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8 Best Connecticut Mortgage Lenders of 2021

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.

NerdWallet
By
Last updated on January 21, 2021
Edited by
✅ Fact checked and reviewed
Alex Richards
Edited by
✅ Fact checked and reviewed

Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners.

  • 50+ mortgage lenders reviewed and rated by our team of experts.
  • 40+ years of combined experience covering mortgages and financial topics.
  • Objective, comprehensive star rating system assessing 120+ categories and 5,000+ data points.
  • Governed by NerdWallet's strict guidelines for editorial integrity.
NerdWallet's mortgage content, including articles, reviews and recommendations, is produced by a team of writers and editors who specialize in home lending. Their work has appeared in The Associated Press, USA Today, The Washington Post, MarketWatch, Newsweek and many other national, regional and local publications. They have been cited in publications including The Wall Street Journal, and appeared on NerdWallet's "Smart Money" podcast as well as local TV and radio.

Best Connecticut Mortgage Lenders

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Lender
NerdWallet Rating
Min. credit score
Min. down payment
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Guaranteed Rate

Guaranteed Rate: NMLS#2611

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at Guaranteed Rate
at Guaranteed Rate
Home loans overall
Best for online experience

620

3%

SoFi

SoFi: NMLS#696891

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on NerdWallet
3.5
/5
Home loans overall
Best for first-time home buyers

620

3%

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on NerdWallet
Chase

Chase: NMLS#399798

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on NerdWallet
3.5
/5
Home loans overall
Best for traditional lending

620

3%

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on NerdWallet
Bank of America

Bank of America: NMLS#399802

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on NerdWallet
4.0
/5
Home loans overall
Best for traditional lending

660

5%

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on NerdWallet
loanDepot

loanDepot: NMLS#174457

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on NerdWallet
4.5
/5
Jumbo loans
Best for jumbo loans

N/A

3.5%

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on NerdWallet
SunTrust (Truist)

SunTrust (Truist): NMLS#2915

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on NerdWallet
4.5
/5
Jumbo loans
Best for jumbo loans

N/A

N/A

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on NerdWallet
Carrington

Carrington: NMLS#2600

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on NerdWallet
3.5
/5
Home loans overall
Best for first-time home buyers

620

5%

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on NerdWallet
TD Bank

TD Bank: NMLS#399800

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on NerdWallet
5.0
/5
HELOCs
Best for home equity lines of credit

620

3%

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on NerdWallet
Guaranteed Rate
Learn more
at Guaranteed Rate
at Guaranteed Rate
Guaranteed Rate

Guaranteed Rate: NMLS#2611

5.0
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: borrowers seeking a broad menu of loans, including jumbo and interest-only options, renovation loans and government-backed mortgages, as well as home equity lines of credit.
Pros
  • Offers a one-day mortgage approval process.
  • Offers a generous selection of loans, including government-backed, interest-only, ITIN, jumbo and renovation loans.
  • Advertises a HELOC that can be funded in as few as five business days.
Cons
  • Origination fees are higher than average, according to the latest federal data.
  • HELOC has a relatively short draw period, which may not provide flexibility for someone who wants the option of accessing home equity over a longer period.
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SoFi
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SoFi

SoFi: NMLS#696891

3.5
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: existing SoFi members or those willing to create an account to access a seamless digital experience, from mortgage application to chat support.
Pros
  • Has a highly rated mobile app that integrates with SoFi’s member rewards program.
  • Home equity line of credit (HELOC) borrowers can access up to 90% of home’s value, a higher limit than most lenders’.
  • Recently expanded mortgage offerings to include government-backed FHA and VA loans.
Cons
  • Requires users to create an account to access some digital conveniences, including loan application and customer service chat.
  • Displays only sample rates on its website. (Users with an online account can request a customized rate quote.)
  • Doesn’t offer renovation or construction-to-permanent loans.
Chase
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on NerdWallet
Chase

Chase: NMLS#399798

3.5
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: conventional borrowers and those interested in loans with low down payment requirements.
Pros
  • Offers two proprietary loans with low down payment requirements.
  • Provides customizable sample rates.
  • Receives high marks for customer satisfaction, according to JD Power and Zillow.
Cons
  • Borrowers must apply for prequalification before accessing a full online application.
  • Origination fees are higher than average, according to the latest federal data.
  • Borrowers may be frustrated with the lender’s website experience.
Bank of America
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Bank of America

Bank of America: NMLS#399802

4.0
Home loans overall
NerdWallet rating
Min. credit score

660

Min. down payment

5%

National / regional

National

Why We Like ItGood for: first-time home buyers looking for low- or no-down-payment options and homeowners interested in a home equity line of credit.
Pros
  • Offers down payment and closing cost assistance programs.
  • May give existing customers a discount on mortgage lender origination fees and HELOC interest rates.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
Cons
  • Doesn't offer renovation or construction-to-permanent mortgage loans.
  • Must enroll in online banking to access Home Loan Navigator.
  • Fined $12 million for reporting inaccurate mortgage applicant info to the federal government.
loanDepot
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on NerdWallet
loanDepot

loanDepot: NMLS#174457

4.5
Min. credit score

N/A

Min. down payment

3.5%

Why We Like ItGood for: borrowers who want an easy online application and a variety of loan types to explore.
Pros
  • Has branches across the country for customers who prefer face-to-face service.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
  • Mortgage interest rates tend to be on the lower end, according to the latest federal data.
Cons
  • Mortgage rates aren't available online; you'll need to contact a loan officer.
  • Doesn't offer home equity loans or lines of credit.
SunTrust (Truist)
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on NerdWallet
SunTrust (Truist)

SunTrust (Truist): NMLS#2915

4.5
Min. credit score

N/A

Min. down payment

N/A

Why We Like ItGood for: first-time home buyers, doctors and other borrowers interested in low-down-payment mortgage options.
Pros
  • Offers a wide variety of loan options, including special programs for doctors.
  • Offers a complete suite of online mortgage application tools and loan tracking.
  • Sample rates and fees are easy to find on the website.
Cons
  • Customized rates aren't available online without starting an application.
  • Branches are limited mostly to the Southeast.
Carrington
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on NerdWallet
Carrington

Carrington: NMLS#2600

3.5
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

5%

Why We Like ItGood for: credit-challenged borrowers interested in government loan products or borrowers with nontraditional credit histories.
Pros
  • Offers multiple low-down-payment loans.
  • Accepts history of bankruptcy, foreclosure and late payments with flexible loan program.
  • Considers borrowers with low credit scores and high debt-to-income ratios.
Cons
  • Fined $5.25 million for misleading customers about pandemic-era payment relief.
  • Doesn't offer home equity lines of credit.
  • Lender fees are on the high side, according to the latest federal data.
TD Bank
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TD Bank

TD Bank: NMLS#399800

National / regional

Regional

Max LTV

89.90

Min. credit score

620

Why We Like ItGood for: Borrowers on the East Coast seeking to tap into home equity with a rate discount, especially if there is no time crunch.
Pros
  • Publishes a sample HELOC rate online.
  • Offers a fixed-rate payment option.
  • Available for second homes and investment properties.
Cons
  • $50 annual fee, waived for lines of credit below $50,000.
  • Available only in states on the East Coast.
  • Early termination fee charged if the line is closed within two years.

More from NerdWallet:

Last updated on January 21, 2021

Methodology

NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. 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 2021

  • Guaranteed Rate: Best for online experience
  • SoFi: Best for first-time home buyers
  • Chase: Best for traditional lending
  • Bank of America: Best for traditional lending
  • loanDepot: Best for jumbo loans
  • SunTrust (Truist): Best for jumbo loans
  • Carrington: Best for first-time home buyers
  • TD Bank: Best for home equity lines of credit
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