Serving Lakewood, CO
Reverse Mortgages in Lakewood
HECM Education for Lakewood Homeowners
Why Lakewood homeowners are exploring reverse mortgages
Lakewood is where a lot of Denver-area families settled decades ago and never left. It's close enough to downtown to be convenient, close enough to the foothills to feel like an escape, and established enough that many homeowners here have lived in the same house for 20, 30, even 40 years. That means two things: substantial equity, and a deep attachment to staying put.
The challenge is what everyone on the Front Range faces — rising costs. You own a home worth around $550,000, more if you're in Applewood or Green Mountain. Property assessments jump, insurance climbs, and living on a fixed income near Denver isn't cheap. Your home equity is the largest asset you own, and month to month it isn't doing anything for you.
A HECM changes that. It can eliminate a remaining mortgage payment, open a line of credit that grows over time, and give you cash to draw when the market is down or an expense hits. For a long-term Lakewood homeowner, it's the rational way to tap decades of equity without leaving the community you built your life around. Read about property taxes and your HECM →
Lakewood housing snapshot
$550,000
Median home value
40,000+
Population 65+
$1,249,125
2026 FHA lending limit
Neighborhood & community values
What makes Lakewood unique for reverse mortgages
Colorado's Senior Property Tax Exemption
Colorado exempts 50% of the first $200,000 of a home's actual value for homeowners 65+ who have owned and lived in the home 10+ years. Many Lakewood residents have owned their homes for decades, so this exemption applies squarely — and combined with a HECM that eliminates the mortgage payment, it cuts two big housing costs at once.
Decades of equity, ready to use
Lakewood's long-tenured homeowners have ridden the Front Range's appreciation for years. That built-up equity is exactly what a HECM is designed to unlock — turning a paid-down or paid-off home into cash flow or a growing line of credit, without a monthly mortgage payment.
Townhomes and condos qualify metro-wide
Lakewood's housing stock includes plenty of townhomes and FHA-approved condos, especially around Belmar and the light-rail corridors — all HECM-eligible. That widens access beyond single-family homes for residents who downsized into attached housing.
Foothills weather is hard on homes
West-metro homes near the foothills take a beating from freeze-thaw cycles, hail, and hard winters. Roofs and furnaces don't last forever, and replacement isn't optional. HECM proceeds let you cover a new roof or a $7,000 furnace from equity instead of emergency savings.
How much can Lakewood homeowners get?
Based on a median home value of $550,000 in the Lakewood area, a typical HECM borrower at current rates might access, after typical closing costs:
Age 65
30-38%
of home value
Age 75
40-48%
of home value
Age 85
50-59%
of home value
These are approximate net ranges after typical closing costs (upfront FHA mortgage insurance, origination, and third-party fees), based on typical expected rates. Your actual amount depends on age, home value, and current rates. Use our free calculator for a personalized estimate or see full amount tables.
Reverse mortgage rates and lenders in Lakewood
Here's something most Lakewood homeowners don't realize: reverse mortgage rates aren't local. A HECM rate is set by a national index plus the lender's margin — the same whether your home is in Lakewood or anywhere else in Colorado. What changes by location is your home's value, which affects how much you can borrow, not the rate you pay. See how reverse mortgage rates work for today's picture.
You also don't need a big-bank branch in Lakewood to get a HECM. I'm JP Dauber, a licensed HECM specialist (NMLS# 386298) working with Lakewood homeowners directly — by phone, video, and email, on your schedule. No storefront, no pressure. More about how I work, or reach out for a Lakewood estimate.