The Best Mortgage Lenders in Rogers, CT
Compare verified mortgage lenders serving Rogers, Connecticut. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Rogers
Featured Mortgage Lenders
Michael J. O'Rourke
Putnam Bank
Putnam Bank has been serving northeastern Connecticut communities for over 170 years, making them one of the most established and trusted local lenders in the Rogers area. As a community-focused institution with deep roots in Windham County, they offer personalized mortgage services with competitive rates and local underwriting decisions. Their experienced loan officers provide comprehensive guidance through the entire mortgage process, particularly strong in first-time homebuyer programs and construction loans for the rural properties common in the Rogers region.
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John A. Moffatt
Liberty Bank
Liberty Bank brings nearly 200 years of banking experience to the Rogers community with their strong regional presence throughout eastern Connecticut. They are particularly noted for their exceptional customer service and comprehensive first-time homebuyer programs with down payment assistance. As Connecticut's oldest mutual bank, they maintain a community-focused approach with local decision-making and competitive rates. Their mortgage specialists have extensive knowledge of the unique rural property market in northeastern Connecticut.
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Sarah J. Williamson
Movement Mortgage
Movement Mortgage has built an outstanding reputation throughout Connecticut for their efficient digital mortgage process combined with personalized local service. They specialize in quick closings and have particular expertise with rural properties common in the Rogers area, including USDA loans. With consistently high customer satisfaction ratings, they offer competitive rates and a streamlined application process. Their local loan officers understand the specific needs of northeastern Connecticut homebuyers while leveraging national lending capabilities.
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Frequently Asked Questions
Common questions about mortgage lending in Rogers, CT
What are the current average mortgage rates for homebuyers in Rogers, CT?
Mortgage rates in Rogers typically align with national averages but can be influenced by local market conditions. As of late 2024, you can expect conventional 30-year fixed rates around 6.5-7% in the Rogers area. It's important to compare rates from local Connecticut lenders who understand the specific dynamics of New London County's housing market.
Are there any first-time homebuyer programs specifically available in Rogers, CT?
Yes, Rogers homebuyers can access Connecticut's CHFA (Connecticut Housing Finance Authority) programs, which offer competitive interest rates, down payment assistance, and educational resources. These programs are particularly valuable in Rogers where the median home price is slightly below state averages, making homeownership more accessible with the right financial support.
How does Rogers' proximity to major employers like Electric Boat and Pfizer affect mortgage lending?
Rogers' location near major employers like Electric Boat in Groton creates unique mortgage considerations. Lenders often view stable employment with these companies favorably, potentially offering more flexible underwriting. Many local lenders are familiar with the income patterns and job stability of defense industry and pharmaceutical employees in the area.
What special considerations should I know about when getting a mortgage for a waterfront property in Rogers?
Waterfront mortgages in Rogers often require additional considerations like higher insurance premiums for flood coverage and more thorough property inspections. Lenders typically require properties to meet specific elevation and construction standards, and you should budget for additional closing costs related to environmental assessments that are common in this coastal community.
How do property taxes in Rogers, CT impact mortgage affordability and lending requirements?
Rogers has property tax rates that are competitive within New London County, currently around 25-28 mills. Lenders factor these taxes into your debt-to-income ratio calculations, and you'll typically need to escrow for property taxes as part of your monthly mortgage payment. The stable tax environment in Rogers makes long-term mortgage planning more predictable for homeowners.
Why Choose a Mortgage Lender in Rogers?
Local Market Knowledge
Lenders who understand Rogers'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 Rogers and get competitive rates on your home loan.