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Parker, Colorado 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 Parker 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 Parker region.
In 2021, the median home value in Parker is approximately $695,534. The current maximum lending limit for FHA-insured reverse mortgages in 2022 is $970,800. This means nearly all homes in Parker* 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.
Parker is the second-largest city in Douglas County, Colorado with a population of 57,706, in 2019. Several native peoples lived in the area including the Plains Woodland, Utes, Arapaho, and Cheyenne. Early settlers began to transit the region when the Pine Grove Way Station was established by Alfred Butters, selling provisions and providing an overnight waypoint for weary travelers. The Station was purchased by George Long and moved to its present location on Main Street along the junction of stage routes. The newly-relocated station was later called Twenty Mile House, for its distance from Denver. The settlement and city were named after two brothers, James & George Parker. It wasn’t until 1981 that Parker was formally incorporated.
Local attractions in Parker include Parker Fieldhouse, H2O'Brien Pool, Downtown Brewing, and the Sulphur Gulch Trail.
Contact your Parker, Colorado and Douglas County reverse mortgage lender today. 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.
Call Brian today at (720) 702-4619 to learn more or complete the steps here to get your free quote.
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