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Compare Connecticut's Best Reverse Mortgages
Compare Connecticut's Best Reverse Mortgages
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Connecticut's #1 Reverse Mortgage

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In your current area 100 homeowners are currently utilizing reverse mortgages to better enhance their retirement years, with 500,000 nationwide!

The amount you receive is based on your home’s value, your age, and current interest rates. Let’s start with your address so I can estimate your home value…
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If you feel this estimate is not correct you can manually change it below. If you have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!

Please provide your estimated home value

If you presently have an existing mortgage balance, I'll need to know the amount we are going to pay off to get rid of that mortgage payment!
(Our calculations use estimated property values provided by Estated.com. An independent HUD-approved appraiser must complete an appraisal to finalize your loan)
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The minimum qualifying age for a reverse mortgage is 55

Don’t forget to include your spouse’s age, even if they are not yet 55, as loan proceeds are always based on the age of the youngest spouse.
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Your personalized results include the best of 2024's reverse mortgages
  • Side-by-side loan comparisons
  • Real-time interest rates
  • ARLO™ advice to help you select the right program
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2021 BBB Torch Award Finalist
Best Reverse Mortgage Lender
Best Reverse Mortgage Website
Best Reverse Mortgage Website

Top 20 Reverse Mortgage Lenders in Connecticut

LenderRatingYears in BusinessStars (0-5)Good Review %ComplaintsBBB Review
Advisors Mortgage GroupA+252.00/540.0%5Source
American Advisors Group (AAG)A194.69/593.8%56Source
American Pacific MortgageF281.75/535.0%13Source
Ennkar Inc.A+144.00/580.0%3Source
Fairway Independent MortgageA+284.41/588.2%37Source
Finance of America Reverse LLC (FAR)A+211.00/520.0%22Source
GoodLife Home LoansA+124.43/588.6%0Source
Guild Mortgage Company (Formerly Cherry Creek LLC)A+641.36/527.2%39Source
HighTechLending IncA+184.93/598.6%0Source
Liberty Home Equity Solutions Inc.A+211.00/520.0%3Source
Longbridge Financial LLCA+123.94/578.8%18Source
Mid America Mortgage Inc.A+653.00/560.0%0Source
MoneyhouseNR27NANA0Source
Movement Mortgage, LLCA+174.80/595.6%109Source
Mutual of Omaha MortgageA+114.61/592.2%45Source
Open Mortgage LLCA+212.60/552.0%1Source
Plaza Home Mortgage IncA+232.38/547.6%17Source
Smartfi Home LoansA+5NANA0Source
South River Mortgage, LLCA+52.62/552.4%15Source
This chart compares the top 20 reverse mortgage lenders in the U.S. based on national rankings, displaying key metrics such as their BBB (Better Business Bureau) rating, years in business, average star rating, percentage of positive reviews, number of complaints, and sources of reviews. Top 20 HECM lenders reported by https://www.rminsight.net/wp-content/uploads/2024/06/Lenders_202405.pdf. (Reviews Updated: October 22, 2024).

Connecticut Reverse Mortgage Facts

StateHomeowners Age 62+Reverse Mortgages Closed Last 12 MonthsPurchase Reverse Mortgages Closed Last 12 MonthsLenders in ConnecticutAvg. Home Value
Connecticut194,88995643112$359,995

Connecticut lenders map coverage

Connecticut Reverse Mortgage Lending Limits

Connecticut, the southernmost state in New England, is the 29th most populous state in the U.S. As of 2024, the state has an estimated population of approximately 3.6 million residents, with the most affluent and populated areas in its western region. Around 625,000 residents are aged 62 and older, and more than 76% of those 65 and older are homeowners.

Connecticut’s Rich History and Economy

The Dutch were the first Europeans to explore the area in 1614, but the English established the first permanent settlements in the 1630s. Connecticut, one of the original 13 colonies, became the fifth state to join the Union in 1788. Due to its contributions during the Revolutionary War, the state is sometimes called the “Constitution State” or the “Provisions State.”

Bridgeport, Connecticut’s largest city, has a population of about 150,000 and was once the state’s industrial hub. It also served as the winter home for P.T. Barnum’s circus during the 19th century. Other significant cities include New Haven, home to Yale University, Stamford, and the capital, Hartford. The insurance and finance sectors dominate the state’s economy, and Connecticut boasts the highest per capita income in the nation. Nineteen Fortune 500 companies, including General Electric, Aetna, and Xerox, are headquartered here.

Climate and Lifestyle

Connecticut’s climate varies across the state. Most regions experience humid summers and cold winters, with coastal areas experiencing milder winters and hotter summers. Snow is common in winter, and summers occasionally bring thunderstorms and the indirect effects of hurricanes.

Reverse Mortgage Opportunities in Connecticut

As of January 2024, the median home value in Connecticut is $365,200, which represents a 10.8% increase over the previous year. Given this median value, many Connecticut homes fall under the federal reverse mortgage lending limit of $1,149,825, making them eligible for HECM (Home Equity Conversion Mortgage) loans. For homes valued above this limit, proprietary jumbo reverse mortgage programs are available for more borrowing power.

Connecticut Approved Reverse Mortgage Counseling Agencies

NameAgency IDAddressPhoneWeb Site
BRIDGEPORT NEIGHBORHOOD TRUST80835570 STATE ST
BRIDGEPORT, CT 06604-4500
(203) 290-4255https://www.bntweb.org

Did you know? Connecticut state does not mandate in-person counseling. Visit our counseling page for a list of phone-based counseling agencies and conduct your required counseling from the comfort of your home.

Additional Resources:
Reversemortgage.org NRMLA Members in Connecticut: https://www.reversemortgage.org/Find-a-Lender/state/CT
HUD.GOV Approved Lenders Search: https://www.hud.gov/program_offices/housing/sfh/lender/lenderlist

Author Michael Branson
About the Author, Michael G. Branson | Mike@allreverse.com
Michael G. Branson CEO, All Reverse Mortgage, Inc. and moderator of ARLO™ has 45 years of experience in the mortgage banking industry. He has devoted the past 19 years to reverse mortgages exclusively.
Connecticut Reverse Mortgages
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