If you’re shopping for a mortgage in the Constitution State, NerdWallet has done the research to help with your decision.
Whether you prefer a traditional bank, need a jumbo loan, are new to home buying, would like a home equity line of credit, or want to get your mortgage online, these Connecticut lenders have the expertise.
Best traditional mortgage lenders in Connecticut
These banks have numerous branch offices in Connecticut, long experience in banking and a wide selection of home loan products.
- A broad range of loans available, including fixed-rate, ARM, FHA, VA, HELOC, refinance and cash-out refinance
- Allows discounts on closing costs, as well as mortgage and HELOC rates for borrowers with Chase personal deposit or investment accounts
- Is the second-largest Connecticut mortgage lender, based on loan origination volume
- Chase Mortgage review
- Combines a full suite of online and mobile tools with personal advice available online, by phone and at local branches
- In branches without in-house mortgage expertise customers meet with Bank of America mortgage specialists by video conference
- Mortgage offerings include 15- and 30-year fixed loans, FHA, VA, home equity and refinance, as well as 5/1, 7/1 and 10/1 ARMs
- Bank of America review
Best Connecticut mortgage lenders for jumbo loans
With prices rising in Connecticut, you may need a jumbo mortgage. These lenders have experts to assist with jumbo products and possible alternatives.
- Lends jumbo amounts of up to $1,500,000 on a primary residence or second home with loan-to-value of 80%
- Jumbo alternative combines a conforming loan with a second mortgage for an overall lower rate (85% total maximum loan-to-value; maximum total loan amounts may vary)
- Offers mortgage assistance by online chat and phone
- SunTrust review
- Jumbo mortgage choices include fixed-rate, ARM and cash-out refinance
- Sixth-largest mortgage lender in Connecticut by loan origination volume
- Low volume of customer complaints, according to NerdWallet analysis
- LoanDepot review
Best Connecticut mortgage lenders for first-time home buyers
These lenders have the loan products and the expertise to guide first-timers through the mortgage process.
- Offers FHA, VA and USDA loans.
- Helps borrowers with lower credit scores and other difficulties.
- Considers alternative credit data, like bank statements and rent payments.
- Vylla review
- Does 65% of its business with first-time buyers, giving it abundant experience
- Considers nontraditional credit history such as bill-payment history, career prospects and cash flow in assessing customers for a mortgage
- No private mortgage insurance required, even with down payments under 20%
- SoFi review
Best Connecticut lenders for home equity lines of credit
If you need to pay for home upgrades, a HELOC may be the answer. These lenders have the products and the know-how.
- Offers home equity fixed-rate loans and HELOCs
- No application or closing fees on HELOCs; withdraw funds with a check, debit card, transfer to a linked account or automatic payment deduction
- Home equity loans have terms of five to 30 years, in five-year increments
- CitiMortgage review
- HELOC has 0.25% rate discount with personal checking account, $200,000 minimum credit line and 80% combined LTV
- Home equity loan has $25,000 minimum, with terms of five to 30 years
- Many Connecticut branches available for in-person guidance
- TD Bank review
Best online mortgage lenders in Connecticut
These lenders have the right tools for Connecticut borrowers who’d rather apply for a mortgage online.
- Quicken’s Rocket Mortgage platform uses industry-leading technology
- Mobile app lets users automatically share financial data with the loan application and manage the mortgage
- Go online to schedule your loan closing and access the closing documents ahead of time
- Quicken Loans review
- Easy-to-navigate digital platform lets borrowers select their loan type and term
- Upload and e-sign documents and receive a loan approval online
- Home appraisals can be ordered from within the online application
- Guaranteed Rate review
Best Connecticut mortgage lenders: summary
- Chase: Best traditional lenders
- Bank of America: Best traditional lenders
- SunTrust: Best for jumbo loans
- LoanDepot: Best for jumbo loans
- Vylla: Best for first-time home buyers
- SoFi: Best for first-time home buyers
- CitiMortgage: Best for home equity lines of credit
- TD Bank: Best for home equity lines of credit
- Quicken Loans: Best for online experience
- Guaranteed Rate: Best for online experience
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