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
-0.44%
for the week of 2023-11-24, compared to the national average (all VA variants) of
0% for the same period.
Connecticut's average VA mortgage closing costs are $6,696.
The average rate for the prior week (2023-11-17) was
6.61% and
one month ago for the week of 2023-10-20, the
average rate was 7.24%.
The average rate one year ago was 6.25%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.66%.
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 |
2022 Avg. 30yFix Rate |
2022 Avg. Closing Costs |
Mortgage Research Center, LLC
|
558
|
5.09%
|
$8,596
|
QUICKEN LOANS, LLC
|
216
|
4.03%
|
$12,180
|
NAVY FEDERAL CREDIT UNION
|
211
|
3.87%
|
$7,928
|
UNITED WHOLESALE MORTGAGE, LLC
|
147
|
4.53%
|
$10,464
|
USAA Federal Savings Bank
|
101
|
4.33%
|
$10,373
|
LOANDEPOT.COM, LLC
|
86
|
3.92%
|
$11,758
|
FREEDOM MORTGAGE CORPORATION
|
83
|
4.34%
|
$12,062
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
68
|
4.99%
|
$8,947
|
PENNYMAC LOAN SERVICES, LLC
|
65
|
3.30%
|
$10,195
|
MOVEMENT MORTGAGE, LLC
|
56
|
4.81%
|
$7,650
|
NEW DAY FINANCIAL, LLC
|
53
|
5.21%
|
$14,695
|
TOTAL MORTGAGE SERVICES, LLC
|
49
|
4.87%
|
$11,683
|
GUARANTEED RATE, INC.
|
49
|
4.61%
|
$8,449
|
HOME POINT FINANCIAL CORPORATION
|
39
|
4.07%
|
$11,339
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
38
|
4.73%
|
$11,417
|
Mr. Cooper ( Nationstar Mortgage )
|
37
|
4.78%
|
$13,096
|
Prosperity Home Mortgage, LLC
|
37
|
4.48%
|
$10,659
|
GUARANTEED RATE AFFINITY, LLC
|
35
|
4.75%
|
$11,519
|
The Federal Savings Bank
|
34
|
4.36%
|
$14,865
|
CALIBER HOME LOANS, INC.
|
33
|
4.72%
|
$11,032
|
NORWICH COMMERCIAL GROUP, INC.
|
33
|
4.98%
|
$8,495
|
Barrington Bank & Trust Company, N.A.
|
28
|
4.57%
|
$10,530
|
FIRST WORLD MORTGAGE CORPORATION
|
28
|
4.77%
|
$10,871
|
CROSSCOUNTRY MORTGAGE, LLC
|
24
|
4.88%
|
$14,086
|
NEWREZ LLC
|
23
|
4.41%
|
$8,837
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
22
|
4.86%
|
$11,532
|
Citizens Bank
|
21
|
4.49%
|
$11,357
|
AMERISAVE MORTGAGE CORPORATION
|
20
|
4.48%
|
$12,391
|
EVERETT FINANCIAL, INC.
|
17
|
5.19%
|
$8,405
|
PLAZA HOME MORTGAGE, INC.
|
16
|
5.15%
|
$8,867
|
Flagstar Bank, FSB
|
16
|
4.42%
|
$12,184
|
LAKEVIEW LOAN SERVICING, LLC
|
12
|
3.33%
|
$5,106
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
11
|
4.84%
|
$11,736
|
Carrington Mortgage Services, LLC
|
11
|
4.17%
|
$8,281
|
Mortgage Network, Inc.
|
10
|
4.61%
|
$8,310
|
PROVINCE MORTGAGE ASSOCIATES, INC.
|
9
|
5.32%
|
$7,734
|
CARDINAL FINANCIAL
|
9
|
4.23%
|
$16,164
|
PENTAGON FEDERAL CREDIT UNION
|
9
|
3.21%
|
$5,080
|
GUILD MORTGAGE COMPANY
|
9
|
4.76%
|
$7,960
|
Paramount Residential Mortgage Group, Inc.
|
8
|
4.73%
|
$7,529
|
BROKER SOLUTIONS, INC.
|
8
|
4.50%
|
$9,017
|
HOMESTEAD FUNDING CORP.
|
7
|
4.23%
|
$7,068
|
CMG MORTGAGE, INC.
|
7
|
4.66%
|
$9,480
|
NBKC BANK
|
7
|
4.52%
|
$11,225
|
Wells Fargo Bank
|
7
|
4.52%
|
$7,870
|
Equity Prime Mortgage LLC
|
7
|
5.82%
|
$9,587
|
Magnolia Bank
|
7
|
4.27%
|
$16,611
|
PLANET HOME LENDING, LLC
|
6
|
3.94%
|
$14,656
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
6
|
4.98%
|
$9,728
|
VILLAGE CAPITAL MORTGAGE
|
6
|
5.06%
|
$18,437
|
Evolve Bank & Trust
|
6
|
4.06%
|
$9,798
|
NORTHPOINT MORTGAGE, INC.
|
6
|
5.17%
|
$10,319
|
Northpointe Bank
|
6
|
5.10%
|
$7,207
|
First Federal Bank
|
5
|
4.13%
|
$18,211
|
SUN WEST MORTGAGE COMPANY, INC.
|
5
|
5.07%
|
$7,476
|
FINANCE OF AMERICA MORTGAGE LLC
|
4
|
5.28%
|
$9,325
|
ENVOY MORTGAGE, LTD
|
4
|
4.50%
|
$10,817
|
M&T Bank
|
4
|
3.41%
|
$9,092
|
EMBRACE HOME LOANS, INC.
|
4
|
5.03%
|
$14,061
|
CONTOUR MORTGAGE CORPORATION
|
4
|
4.59%
|
$24,280
|
Semper Home Loans, Inc.
|
4
|
5.56%
|
$8,838
|
Shamrock Home Loans, Inc.
|
4
|
5.19%
|
$8,359
|
Capital Bank
|
4
|
2.47%
|
$7,925
|
Bank of England
|
4
|
3.38%
|
$9,099
|
First Home Bank
|
4
|
5.03%
|
$29,073
|
AmRes Corporation
|
4
|
4.47%
|
$10,072
|
North American Savings Bank, F.S.B.
|
4
|
4.38%
|
$8,358
|
Wyndham Capital Mortgage, Inc.
|
3
|
2.67%
|
$8,567
|
ALLIED MORTGAGE GROUP, INC.
|
3
|
4.92%
|
$5,915
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
3
|
5.21%
|
$13,610
|
BAY EQUITY LLC
|
3
|
4.62%
|
$18,526
|
HOMESIDE FINANCIAL, LLC
|
3
|
4.46%
|
$13,214
|
JPMorgan Chase Bank
|
3
|
4.17%
|
$16,342
|
Lakeview Community Capital, LLC
|
3
|
3.58%
|
$5,041
|
MORTGAGE EQUITY PARTNERS LLC
|
3
|
4.58%
|
$13,512
|
NATIONWIDE MORTGAGE BANKERS, INC.
|
3
|
4.92%
|
$15,795
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
3
|
3.54%
|
$13,655
|
T2 FINANCIAL LLC
|
3
|
4.92%
|
$13,645
|
Watermark Capital, Inc.
|
3
|
3.38%
|
$16,323
|
INLAND BANK & TRUST
|
2
|
5.50%
|
$17,904
|
OCMBC, INC.
|
2
|
5.00%
|
$4,797
|
Texana Bank
|
2
|
4.25%
|
$11,771
|
The Central Trust Bank
|
2
|
5.13%
|
$6,192
|
BNC National Bank
|
2
|
3.25%
|
$6,118
|
NBH Bank
|
2
|
4.81%
|
$28,415
|
Leader Bank
|
2
|
4.00%
|
$15,249
|
EQUITY RESOURCES, INC.
|
2
|
5.25%
|
$17,929
|
Chelsea Groton Bank
|
2
|
5.69%
|
$8,192
|
Armed Forces Bank
|
2
|
4.06%
|
$16,261
|
NATIONS DIRECT MORTGAGE, LLC
|
2
|
6.06%
|
$10,219
|
U.S. Bank
|
2
|
3.56%
|
$6,674
|
AMERICAN FINANCING CORPORATION
|
2
|
3.87%
|
$6,909
|
Strong Home Mortgage, LLC
|
2
|
3.44%
|
$10,059
|
ACADEMY MORTGAGE CORPORATION
|
2
|
4.81%
|
$7,839
|
EMM LOANS LLC
|
2
|
4.81%
|
$15,816
|
LOANPAL, LLC
|
2
|
3.56%
|
$16,027
|
LEADERONE FINANCIAL CORPORATION
|
2
|
6.19%
|
$1,991
|
DAS Acquisition Company, LLC
|
1
|
5.75%
|
$12,473
|
PNC Bank
|
1
|
3.75%
|
$2,859
|
PREMIA MORTGAGE, LLC
|
1
|
5.13%
|
$8,348
|
AMERICAN FINANCIAL RESOURCES, INC.
|
1
|
7.13%
|
$4,510
|
Community First National Bank
|
1
|
2.88%
|
$8,090
|
Princeton Mortgage Corporation
|
1
|
3.63%
|
$13,077
|
Citibank
|
1
|
2.50%
|
$8,870
|
CHURCHILL MORTGAGE CORPORATION
|
1
|
5.75%
|
$14,405
|
CHERRY CREEK MORTGAGE, LLC
|
1
|
4.50%
|
$17,891
|
Quontic Bank
|
1
|
6.88%
|
$17,350
|
RADIUS FINANCIAL GROUP INC.
|
1
|
3.38%
|
$8,629
|
RESIDENTIAL BANCORP
|
1
|
3.75%
|
$9,012
|
Century Mortgage Company DBA Century Lending Company
|
1
|
4.75%
|
$5,820
|
CALCON MUTUAL MORTGAGE LLC
|
1
|
5.25%
|
$9,249
|
West Town Bank & Trust
|
1
|
4.63%
|
$25,899
|
TBI MORTGAGE COMPANY
|
1
|
3.13%
|
$15,932
|
The Washington Trust Company, of Westerly
|
1
|
4.75%
|
$3,239
|
Bank of America
|
1
|
4.75%
|
$4,988
|
UNION HOME MORTGAGE CORP.
|
1
|
3.88%
|
$13,041
|
UNITED MORTGAGE CORP
|
1
|
6.50%
|
$12,126
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
1
|
6.75%
|
$23,592
|
MORTGAGE ACCESS CORP.
|
1
|
4.75%
|
$5,382
|
Meridian Bank Corporation
|
1
|
4.88%
|
$10,162
|
Liberty Bank
|
1
|
5.00%
|
$10,364
|
KeyBank
|
1
|
2.50%
|
$1,798
|
Nations Lending Corporation
|
1
|
4.75%
|
$9,420
|
Waterstone Mortgage Corporation
|
1
|
5.13%
|
$7,181
|
Hometown Lenders, Inc.
|
1
|
5.25%
|
$13,264
|
HomePromise Corporation
|
1
|
6.25%
|
$16,843
|
NEW FED MORTGAGE, CORP.
|
1
|
2.75%
|
$3,518
|
Home Loan Investment Bank, F.S.B.
|
1
|
5.63%
|
$4,519
|
HARBORONE MORTGAGE, LLC
|
1
|
5.63%
|
$11,291
|
NORTHEAST HOME LOAN, LLC
|
1
|
5.13%
|
$14,511
|
FM Home Loans, LLC
|
1
|
3.25%
|
$7,000
|
First Guaranty Mortgage Corporation
|
1
|
2.75%
|
$6,897
|
First Federal Bank of Kansas City
|
1
|
5.13%
|
$3,704
|
NP, Inc.
|
1
|
3.25%
|
$5,416
|
OCEANSIDE MORTGAGE COMPANY
|
1
|
4.99%
|
$1,799
|
FIRST COMMUNITY MORTGAGE, INC.
|
1
|
6.50%
|
$7,904
|
EVANSVILLE TEACHERS
|
1
|
5.63%
|
$6,431
|
People's United Bank
|
1
|
2.75%
|
$7,201
|
The top Connecticut VA lender as defined by loan originations is Mortgage Research Center, LLC, with
558 VA loans originated. Their average total fees are
$8,596, which is $3,584
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Connecticut VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($5,106), MOVEMENT MORTGAGE, LLC ($7,650), NAVY FEDERAL CREDIT UNION ($7,928), Carrington Mortgage Services, LLC ($8,281) and Mortgage Network, Inc. ($8,310).
The lowest rate Connecticut VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (3.30%), LAKEVIEW LOAN SERVICING, LLC (3.33%), NAVY FEDERAL CREDIT UNION (3.87%), LOANDEPOT.COM, LLC (3.92%) and QUICKEN LOANS, LLC (4.03%).
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.