The Federal Savings Bank

Colorado Reverse Mortgage Lender

Are you over age 62 and would like to lower your interest rate or mortgage payment? You may be able to do just that with a new HECM* program from The Federal Savings Bank.

The Federal Savings Bank
Serving the Greater Denver Area including Aurora, Lakewood, Fort Collin, Loveland, Arvada, Westminster, Boulder, Thornton, Littleton, Broomfield, Highlands Ranch
600 17th Street
Denver, CO 80202
ph: 720-663-7434

Home

COVID-19 Advisory: Business operations are being affected
Due to ongoing precautionary measures, Appointments are being done by phone and online video conference.
Appraisers for everyone’s safety are making appointments for a walk around homes and looking in windows only.

Discover a HECM Reverse Mortgage

Traditionally known as a reverse mortgage or Home Equity Conversion Mortgage (HECM),is a federally insured home loan that allows you to eliminate monthly mortgage payments (except for taxes and insurance) and convert part of your home's equity into cash.

According to AARP, 90% of the people over age 65 want to age in place, and stay in their current home as long as possible. Are you financially prepared?

A Home Equity Conversion (HECM) loan can be the right solution to allow you to age in place and live more comfortably. The HECM loan is designed for senior homeowners to have access to a portion of their home equity, leaving you in your home with no monthly mortgage payment.

Contact Us Now

Why call some 800 number

Call

720-663-7434

and talk with one of our local experienced Reverse Mortgage Experts to discover how a HECM Reverse Mortgage can help your retirement.

You AND not the bank, will retain the title and ownership!

Why Consider a Reverse Mortgage?

No matter what your needs may be, a Reverse Mortgage may help you:

• Eliminate or lower monthly mortgage payments *

• Right size to a smaller, lower maintenance home

• Lower your cost of living during retirement

• Enjoy carefree living in a senior housing community

Eligibility

• One titleholder must be 62 years or older

• Home must be a primary residence

• Property must be a single-family home, 2 to 4 unit dwelling, or a FHA approved condominium

• Borrower must complete a HUD approved counseling session

Not all borrower’s or properties will qualify The borrower will be responsible for paying property charges including homeowners insurance, taxes, and maintenance of home for the term of the loan. The Federal Savings Bank NMLS# 479637