If you’re a resident of Connecticut it’s important to be aware of the different mortgage lenders in your area along with the different mortgage options they have available. With the recent rise of interest rates in late 2022, it’s important to shop around as a borrower to find the best deal. In this article, we have found the top 6 mortgage lenders in Connecticut along with the different mortgage programs they have available for borrowers.
Editor Note: We have thoroughly reviewed each lender and ensured they are in good legal standing with their state licensing and have a great BBB rating.
New England Home Mortgage
New England Home Mortgage is considered one of the top mortgage lenders in Connecticut. Their team has over 50 years of industry experience and a very streamlined mortgage process that makes working with them easy. They offer clients free mortgage consultations to help them learn about mortgages and how they can help them out. In addition to their accolades, they have a very quick and easy pre-qualification process that can get you a pre-approval within 24-48 hours.
Different Types of Mortgage Options Offered
- Conventional Loans (Fixed / Adjustable Rates)
- Cash Out Refinance
- FHA Mortgages
- VA Loans
- USDA Loans
- Rehab/Renovation Loans
- CHFA
- Reverse Mortgages
A great part to working with New England Home Mortgage is that they strive to give clients unbiased advise and find a custom tailored solution to fit their needs.
Warshaw Capital – WarCap Home Loans
Warshaw Capital offers a modern approach to mortgage lending and strives to provide excellent customer service while offering competitive interest rates along with low closing costs. An advantage to working with WarCap Home Loans is the fact that they have clear upfront pricing. There are many ways that mortgage brokers can rip borrowers off and WarCap’s mantra is to have complete transparency with their borrowers, especially about the costs associated with their mortgage.
Different Types of Mortgage Options Offered
- Conventional Loans
- Cash Out Refinance
- FHA Mortgages
- VA Loans
- Investment Property Options
- Home Equity Loans
Another great part of working with WarCap Home Loans is their ability to close loans quickly and give borrowers quick pre-approvals. Their loan approvals are 10 days quicker than other competitors and they can issue borrowers pre-approvals in as little as 24 hours.
Prysma Lending Group
Prysma Lending Group does not only have mortgage officers in Connecticut, they have loan officers nationwide that can help borrowers find a mortgage solution that fits their needs. Their main focus is helping minorities who are underserved by major lenders and banks. This includes native Spanish and Portuguese speakers. This allows Prysma Lending Group to be one of the more specialized mortgage lenders in Connecticut.
Different Types of Mortgage Options Offered
- Conventional Loans (Fixed/Adjustable Rate)
- Cash Out Refinance
- FHA Mortgages
- VA Loans
- Jumbo Loans
- USDA Loans
- Home Equity Loans
- ITIN Loans
Total Mortgage
Located in Milford, Total Mortgage is one of the more unique and flexible mortgage lenders in Connecticut. One of the key unique factors of Total Mortgage is the sheer plethora of mortgage options they can offer to clients. In addition to having a wide range of different loan options available for borrowers, Total Mortgage has a completely streamlined process to get you approved quickly and efficiently. They’re a nationwide company and have a great working relationship with local realtors to help guide you through your home-buying journey.
Different Types of Mortgage Options Offered
- Conventional (Fixed/Adjustable)
- Cash Out Refinance
- FHA
- FHA Streamlined
- USDA Loans
- USDA Streamline
- VA Loans
- HELOC’s
- Jumbo Loans
- Homestyle Renovation Loans
Supreme Lending
Located in Manchester, Supreme Lending is another local mortgage lender in Connecticut that is top rated. Supreme Lending offers clients an easy 5 step mortgage process that is easy to follow and helps borrowers find the loan program that best suits their needs. Supreme Lending has a great team along with many different mortgage options to help clients find the financial options best suited for them.
Different Types of Mortgage Options Offered
- Conventional (Fixed/Adjustable)
- Jumbo
- Homeready
- Cash Our Refinance
- FHA 203(k) Rehab
- Investment Property Loans
- Rate Term Refinance
- Standard FHA
- VA
- USDA Rural Housing
Envoy Mortgage
Envoy Mortgage has a long 25+ year history in the mortgage business. They constantly innovate and invest in their people and technology to give their clients a great mortgage experience. Envoy has been nationally recognized by Mortgage Executive Magazine as one of the Top 50 Companies to work for. They understand that buying a home can be a stressful process, but they strongly believe that having the right people and the right resources can help make all the difference.
Different Types of Mortgage Options Offered
- Conventional Loans (Adjustable/Fixed)
- Constructions Loans
- Jumbo Loans
- Renovation Loans
- USDA Loans
- Non-Agency Loans
- FHA Loans
- Cash Out Refinance
- Rate and Term Refinance
Conclusion
If you live in Connecticut there are many great options to consider when it comes to getting your mortgage. We recommend shopping around and finding a mortgage lender that is local to you that can provide a bespoke experience fitting your needs. If you ever feel rushed by a lender throughout the process, take the time and find someone that will work with you on your terms and pace.
FAQ’s
What Credit Score is Needed to Buy A House in CT?
You should have a credit score of a least 620 to purchase a home in Connecticut. However, some borrowers may qualify for an FHA loan with a credit score below that if they meet other qualifying requirements.
