Reverse mortgages are a powerful tool and help seniors obtain tax-free cash flow and to enhance their retirement lifestyle.

"When Experience Counts"

Virginia will come to your home for a private consultation to discuss your needs and find out what a reverse mortgage can do for you.
Learn How a Reverse Mortgage Works. How to qualify for a Reverse Mortgage.

719-520-3326 Direct

866-260-6713 Toll Free



Virginia offers specialized knowledge about aging and the important health, financial and social issues that affect the majority of seniors.

Economic Stimulus Increases Loan Amounts

for Reverse Mortgages!


The new economic stimulus package, signed in January 2009 contains several changes that equate to very exciting news for seniors seeking a Reverse Mortgage! One of these changes increases loan limits, from $417,000 up to $625,500!


Higher loan limits means that people who previously did not qualify for a reverse mortgage due to the national limit of $417,000, and those subject to a cap of $417,000 may now be able to participate in this exciting program! Raising limits to $625,500, equates to more funds available for qualifying seniors!


Reverse Mortgages are a unique source of added income for seniors over the age of 62. The reverse mortgage does not have to be repaid until the senior chooses to moves, sells the property or passes away. There are no mortgage payments to be made, no penalties for early payment and this is a non-recourse loan.





For More Information on How a Reverse Mortgage Can Help You, or Your Parents Live More Comfortably Feel Free to Contact Virginia Berry of Reverse Mortgage Focus at 719.520.3326.


“When Experience Counts”

Find Out What a Reverse Mortgage Can Do for You


Regulated by the Division of Real Estate


**These materials are not from HUD or FHA and were not approved by HUD or a government agency.

Virginia's clients are happy to endorse and refer her to their friends who want personal experienced help with a reverse mortgage.

Click button to view video of Virginia's client testimonials.

Over 62? Downsizing, Right-Sizing or Looking to Relocate?  Check out the New Reverse Mortgage Purchase Program!


For the first time since it’s inception in 1989, seniors age 62 or older, can use their reverse mortgage to purchase a new property! This new program allows seniors to purchase a new principle residence and obtain a reverse mortgage within a single transaction – eliminating the need for a second closing and additional closing costs. The reverse mortgage purchase program also allows seniors to relocate to another city or state, bringing them closer to family or to a better climate.


What type of home is eligible for this purchase program?

Single-family homes, duplexes, triplexes and four-plexes are all eligible for purchase with the new reverse mortgage purchase program.



In light of the recent mortgage crisis, HUD has established guidelines to protect borrowers and avoid fraud, abuses and house flipping. Some of the guidelines include:


Construction must be completed on new homes and prior to closing the loan, a Certificate of Occupancy must be issued.

Funds must be verified by the lender prior to closing.

As with all reverse mortgages, counseling is required for all potential borrowers.

The standard three-day right of rescission period for a reverse mortgage is not applicable under the purchase program.

The newly purchased property must be occupied within sixty days of closing.

No liens against the property can exist upon closing.

Resale of a property cannot occur 90 days or fewer from the last sale.

Bridge loans or “gap” financing to meet down payment or cash requirements for the reverse mortgage are not permitted.

It should be noted that all reverse mortgage proceeds are based on the lesser of the appraised value or sales price.

Reverse mortgages for purchasing is a wonderful tool allowing seniors to supplement their retirement lifestyle. This program allows a senior to put more money in their pocket each month, eliminate costly home maintenance, re-locate to a better climate, to be closer to family, or simply to downsize.



Home  |   About Virginia Berry  |   What is a Reverse Mortgage?  |   Getting Started  |   Counseling  |   Testimonials  |   FAQs  |   Purchase Program | Articles  |   Contact Us

Regulated by the Colorado Division of Real Estate

Licensing: Colorado: LMB100018988 | Nationwide Mortgage Licensing System and Registry: #253702 | Company NMLS 1223741

Address of Corporate Office: 4520 Tierra Rojo Dr. Colorado Springs, CO 80926 | Copyright  © 2008-2014 Virginia Berry, CSA