CHFA Reverse Annuity Mortgage (RAM) for Seniors

Connecticut Housing Finance Authority

Available Senior & Disability

About This Program

CHFA Reverse Annuity Mortgage (RAM) for Seniors is available to homeowners in New Haven, CT.

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

Official program page checked live on 2026-06-22.

Data last verified 2026-05-25. How we verify our data.

In New Haven, CT, you can combine this program with other local help to cut your cost:

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

Get free help applying Visit Official Program Page Track this program

(860) 571-3502

A grant-savvy contractor in New Haven, CT can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

You will likely need a contractor to apply

Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in New Haven early keeps your application moving.

Get matched with a contractor

Each program sets its own contractor rules. Check the official program page for exact requirements.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Proof of age (driver's license or birth certificate) if the program is age-based.
  • A written estimate from a licensed contractor for the work (many programs require this to apply).
  • Photos of the problem area or the work to be done.
  • The program's own application form, completed (use the official link or phone number on this page).
Download this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Ongoing program

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

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Frequently asked questions

Who qualifies for CHFA Reverse Annuity Mortgage (RAM) for Seniors in New Haven?

CHFA Reverse Annuity Mortgage (RAM) for Seniors is open to homeowners in New Haven, CT. It has no income limit. It serves seniors.

How do I apply for CHFA Reverse Annuity Mortgage (RAM) for Seniors in New Haven, CT?

Apply directly with Connecticut Housing Finance Authority using the official program link on this page or call (860) 571-3502. There is no middleman and no fee.

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Find More Programs in New Haven, CT

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

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