Take out a home loan or reverse mortgage
If you live in a single family residence and are having difficulty affording the property consider getting a home loan or a reverse mortgage if you qualify.
No matter what your age Colorado highly recommends that you seek out a housing counseling agency offer guidance on homebuying, renting, reverse mortgages and default and foreclosure prevention. There are also agencies that offer specific foreclosure avoidance counseling.
Foreclosure Avoidance Counseling – CLICK HERE
HUD Approved Housing Counseling Agencies – CLICK HERE
Reverse Mortgage – CLICK HERE
Reverse mortgages are increasing in popularity with seniors who have equity in their homes and want to supplement their income.
Additional assistance to help you afford your single family residence
Area Agency on Aging (AAA)
An Area Agency on Aging (AAA) is a public nonprofit agency designated by a state to address the needs and concerns of all older persons at the regional and local levels. AAAs are primarily responsible for a geographic area, also known as a planning and service area (PSA), that is either a city, a single county, or a multi-county district. AAAs coordinate and offer services that help older adults remain in their homes, if that is their preference, aided by services such as home-delivered meals, homemaker assistance, and whatever else it may take to make independent living a viable option.
Find your local AAA by visiting their website or calling 1-800-677-1116.
2-1-1 is a confidential and multilingual service connecting people to vital resources across the state. No matter where you live in Colorado, you can find information about resources in your local community. Dial 2-1-1 from your phone or visit their website.
Get a Roommate – CLICK HERE
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