CHFA Reverse Annuity Mortgage (RAM) for Seniors

Connecticut Housing Finance Authority

Available Senior & Disability

About This Program

Connecticut's reverse mortgage program for homeowners age 62+ allows seniors to convert home equity into funds for home improvements, healthcare, or living expenses. Can be specifically used for major home repairs and modifications. No monthly payments required; loan repaid when home is sold.

Home equity conversion provides funds for repairs with no monthly payment

Key Details

  • Reverse mortgage for seniors 62+
  • Convert home equity to cash
  • No monthly payments required
  • Can fund major repairs and modifications
  • Repaid when home is sold

How to Apply

Deadline: Ongoing program

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