Compare top reverse mortgage lenders in Connecticut.
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What is a reverse mortgage?
HECM stands for home equity conversion mortgage. Reverse mortgages allow for seniors to release a portion of the home’s equity to eliminate any existing mortgage payments. HECM’s are unique in that there are no monthly mortgage payments required – no other program has this unique feature.
RMLD matches top banks in CT to compete for your HECM loan- Let us find you the best program for free.
Seniors in CT qualify for a reverse mortgage if…
- they are 62 years of age or older
- own their homes
- have equity available in the property
- can afford to pay for the home’s property taxes and insurance
- have never defaulted on governemnt insured loans
I qualify for the HECM reverse mortgage how does this program improve my retirement?
- improve your retirement qualify by having access to your equity today
- no more mortgage payments while you are living in the home
- interest rates are at all time low’s
- ability to spend the equity as you wish – no restrictions are placed on the funds
- no taxes are applied to the equity you release
How Does the Reverse Mortgage Work in Connecticut?
You have worked hard your entire life to build up your home’s equity, insn’t it time that your home paid you back? Well, FHA (Federal Housing Administration) insures the HECM reverse mortgage which allows you to use your home as a tool to fund your retirement.
Many seniors are still having to pay each month a mortgage payment this is seriously impacting the quality of those seniors retirement. What if you could use all the built up equity in your home to generate a new income source, this would greatly improve the quality of your retirement.
This is what the reverse mortgage program was designed for. Seniors are taking advantage of the low interest rate enviroment and the ability to qualify for a reverse mortgage loan without having income or credit scores to meet. There are no payments to be made (you are only responsible for the property taxes, insurance, and home maintanance expenses). It will cost you $0 to find our your options give us a call today.
Snapshot of Connecticut
3.5 M
Population
$166,900
Median Home Value
67%
Home Ownership Rate
14%
Percent PopulationOver 65
Find Your City to Compare State and National Averages
| LOCATION | POPULATION | MED. HOME VALUE | HOME OWNERSHIP RATE | % POPULATION OVER 65 |
|---|---|---|---|---|
| USA | 307,006,550 | $119,600 | 66% | 13% |
| Connecticut | 3,518,288 | $166,900 | 67% | 14% |
| Bridgeport | 137,912 | $117,500 | 43% | 12% |
| Bristol | 61,161 | $129,300 | 62% | 15% |
| Danbury | 79,285 | $186,500 | 58% | 11% |
| Hartford | 124,512 | $93,900 | 25% | 10% |
| Meriden | 59,439 | $119,000 | 60% | 14% |
| Middletown | 47,481 | $140,400 | 51% | 13% |
| Milford | 53,262 | $168,700 | 78% | 15% |
| Naugatuck | 31,872 | $133,000 | 67% | 12% |
| New Britain | 70,746 | $96,900 | 43% | 16% |
| New Haven | 124,001 | $109,200 | 30% | 10% |
| New London | 25,926 | $107,900 | 38% | 12% |
| Norwalk | 84,187 | $270,100 | 62% | 13% |
| Norwich | 36,324 | $110,900 | 53% | 15% |
| Shelton | 40,142 | $217,300 | 82% | 15% |
| Stamford | 119,261 | $362,300 | 57% | 14% |
| Torrington | 35,903 | $117,400 | 65% | 18% |
| Waterbury | 107,251 | $101,300 | 48% | 15% |
| West Haven | 52,721 | $118,600 | 55% | 14% |
Local reverse mortgage lenders/Banks/Brokers in Connecticut
A
Abington · Amston · Andover · Ansonia · Ashford · Avon
B
Ballouville · Baltic · Bantam · Barkhamsted · Beacon Falls · Berlin · Bethany · Bethel · Bethlehem · Bishops Corner · Bloomfield · Bolton · Botsford · Bozrah · Branford · Bridgeport · Bridgewater · Bristol · Broad Brook · Brookfield · Brooklyn · Burlington
C
Canaan · Canterbury · Canton · Canton Center · Centerbrook · Central Village · Chaplin · Cheshire · Chester · Clinton · Cobalt · Colchester · Colebrook · Collinsville · Columbia · Cornwall · Cornwall Bridge · Cos Cob · Coventry · Cromwell
D
Danbury · Danielson · Darien · Dayville · Deep River · Derby · Durham
E
East Berlin · East Canaan · East Glastonbury · East Granby · East Haddam · East Hampton · East Hartford · East Hartland · East Haven · East Killingly · East Lyme · East Windsor · East Windsor Hill · East Woodstock · Eastford · Easton · Ellington · Enfield · Essex
F
Fabyan · Fairfield · Falls Village · Farmington
G
Gales Ferry · Gaylordsville · Georgetown · Gilman · Glasgo · Glastonbury · Goshen · Granby · Greens Farms · Greenwich · Griswold · Grosvenor Dale · Groton · Guilford
H
Haddam · Haddam Neck · Hadlyme · Hamden · Hampton · Hanover · Hartford · Harwinton · Hawleyville · Hebron · Higganum · Huntington
I
Ivoryton
J
Jewett City
K
Kensington · Kent · Killingworth
L
Lakeside · Lakeville · Lebanon · Ledyard · Lisbon · Litchfield · Lyme
M
Madison · Manchester · Mansfield Center · Mansfield Depot · Marion · Marlborough · Mashantucket · Melrose · Meriden · Middle Haddam · Middlebury · Middlefield · Middletown · Milford · Milldale · Monroe · Montville · Moodus · Moosup · Morris · Mystic
N
Naugatuck · New Britain · New Canaan · New Fairfield · New Hartford · New Haven · New London · New Milford · New Preston · New Preston Marble Dale · Newington · Newtown · Niantic · Norfolk · North Branford · North Canton · North Franklin · North Granby · North Grosvenordale · North Haven · North Stonington · North Westchester · North Windham · Northfield · Northford · Norwalk · Norwich
O
Oakdale · Oakville · Old Greenwich · Old Lyme · Old Mystic · Old Saybrook · Oneco · Orange · Oxford
P
Pawcatuck · Pequabuck · Pine Meadow · Plainfield · Plainville · Plantsville · Pleasant Valley · Plymouth · Pomfret · Pomfret Center · Poquonock · Portland · Preston · Prospect · Putnam
Q
Quaker Hill · Quinebaug
R
Redding · Redding Center · Redding Ridge · Ridgefield · Ridgeway · Riverside · Riverton · Rockfall · Rocky Hill · Rogers · Roxbury
S
Salem · Salisbury · Sandy Hook · Scotland · Seymour · Sharon · Shelton · Sherman · Silver Lane · Simsbury · Somers · Somersville · South Britain · South Glastonbury · South Kent · South Lyme · South Willington · South Windham · South Windsor · South Woodstock · Southbury · Southington · Southport · Stafford · Stafford Springs · Staffordville · Stamford · Sterling · Stevenson · Stonington · Storrs · Storrs Mansfield · Stratford · Suffield
T
Taconic · Taftville · Tariffville · Terryville · Thomaston · Thompson · Tolland · Torrington · Trumbull
U
Uncasville · Union · Unionville
V
Vernon · Vernon Rockville · Versailles · Voluntown
W
Wallingford · Warren · Warrenville · Washington · Washington Depot · Waterbury · Waterford · Watertown · Wauregan · Weatogue · West Cornwall · West Granby · West Hartford · West Hartland · West Haven · West Mystic · West Redding · West Simsbury · West Suffield · Westbrook · Weston · Westport · Wethersfield · Whitneyville · Willimantic · Willington · Wilton · Winchester Center · Windham · Windsor · Windsor Locks · Windsorville · Winsted · Wolcott · Woodbridge · Woodbury · Woodstock · Woodstock Valley
Y
Yalesville · Yantic