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Important update: Cherry Creek Mortgage is now partnering with Guild Mortgage.
Already working with a Cherry Creek Mortgage loan officer? Find them on the Guild Mortgage website.

The Reverse Mortgage Process in 8 Simple Steps

Since 1988, reverse mortgages have helped those of retirement age tap into their home equity and turn it into cash, which they can then use for any purpose they choose.

Here, you’ll gain better insight into what you can expect during the reverse mortgage process.

We’ll also help you find answers to questions like:

  • How do I apply for a reverse mortgage?
  • How long does it take to get a reverse mortgage?
  • What does the reverse mortgage process look like?

Step 1: Do Your Research

Step 2: Contact a Licensed Loan Officer & Request a Proposal

Step 3: Complete an Initial Application

Step 4: Attend a Reverse Mortgage Counseling Session

Step 5: Complete an Appraisal

Step 6: Complete an Underwriting Review

Step 7: Loan Closing

Step 8: Loan Disbursement

What step are you currently on in the reverse mortgage process?

If you have questions or concerns at any point, our reverse mortgage experts are standing by to assist.

Instantly Get Your Reverse Mortgage Info Kit

What is the property address?

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Guild Mortgage, LLC NMLS #3274. Equal housing opportunity. Guild Mortgage borrowers must maintain the property and keep current property taxes, homeowner’s insurance and HOA dues. This material is not from HUD or FHA, nor was this approved, endorsed by, or on behalf of any Government Agency. For licensing see