Connecticut's #1 Reverse Mortgage
Reverse Mortgage Calculator
|Lender||Rating||Experience||Stars (0-5)||Good Reviews||Complaints||BBB|
|All Reverse Mortgage, Inc. (ARLO)||A+||19 Yrs.||4.9||99%||0||Source||Advisors Mortgage Group||A+||24 Yrs.||1.6||33%||6||Source|
|American Advisors Group (AAG)||A-||19 Yrs.||4.6||93%||88||Source|
|American Pacific Mortgage||F||27 Yrs.||1.0||20%||15||Source|
|Ennkar Inc.||A+||13 Yrs.||3.6||73%||3||Source|
|Fairway Independent Mortgage||A+||27 Yrs.||4.9||98%||43||Source|
|Finance of America Reverse LLC (FAR)||A+||20 Yrs.||1.5||31%||15||Source|
|GoodLife Home Loans||A+||11 Yrs.||4.4||88%||1||Source|
|Guild Mortgage Company (Formerly Cherry Creek LLC)||A+||63 Yrs.||1.3||26%||59||Source|
|HighTechLending Inc||NR||15 Yrs.||3.0||60%||1||Source|
|Liberty Home Equity Solutions Inc.||A+||20 Yrs.||1.00||20%||3||Source|
|Longbridge Financial LLC||A+||11 Yrs.||3.9||79%||17||Source|
|Mid America Mortgage Inc.||NR||64 Yrs.||3.0||60%||0||Source|
|Movement Mortgage, LLC||A+||16||4.7||95%||109||Source|
|Mutual of Omaha Mortgage||A+||10 Yrs.||4.8||96%||51||Source|
|Open Mortgage LLC||A+||20 Yrs.||2.7||54%||1||Source|
|Plaza Home Mortgage Inc||A+||22 Yrs.||1.7||35%||5||Source|
|Smartfi Home Loans||A+||4 Yrs.||NA||NA||0||Source|
|South River Mortgage, LLC||A+||4 Yrs.||2.3||46%||15||Source|
The BBB is one of the last review sites that does not accept monetary influence in their ratings or posted reviews.
All Reverse Mortgage, Inc. (ARLO™) is proud to be Connecticut's #1 Rated Reverse Mortgage Lender by the BBB with a Perfect 5.0 Stars and A+ Exemplary Rating. We currently lend in 16 states and all throughout Connecticut.
Since we started in 2004, our goal has remained simple: to offer the best terms with unbeatable customer service.
Compare our competitive rates and lower costs to any competitor and realize thousands more from your home’s equity!
The difference is clear, and we can’t wait to show you!
Connecticut Reverse Mortgage Facts
|State||Homeowners Age 62+||Reverse Mortgages Closed Last 12 Months||Purchase Reverse Mortgages Closed Last 12 Months||Lenders in Connecticut||Avg. Home Value|
HUD Approved Direct Lender
HUD Approved Direct Lender
All Reverse Mortgage, Inc. (ARLO™) is approved with the Department of Housing and Urban Development (HUD) to originate, underwrite and close the HUD Home Equity Conversion Mortgage (HECM, or “Heck-um”). The HECM is HUD’s acronym for the reverse mortgage program it administers for seniors who are 62 and older.
About All Reverse Mortgage, Inc. (ARLO™)
The owners and management of All Reverse were part of the team that wrote and sold the first fixed rate jumbo reverse mortgage in 2008 and as such, have extensive experience in jumbo or proprietary loan programs as well.
We are always looking for new products to offer to borrowers of high valued homes in the higher home priced markets that the HUD HECM may just not serve as well. Jumbo or proprietary programs typically offer much lower Principal Limits as they relate to values though so not all borrowers are better served with the jumbo programs.
Only a seasoned originator can readily inform borrowers which program will best suit their needs and the positives and negatives of each so that the borrower can make an informed decision.
It is no longer uncommon anywhere in the country for a market to be a solid HUD HECM market and then within just a short distance for a niche jumbo market to be located where there is a need for a jumbo program.
Therefore, homeowners aged 62 and above in all markets have seen that the reverse mortgage can be a very solid financial tool, and many are now seeking the reverse mortgage to augment their retirement plans and not so much the mortgage of last resort.
Everything from the elimination of existing mortgage payments to the line of credit that grows make reverse mortgage borrowers understand that this program allows them to utilize their homes to not only live comfortably in their family home, but to plan as well.
The southernmost state in the New England region, Connecticut is the 29th-most populous state in the Union and the 48th largest in terms of land area. As of 2017, it had an estimated population of 3,588,184, with the most affluent and populated areas being on the Western side of the state. 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, it 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 industrial center of the state, the seaport town of Bridgeport is 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 in the nineteenth century. The city also claims the first Subway restaurant and is home of the frisbee. The next largest city is New Haven, home to Yale University.
Because of its location on the coast, the climate in Connecticut 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 summer has thunderstorms with the occasional - usually indirect - effects of hurricane season.
Following Bridgeport and New Haven, Stamford and Hartford are the next biggest cities. 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 whis 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.
|Agency Name||Phone, Toll-Free,
|BRIDGEPORT NEIGHBORHOOD TRUST||Phone: 203-290-4255-4255
Agency ID: 80835
|570 State Street
BRIDGEPORT, Connecticut 06604-4504
|NATIONAL COMMUNITY REINVESTMENT COALITION, INC.|
|NEIGHBORHOOD HOUSING SERVICES OF WATERBURY, INC.||Phone: 203-753-1896
Agency ID: 80865
|193 Grand Street 3rd CToor
WATERBURY, Connecticut 06702-1919
|NEIGHBORHOOD REINVESTMENT CORP. DBA NEIGHBORWORKS AMERICA|
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.
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