required for the file. Federal HECM rules remain federal; local administration and property facts are the items that need state-specific review.

State topic hub

HUD reverse mortgage counseling in Colorado: county and city guides

Colorado borrowers should choose a HUD-approved agency from HUD's roster and coordinate counseling with the county property, insurance, title, and primary-residence documentation required for the file. Use the county and city links below for the property, cost, tax, insurance, HOA, and scheduling questions that are specific to the location.

Colorado county guides

Colorado city guides

Topic overviewHUD reverse mortgage counseling main guide
Included with your estimate

Your numbers plus the 2026 Reverse Mortgage Guide.

Request your estimate and we include the 21-page plain-English guide: who qualifies at 62+, what a HECM costs, payout options, ongoing obligations, and the questions to ask before you sign.

  • 21-page guide, no jargon
  • HUD/FHA program rules explained
  • Costs and fees broken down
  • Questions to ask any loan officer
Send me the guideFree · No obligation

Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Subject to HUD counseling, appraisal, credit and income review, and final lender approval. You remain responsible for property taxes, insurance, and home maintenance.

Estimate summary

Home value estimate
$412,000
Youngest borrower age
72
Estimated principal limit
$219,400
Existing mortgage payoff
$68,000
Estimated proceeds available
$151,400

Simply Approved Mortgages • NMLS #2620881 • Equal Housing Opportunity

Simply Approved Mortgages perspective

Expert insight from Simply Approved Mortgages

The federal counseling requirement is the same, but agency availability, scheduling, language access, and state consumer-protection questions can affect the borrower's timeline. In Colorado, start with the actual property, county records, insurance, taxes, association obligations, and the documents a lender or other responsible professional must review.

Neither this page nor a local guide predicts approval, proceeds, rates, fees, appraisal results, or final closing costs.

Educational perspective from Simply Approved Mortgages LLC, a mortgage broker, NMLS #2620881.

FAQ

HUD reverse mortgage counseling in Colorado FAQ

What is different about HUD reverse mortgage counseling in Colorado?
Colorado borrowers should choose a HUD-approved agency from HUD's roster and coordinate counseling with the county property, insurance, title, and primary-residence documentation required for the file.
Do federal HECM rules change in Colorado?
No. Federal rules remain federal. State and local facts can add review items.
Which counties and cities are covered?
This page links 11 county guides and 10 city guides in Colorado.
Can this page predict my hud counseling result?
No. The actual property, documents, current rules, professional review, and lender underwriting control.
What ongoing obligations should I plan for?
Taxes, insurance, maintenance, occupancy, association dues, and other obligations in the loan documents remain the homeowner's responsibility.
Where should I verify a state-specific fact?
Use the cited Colorado regulator or agency source and confirm the current requirement with the professional responsible for the file.
Is counseling required for a HECM?
Independent HUD-approved counseling is required before a lender can take a HECM application.
Does Simply Approved Mortgages arrange residential loans here?
This site presents a residential path in Colorado, subject to product availability, complete information, lender underwriting, and approval.
Are local pages a substitute for legal or tax advice?
No. They are general education. Ask a qualified attorney, tax professional, assessor, counselor, closing professional, or insurance professional when appropriate.
Where do I find the applicable city guide?
Choose a county or city in the Colorado directory below; each guide links back to this state hub and the main topic guide.
Included with your estimate

See your reverse mortgage numbers on paper.

A licensed Simply Approved Mortgages loan officer reviews your estimate with you — line by line — so you can compare a HECM against a HELOC, a refinance, or staying put.

  • Side-by-side payout comparison
  • Upfront and ongoing cost estimate
  • HUD counseling walked through
  • Answers to your heirs questions
Talk to a loan officerMon–Fri, 8 AM – 7 PM ET · No obligation

Illustration only, generated from the information you enter. Not a loan estimate, pre-qualification, commitment to lend, or approval. Subject to HUD counseling, appraisal, credit and income review, and final lender approval. You remain responsible for property taxes, insurance, and home maintenance.

Estimate summary

Home value estimate
$412,000
Youngest borrower age
72
Estimated principal limit
$219,400
Existing mortgage payoff
$68,000
Estimated proceeds available
$151,400

Simply Approved Mortgages • NMLS #2620881 • Equal Housing Opportunity

State-specific disclosures (FL & CO)

Simply Approved Mortgages (NMLS #2620881) is a licensed mortgage brokerage currently authorized to originate reverse mortgage loans only in Florida (FL) and Colorado (CO). Applications, quotes, and estimates are accepted only from residents of these states. Verify our licenses at NMLS Consumer Access.

Florida (FL) disclosures

  • Regulated by the Florida Office of Financial Regulation (OFR) under Chapter 494, Florida Statutes, and the federal SAFE Act.
  • All HECM (Home Equity Conversion Mortgage) loans must comply with HUD/FHA requirements, including mandatory independent HUD-approved counseling before an application can be processed.
  • Borrower(s) must be age 62 or older, occupy the home as their primary residence, and remain current on property taxes, hazard/flood insurance, HOA dues, and required home maintenance. Failure to meet these obligations may result in the loan becoming due and payable.
  • A Florida reverse mortgage does not, by itself, affect the Florida Homestead property tax exemption so long as the borrower continues to occupy the home as their primary residence.
  • Consumer complaints may be filed with the Florida OFR at flofr.gov or by calling 1-850-487-9687.

Colorado (CO) disclosures

  • Regulated by the Colorado Division of Real Estate — Mortgage Loan Originator Licensing under C.R.S. § 12-10-701 et seq. and the federal SAFE Act.
  • Reverse mortgages in Colorado are also subject to the Colorado Reverse Mortgage Act (C.R.S. § 11-38-101 et seq.), which requires HUD-approved counseling and specific consumer protections prior to closing.
  • Borrower(s) must be age 62 or older, occupy the property as their principal residence, and continue to pay property taxes, homeowners/flood insurance, HOA dues, and maintain the home. Failure to meet these ongoing loan obligations may result in the loan becoming due and payable.
  • Colorado law requires a statutorily prescribed cooling-off / rescission period after counseling before an application may be accepted. Your loan officer will confirm the applicable timing before you sign.
  • To verify a Colorado mortgage loan originator, visit dre.colorado.gov. Complaints may be filed with the Colorado Division of Real Estate at 1-303-894-2166.
  • Colorado required disclosure: "Regulated by the Colorado Division of Real Estate."

Contact & consumer notices (FL & CO residents)

By submitting a form, calculator estimate, or contact request, you confirm you are a resident of Florida or Colorado and provide express written consent for Simply Approved Mortgages and its agents to contact you at the phone number(s) and email address(es) you provide — including any wireless number — by live agent, prerecorded/artificial voice, SMS/MMS text, email, and AI-assisted voice, chat, or follow-up, even if the number is on any state or federal Do Not Call registry. Consent is not a condition of any loan or service. Message and data rates may apply. You may opt out at any time by replying STOP to any text, clicking unsubscribe in any email, or contacting us below.

Simply Approved Mortgages is a licensed mortgage brokerage (NMLS #2620881) and is not affiliated with, or acting on behalf of, HUD, FHA, or any other government agency. Reverse mortgage loans are funded by third-party HUD-approved HECM wholesale lenders. Equal Housing Opportunity.

References

References & sources

Every statistic, program rule, and regulatory claim on this page is sourced from the primary U.S. government agencies and industry bodies listed below. We never source program facts from competing brokers, blogs, or unverified secondary sources.

  1. HUD — Find a HECM Counselor
  2. HUD — HECM Program
  3. CFPB — Reverse Mortgages
  4. Colorado regulator

Source links are maintained by Simply Approved Mortgages and verified periodically. Federal program rules can change — always confirm current-year specifics with HUD, the CFPB, or a HUD-approved counselor before acting on any information on this page.

Free reverse mortgage calculator

Estimate what you could qualify for in about a minute

Enter a few details about your age, home, and goals. We'll show you an estimated HECM benefit, a complimentary home value estimate, and connect you with a Simply Approved Mortgages reverse mortgage loan officer.

From the blog

Related reverse mortgage articles, rate updates & HECM guides

Visit the blog →

New reverse mortgage articles are publishing soon. In the meantime, browse upcoming categories:

Documentation

Documents required for a reverse mortgage

When you apply for a HECM reverse mortgage, your lender will request documents that verify your identity, property ownership, income, and assets. Gathering these in advance can speed up your estimate and application.

  • Government-issued photo ID

    Current driver’s license, passport, or state-issued ID.

  • Social Security number verification

    Social Security card or award letter showing your SSN.

  • Current mortgage statement

    Most recent statement if refinancing; purchase agreement if buying.

  • Homeowner’s insurance declarations page

    Shows current coverage, premium, and mortgagee clause.

  • Property tax statement or receipt

    Latest county tax bill showing taxes are current or payment history.

  • Bank statements

    Last 1-2 months to verify closing funds and residual reserves.

  • Investment or retirement accounts

    Recent statements for IRA, 401(k), brokerage, or other liquid assets.

  • HOA or condo information

    Homeowners association statement or condo questionnaire if applicable.

  • Trust or title vesting documents

    Required when the home is held in a living trust or entity.

  • Flood insurance declaration

    Current policy if the property is in a flood zone.

  • HUD-approved counseling certificate

    Required before loan application. Obtained from a HUD-approved reverse mortgage counselor.

Learn more about HUD-required counseling

Credit & pre-approval

Why we pull credit for your reverse mortgage pre-approval

HUD requires a Financial Assessment for every HECM reverse mortgage, including a review of your credit history and record of paying property taxes and homeowners insurance. As part of our standard broker/lender pre-approval process, we typically order a tri-merge credit report through a HUD-approved credit vendor to verify identity, review obligations, and confirm that you can continue paying property taxes, homeowners insurance, and maintenance after closing. Whether a tri-merge is required, and any fees, are set by the wholesale lender and credit vendor — not by HUD as a stand-alone rule.

Pay for your credit report — SmartPay

Simply Approved Mortgages uses SmartPay to securely collect the credit report fee for your reverse mortgage pre-approval. Payment goes directly to the credit vendor — not to us — and unlocks a tri-merge credit report (Equifax, Experian, TransUnion) that your loan officer uses to complete the broker/lender pre-approval file for HUD's Financial Assessment.

  • Secure, PCI-compliant checkout hosted by SmartPay
  • Standard step in our broker/lender pre-approval process (not a HUD stand-alone requirement)
  • Optional — you can decline; your loan officer will explain any impact on your options
Pay for credit report securely

You'll be redirected to cic.cra.xedalink.net (SmartPay).

Check your credit first — $1 trial at MyITINCredit

Before you apply, it's smart to know exactly where your credit stands. MyITINCredit offers a $1 trial for 15 days that includes all three credit reports and scores (Equifax, Experian, TransUnion), plus ongoing credit monitoring so you can catch errors, dispute inaccuracies, and watch for identity theft.

  • See all 3 bureau reports & scores before your lender does
  • Ongoing monitoring alerts you to new accounts or score changes
  • Fix errors early — cleaner credit can widen your reverse mortgage options
Start $1 / 15-day trial

You'll be redirected to myitincredit.com. Third-party service — terms apply.

Credit report fees are paid directly to the credit vendor. Simply Approved Mortgages (NMLS #2620881) does not receive compensation from these credit services. MyITINCredit is an independent third-party service; pricing, terms, and features are set by that provider.

Add Simply Approved Mortgages as a preferred source on Google

If our reverse mortgage explainers are useful to you, Google lets you choose which publishers you see more of. In Google Search, run a search on a topic you follow, open Preferred sources from the Top stories panel, search for Simply Approved Mortgages, and select it. The setting lives in your own Google account, applies only to what you see, and can be changed or removed at any time.

How preferred sources work in Google Search →

Simply Approved Mortgages is not affiliated with, endorsed by or approved by Google, and selecting a preferred source does not change search rankings for anyone else.

Next step

Ready to See Your Reverse Mortgage Numbers?

Get your personalized HECM estimate from a Simply Approved Mortgages licensed loan officer, or run the numbers yourself with our calculator — free and with no obligation.

Get my estimateUse the calculator