Connecticut USDA Loan Rates, Closing Costs & Stats
Connecticut
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Connecticut USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Connecticut
averaged
6.64%
for the week of 2025-04-04, compared to the national average (all USDA variants) of
6.324% for the same period.
Connecticut's average USDA mortgage closing costs are $6,078.
The average rate for the prior week (2025-03-28) was
6.7% and
one month ago for the week of 2025-02-28, the
average rate was 6.65%.
The average rate one year ago was 6.81%.
For refis of the same type during the week of 2025-04-04, the average rate
was 6.52%.
Connecticut USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Connecticut level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| T2 FINANCIAL LLC | 8 | 6.50% | $10,091 |
| GUARANTEED RATE, INC. | 4 | 6.72% | $10,979 |
| Paramount Residential Mortgage Group, Inc. | 3 | 6.63% | $6,757 |
| EVERETT FINANCIAL, INC. | 3 | 6.21% | $6,773 |
| NORTHPOINT MORTGAGE, INC. | 2 | 6.25% | $7,847 |
| PLAZA HOME MORTGAGE, INC. | 2 | 6.38% | $8,811 |
| Waterstone Mortgage Corporation | 2 | 6.00% | $14,797 |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | 1 | 5.99% | $6,727 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 5.75% | $15,350 |
| Prosperity Home Mortgage, LLC | 1 | 5.99% | $6,501 |
| PROVINCE MORTGAGE ASSOCIATES, INC. | 1 | 7.25% | $7,840 |
| TOTAL MORTGAGE SERVICES, LLC | 1 | 6.63% | $9,649 |
| NFM, INC. | 1 | 6.50% | $12,961 |
| BROKER SOLUTIONS, INC. | 1 | 6.25% | $8,294 |
| CMG MORTGAGE, INC. | 1 | 5.13% | $10,860 |
| Flagstar Bank, FSB | 1 | 6.25% | $11,367 |
| Ixonia Bank | 1 | 6.63% | $10,681 |
| Keystone Funding, Inc. | 1 | 5.75% | $15,182 |
| MOVEMENT MORTGAGE, LLC | 1 | 6.63% | $7,861 |
The top Connecticut USDA lender as defined by loan originations is T2 FINANCIAL LLC, with
8 USDA loans originated. Their average total fees are
$10,091, which is $888
lower than the next largest lender,
GUARANTEED RATE, INC..
The lowest fee Connecticut USDA lenders (with over 10 loans originated) are
.
The lowest rate Connecticut USDA lenders (with over 10 loans originated) are
.