Best of

Best Connecticut Mortgage Lenders of 2019

NerdWalletJuly 2, 2019

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

When shopping for a mortgage in Connecticut, focus on lenders that specialize in helping borrowers like you. These lenders are among the best for low credit scores, online mortgages, refinancing and in-person mortgage help.

Summary of Best Connecticut Mortgage Lenders of 2019

LenderBest For

Minimum Credit Score

Minimum Down PaymentLearn More
Chase

Chase

at Chase

traditional lending

620

3%

at Chase

Bank of America

Bank of America

traditional lending

620

3%

Read review
SunTrust

SunTrust

jumbo loans

620

3%

Read review
loanDepot

loanDepot

at loanDepot

jumbo loans

620

3.5%

at loanDepot

Vylla

Vylla

at Vylla

first-time home buyers

620

3%

at Vylla

SoFi

SoFi

at SoFi

first-time home buyers

N/A

10%

at SoFi

Citibank Mortgage

Citibank Mortgage

home equity lines of credit

N/A

3%

Read review
TD Bank

TD Bank

home equity lines of credit

620

3%

Read review
Quicken Loans

Quicken Loans

at Quicken Loans

online experience

620

3%

at Quicken Loans

Guaranteed Rate

Guaranteed Rate

online experience

620

3%

Read review
LenderBest For

Minimum Credit Score

Minimum Down PaymentLearn More
Chase

Chase

at Chase

traditional lending

620

3%

at Chase

Bank of America

Bank of America

traditional lending

620

3%

Read review
SunTrust

SunTrust

jumbo loans

620

3%

Read review
loanDepot

loanDepot

at loanDepot

jumbo loans

620

3.5%

at loanDepot

Vylla

Vylla

at Vylla

first-time home buyers

620

3%

at Vylla

SoFi

SoFi

at SoFi

first-time home buyers

N/A

10%

at SoFi

Citibank Mortgage

Citibank Mortgage

home equity lines of credit

N/A

3%

Read review
TD Bank

TD Bank

home equity lines of credit

620

3%

Read review
Quicken Loans

Quicken Loans

at Quicken Loans

online experience

620

3%

at Quicken Loans

Guaranteed Rate

Guaranteed Rate

online experience

620

3%

Read review
Logo

at Chase

Min. Credit Score 
620 

Min. Down Payment 
3% 

at Chase


Why we like it

Ideal for first-time home buyers who want to talk to a loan officer in person or on the phone, and for homeowners who want to refinance their mortgages in 60 days or less. Chase offers a full line of mortgage products and account management tools.

Rating and Review

Pros

  • Allows electronic submission and tracking of documents.

  • Existing Chase customers can get discounts.

  • Offers a wide selection of purchase and refinance mortgages.

Cons

  • Charges rate lock, origination and underwriting fees.

  • You have to speak with a mortgage banker to get complete info on products and requirements.

Read Full Review

Bank of America

Logo
Min. Credit Score 
620 

Min. Down Payment 
3% 


Why we like it

Ideal for borrowers who prefer a traditional bank. Bank of America offers a wide array of mortgages and online account management tools. It also has first-time home buyer loans with low down payments and no mandatory mortgage insurance.

Rating and Review

Pros

  • Allows borrowers to apply entirely online.

  • Offers down payment and closing cost assistance programs.

  • Accepts alternative credit data for some loan types.

  • May give existing customers a discount on mortgage lender origination fees.

Cons

  • Charges an application fee of $1,170, on average.

  • Has a high volume of consumer complaints, even for a big national bank.

Read Full Review

SunTrust

Logo
Min. Credit Score 
620 

Min. Down Payment 
3% 


Why we like it

Ideal for first-time home buyers, including those with little money saved for a down payment. SunTrust's online portal offers information and tools in English and in Spanish.

Rating and Review

Pros

  • Offers a complete online suite of mortgage application tools and loan tracking.

  • Has plenty of loan options to choose from and competitive interest rates.

  • Provides customer service in its physical locations, online, via chat and by phone.

  • Has a Doctor Loan Program for medical professionals who have high earning potential but little cash for down payments.

Cons

  • Has a limited number of physical branch locations in 11 states and Washington, D.C.

  • Does not consider alternative scoring data, such as rent or utility payments, in standard underwriting.

Read Full Review
Logo

at loanDepot

loanDepot

Logo
Min. Credit Score 
620 

Min. Down Payment 
3.5% 

at loanDepot


Why we like it

Ideal for borrowers looking to get a mortgage with help from a loan officer. Digital back-office operations are said to add efficiency to the loan process.

Rating and Review

Pros

  • Offers digital income, asset and employment verification.

  • Has over 150 affiliated loan stores nationwide for customers who prefer face-to-face service.

  • One of the nation’s most active lenders of FHA and VA loans.

Cons

  • Published mortgage rates include up to three points of prepaid interest and fees.

  • Does not offer home equity loans or lines of credit.

Read Full Review
Logo

at Vylla

Min. Credit Score 
620 

Min. Down Payment 
3% 

at Vylla


Why we like it

Ideal for first-time home buyers or credit-challenged borrowers who may have trouble qualifying for a mortgage.

Rating and Review

Pros

  • Low minimum credit score.

  • Online application, loan tracking and document upload.

  • Free rate locks.

Cons

  • No online preapproval.

  • No presence in Massachusetts or North Dakota.

Read Full Review
Logo

at SoFi

National / Regional 
Regional 

Min. Down Payment 
10% 

at SoFi


Why we like it

Ideal for young professionals and self-employed borrowers looking for a lender that considers nontraditional income.

Rating and Review

Pros

  • Provides an entirely digital mortgage application to make the process easier for borrowers.

  • Considers nontraditional income, such as restricted stock units, and works with self-employed borrowers.

  • Does not require private mortgage insurance for jumbo loans.

Cons

  • Doesn't offer government-backed loans, like FHA or VA.

  • Does not offer home equity loans or HELOCs.

Read Full Review

Citibank Mortgage

Logo
National / Regional 
National 

Min. Down Payment 
3% 


Why we like it

Ideal for first-time home buyers or those with weaker credit. Citibank Mortgage, a large-scale lender with a full menu of home loan products, offers low down payment options and considers alternative credit data.

Rating and Review

Pros

  • Low down payment options.

  • Discounts for Citibank customers.

  • Looks at alternative credit data like rent history and child support payments.

  • Available in all 50 states.

Cons

  • Charges a mortgage application fee.

  • Did not disclose origination fees, which may vary.

  • Can't complete loan online.

Read Full Review

TD Bank

Logo
Min. Credit Score 
620 

Min. Down Payment 
3% 


Why we like it

Ideal for East Coast residents looking for low-down-payment mortgages, to work with state housing agencies, or to get loans for building or remodeling a home.

Rating and Review

Pros

  • Allows 3% down payment without borrower-paid mortgage insurance.

  • Helps borrowers find help from state and local housing authorities.

  • Emphasizes construction-to-permanent mortgages.

  • Purchase-and-renovation loans with more flexibility than the FHA offers.

Cons

  • Available only in states on the East Coast.

  • The loan process is not executed online.

Read Full Review
Logo

at Quicken Loans

Quicken Loans

Logo
Min. Credit Score 
620 

Min. Down Payment 
3% 

at Quicken Loans


Why we like it

Ideal choice for convenience and quick-response customer service. Quicken Loans provides just about all the services your neighborhood lender does — with online convenience.

Rating and Review

Pros

  • Quicken Loans couples a fully online application with available mortgage advisors for those who want a human touch.

  • Instantly verifies employment and income for more than 60% of working Americans.

  • Offers custom fixed-rate loan terms that are between eight and 30 years.

  • Provides FHA-backed loans, USDA loans as well as products offered by Freddie Mac and Fannie Mae that require down payments as low as 3%.

Cons

  • Doesn't offer home equity loans or HELOCs.

  • If you’re a “look me in the eye” type of customer, you’re out of luck.

  • Doesn’t consider alternative credit data. It just looks at credit scores and debt-to-income ratios, the way most mortgage lenders always have.

Read Full Review

Guaranteed Rate

Logo
Min. Credit Score 
620 

Min. Down Payment 
3% 


Why we like it

Ideal for borrowers who are looking to apply for a mortgage and manage the process through online tools, whether buying or refinancing. Guaranteed Rate offers FHA, VA and USDA loans for borrowers who are well-qualified.

Rating and Review

Pros

  • Works with most borrowers as long as they have good credit scores and incomes.

  • Provides a user-friendly digital platform that’s thorough in covering all types of borrowing scenarios.

  • Has a 95% customer satisfaction rate, according to company data.

Cons

  • Charges some fees, such as a $1,290 lender fee that includes a $150 application fee.

  • Offers many products, which might confuse or overwhelm borrowers.

  • Several click-throughs required for personalized rates.

Read Full Review

Last updated on July 2, 2019

Methodology

NerdWallet's selection of mortgage lenders for inclusion here was made based on our evaluation of the products and services that lenders offer to consumers who are actively shopping for the best mortgage. The six key areas we evaluated include the loan types and loan products offered, online capabilities, online mortgage rate information, customer service and the number of complaints filed with the Consumer Financial Protection Bureau as a percentage of loans issued. We also awarded lenders up to one bonus star for a unique program or borrower focus that set them apart from other lenders. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.

To recap our selections...

NerdWallet's Best Connecticut Mortgage Lenders of 2019