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9 best mortgage lenders in Connecticut

We researched over 90 lenders to hand you our top picks for low rates, first-time homebuyer programs, great customer service and more.

Over 3.5 million people live in Connecticut, and 66.1% of residents own their homes. The median home price in Connecticut as of January 2021 is $281,924, with an average monthly cost of $2,119, including loan payments, taxes and insurance.

According to Zillow, home prices in the Constitution State have gone up 8.9% over the past year and are expected to rise 10.8% through 2021. Whether you’re a first-time homebuyer or looking to refinance, our top nine lender picks for Connecticut can help you find the perfect mortgage.

What are the best mortgage lenders in Connecticut?

How we picked the best lenders

We chose these lenders from more than 90 companies that reported originating loans in Connecticut by examining a range of important criteria, including:

  • Fees
  • Interest rates
  • First-time homebuyer programs
  • Online and mobile convenience
  • Credit score flexibility

We also looked at hundreds of customer reviews from consumer sites like Trustpilot, Zillow and the Better Business Bureau in making our recommendations. To learn about our mortgage company selection process, please see Finder’s rating methodology.

Best online experience

Better

Better logo
Go to site
at Better's secure site
Read review
620
Min. credit score
3%
Min. down payment

If you’re looking for a fast application, Better’s digital mortgage could suit your needs. Better can link directly to your financial accounts, check your actual numbers and provide you with a faster preapproval than traditional lenders.

Better is also a direct lender, which means it processes your application and closes and funds your loan, which helps the process go more smoothly.

  • Lower fees. Better can help you save money, as the company doesn&rsquo
  • t charge origination or broker fees.
  • Fast application process. Better&rsquo
  • s digital process links to your actual numbers, eliminating the need to dig through your files.
  • Informative website. Better&rsquo
  • s website is transparent, advertising current interest rates and detailed mortgage information.
  • No first-time homebuyer loans. Unfortunately, Better doesn&rsquo
  • t offer FHA, VA or USDA loans.
  • Logins may be required. While optional, you may need to provide login credentials to your bank and tax accounts.
Loan types Conventional, Jumbo, FHA, Refinance
Minimum credit score Refinance: 680
All other loans: 620
Minimum down payment (Conventional) 3%
States available Not available in: HI, MA, MN, NV, NH, VT, VA

Best marketplace

LendingTree

LendingTree logo
Go to site
at LendingTree's secure site
Read review
620
Min. credit score
3%
Min. down payment

Want to compare multiple lenders? Look no further than LendingTree.

LendingTree is a free third-party service that searches its database of over 1,500 lenders. Simply provide LendingTree with some basic information, and it will find the best matching lenders based on your credit profile and homebuying needs. Since companies are competing for your business, you may get a better rate through LendingTree than you could on your own.

  • Credit score isn&rsquo
  • t affected. LendingTree does a credit pull when you sign up, but the inquiry doesn&rsquo
  • t negatively impact your credit score.
  • Competitive loan offers. LendingTree will connect you with multiple lenders, giving you the opportunity to negotiate the best rate among different offers.
  • Finds the lowest rates for you. Once registered with the service, LendingTree searches for the lowest rates and alerts you when it finds a better rate.
  • You may get a lot of calls. After giving LendingTree your contact information, expect to be inundated with phone calls and emails.
  • Your information is shared. Once you sign up with LendingTree, your contact information is sent to various companies. Consider using an alternate email and/or phone number.
Loan types Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Minimum credit score Conventional: 620
FHA: 500
VA: 620
USDA: 640
Jumbo: 800
Minimum down payment (Conventional) 3%
States available Available in all states

Most popular

Rocket Mortgage

Rocket Mortgage logo
Go to site
at Rocket Mortgage's secure site
Read review
620
Min. credit score
3%
Min. down payment
Since 2016, Rocket Mortgage, owned by Quicken Loans, has been providing online mortgages to borrowers around the country. Instead of having to call a loan officer, Rocket Mortgage allows you to apply for a loan digitally, check your application and receive status updates. Because Rocket Loans syncs to your bank account and can verify your assets digitally, you should receive a preapproval faster than with traditional lenders.
  • Rocket Mortgage app. The app allows you to upload documents, eSign and track the status of your application. After you&rsquo
  • re a customer, you can make payments through the app and set up autopay.
  • No in-person meetings required. With Rocket Mortgage, you can apply for a mortgage and get funded online. While meetings aren&rsquo
  • t required, a loan officer may reach out to you to resolve issues.
  • Help is always available. With Rocket Mortgage, you can always call a loan officer for help with your application and ask questions.
  • Bank logins may be required. To allow Rocket Mortgage to verify your assets electronically, you&rsquo
  • ll need to provide your bank login information. You can also send in documents if you&rsquo
  • re not comfortable doing that.
  • Website doesn&rsquo
  • t list loans. The Rocket Mortgage website doesn&rsquo
  • t explain what types of loans it offers. You&rsquo
  • re only shown options after applying.
  • Doesn&rsquo
  • t offer HELOCs. If you&rsquo
  • re after a HELOC, you&rsquo
  • ll have to find another lender to help you.
Loan types Conventional, Jumbo, FHA, VA, Refinance
Minimum credit score Conventional: 620
FHA: 580
VA: 620
Jumbo: 700
Minimum down payment (Conventional) 3%
States available Available in all states

Best rates

Bank of America

620
Min. credit score
3%
Min. down payment
Bank of America (BofA) is one of America's biggest financial institutions, with over 4,300 retail outlets, 2,900 lending centers and 66 million customers. Thanks to its sheer size and financial strength, the company offers some of the most competitive mortgage rates we found, plus a number of first-time homebuyer programs — including a loan that only requires 3% down. Get preapproved online with BofA’s Digital Mortgage Experience or by calling a lending specialist.
  • Rates listed online. Unlike some lenders, BofA advertises its current mortgage rates online and lets you search rates by location.
  • Discounts for existing clients. BofA Preferred Rewards clients may get a $200 to $600 discount on their origination fees.
  • Mobile app. BofA&rsquo
  • s mobile app for Android and iPhone lets you view your mortgage balance and make payments.
  • Less personal approach. BofA has thousands of lending branches, making it convenient but also less personal.
  • Consumer complaints. Most of BoA&rsquo
  • s consumer complaints are related to customer service issues.
  • Mobile app limitations. You can&rsquo
  • t use the app to make changes to your mortgage PayPlan.
Loan types Conventional, Jumbo, FHA, VA, Home Equity/HELOC, Refinance
Minimum credit score Conventional: 620
FHA: 600
Minimum down payment (Conventional) 3%
States available Available in all states

Best for a wide range of credit scores

Mr. Cooper

620
Min. credit score
5%
Min. down payment

Looking for a loan with less-than-stellar credit? Mr. Cooper may be able to help out. This lender offers a decent range of mortgage options, including first-time homebuyer loans, and is willing to work with borrowers with lower credit scores.

While the company doesn’t have the best online reputation, it offers underwriting flexibility, a useful mobile app to manage your loan and Close On Time guarantee.

  • Mobile app. Mr. Cooper has a highly rated mobile app that can be used to easily make payments without fees.
  • Rate discounts. If you&rsquo
  • re a current customer, you may be eligible for a rate discount for a second home or refinance.
  • Never sells its loans. Mr. Cooper purchases loans from other lenders, but it never sells the loans it originates.
  • Lower customer rating. The company only has an average customer rating of 4.2/5 on ConsumerAffairs.com.
  • Doesn&rsquo
  • t list rates online. Mr. Cooper doesn&rsquo
  • t advertise its interest rates online. You&rsquo
  • ll need to contact the company or fill out the application to find out.
  • May be hard to contact. Customers report issues trying to speak with the company and getting issues resolved.
Loan types Conventional, Jumbo, FHA, VA, Refinance
Minimum credit score Conventional: 620
Minimum down payment (Conventional) 5%
States available Available in all states

Best customer service

Synergy One Lending

620
Min. credit score
3%
Min. down payment
If you’re looking for a company with great service, Synergy One Lending comes highly recommended. With an excellent 4.9/5 rating from Zillow, customers report being very satisfied with the service and professionalism of their loan officers. Synergy One Lending’s goal is to create a Modern Mortgage Experience through technology and allow borrowers to apply online or use the convenient S1 Connect app.
  • Digital application process. With Synergy One Lending, you can upload documents or link to financial accounts for instant verification of your numbers.
  • S1 Connect app. The highly rated app lets you apply for a loan, upload documents, eSign, track your application and communicate with your loan officer.
  • 10-day close offer. The company offers a 10-day close offer to help you compete with all-cash offers, but it's only valid for Fannie Mae purchase loans.
  • Logins may be required. To use the optional account verification feature, you must provide login credentials to your financial accounts.
  • Limited loan officers. Synergy One Lending&rsquo
  • s loan officers are not available in every state.
  • Costs or fees aren&rsquo
  • t listed. Synergy One Lending doesn&rsquo
  • t list its costs and fees on its website.
Loan types Conventional, Jumbo, FHA, VA, USDA, Reverse, Refinance
Minimum credit score 620
Minimum down payment (Conventional) 3%
States available AL, AR, AZ, CA, CO, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, MT, NE, NM, OH, OK, OR, SC, SD, TN, TX, UT, WA, WI, WY

Best Regional Lender

Union Savings Bank

Union Savings Bank logo
620
Min. credit score
3%
Min. down payment
Would you prefer an established, regional lender? Since 1866, Union Savings Bank (USB) has been serving local communities in Connecticut with the mission of benefiting the local community rather than shareholders. The bank offers a range of mortgages for first-time and existing homeowners, including conventional loans, construction-to-permanent loans, land loans, a flex HELOC and a first-time homebuyer program.
  • First-time Homebuyer's Program. USB&rsquo
  • s first-time Homebuyer&rsquo
  • s Programs offers discounted fees, no application fee and no PMI with a 10.1% down payment.
  • Portfolio-based lending. Union Savings Bank carries its own loans, which means your loan won&rsquo
  • t be sold &mdash
  • but some exceptions may apply.
  • Mortgage calculator. The website offers a detailed mortgage calculator to see your monthly payment and amortization.
  • Doesn&rsquo
  • t list all loan types. The bank website doesn&rsquo
  • t clearly list or provide information about the types of loans offered.
  • Doesn&rsquo
  • t disclose rates or fees. USB doesn&rsquo
  • t provide information about loan rates, fees or closing costs on its website.
  • Limited locations. The bank only has branches in west-central Connecticut.
Loan types Conventional, Jumbo, HELOC
Minimum credit score Conventional: 620
Minimum down payment (Conventional) 3%
States available Only available in: CT

Best for refinancing

Sikorsky Credit Union

Sikorsky Credit Union logo
620
Min. credit score
3%
Min. down payment
If you’re looking to refinance, Sikorsky Credit Union could help you save money. The credit union offers a special Advantage Mortgage refinance mortgage with low rates and closing costs, which can help you pay down your loan faster. And unlike other lenders, the Sikorsky Credit Union website makes it easy to view current rates so you can compare refinance loan options at a glance.
  • Low-rate refinance. The Advantage Mortgage refinance from Sikorsky offers low rates and closing costs for 12-year and eight-year loan terms.
  • Lax membership requirements. To join the credit union, you only need to open a Member Savings account with a $5 deposit.
  • Current rate alerts. Sign up for Sikorsky&rsquo
  • s rate watch service and receive user-defined and current interest rates by email.
  • Limited locations. Sikorsky Credit Union has nine branches in the state of Connecticut.
  • Few online reviews. The credit union doesn&rsquo
  • t have many online reviews, but some complaints revolve around poor customer service.
Loan types Conventional, Jumbo, Home Equity/HELOC, Refinance
Minimum credit score Conventional: 620
Minimum down payment (Conventional) 3%
States available Only available in: CT

Best for first-time homebuyers

First World Mortgage

First World Mortgage logo
620
Min. credit score
3%
Min. down payment
First World Mortgage is a highly rated, full-service mortgage lender offering a wide range of first-time homebuyer loan programs, including low down payment conventional loans, FHA rehab loans and the Connecticut Housing Finance Authority (CHFA) loan offering money-saving features. If you’re looking for a lender that specializes in first mortgages, First World Mortgage could be a perfect choice.
  • CHFA loans. This is a first-time homebuyer program exclusively for residents in CT offering 100% financing, low interest rates set by the CHFA and low PMI.
  • 3% down conventional loan. The 3% down payment option provides additional financing options at conventional interest rates.
  • Excellent reviews. First World Mortgage has a 5 out of 5 rating on Zillow from nearly 600 customers, who report being happy with the service provided.
  • Spammy-looking website. The website has a nonprofessional appearance, which may be off-putting to some borrowers.
  • Website isn't secure. Unlike most lenders, the First World Mortgage website isn&rsquo
  • t secured with the https protocol.
  • Application issues. We received a cookie error when trying to access the online application, and no help was provided.
Loan types Conventional, FHA, VA, USDA, Refinance
Minimum credit score Conventional: 620
Minimum down payment (Conventional) 3%
States available Only available in: CT

How do I choose the best lender for me?

Are you feeling overwhelmed about which lender is best for you? The good news is it’s possible to narrow the field of lenders by considering what’s most important to you, including interest rates, fees, customer service and convenience.

Here’s how to narrow your search:

  • Read online reviews. Online reviews can tell you a lot about a lender. Read what customers have to say about a company’s service, trustworthiness, communication, ease of transactions and closing times.
  • Ask your lender questions. Your lender is working for you, so make sure to ask the following questions:
      • What fees and APR am I paying?
      • How can I make my payments?
      • Who can I contact if I need help?
      • Will your company sell my loan?
      • Are there prepayment penalties?
      • Can I lock in my rate?
  • Weigh all the factors. While interest rates are significant, it’s also important to consider fees, first-time homebuyer help, service levels and convenience.

Compare mortgage lenders and brokers

Compare these lenders and lender marketplaces by the type of home loan you're searching for, state availability and minimum credit score (for a conventional loan). Select See rates to provide the company with basic property and financial details for personalized rates.
Name Product Loan products offered State availability Min. credit score
Morty
(NMLS #1429243)
Morty
Conventional, Jumbo, Refinance
AL, AR, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, MD, ME, MI, MN, MS, MT, NC, NE, NJ, NM, OH, OK, OR, PA, SC, TN, VA, WA, WI, WV
660
Preapproval in minutes and closing in as little as 3 weeks with no origination fees.
SoFi
(NMLS #1121636)
SoFi
Conventional, Home equity, Refinance
Not available in: HI, MO, NM, NY, WV
620
No hidden fees, multiple loan terms, and member discounts available.
Rocket Mortgage
(NMLS #3030)
Rocket Mortgage
Conventional, Jumbo, FHA, VA, Refinance
Available in all states
620
Streamline your mortgage from quote to final payment — all from your computer or phone.
Better
(NMLS #330511)
Better
Conventional, Jumbo, FHA, Refinance
Not available in: HI, MA, MN, NV, NH, VT, VA
620
Online preapproval in minutes and no origination fees with this direct lender.
LendingTree
(NMLS #1136)
LendingTree
Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Available in all states
620
Connect with vetted home loan lenders quickly through this online marketplace.
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Compare up to 4 providers

Average rates and fees in Connecticut

As of January 4, 2020, the benchmark 30-year fixed mortgage rate in the US is 2.850%. According to data from the Consumer Financial Protection Bureau (CFPB), most Connecticut lenders are offering interest rates around 2.750%, with rates ranging from 2.000% to 3.750% as of this writing.

Additionally, average mortgage closing costs in Connecticut are approximately 1.77% to 2.36% of a home sales price based on data from ClosingCorp. Research mortgage rates in Connecticut or view Connecticut closing costs for more details on what you can expect to pay.

What about brokers?

With the exception of LendingTree, our list of the top nine Connecticut lenders underwrite mortgages directly. If you don’t have the time to research lenders yourself, a mortgage broker can do the work for you. Expect to pay about .5% to 2% of your loan’s value for broker’s fees, but don’t get overcharged. Research different brokers, ask what their fee schedule is and read their reviews online.

Bottom line

Regardless of your age, credit score and financial situation, there’s an immense range of mortgage lenders with a diverse selection of products to choose from. While these nine Connecticut lenders will suit many borrowers, you can compare even more lenders to find the right one for your needs.

Home loans ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top home loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, product selection and borrower experience.

Read the full methodology of how we rate home loan providers.

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