--- title: "Colorado Reverse Mortgage Guide (HECM 2026)" description: "Colorado HECM reverse mortgage guide for homeowners 62+. Learn how FHA lending limits affect Colorado properties, what state consumer protections apply, how H" lang: en json-ld: | [ { "@context": "https://schema.org", "@type": "WebSite", "name": "HECMAcademy", "url": "https://hecmacademy.com", "description": "Independent, plain-English reverse mortgage education for U.S. homeowners age 62 and older. 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Includes a free calculator and eligibility checklist.", "url": "https://hecmacademy.com/reverse-mortgage/colorado", "areaServed": { "@type": "State", "name": "Colorado" }, "provider": { "@type": "Organization", "name": "HECMAcademy", "url": "https://hecmacademy.com" } }, { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "Are HECMs available in Colorado?", "acceptedAnswer": { "@type": "Answer", "text": "Yes. HECMs are available throughout Colorado, including rural and mountain communities. Any FHA-approved lender licensed in Colorado can originate a HECM on an eligible primary residence." } }, { "@type": "Question", "name": "Does Colorado require additional reverse mortgage counseling beyond federal requirements?", "acceptedAnswer": { "@type": "Answer", "text": "No. Colorado relies on the federal HUD counseling mandate. Before any HECM application, you must complete a one-on-one session with a HUD-approved independent counselor — but there is no additional Colorado-specific counseling requirement." } }, { "@type": "Question", "name": "How do Colorado property taxes interact with a HECM?", "acceptedAnswer": { "@type": "Answer", "text": "Colorado HECM borrowers must keep property taxes current. Colorado offers a Senior Property Tax Exemption that exempts 50% of the first $200,000 of a primary residence's value for qualifying seniors 65 and older who have lived in their home for at least 10 years. This can meaningfully reduce annual tax obligations — important when holding a HECM." } }, { "@type": "Question", "name": "What if I have a HELOC on my Colorado home?", "acceptedAnswer": { "@type": "Answer", "text": "An existing HELOC must be paid off and the line closed at HECM closing, because a HECM must be the first and only lien. The HELOC payoff typically comes from HECM proceeds. If your HELOC balance is high relative to available equity, a lender will assess whether the HECM makes financial sense after payoff." } }, { "@type": "Question", "name": "Where can I find a HUD-approved HECM counselor in Colorado?", "acceptedAnswer": { "@type": "Answer", "text": "Use the HUD HECM Counselor Search (link above) filtered to Colorado. Phone counseling is widely available, making it accessible to homeowners in rural or mountain communities across the state." } } ] } ] --- Free HECM guidance — no sales pressure Mon–Fri, 9am–6pm ET [Contact](/contact) [![HECMAcademy — reverse mortgage education](/__l5e/assets-v1/11c6d22b-7f84-4add-8068-34dad2c8a5b7/hecmacademy-logo.png)](/) [How it works](/#how) Learn [Free Guide](/guide)[FAQ](/faq)[Blog](/blog)[Retirement Tax Guide](/retirement-tax-guide)[Heirs Guide](/heirs-guide) By State [California](/reverse-mortgage/california)[Texas](/reverse-mortgage/texas)[Florida](/reverse-mortgage/florida)[Arizona](/reverse-mortgage/arizona)[Colorado](/reverse-mortgage/colorado)[Virginia](/reverse-mortgage/virginia)[Utah](/reverse-mortgage/utah)[Washington](/reverse-mortgage/washington)[Ohio](/reverse-mortgage/ohio)[Illinois](/reverse-mortgage/illinois)[Maryland](/reverse-mortgage/maryland)[North Carolina](/reverse-mortgage/north-carolina)[Oregon](/reverse-mortgage/oregon)[Hawaii](/reverse-mortgage/hawaii) [All states →](/reverse-mortgage) [Calculator](/calculator)[About](/about) [Expert advisor (888) 203-8887 Mon–Fri, 9am–6pm ET ](tel:+18882038887)[Check Eligibility](/#quickcheck) [](tel:+18882038887)[Check Eligibility](/#quickcheck) [HECMAcademy](/) / [State Guides](/reverse-mortgage) / Colorado State Guide # Reverse Mortgage (HECM) Guide for Colorado Homeowners 62+ Colorado has approximately 370,000 homeowner households led by someone 62 or older. The state's median home value of $490,000 — pushed higher by the Denver metro, Boulder, and Front Range growth — means many Colorado seniors have built meaningful equity. For retirees managing rising costs in a high-cost state, a HECM can provide supplemental income or eliminate monthly mortgage payments. Source: U.S. Census Bureau ACS 2022 1-Year Estimates (Table B25077); U.S. Census Bureau ACS 2022 1-Year Estimates (Table B25007) 2026 FHA Lending Limit ## $1,249,125 Colorado's median home values fall comfortably below the 2026 FHA HECM limit of $1,249,125, so most Colorado homeowners can calculate HECM proceeds against their full appraised value. Luxury mountain properties in markets like Aspen or Vail may exceed the cap. Source: HUD Mortgagee Letter 2025-21 ## Colorado Reverse Mortgage Protections Colorado follows federal HUD requirements for HECM counseling without adding separate state mandates specific to reverse mortgages. Colorado's general mortgage lending statutes (C.R.S. § 5-3.5) provide baseline consumer protections, and the state's Division of Banking oversees lender conduct. Source: Colorado Revised Statutes § 5-3.5; Colorado Division of Banking ## HUD-Approved Counseling in Colorado Federal law requires an independent counseling session before any HECM application. Counseling can be done by phone and typically takes 60–90 minutes. [Find a HUD-approved counselor in Colorado →](https://hudapps.hud.gov/HUDApps/HECMCounselorsApp/?state=CO) ## Colorado HECM FAQ ### Are HECMs available in Colorado? Yes. HECMs are available throughout Colorado, including rural and mountain communities. Any FHA-approved lender licensed in Colorado can originate a HECM on an eligible primary residence. ### Does Colorado require additional reverse mortgage counseling beyond federal requirements? No. Colorado relies on the federal HUD counseling mandate. Before any HECM application, you must complete a one-on-one session with a HUD-approved independent counselor — but there is no additional Colorado-specific counseling requirement. ### How do Colorado property taxes interact with a HECM? Colorado HECM borrowers must keep property taxes current. Colorado offers a Senior Property Tax Exemption that exempts 50% of the first $200,000 of a primary residence's value for qualifying seniors 65 and older who have lived in their home for at least 10 years. This can meaningfully reduce annual tax obligations — important when holding a HECM. ### What if I have a HELOC on my Colorado home? An existing HELOC must be paid off and the line closed at HECM closing, because a HECM must be the first and only lien. The HELOC payoff typically comes from HECM proceeds. If your HELOC balance is high relative to available equity, a lender will assess whether the HECM makes financial sense after payoff. ### Where can I find a HUD-approved HECM counselor in Colorado? Use the HUD HECM Counselor Search (link above) filtered to Colorado. Phone counseling is widely available, making it accessible to homeowners in rural or mountain communities across the state. ### Compare nearby states - [Reverse Mortgage Guide for Arizona →](/reverse-mortgage/arizona) - [Reverse Mortgage Guide for Utah →](/reverse-mortgage/utah) [Estimate your HECM — Colorado homeowners →](/#prequal?src=state_colorado) Reviewed by the HECMAcademy Editorial Team · Last updated June 2026 · [How we vet this content](/about#editorial-standards) ## Get the Free HECM Guide (PDF) An 8-page plain-English guide to how the FHA HECM works — sent straight to your inbox. Company website First nameLast name EmailPhoneZIP code Age range 55-6162-6970-7980+ I agree to receive calls and texts from HECM Academy about reverse mortgages. Not required to get the guide. Reply STOP to opt out. Send Me the Guide We never sell your information. [Privacy policy](/privacy-policy). HECMAcademy is not a lender. This is educational information only. By submitting, you agree to receive our free HECM educational guide and follow-up emails. Unsubscribe anytime. Talk to a HUD-approved counselor Free, independent, and required before any HECM. Not affiliated with HECMAcademy. [1-800-569-4287](tel:+18005694287)[Search by ZIP →](https://hud.gov/program_offices/housing/sfh/hcc/hcs.cfm) HECMAcademy Independent education for homeowners 62+ exploring HECM and jumbo proprietary reverse mortgages. Not a lender, broker, or financial advisor. Learn - [Blog](/blog) - [FAQ](/faq) - [Free HECM Guide](/guide) - [Heirs Guide](/heirs-guide) - [Retirement Tax Guide](/retirement-tax-guide) By State - [california](/reverse-mortgage/california) - [texas](/reverse-mortgage/texas) - [florida](/reverse-mortgage/florida) - [arizona](/reverse-mortgage/arizona) - [colorado](/reverse-mortgage/colorado) - [virginia](/reverse-mortgage/virginia) - [utah](/reverse-mortgage/utah) - [washington](/reverse-mortgage/washington) - [ohio](/reverse-mortgage/ohio) - [illinois](/reverse-mortgage/illinois) - [maryland](/reverse-mortgage/maryland) - [north carolina](/reverse-mortgage/north-carolina) - [oregon](/reverse-mortgage/oregon) - [hawaii](/reverse-mortgage/hawaii) [About](/about)[Contact](/contact)[Privacy](/privacy-policy)[Terms](/terms)[(888) 203-8887](tel:+18882038887) © 2026 HECMAcademy. All information is educational and not a loan commitment. HECM borrowers must remain current on property taxes, insurance, and maintenance. HECMAcademy is an independent consumer education platform. We are not affiliated with, endorsed by, or connected to any lender, mortgage banker, or bank, including any company using a similar name. [Check Eligibility](/#quickcheck)[Call](tel:+18882038887)