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Compare reverse mortgage specialists in East Lyme. Review contact information and insurance categorys before you decide.
6 agents listed
Updated May 2026
East Lyme, CT
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Connecticut before hiring.
Showing 6 reverse mortgage specialists in East Lyme, CT
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Fairway Independent Mortgage Corp - The Ryder Group
A reverse mortgage specialist in East Lyme Connecticut can help homeowners aged 62 and older convert home equity into loan proceeds. Connecticut law requires that borrowers complete HUD approved counseling before obtaining a Home Equity Conversion Mortgage. Specialists in this area guide clients through the application process and explain how local property taxes and insurance requirements affect the loan.
What Does a Reverse Mortgage Specialist in East Lyme Cost?
Typical costs for a reverse mortgage specialist in Connecticut include an origination fee of up to 2 percent of the first 200,000 dollars of the home value plus 1 percent of the amount above 200,000 dollars. Third party costs such as appraisal, title search, and recording fees can range from 2,000 to 5,000 dollars. The upfront mortgage insurance premium is 2 percent of the appraised value. These costs are usually financed into the loan. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the eligibility requirements for a reverse mortgage in East Lyme Connecticut?
You must be at least 62 years old and own your home outright or have a low mortgage balance. The property must be your primary residence and meet HUD property standards. Connecticut law does not add extra age or income requirements beyond federal HUD rules.
How does Connecticut law affect reverse mortgage proceeds?
Connecticut does not tax reverse mortgage proceeds as income. However, you must continue to pay property taxes and homeowners insurance. If you fail to pay these, the loan may become due. Connecticut also requires lenders to provide a list of approved housing counseling agencies.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Connecticut.