The Best Mortgage Lenders in East Hartford, CT
Compare verified mortgage lenders serving East Hartford, Connecticut. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in East Hartford
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in the Hartford area, including East Hartford. Known for its competitive rates, digital mortgage process, and exceptional customer service, the company has consistently high ratings for transparency and efficiency. With over two decades of experience, they offer a wide range of loan products and have a dedicated team of local loan officers who understand the Connecticut market, making them a reliable choice for homebuyers seeking personalized and swift service.
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Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is highly regarded for its customer-centric approach and deep community roots in Connecticut, serving East Hartford with excellence. With nearly three decades of experience, they boast impressive ratings for personalized service, fast closings, and competitive financing options. Their local loan officers are praised for guiding clients through every step of the mortgage process, from pre-approval to closing, ensuring a smooth and stress-free experience for first-time and repeat homebuyers alike.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender known for its innovative technology and strong commitment to local homebuyers in the East Hartford area. With over 15 years of experience, they offer competitive rates and a streamlined process that emphasizes speed and customer satisfaction. Their high ratings reflect a focus on community engagement and reliable service, with loan specialists who provide tailored solutions for various mortgage needs, making them a trusted option for those seeking efficient and supportive lending services.
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Frequently Asked Questions
Common questions about mortgage lending in East Hartford, CT
What are the current average mortgage rates for homebuyers in East Hartford, CT?
Mortgage rates in East Hartford are generally competitive with statewide averages, typically ranging from the mid-6% to low-7% for 30-year fixed loans as of late 2023. However, rates can vary significantly between local lenders like Liberty Bank or People's United and national providers, so it's wise to compare multiple offers. East Hartford's stable housing market often provides slightly better terms than more volatile Connecticut markets.
Are there any first-time homebuyer programs specifically available in East Hartford?
Yes, East Hartford homebuyers can access Connecticut's Housing Finance Authority (CHFA) programs, which offer competitive interest rates, down payment assistance, and closing cost help for qualifying buyers. Additionally, the Town of East Hartford occasionally partners with local organizations to provide homebuyer education and grants. First-time buyers should also explore the CHFA's "Time To Own" program which provides up to $50,000 in down payment assistance.
How does East Hartford's property tax rate affect my mortgage payments?
East Hartford's current mill rate of 45.13 mills significantly impacts your monthly mortgage payment since lenders include property taxes in escrow calculations. This means a $250,000 home would have approximately $11,282 in annual taxes, adding nearly $940 to your monthly mortgage payment. Compared to surrounding towns, East Hartford's mill rate is moderately high, making property taxes an important factor in your affordability calculation.
What special considerations should I know about getting a mortgage for East Hartford's older housing stock?
Many East Hartford homes built before 1978 may require additional inspections for lead paint and asbestos, which can affect loan approval and require specialized renovation loans. FHA 203(k) loans are particularly useful for these properties, allowing you to finance both purchase and repairs. Lenders in the area are familiar with these considerations but may require more thorough inspections for older colonial and cape-style homes common in East Hartford.
Are there any local down payment assistance programs unique to East Hartford?
While East Hartford doesn't have a town-specific down payment program, residents can access several Hartford County initiatives including the Capital Region Development Council's programs. The "Home of Your Own" program through the Connecticut Department of Housing provides additional support for buyers with disabilities. Many local credit unions like American Eagle Financial Credit Union also offer special first-time buyer programs with reduced down payment requirements for East Hartford properties.
Nearby Cities
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Why Choose a Mortgage Lender in East Hartford?
Local Market Knowledge
Lenders who understand East Hartford's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Connecticut.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in East Hartford and get competitive rates on your home loan.