Shop the best deals for Castle Rock, Colorado reverse mortgages. Meet Brian Hinton.
Reverse Mortgage Planner
Castle Rock Reverse Mortgage Lenders
Fit Lending is a local Colorado mortgage brokerage firm, founded on the principle of providing a better mortgage experience for clients through transparency, honesty, and integrity. Brian and his team pride themselves on the personalized service and commitment for each and every borrower.
Each of our originators has a team of experienced professionals who are familiar with the specific needs of homeowners in Castle Rock and Douglas County. We can walk you through the questions you’re certain to have and the process, should you decide to utilize your home’s value to create more cash flow in retirement.
How many of your neighbors have done a reverse mortgage? Here are some interesting facts about reverse mortgages and the housing market in the greater Castle Rock area.
499 people in or within 10 miles of Castle Rock already have a reverse mortgage and are familiar with the benefits of the loan. In just the last 12 months 114 more homeowners took out a federally-insured reverse mortgage.
In 2021, the median home value in Castle Rock is approximately $657,041. The current maximum lending limit for FHA-insured reverse mortgages in 2022 is $970,800 which means nearly all homes in Castle Rock* would see most, if not all of their full home value considered in the calculation of the potential maximum reverse mortgage loan benefit. Homes above $970,800 may choose to apply for a private jumbo reverse mortgage for higher-valued properties.
Reverse mortgages calculate the maximum available loan benefit (before fees, costs, and lien payoffs) for qualified borrowers; based on the home’s appraised value, the age of the youngest borrower or named non-borrowing spouse, and the current/starting effective interest rate.
About Castle Rock, Colorado
In 2019, Castle Rock’s population was 62,417. The city is the county seat of Douglas County. Looking above the city is the prominent castle-shaped rock butte, which inspired the town’s name. First populated by the native peoples of the plains, the settlers that followed were drawn by the Homestead Act of 1862. It was the mining of rhyolite stone that attracted the first residents. Several buildings, such as the Castle Rock Depot, the First National Bank of Douglas County, and the Keystone Hotel are registered as historic buildings. The city was incorporated in 1874, at which time Douglas County selected it as the official county seat, due to its central location.
The city sits at an elevation of 6,224 feet, near the Rampart Range, in the Rocky Mountains. East Plum Creek flows through the city. Many residents who live in Castle Rock make the 20-minute commute to Colorado Springs.
Local attractions include Castlewood Canyon State Park, Rock Park, and the Cherokee Ranch & Castle.
Brian Hinton and his team at Fit Lending are ready to answer any questions or concerns you may have about a reverse mortgage. It's important to get the facts first, discuss your unique goals and needs, and see how much you may be able to qualify for with a reverse mortgage.
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