The Best Mortgage Lenders in Riverside, CT
Compare verified mortgage lenders serving Riverside, Connecticut. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Riverside
Featured Mortgage Lenders
Michael Lublinsky
Guaranteed Rate
Guaranteed Rate is a top-rated national mortgage lender with a strong presence in Fairfield County, serving the Riverside community with exceptional digital mortgage technology and personalized service. Michael Lublinsky's Greenwich-based team specializes in high-value properties and offers competitive jumbo loan programs ideal for Riverside's luxury market. The company is renowned for its fast closings, transparent process, and extensive loan product portfolio, earning numerous industry awards including "Top Lender" recognition.
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John Walsh
William Raveis Mortgage
As part of the renowned William Raveis Real Estate network, this mortgage division has deep roots in Fairfield County and extensive experience serving Riverside's affluent housing market. John Walsh leads a team that specializes in complex jumbo loans and investment property financing, leveraging local market expertise and strong banking relationships. Their seamless integration with the real estate brokerage provides clients with a coordinated home buying experience and competitive rates for high-net-worth borrowers.
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Mortgage Department
Sikorsky Credit Union
Serving the broader Fairfield County area including Riverside, Sikorsky Credit Union offers exceptional member-focused mortgage services with competitive rates and low fees. As a not-for-profit financial cooperative, they provide personalized guidance through the entire mortgage process with local underwriting and decision-making. Their strong community presence and commitment to member satisfaction make them a trusted choice for Riverside homebuyers seeking conventional and government-backed loan options with outstanding customer service.
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Frequently Asked Questions
Common questions about mortgage lending in Riverside, CT
What are current mortgage rates like in Riverside, CT compared to the national average?
Mortgage rates in Riverside, CT are typically very competitive with national averages, but can sometimes be slightly lower for well-qualified borrowers due to the town's high average home values and affluent borrower profile. It's always wise to compare offers from both local Connecticut lenders and large national banks, as local lenders often have a better understanding of the unique Greenwich/Riverside market and can offer more personalized service for these high-value transactions.
Are there any special mortgage considerations for buying a historic home in Riverside?
Yes, purchasing a historic home in Riverside, particularly one in a designated area or with local historic protections, can involve additional steps. Lenders may require specialized appraisals and inspections to assess the value and condition of unique historical features. You should also inquire if there are any local preservation easements that could affect the property's value or your renovation plans, as this can influence the loan-to-value ratio a lender is willing to offer.
What loan programs are best for first-time homebuyers in Riverside given the high home prices?
Given Riverside's premium real estate market, first-time homebuyer programs like the Connecticut Housing Finance Authority (CHFA) loans are crucial, as they offer competitive interest rates and down payment assistance. However, income and purchase price limits apply, which can be challenging in this area. Many first-time buyers in Riverside also explore conventional loans with private mortgage insurance (PMI) to manage a lower down payment on a high-priced home.
How does Riverside's proximity to the water and flood zones impact the mortgage process?
Properties near the Riverside shore or along creeks often require a separate flood insurance policy, which is a mandatory condition for obtaining a mortgage. Your lender will order a flood zone determination, and if the home is in a Special Flood Hazard Area (SFHA), you must secure a policy before closing. This is an important additional cost to factor into your monthly housing budget when considering a home in these desirable Riverside locations.
Are jumbo loans common in Riverside, and what are the typical requirements?
Jumbo loans are extremely common in Riverside due to home prices consistently exceeding the conforming loan limits set by Fannie Mae and Freddie Mac. Lenders in this market are very experienced with these loans but often require stronger financial profiles, including excellent credit scores (typically 740+), lower debt-to-income ratios, and significant cash reserves—sometimes 6-12 months of mortgage payments—after closing.
Nearby Cities
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Why Choose a Mortgage Lender in Riverside?
Local Market Knowledge
Lenders who understand Riverside'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 Riverside and get competitive rates on your home loan.