Mortgages

Reverse Mortgage Program

Use the hard-earned equity in your home to help you live a more comfortable retirement. With the HUD-insured, "Home Equity Conversion" (reverse mortgage) loan program you can tap into your home’s accumulated equity and create a source of tax-free income to supplement your Social Security and other retirement income.

        • Must be a minimum of 62 years of age for eligibility. Cash benefit is based on several factors determined at application

        • The reverse mortgage customer always retains ownership and lives in their home

        • Cash proceeds can be used for any purpose: to supplement income, to offset the cost of health or in-home care insurance premiums, even to purchase another property in a warmer climate to be used on a seasonal basis!

        • Loan Proceeds are not considered income and will not affect Social Security or Medicare benefits (although other types of specialized benefits may be impacted)

        • Heirs can keep the home once the reverse mortgage is repaid

        • Loan Proceeds can be obtained in lump sum, monthly installments or even as a line of credit

Find out how a reverse mortgage can help make the "American Dream" continue into retirement!

For complete information call our Mortgage Center toll-free at 1-888-705-9596 to meet with one of our Mortgage Specialists.


 LIST OF APPROVED REVERSE MORTGAGE COUNSELORS

American Association of Retired Persons (AARP)

1-800-209-8085

Community Home Solutions 1-603-944-0263

Concord Area Trust for Community Housing (CATCH)

1-603-225-8835 ext. 125

Consumer Credit Counseling Services of New Hampshire and Vermont (CCCS) 

1-800-327-6778 ext. 121

Consumer Credit Counseling Services of Maine, a Division of MMI 

1-800-873-2227

Gilman Housing Trust 1-802-535-3555 ext. 1300
HOPE, Inc,. (Housing Options Provided for the Elderly) 1-888-776-0155

National Foundation for Credit Counseling (NFCC)

1-866-698-6322

National Council on Aging (NCOA)

1-800-510-0301

Windham Housing Trust (Formerly Brattleboro Area Community Land Trust) 1-802-254-4604  ext. 109