Connecticut Mortgage Rates | CT Mortgage Refinance

Whether you’re planning to purchase a Connecticut home in Hartford, Litchfield Hills, or in Bridgeport along the I-95 corridor, you’ll want to make the experience as stress-free and simple as possible. We’re here to supply you Five Mile Light House | Lighthouse Point Park in New Haven, Connecticutwith the best and most current Connecticut mortgage information and mortgage rates.

 

Determine Your Mortgage Goals and Budget

The first step in the Connecticut home mortgage process is to determine your home-owning goals and to establish a budget. What kind of home are you looking for, and what is the ballpark range of your mortgage budget?

 

Generate a true-to-life budget by listing all of your monthly expenses (and when we say "all," we mean all!). Then, determine how much you could afford for a monthly mortgage payment given your current monthly income. Be conservative in your estimate, though, because finances or situations can quickly change (e.g. job loss, unexpected expenses), but your monthly mortgage payment is here to stay.

 

Select the Right Connecticut Mortgage

There are many types of Connecticut home mortgages to choose from. Speak with a trusted CT mortgage lender about which mortgage type is best for you. Keep in mind that a shorter loan term (e.g. 10-year mortgage as opposed to a 30-year mortgage), generally has a lower mortgage rate. Here are three of the most popular types of Connecticut mortgages.

  • Fixed Rate Mortgage (FRM): A Fixed Rate Mortgage is one of the more conservative mortgage types, in that it has a set interest rate that stays the same for the entire loan term. This means that your monthly payment will be the same every month. If you can lock in a low interest rate, or if you plan to stay in your new home for at least 10 years, a FRM may be your best option.
  • Adjustable Rate Mortgage (ARM): An Adjustable Rate Mortgage is a bit riskier than a FRM, in that the interest rate changes, or adjusts, depending on the market. An ARM generally has a lower interest rate than a FMR, and ARMs often have shorter loan terms. If you plan to move from your new home in a few years, or are comfortable with the increased risk of an adjustable rate, you may want to consider an ARM.
  • Interest Only Mortgage: An Interest Only Mortgage allows Connecticut mortgage holders to only pay the interest on their loan for a certain number of years. Once the interest-only term expires, borrowers pay both interest and principal. An Interest Only Mortgage is a great option for new CT homebuyers who have limited monthly cash flow and need to have an initial low mortgage payment.

Understand Connecticut Mortgage Tax Breaks

One great thing about owning a home in Connecticut is that you may be eligible for tax savings. Not only can you deduct property taxes, but you can also deduct any interest and points you’e paid on your CT home mortgage. The largest tax breaks take place during the first few years of home ownership, because you generally pay more interest and points at the beginning of the mortgage term. Be sure to speak with your CT mortgage lender about any tax breaks that you qualify for.

 

Whether you decide to buy a comfy Tudor in New Haven or a sprawling estate in Stamford, we’re here to help answer any Connecticut mortgage questions you have and guide you in the process of buying your dream home. Contact us today to receive a free no obligation mortgage rate quote!

 

We have Connecticut Mortgage Lenders covering these cities:
Abington - Windham Towns - Windham County
Addison - Hartford Towns - Hartford County
Allington - New Haven Towns - New Haven County
Amston - Tolland Towns  - Tolland County
Andover - Tolland Towns  - Tolland County
Ansonia - New Haven Towns - New Haven County
Ashford - Windham Towns - Windham County
Avon - Hartford Towns - Hartford County
Bakersville - Litchfield Towns - Litchfield County
Ballouville - Windham Towns - Windham County
Baltic - New London Towns - New London County
Bantam - Litchfield Towns - Litchfield County
Barkhamsted - Litchfield Towns - Litchfield County
Beacon Falls - New Haven Towns - New Haven County
Berkshire - Fairfield Towns - Fairfield County
Berlin - Hartford Towns - Hartford County
Bethany - New Haven Towns - New Haven County
Bethel -  Fairfield Towns - Fairfield County
Bethlehem - Litchfield Towns - Litchfield County
Bloomfield - Hartford Towns - Hartford County
Blue hills - Hartford Towns - Hartford County
Bolton - Tolland Towns  - Tolland County
Bozrah - New London Towns - New London County
Branchville - Fairfield Towns - Fairfield County
Branford - New Haven Towns - New Haven County
Bridgeport - Fairfield Towns - Fairfield County
Bridgewater - Litchfield Towns - Litchfield County
Bristol - Hartford Towns - Hartford County
Broadbrook - Hartford Towns - Hartford County
Brookfield - Fairfield Towns - Fairfield County
Brooklyn - Windham Towns - Windham County
Buckingham - Hartford Towns - Hartford County
Burlington - Hartford Towns - Hartford County
Burnside - Hartford Towns - Hartford County
Byram - Fairfield Towns - Fairfield County
Canaan - Litchfield Towns - Litchfield County
Canterbury - Windham Towns - Windham County
Centerbrook - Middlesex Towns - Middlesex County
Canton - Hartford Towns - Hartford County
Chaplin - Windham Towns - Windham County
Cheshire - New Haven Towns - New Haven County
Chester - Middlesex Towns - Middlesex County
Clinton - Middlesex Towns - Middlesex County
Cobalt - Middlesex Towns - Middlesex County
Colchester - New London Towns - New London County
Colebrook - Litchfield Towns - Litchfield County
Collinsville - Hartford Towns - Hartford County
Columbia - Tolland Towns  - Tolland County
Cornwall - Litchfield Towns - Litchfield County
Cos Cob - Fairfield Towns - Fairfield County
Coventry - Tolland Towns  - Tolland County
Cranbury - Fairfield Towns - Fairfield County
Cromwell - Middlesex Towns - Middlesex County
Crystal Lake - Tolland Towns  - Tolland County
Danbury - Fairfield Towns - Fairfield County
Danielson - Windham Towns - Windham County
Darien - Fairfield Towns - Fairfield County
Dayville - Windham Towns - Windham County
Deep River - Middlesex Towns - Middlesex County
Derby - New Haven Towns - New Haven County
Devon - New Haven Towns - New Haven County
Durham - Middlesex Towns - Middlesex County
East Berlin - Hartford Towns - Hartford County
East Brooklyn - Windham Towns - Windham County
East Canaan - Litchfield Towns - Litchfield County
East Granby - Hartford Towns - Hartford County
East Hartford - Hartford Towns - Hartford County
East Haddam - Middlesex Towns - Middlesex County
East Hampton - Middlesex Towns - Middlesex County
East Haven - New Haven Towns - New Haven County
East Killingly - Windham Towns - Windham County
East Lyme - New London Towns - New London County
East Morris - Litchfield Towns - Litchfield County
East Norwalk - Fairfield Towns - Fairfield County
East Putnam - Windham Towns - Windham County
East River - New Haven Towns - New Haven County
East Windsor - Hartford Towns - Hartford County
Eastford - Windham Towns - Windham County
Easton - Fairfield County
Ellington - Tolland Towns  - Tolland County
Elmwood - Hartford Towns - Hartford County
Enfield - Hartford Towns - Hartford County
Essex - Middlesex Towns - Middlesex County
Fabyan - Windham Towns - Windham County
Fairfield - Fairfield County
Falls Village - Litchfield Towns - Litchfield County
Farmington - Hartford Towns - Hartford County
Fenwick - Middlesex Towns - Middlesex County
Forestville - Hartford Towns - Hartford County
Foxon - New Haven Towns - New Haven County
Franklin - New London Towns - New London County
Gales Ferry - New London Towns - New London County
Gaylordsville - Litchfield Towns - Litchfield County
Georgetown - Fairfield Towns - Fairfield County
Glastonbury -   Hartford Towns - Hartford County
Glenville - Fairfield Towns - Fairfield County
Goshen - Litchfield Towns - Litchfield County
Granby - Hartford Towns - Hartford County
Greenfield Hill - Fairfield Towns - Fairfield County
Greenwich - Fairfield Towns - Fairfield County
Griswold - New London Towns - New London County
Grosvenor Dale - Windham Towns - Windham County
Groton - New London Towns - New London County
Guilford - New Haven Towns - New Haven County
Haddam - Middlesex Towns - Middlesex County
Hamden - New Haven Towns - New Haven County
Hampton - Windham Towns - Windham County
Hanover - New London Towns - New London County
Hartford - East Hartford  West Hartford Harwinton - Litchfield Towns - Litchfield County
Hawleyville - Fairfield Towns - Fairfield County
Hazardville - Hartford Towns - Hartford County
Hebron - Tolland Towns  - Tolland County
Higganum - Middlesex Towns - Middlesex County
Highland Park - Hartford Towns - Hartford County
Hockanum - Hartford Towns - Hartford County
Huntington - Fairfield Towns - Fairfield County
Indian Neck - New Haven Towns - New Haven County
Ivoryton - Middlesex Towns - Middlesex County
Jewett City - New London Towns - New London County
Kent - Litchfield Towns - Litchfield County
Killingly - Windham Towns - Windham County
Killingworth - Middlesex Towns - Middlesex County
Lake Pocotopaug - Middlesex Towns - Middlesex County
Lakeville - Litchfield Towns - Litchfield County
Lebanon - New London Towns - New London County
Ledyard - New London Towns - New London County
Leetes Island - New Haven Towns - New Haven County
Lisbon - New London Towns - New London County
Litchfield - Litchfield Towns - Litchfield County
Long Hill - Fairfield Towns - Fairfield County
Lords Point -New London Towns - New London County
Lyons Plain - Fairfield Towns - Fairfield County
Madison - New Haven Towns - New Haven County
Manchester - Hartford Towns - Hartford County
Mansfield - Tolland Towns  - Tolland County
Marion - Hartford Towns - Hartford County
Marlborough - Hartford Towns - Hartford County
Meriden - New Haven Towns - New Haven County
Middlebury - New Haven Towns - New Haven County
Middlefield - Middlesex Towns - Middlesex County
Middletown - Middlesex County
Mill Plain - Fairfield Towns - Fairfield County
Milford - New Haven Towns - New Haven County
Milldale - Hartford Towns - Hartford County
Milton - Litchfield Towns - Litchfield County
Mohegan - New London Towns - New London County
Montville - New London Towns - New London County
Monowese - New Haven Towns - New Haven County
Monroe - Fairfield Towns - Fairfield County
Moodus - Middlesex Towns - Middlesex County
Moosup - Windham Towns - Windham County
Morningside Park - New London Towns - New London County
Morris - Litchfield Towns - Litchfield County
Mystic - New London Towns - New London County
Naugauck - New Haven Towns - New Haven County
New Britain - Hartford Towns - Hartford County
New Canaan - Fairfield Towns - Fairfield County
New Fairfield - Fairfield Towns - Fairfield County
New Hartford - Litchfield Towns - Litchfield County
New Haven - New Haven Towns - New Haven County
New London - New London Towns - New London County
New Milford - Litchfield Towns - Litchfield County
New Preston - Litchfield Towns - Litchfield County
Newington - Hartford Towns - Hartford County
Newtown - Fairfield Towns - Fairfield County
Niantic - New London Towns - New London County
Nichols - Fairfield Towns - Fairfield County
Noank - New London Towns - New London County
Norfolk - Litchfield Towns - Litchfield County
Noroton - Fairfield Towns - Fairfield County
Noroton Heights - Fairfield Towns - Fairfield County
North Bloomfield - Hartford Towns - Hartford County
North Branford - New Haven Towns - New Haven County
North Canton - Hartford Towns - Hartford County
North Franklin - New London Towns - New London County
North Granby - Hartford Towns - Hartford County
North Grosvenor Dale - Windham Towns - Windham County
North Guilford - New Haven Towns - New Haven County
North Haven - New Haven Towns - New Haven County
North Lyme - New London Towns - New London County
North Stonington - New London County
North Woodbury - Litchfield Towns - Litchfield County
Northfield - Litchfield Towns - Litchfield County
Northford - New Haven Towns - New Haven County
Northville - Litchfield Towns - Litchfield County
Norwalk - Fairfield Towns - Fairfield County
Norwich - New London Towns - New London County
Norwichtown - New London Towns - New London County
Oakdale - New London Towns - New London County
Oakville - Litchfield Towns - Litchfield County
Occum - New London Towns - New London County
Old Greenwich Old Lyme -  New London County
Old Mystic - New London Towns - New London County
Old Saybrook - Middlesex Towns - Middlesex County
Oneco - Windham Towns - Windham County
Orange - New Haven Towns - New Haven County
Oxford - New Haven Towns - New Haven County
Pawcatuck - New London Towns - New London County
Pequabuck - Litchfield Towns - Litchfield County
Plainfield - Windham Towns - Windham County
Plainville - Hartford Towns - Hartford County
Plantsville - Hartford Towns - Hartford County
Pleasure Beach - New London Towns - New London County
Plymouth - Litchfield Towns - Litchfield County
Pomfret - Windham Towns - Windham County
Portland - Middlesex Towns - Middlesex County
Poquonock - Hartford Towns - Hartford County
Poquonock Bridge - New London Towns - New London County
Preston - New London Towns - New London County
Prospect - New Haven Towns - New London County
Putnam - Windham Towns - Windham County
Putnam Heights - Windham Towns - Windham County
Quaker Hill - New London Towns - New London County
Quinebaug - Windham Towns - Windham County
Quinnipiac - New Haven Towns - New Haven County
Redding - Fairfield Towns - Fairfield County
Redding Ridge - Fairfield Towns - Fairfield County
Ridgefield - Fairfield Towns - Fairfield County
Riverside - Fairfield Towns - Fairfield County
Rockfall - Middlesex Towns - Middlesex County
Rockville - Tolland Towns  - Tolland County
Rocky Hill - Hartford Towns - Hartford County
Rogers - Windham Towns - Windham County
Round Hill - Fairfield Towns - Fairfield County
Roxbury - Litchfield Towns - Litchfield County
Salem - New London Towns - New London County
Sandy Hook - Fairfield Towns - Fairfield County
Saugatuck - Fairfield Towns - Fairfield County
Saybrook Point - Middlesex Towns - Middlesex County
Scantic- Hartford Towns - Hartford County
Scotland -Windham Towns - Windham County
Seymour - New Haven Towns - New Haven County
Sharon - Litchfield Towns - Litchfield County
Shelton - Fairfield Towns - Fairfield County
Sherman - Fairfield Towns - Fairfield County
Short Beach - New Haven Towns - New Haven County
Simsbury - Hartford Towns - Hartford County
Somers - Tolland Towns  - Tolland County
Somersville - Tolland Towns  - Tolland County
South Coventry - Tolland Towns  - Tolland County
South Glastonbury - Hartford Towns - Hartford County
South Killingly - Windham Towns - Windham County
South Windham - Windham Towns - Windham County
South Windsor  - Hartford Towns - Hartford County
South Woodstock - Windham Towns - Windham County
Southbury - New Haven Towns - New Haven County
Southington - Hartford Towns - Hartford County
Southport - Fairfield Towns - Fairfield County
Sprague - New London Towns - New London County
Stafford - Fairfield Towns - Fairfield County
Stafford Springs - Tolland Towns  - Tolland County
Staffordville - Windham Towns - Windham County
Stamford - Fairfield Towns - Fairfield County
Stepney - Fairfield Towns - Fairfield County
Sterling - Windham Towns - Windham County
Stonington - New London Towns - New London County
Stony Creek - New Haven Towns - New Haven County
Storrs - Tolland Towns  - Tolland County
Stratford - Fairfield Towns - Fairfield County
Suffield - Hartford Towns - Hartford County
Taftville - New London Towns - New London County
Talcottville - Tolland Towns  - Tolland County
Tariffville - Tolland Towns  - Tolland County
Terryville - Litchfield Towns - Litchfield County
Thamesville - Hartford Towns - Hartford County
Thomaston - Litchfield Towns - Litchfield County
Thompson - Windham Towns - Windham County
Thompsonville - Hartford Towns - Hartford County
Tolland - Tolland Towns  - Tolland County
Torrington - Litchfield Towns - Litchfield County
Totoket - New Haven Towns - New Haven County
Trumbull - Fairfield Towns - Fairfield County
Uncasville - New London Towns - New London County
Union - Tolland Towns  - Tolland County
Union City - New Haven Towns - New Haven County
Unionville - Hartford Towns - Hartford County
Vernon - Tolland Towns  - Tolland County
Vernon Center - Tolland Towns  - Tolland County
Versailles - New London Towns - New London County
Voluntown - New London Towns - New London County
Wallingford - New Haven Towns - New Haven County
Warehouse Point - Hartford Towns - Hartford County
Warren - Litchfield Towns - Litchfield County
Waterford - New London Towns - New London County
Washington - Litchfield Towns - Litchfield County
Washington Depot - Litchfield Towns - Litchfield County
Waterbury - New Haven Towns - New Haven County
Watertown - Litchfield Towns - Litchfield County
Wauregan - Windham Towns - Windham County
Weatogue -  Hartford Towns - Hartford County
West Avon - Hartford Towns - Hartford County
West Granby - Hartford Towns - Hartford County
West Hartford - Hartford Towns - Hartford County
West Haven - New Haven Towns - New Haven County
West Simsbury - New Haven Towns - New Haven County
West Suffield - Hartford Towns - Hartford County
Westfield - Middlesex Towns - Middlesex County
Westbrook - Middlesex Towns - Middlesex County
Weston - Fairfield Towns - Fairfield County
Westport - Fairfield Towns - Fairfield County
Wethersfield - Litchfield Towns - Litchfield County
Whitneyville - New Haven Towns - New Haven County
Willimantic - Windham Towns - Windham County
Willington - Tolland Towns  - Tolland County
Wilton - Fairfield Towns - Fairfield County
Winchester - Litchfield Towns - Litchfield County
Windham - Windham Towns - Windham County
Windsor - Hartford Towns - Hartford County
Winsor Locks - Hartford Towns - Hartford County
Winnipauk - Fairfield Towns - Fairfield County
Winsted - Litchfield Towns - Litchfield County
Winthrop - Middlesex Towns - Middlesex County
Wolcott - New Haven Towns - New Haven County
Woodbridge - New Haven Towns - New Haven County
Woodbury - Litchfield Towns - Litchfield County
Woodmont - New Haven Towns - New Haven County
Woodstock - Windham Towns - Windham County
Yantic - New London Towns - New London County