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.
Last updated on January 21, 2021
Written by
Edited by
Alex Richards
Fact Checked
Fact Checked
Written by
Edited by
Alex Richards
Fact Checked
Fact Checked
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 and here's how we make money.
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.
Why trust NerdWallet
- 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.
Why trust NerdWallet
- 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.
8 Best Connecticut Mortgage Lenders of 2021
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Lender ▾ ▾ | NerdWallet Rating ▾ ▾ | Min. credit score ▾ ▾ | Min. down payment ▾ ▾ | Learn more |
|---|---|---|---|---|
 Rate: NMLS#2611 LEARN MORE on NerdWallet | 620 | 3% | LEARN MORE on NerdWallet | |
 SoFi: NMLS#696891 LEARN MORE on NerdWallet | 620 | 3% | LEARN MORE on NerdWallet | |
 Chase: NMLS#399798 LEARN MORE on NerdWallet | 620 | 3% | LEARN MORE on NerdWallet | |
 Bank of America: NMLS#399802 LEARN MORE on NerdWallet | 660 | 5% | LEARN MORE on NerdWallet | |
 loanDepot: NMLS#174457 LEARN MORE on NerdWallet | 660 | 10% | LEARN MORE on NerdWallet | |
 SunTrust (Truist): NMLS#2915 LEARN MORE on NerdWallet | N/A | N/A | LEARN MORE on NerdWallet | |
 Carrington: NMLS#2600 LEARN MORE on NerdWallet | 620 | 3% | LEARN MORE on NerdWallet | |
 TD Bank: NMLS#399800 LEARN MORE on NerdWallet | 620 | 3% | LEARN MORE on NerdWallet |
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Why We Like ItRate boasts a streamlined application process, with full underwriting in as little as one business day, though average fees are higher than many competitors’.
Pros
- Fully underwritten mortgage approval in as little as one day for qualified borrowers.
- Generous selection of loans, including government-backed, interest-only, jumbo and renovation.
- Advertises a HELOC that can be funded in as few as five business days.
Cons
- Origination fees are on the high side, according to the latest federal data.
- HELOC requires immediate, full withdrawal of funds.
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Why We Like ItSoFi offers standard purchase and refinance mortgage options, but not construction or renovation loans, and stands out for its convenient one-stop-shopping setup.
Pros
- Offers a credit up to $10,000 if closing exceeds the contract date and the lender is at fault.
- Sample mortgage rates are highly customizable.
- Borrowers can lock in their rate for up to 91 days after preapproval.
Cons
- Borrowers may experience difficulty with customer service.
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Why We Like ItChase offers a good variety of loan types, including programs for first-time buyers, but it doesn't offer home equity options or stand out for competitive average rates and fees.
Pros
- Offers two loans with 3% down payment minimums.
- Home buyer grants up to $7,500 may apply for qualifying borrowers.
- Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
Cons
- Borrowers must speak with a home loan expert before completing an online application.
- No online live chat feature, and in-person services vary by branch location.
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Bank of America: NMLS#399802
4.0
Home loans overall
NerdWallet ratingMin. credit score
660
Min. down payment
5%
National / regional
National
Why We Like ItBank of America offers low interest rates, in-person service and plenty of loan options, but it was fined by regulators for reporting inaccurate mortgage data.
Pros
- Interest rates are lower than most lenders, according to the latest federal data.
- Offers up to $10,000 in down payment assistance to qualified borrowers.
- Banking customers can get discounted interest rates or fees.
Cons
- Mortgage origination fees are on the high side, according to the latest federal data.
- Rate estimator tool doesn’t personalize by credit score.
- Fined $12 million for reporting inaccurate mortgage applicant info to the federal government.
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Why We Like ItLoanDepot touts an efficient online mortgage application process and offers jumbo loans up to $3M with down payments below 20%, but sample rates are not available online.
Pros
- Offers financing for jumbo loans up to $3M.
- Digital mortgage application process promises faster than average closing times.
- Allows jumbo down payments that are below 20%.
Cons
- Sample interest rates are not available online.
- Originates lower volume of jumbo loans compared to other lenders.
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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.
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Why We Like ItCarrington Mortgage offers loans for people who might have trouble qualifying for a mortgage elsewhere, like self-employed borrowers or those with heavy debt. However, its interest rates are on the high side.
Pros
- Considers borrowers with bad credit, foreclosure or bankruptcy.
- Accepts self-employed borrowers.
- Mortgage origination fees are on the low side, according to the latest federal data.
Cons
- Interest rates are on the high side, according to the latest federal data.
- Doesn’t post interest rates online.
- No online chat for customer service.
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TD Bank: NMLS#399800
4.5
HELOCs
NerdWallet ratingNational / regional
Regional
Max LTV
89.90
Min. credit score
620
Why We Like ItTD Bank stands out for being one of the largest HELOC lenders in the country by origination volume. Borrowers have the option to lock their interest rate on a balance, and rate quotes are customizable online.
Pros
- Maximum borrowing limit is 89.99%, higher than the industry standard of 80%.
- Rate discount for borrowers with a TD Bank checking account.
- No minimum draw requirement.
Cons
- Borrowers pay a $99 origination fee and a $50 annual fee.
- Borrowers can apply online but must close in person.
- Best rates are reserved for lines of credit starting at $200,000.
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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.
NerdWallet's Best Connecticut Mortgage Lenders of 2021
- 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
