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 State Mortgage Licensing Authority of Connecticut before hiring.
Showing 10 reverse mortgage specialists in Westport, 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.
Gold Coast Financial Services LLC
25 Sylvan Rd S Suite M, Westport, CT 06880
(203) 221-2661
goldcoast.financial
Michael Tavares, Loan Originator - FM Home Loans
1465 Post Rd E #100, Westport, CT 06880
(203) 561-8637
What Does a Reverse Mortgage Specialist in Westport Cost?
Typical costs for a reverse mortgage in Connecticut include an origination fee up to 2 percent of the homes value an upfront mortgage insurance premium of 2 percent of the appraised value and third-party closing costs such as appraisal title search and recording fees. Total closing costs often range from 5,000 to 15,000 depending on the home value and loan type. This is general information 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 age requirements for a reverse mortgage in Westport Connecticut?
Borrowers must be at least 62 years old to qualify for a HECM reverse mortgage in Connecticut. The youngest borrower on the title must meet this age requirement. Non-borrowing spouses have certain protections under HUD rules.
Do I need counseling before getting a reverse mortgage in Connecticut?
Yes Connecticut law requires all reverse mortgage applicants to receive counseling from a HUD-approved counselor. This session must occur before you submit your application. The counselor explains loan terms costs and alternatives.
What property types qualify for a reverse mortgage in Westport?
Eligible properties include single-family homes FHA-approved condominiums and townhouses. Manufactured homes must meet HUD standards. The property must be your primary residence in Westport Connecticut.