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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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Great! It looks like your home value estimate is about

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.
Your Age
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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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From America's #1 Rated Reverse Mortgage Lender

Top 20 Reverse Mortgage Lenders in Connecticut

LenderRatingYears in BusinessStars (0-5)Good Review %ComplaintsBBB Review
Advisors Mortgage GroupA+241.80/536.0%5Source
American Advisors Group (AAG)A194.70/594.0%61Source
American Pacific MortgageF281.75/535.0%13Source
Ennkar Inc.A+144.00/580.0%3Source
Fairway Independent MortgageA+284.43/588.6%38Source
Finance of America Reverse LLC (FAR)A+201.00/520.0%21Source
GoodLife Home LoansA+124.43/588.6%0Source
Guild Mortgage Company (Formerly Cherry Creek LLC)A+641.36/527.2%41Source
HighTechLending IncA+184.93/598.6%0Source
Liberty Home Equity Solutions Inc.A+211.00/520.0%3Source
Longbridge Financial LLCA+123.95/579.0%17Source
Mid America Mortgage Inc.A+653.00/560.0%0Source
MoneyhouseNRNANANA0Source
Movement Mortgage, LLCA+174.80/595.6%111Source
Mutual of Omaha MortgageA+114.72/594.452Source
Open Mortgage LLCA+212.60/552.0%1Source
Plaza Home Mortgage IncA+232.29/545.8%18Source
Smartfi Home LoansA+5NANA0Source
South River Mortgage, LLCA+52.43/548.6%15Source
Top 20 HECM lenders reported by https://www.rminsight.net/wp-content/uploads/2024/06/Lenders_202405.pdf. (Reviews Updated: September 1, 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

HUD Approved Direct Lender

Connecticut lenders map coverage

 

Connecticut Lending Limits

Connecticut is the southernmost state in the New England region, the 29th-most populous state in the Union and the 48th largest in land area. As of 2017, it had an estimated population of 3,588,184, with the most affluent and populated areas being on the state’s Western side. As of 2017, 625,498 residents were age 62 and older, and more than 76% of residents 65 and older were homeowners.

Beginning in 1614, the Dutch were the first Europeans in the area, but the English established the first major settlements in Connecticut in the 1630s. Founded as one of the original 13 colonies in 1662, Connecticut was the fifth state to enter the union in 1788. Because of its contributions in the Revolutionary War, it is sometimes known as the “Constitution State” or the “Provisions State.”

Once the state’s industrial center, the seaport town of Bridgeport is now the largest city in Connecticut, with an estimated population of 151,267. Showman P.T. Barnum housed his famous circus in Bridgeport during the winters of the nineteenth century. The city also claims the first Subway restaurant and is home to the Frisbee. The next largest city is New Haven, home to Yale University.

Because of its location on the coast, Connecticut’s climate varies. Most of the state has mild, humid summers and cold winters. Along the water, winters are milder, and summers are hotter and humid. Winters bring snow, and summers have thunderstorms, with the occasional—usually indirect—effects of hurricane season.

Following Bridgeport and New Haven, Stamford and Hartford are the next biggest cities. The main industries are insurance and finance, and the state boasts the highest per capita income in the nation. 19 Fortune 500 companies, including General Electric, Aetna, and Xerox, call Connecticut home.

With its picturesque New England charm and centuries-old history, tourism is a thriving industry in this state. In 2006, tourism, combined with art, film, and history, was said to have brought in $14 billion.

As of January 2023, the median home value in Connecticut is $359,995, which is up 10.8% from this time last year. With this as a median, many homes in the state fall under the federal maximum reverse mortgage lending limit of $1,149,825 that applies to all HECM loans. For more borrowing power above the federal limit, there are jumbo reverse mortgage programs available.

If you reside in Connecticut, All Reverse Mortgage, Inc. (ARLO™) is here to answer your questions.

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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