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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

See rates
on Better's secure site

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.

Best marketplace

LendingTree

See rates
on LendingTree's secure site

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.

Rocket Mortgage

See rates
on Rocket Mortgage's secure site
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.

Best rates

Bank of America

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.

Best for a wide range of credit scores

Mr. Cooper

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.

Best customer service

Synergy One Lending

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.

Best regional lender

Union Savings Bank

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.

Best for refinancing

Sikorsky Credit Union

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.

Best for first-time homebuyers

First World Mortgage

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.

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

Compare top brands by home loan type, state availability and credit score. Select See rates to provide the lender with basic property and financial details for personalized rates.

Name Product Loan products offered State availability Min. credit score
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.
AmeriSave
(NMLS #1168)
AmeriSave
Conventional, Jumbo, FHA, VA, USDA, Refinance
Not available in: NY
620
Great customer reviews and customized rate quotes in three minutes with no SSN needed.
SoFi
(NMLS #1121636)
SoFi
Conventional, Home equity, Refinance
Not available in: HI, MO, NM, NY
620
No hidden fees, multiple loan terms, and member discounts available.
Veterans United
(NMLS #1907)
Veterans United
Conventional, FHA, VA, USDA, Jumbo, Refinance
Available in all states
620
Veterans United stands out from other lenders for its focus on serving the military community.
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.
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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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