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Sikorsky Credit Union mortgage review

Offers competitive rates on its conventional loans and HELOCS, but it’s only available in Connecticut.

  • Choose this lender for competitive rates.
  • Choose another lender if you want an FHA, VA or USDA loan.
  • A good option for low-cost home equity loans and HELOCs.


Loan products offeredConventional, Jumbo, Home Equity/HELOC, Refinance
Minimum credit scoreConventional: 620
Minimum down payment (Conventional)3%
State availabilityOnly available in: CT
NMLS #469594

Sikorsky Credit Union requirements

To learn if you’re eligible for a Sikorsky Credit Union home loan, visit the company’s website. Basic eligibility for a mortgage or home equity loan with Sikorsky includes:

  • Residency in Connecticut.
  • Two years’ history of employment.
  • A FICO credit score of 620 or higher.
  • No history of bankruptcy in the past two years.


When applying for a mortgage with Sikorsky Credit Union, be prepared to provide the following information and documents:

  • Photo identification
  • Two most recent pay stubs
  • Last two years’ tax returns
  • Last two years’ W-2s
  • Last two years’ 1099s (for self-employed persons)
  • Recent bank statements
  • A list of your assets and debts
  • Homeowner’s insurance, if applicable
  • Mortgage statement, if applicable
  • Real estate tax bill, if applicable

Costs and fees

Sikorsky Credit Union charges a $750 origination fee for conventional loans and a $550 origination fee for its Advantage short-term mortgages. Additionally, you should expect to budget about 1% to 4% of your loan’s total amount for closing costs, which typically include:

  • Credit report
  • Appraisal
  • Home inspection
  • Private mortgage insurance (PMI)
  • Homeowner’s insurance
  • Title insurance
  • Taxes

Sikorsky Credit Union doesn’t charge any application fees or closing costs on its home equity and HELOC loan products.

How to apply for a mortgage with Sikorsky Credit Union

To get started applying for a home loan with the company:

  1. Go to Sikorsky Credit Union’s website, navigate to the Borrow tab and select Mortgages.
  2. Scroll to the bottom of the page to view the available loan consultants.
  3. Choose a loan consultant and go to their webpage by selecting Visit My Website and then select Apply Now to begin the online application.
  4. Enter your contact information, membership status and loan information. Then enter the property information, your name, Social Security number and other personal information.
  5. Check the box to allow Sikorsky to do a hard credit check — it’s required to complete the application.
  6. Enter your current address, phone number, the property address, year built, estimated taxes and broker information.
  7. Select the loan product/rate you want and enter your asset information and income.
  8. Answer the declaration and demographic questions then submit the application. Wait for a loan officer to contact you regarding next steps.

Alternatively, call a Sikorsky Credit Union loan officer directly to get prequalified before doing the full application. Loan officer contact information is found under the Mortgages menu option, then Borrow.

What types of mortgages can I get through Sikorsky Credit Union?

  • Conventional
  • FHA
  • VA
  • USDA
  • Jumbo
This company accepts mortgage refinance applications.

Other mortgage products offered by Sikorsky Credit Union

Sikorsky Credit Union also offers these specialized types of mortgages:

  • Advantage mortgage. An eight- or 12-year short-term loan offering fixed rates and competitive closing costs.
  • Home equity loan. A fixed-rate mortgage with no application fee and no closing costs with loan terms of five, 10 or 15 years. Borrow from $10,000 to $250,000 against your home’s equity.
  • HELOC. An adjustable-rate revolving line of credit with no application fee and no closing costs. Borrow from $15,000 to $250,000 against your home’s equity.
  • Jumbo loan. Sikorsky Credit Union offers jumbo loans up to $1.5 million for eligible borrowers.
  • Mortgage refinancing. Replace your existing loan with a new loan and better terms. A refinance can reduce your interest rate, lower your monthly payment, change your term length and eliminate PMI.

How Sikorsky Credit Union’s mortgage products compare to other lenders

Compared to other lenders, Sikorsky Credit Union offers a limited range of home mortgage options. It doesn’t have government-backed loans, first-time homebuyer programs or specialized loans. On the plus side, it offers highly competitive interest rates and low closing costs for borrowers who want to refinance, tap into equity or pay off their mortgage quickly.

Compare mortgage lenders

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Sikorsky Credit Union reviews and complaints

As of August 2021, five reviewers give the credit union a 4.6 out of 5 rating on WalletHub and 63 reviewers gave it a 3.3 out of 5 rating on, a marketing platform that gathers customer feedback. Sikorsky Credit Union is not accredited with the Better Business Bureau (BBB), and it has an A+ business rating with only three complaints closed in the past three years.

Customer reviews paint a mixed picture. While some customers rave about the credit union’s quick and efficient service, others mention representatives dropping the ball and long hold times on deposits. However, we couldn’t find any reviews mentioning service from the mortgage department.

Our experience with Sikorsky’s loan officers was positive. We called two different loan officers on two different days and were immediately connected to a loan officer each time. Both loan officers were friendly and patiently answered our questions without any sales pressure.

Pros and cons of Sikorsky Credit Union

Sikorsky Credit Union could have what you’re looking for, but weigh out the pros and cons first.


  • Competitive rates. Sikorsky Credit Union offers competitive rates on its loan products, including lowered rates on its 8-year and 12-year Advantage Mortgage.
  • Personalized quotes online. The website allows you to enter some basic information and get a personalized quote with your available rates and closing costs listed. No credit check is required.
  • Mobile app. The credit union has a mobile app that lets you make mortgage payments from your smartphone.


  • Limited branch availability. There are only nine branches offering home loans in Connecticut at this time.
  • Membership requirements. You must be a member to apply for a home loan. To join the credit union, you must live, work, worship or volunteer in Fairfield, New Haven or Hartford County in Connecticut.
  • No government-backed loans. If you’re after an FHA, VA or USDA loan, you’ll need to look elsewhere.

What is Sikorsky Credit Union?

Founded in 1948 and headquartered in Stratford, Connecticut, Sikorsky Credit Union is a not-for-profit, member-owned financial institution. According to the company’s website, it’s one of the largest credit unions in Connecticut with 53,000 members, $850 million in assets and nine branches in Connecticut and one in Florida.


Review by

Kat Aoki is a mortgage writer at Finder. Since 2011, she’s helped consumers make better financial decisions with their home loans, credit cards, insurance and more. As a business writer for the real estate, mortgage and personal finance industries, she’s written hundreds of helpful, informative articles for some of the leading brands around the globe that include iSelect, InfoChoice,, GE Money and Amex. Kat earned a BS in Marketing from California State University, Sacramento. She enjoys travel, hiking and photography in her spare time.

Expert review

Sikorsky Credit Union may be a smart option for good credit borrowers looking for a competitively priced conventional, jumbo or home equity loan. But you won’t find any government loan options here, and it’s not for borrowers looking for first-time homebuyer programs or specialized loans. If Sikorsky Credit Union doesn’t have what you’re after, compare more lenders to find the right one for you.

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