Connecticut VA Loan Rates, Closing Costs & Stats

Connecticut

A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

For additional benefits of VA loans, click here.

Connecticut VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Connecticut averaged 6.25% for the week of 2023-03-17, compared to the national average (all VA variants) of 6.138% for the same period.

Connecticut's average VA mortgage closing costs are $6,142.

The average rate for the prior week (2023-03-10) was 6.53% and one month ago for the week of 2023-02-10, the average rate was 6.06%.

The average rate one year ago was 4.36%.

For refis of the same type during the week of 2023-03-17, the average rate was 6.39%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Connecticut VA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Connecticut level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Mortgage Research Center, LLC 880 2.83% $6,709
QUICKEN LOANS, LLC 576 2.48% $5,490
NAVY FEDERAL CREDIT UNION 443 2.47% $6,679
FREEDOM MORTGAGE CORPORATION 340 2.52% $3,243
USAA Federal Savings Bank 240 2.87% $6,738
PENNYMAC LOAN SERVICES, LLC 207 2.40% $6,230
LOANDEPOT.COM, LLC 192 2.52% $7,021
UNITED WHOLESALE MORTGAGE, LLC 153 2.56% $7,039
GUARANTEED RATE, INC. 134 2.63% $6,054
NEW DAY FINANCIAL, LLC 125 2.83% $9,133
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 100 2.89% $8,021
LAKEVIEW LOAN SERVICING, LLC 96 2.50% $2,959
TOTAL MORTGAGE SERVICES, LLC 90 3.05% $10,871
HOME POINT FINANCIAL CORPORATION 81 2.49% $6,734
Mr. Cooper ( Nationstar Mortgage ) 75 2.74% $4,498
The Federal Savings Bank 75 2.54% $8,296
Prosperity Home Mortgage, LLC 72 2.68% $8,870
HOMEBRIDGE FINANCIAL SERVICES, INC. 68 2.73% $8,640
Wells Fargo Bank 65 2.54% $5,260
NORWICH COMMERCIAL GROUP, INC. 64 3.15% $7,209
CALIBER HOME LOANS, INC. 63 2.59% $5,964
Citizens Bank 61 2.59% $7,899
GUARANTEED RATE AFFINITY, LLC 59 2.74% $5,996
CROSSCOUNTRY MORTGAGE, LLC 58 2.80% $7,667
NEWREZ LLC 57 2.59% $5,722
Barrington Bank & Trust Company, N.A. 46 2.77% $5,858
MOVEMENT MORTGAGE, LLC 46 2.82% $9,043
ACCELERATE MORTGAGE, LLC 46 2.35% $6,844
Carrington Mortgage Services, LLC 41 2.83% $5,787
FIRST WORLD MORTGAGE CORPORATION 41 3.09% $9,172
PRIMELENDING, A PLAINSCAPITAL COMPANY 36 2.94% $6,378
PENTAGON FEDERAL CREDIT UNION 36 2.34% $2,847
VILLAGE CAPITAL MORTGAGE 31 2.37% $3,081
BROKER SOLUTIONS, INC. 24 2.79% $5,269
AMERISAVE MORTGAGE CORPORATION 24 2.63% $6,521
AMERICAN FINANCIAL NETWORK, INC. 23 2.65% $12,895
PLAZA HOME MORTGAGE, INC. 22 3.02% $7,143
Low VA Rates, LLC 22 2.31% $4,467
Flagstar Bank, FSB 21 2.89% $9,704
PLANET HOME LENDING, LLC 18 2.58% $2,614
First Guaranty Mortgage Corporation 18 2.50% $4,666
North American Savings Bank, F.S.B. 17 2.44% $7,071
NBKC BANK 16 2.46% $6,376
Magnolia Bank 16 2.66% $11,408
CONTOUR MORTGAGE CORPORATION 16 2.59% $7,050
HOMESTEAD FUNDING CORP. 16 2.90% $7,079
MUTUAL OF OMAHA MORTGAGE, INC. 16 2.84% $7,424
Paramount Residential Mortgage Group, Inc. 15 2.93% $7,066
PRIMARY RESIDENTIAL MORTGAGE, INC. 15 3.10% $8,568
Lakeview Community Capital, LLC 14 2.58% $2,191
BNC National Bank 13 2.32% $4,584
ENVOY MORTGAGE, LTD 13 3.27% $7,973
SUN WEST MORTGAGE COMPANY, INC. 13 2.45% $6,063
Atlantic Home Loans, Inc. 12 2.91% $3,723
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 12 2.86% $7,038
RESIDENTIAL MORTGAGE SERVICES, INC. 12 2.82% $5,317
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 11 2.75% $4,977
NP, Inc. 10 2.29% $3,732
InterContinental Capital Group, Inc 10 2.79% $6,211
First Federal Bank 10 2.84% $12,397
Mortgage Network, Inc. 10 3.03% $5,173
EQUITY RESOURCES, INC. 9 2.58% $9,733
PROVINCE MORTGAGE ASSOCIATES, INC. 9 3.10% $8,108
EMBRACE HOME LOANS, INC. 9 2.56% $8,856
KS StateBank 8 2.45% $9,028
BAY EQUITY LLC 8 2.92% $5,433
SOVEREIGN LENDING GROUP INCORPORATED 8 2.56% $7,852
Evolve Bank & Trust 8 2.66% $5,548
NORTHPOINT MORTGAGE, INC. 7 2.66% $4,985
HOMESIDE FINANCIAL, LLC 7 2.91% $3,462
Bank of England 7 2.79% $6,830
ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 3.18% $7,540
First Home Bank 6 2.52% $3,524
Berkshire Bank 6 2.33% $8,077
AmeriHome Mortgage Company, LLC 5 2.67% $3,025
Leader Bank 5 2.40% $9,444
Liberty Bank 5 2.95% $8,568
ACADEMY MORTGAGE CORPORATION 4 3.22% $12,177
AMERICAN FINANCING CORPORATION 4 2.78% $7,092
AmRes Corporation 4 2.28% $1,966
CMG MORTGAGE, INC. 4 2.53% $11,638
FINANCE OF AMERICA MORTGAGE LLC 4 2.69% $4,839
First Federal Bank of Kansas City 4 2.56% $3,131
KeyBank 4 2.69% $7,544
M&T Bank 4 2.84% $18,269
Northpointe Bank 4 2.78% $5,850
People's United Bank 4 2.91% $5,454
Shamrock Home Loans, Inc. 4 2.59% $3,982
Wyndham Capital Mortgage, Inc. 4 2.47% $9,005
Paramount Bank 3 2.96% $6,582
U.S. Bank 3 2.67% $10,957
Nations Lending Corporation 3 2.75% $8,073
UNITED NORTHERN MORTGAGE BANKERS LIMITED 3 2.58% $7,182
First Savings Bank 3 2.46% $6,775
OCEANSIDE MORTGAGE COMPANY 3 2.58% $1,202
Texana Bank 3 2.33% $12,094
RELIANCE FIRST CAPITAL, LLC 3 2.79% $8,830
Equity Prime Mortgage LLC 3 2.92% $6,640
FirstBank 3 2.71% $1,624
Capital Bank 3 2.42% $3,027
POLARIS HOME FUNDING CORP. 3 2.54% $8,198
GUILD MORTGAGE COMPANY 3 2.63% $9,047
Community First National Bank 3 2.84% $10,931
PHH Mortgage Corporation 3 3.46% $3,218
AMERICAN PACIFIC MORTGAGE CORPORATION 3 2.54% $3,362
PARKSIDE LENDING, LLC 3 2.29% $8,412
KELLER MORTGAGE, LLC 3 2.50% $7,176
TD Bank 2 2.75% $2,226
Home Mortgage Alliance Corp 2 3.46% $11,472
LOANPAL, LLC 2 2.56% $4,174
HARBORONE MORTGAGE, LLC 2 2.69% $6,328
Goldwater Bank, N.A. 2 2.50% $6,578
Watermark Capital, Inc. 2 2.25% $10,515
NATIONS DIRECT MORTGAGE, LLC 2 3.31% $6,534
NATIONWIDE MORTGAGE BANKERS, INC. 2 3.00% $11,511
First Mortgage Solutions, LLC 2 2.13% $3,322
Network Funding, L.P. 2 2.56% $6,983
NJ LENDERS CORP. 2 2.56% $3,111
EVERETT FINANCIAL, INC. 2 3.44% $3,624
EMM LOANS LLC 2 2.81% $8,988
PANORAMA MORTGAGE GROUP, LLC 2 3.38% $19,030
DRAPER AND KRAMER MORTGAGE CORP. 2 2.25% $2,847
DAS Acquisition Company, LLC 2 2.75% $13,570
ALLIED MORTGAGE GROUP, INC. 2 3.13% $3,132
CHERRY CREEK MORTGAGE, LLC 2 2.25% $1,091
BAYSHORE MORTGAGE FUNDING, LLC 2 2.31% $4,745
Sunflower Bank 2 2.31% $4,136
LENDUS, LLC 2 2.50% $7,706
The Central Trust Bank 2 2.25% $5,399
The Washington Trust Company, of Westerly 2 2.63% $10,355
TJC Mortgage, Inc. 2 2.25% $3,713
Assurance Financial Group, L.L.C. 2 2.44% $6,608
UNION HOME MORTGAGE CORP. 2 2.50% $6,216
INLAND BANK & TRUST 2 3.13% $2,834
LEADERONE FINANCIAL CORPORATION 2 2.63% $6,577
GREENWAY MORTGAGE FUNDING CORP. 1 2.88% $11,561
Citibank 1 2.88% $14,349
PNC Bank 1 3.13% $1,957
MORTGAGE ACCESS CORP. 1 3.25% $4,141
Presidential Bank, FSB 1 2.38% $4,485
Ixonia Bank 1 2.88% $4,147
Chelsea Groton Bank 1 3.25% $19,022
CELEBRITY HOME LOANS, LLC 1 3.00% $7,415
MORTGAGE 1 INCORPORATED 1 2.75% $18,855
BOKF 1 2.38% $4,826
MID-ISLAND MORTGAGE CORP. 1 3.50% $6,575
Blue Ridge Bank 1 3.50% $16,268
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $8,425
ZILLOW HOME LOANS, LLC 1 2.63% $19,227
SIWELL, INC. 1 2.25% $3,663
Meridian Bank Corporation 1 2.63% $4,650
STEARNS LENDING, LLC 1 3.25% $3,273
Stifel Bank and Trust 1 2.25% $4,058
Strong Home Mortgage, LLC 1 2.50% $41,651
SUCCESS MORTGAGE PARTNERS, INC. 1 3.00% $3,149
Arvest Bank 1 2.25% $3,866
Bank of America 1 2.88% $4,609
Armed Forces Bank 1 2.25% $5,541
MID AMERICA MORTGAGE, INC. 1 2.75% $1,424
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 2.75% $7,842
Austin Capital Bank SSB 1 3.25% $2,595
The Huntington National Bank 1 3.63% $5,392
NFM, INC. 1 3.25% $12,274
The Union Bank Company 1 2.63% $9,847
FBC MORTGAGE, LLC 1 2.25% $3,877
Webster Bank 1 2.50% $7,297
Home Loan Investment Bank, F.S.B. 1 2.75% $10,218
FIRST HOME MORTGAGE CORPORATION 1 2.88% $21,877
TIAA, FSB 1 2.25% $6,949
NBH Bank 1 2.88% $2,520
OCMBC, INC. 1 3.75% $10,119
HomePromise Corporation 1 3.13% $9,716
FM Home Loans, LLC 1 2.25% $13,233
DREW MORTGAGE ASSOCIATES, INC. 1 3.25% $4,866
GENEVA FINANCIAL, LLC 1 3.00% $3,869
JPMorgan Chase Bank 1 3.50% $14,394
Triumph Bank 1 2.25% $234
Truist 1 2.50% $6,742
Mortgage Unlimited, L.L.C. 1 2.50% $4,419
Plains Commerce Bank 1 2.88% $19,325

The top Connecticut VA lender as defined by loan originations is Mortgage Research Center, LLC, with 880 VA loans originated. Their average total fees are $6,709, which is $1,219 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Connecticut VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($2,191), PLANET HOME LENDING, LLC ($2,614), PENTAGON FEDERAL CREDIT UNION ($2,847), LAKEVIEW LOAN SERVICING, LLC ($2,959) and VILLAGE CAPITAL MORTGAGE ($3,081).

The lowest rate Connecticut VA lenders (with over 10 loans originated) are NP, Inc. (2.29%), Low VA Rates, LLC (2.31%), BNC National Bank (2.32%), PENTAGON FEDERAL CREDIT UNION (2.34%) and ACCELERATE MORTGAGE, LLC (2.35%).

VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.