The Best Mortgage Lenders in Kent, CT
Compare verified mortgage lenders serving Kent, Connecticut. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Kent
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly rated national mortgage lender with a strong local presence in Connecticut, including service to Kent. Known for its competitive rates, digital mortgage process, and exceptional customer service, it has consistently high ratings from borrowers for transparency and efficiency. With over two decades of experience, they offer a wide range of loan products and have a reputation for quick closings and personalized support, making them a top choice for homebuyers in the region.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with deep roots in Connecticut, serving Kent and surrounding areas. They are praised for their personalized approach, competitive rates, and extensive loan options, including specialized programs for first-time homebuyers. With nearly three decades of experience, they have a track record of high customer satisfaction, backed by numerous positive reviews highlighting their responsive service and local expertise.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender known for its community-focused approach and efficient service in Connecticut, including the Kent area. They offer a variety of mortgage products with competitive rates and are highly rated for their customer-centric process, including quick approvals and dedicated support. Founded in 2008, they have built a strong reputation for reliability and positive borrower experiences, making them a trusted option for home financing in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Kent, CT
What are the current mortgage rates like for homes in Kent, CT?
Mortgage rates in Kent typically align with national averages but can be influenced by local market conditions and property types common in Litchfield County. For the unique mix of historic homes, rural properties, and newer constructions in Kent, rates may vary slightly based on property-specific factors. It's best to consult with local lenders who understand Kent's specific market dynamics.
Are there any special mortgage programs for first-time homebuyers in Kent?
Yes, Kent homebuyers can access Connecticut's Time To Own program, which offers down payment assistance up to $50,000 as a second mortgage. Additionally, the CHFA Downpayment Assistance Program provides eligible buyers with low-interest loans for down payments and closing costs. These programs are particularly valuable in Kent's market where median home prices require substantial upfront funds.
How does Kent's rural location affect the mortgage process?
Kent's rural character can impact appraisals and inspections, as comparable properties may be limited and specialized assessments like well and septic system evaluations are often required. Lenders may require additional documentation for properties with unique features common in Kent, such as older colonial homes or properties with significant acreage. These factors can slightly extend the closing timeline compared to urban areas.
What should I know about property taxes when getting a mortgage in Kent?
Kent has a mill rate of 21.50 (2023), which is relatively moderate for Litchfield County but higher than some surrounding towns. Your mortgage lender will factor these property taxes into your monthly payment calculations through an escrow account. It's important to note that Kent's property assessments are typically at 70% of market value, which affects the actual tax calculation.
Are there any local Kent programs that help with mortgage affordability?
While no Kent-specific mortgage programs exist, the town participates in Connecticut's Homeowner's Mortgage Recovery Program, which can provide assistance to residents facing financial hardship. Additionally, Kent's location qualifies some buyers for USDA rural development loans, which offer 100% financing options – particularly beneficial for the town's more affordable outlying areas and smaller properties.
Nearby Cities
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Why Choose a Mortgage Lender in Kent?
Local Market Knowledge
Lenders who understand Kent'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 Kent and get competitive rates on your home loan.