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Connecticut Mortgage Rates as of 12/10/18 (call for up to the minute rates!)

*Conventional loans (non-government) get their appraisal cost credited back to them (up to $525) for loans that close by 12/31/18! Call for more info!

Program Rate Points APR
30 year fixed loan 4.5% 0 4.504%
USDA Rural Housing 5% 0 5.442%
FHA/VA 30 year fixed 4,25% 0 5.121%
FHA/VA 15 year fixed call 0 call
15 year fixed* 4.125% 0 4.129%
       

(loan amounts up to $679,650)**

     
30 year "High Balance" fixed ($453,100+) 4.75% 0 4.629%
(other programs available, call! for larger loan amounts)      

Many factors enter into our pricing, you may be eligible for a better rate or lower closings costs depending on your exact scenario and credit score.  Please call for more information. Non FHA/VA/USDA rates above assume: a credit score of 740 or better, 75% loan to value ratio (or lower), estimated home value of $200,000 either purchase or rate and term refinance loan.  Cash-out refinance rates are slightly higher (please call)

Rates subject to change without notice and are for 30 day rate locks. Many other programs available including interest only!

Jumbo loans historically been loan amounts greater than $484,350 and less than $1,000,000,  assume a credit score of 720 or greater and a loan to value ratio of 75% or less. Ask about our program that allows for rates/guidelines similar to non-jumbo for loans up to $679,650. Rates can be better/worse for those with lower loan to value ratios and/or higher credit scores. Please call for rates on loans greater than $679,650.

*These rates are all with $0 in points/origination/mortgage broker fees and are based upon the following scenarios for qualified buyers with loans over $130,000: purchases and rate and term refinances with loan to value ratios of 80% or less, cash out refinances with loan-to-value ratio of 70% or less.

Many other programs available!  Call 860-295-8000 for details!

Typical Closing costs are:
Appraisal - $495
Lender's Administration Fee - $995
Attorney Fee - $950
Title Insurance - by formula, $482.50 on a $130,000 loan ($710 on a $200,000 mortgage, $1035 on a $300,000 mortgage)
Recording Fee - $350