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Terryville, CT

The Best Mortgage Lenders in Terryville, CT

Compare verified mortgage lenders serving Terryville, Connecticut. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.8
Avg Rating
655+
Reviews
11
Loan Types

Available Loan Programs in Terryville

Conventional
FHA
VA
USDA
Jumbo
Refinance
First-time Homebuyer
Fixed-rate
Adjustable-rate
Construction
Renovation

Featured Mortgage Lenders

1

Michael D. O'Brien

CrossCountry Mortgage, LLC - Bristol

★★★★☆
4.9/5

CrossCountry Mortgage's Bristol office, led by Senior Loan Officer Michael O'Brien, is one of the highest-rated mortgage lenders serving the Terryville area. With over 15 years of experience and nearly 200 excellent reviews, this branch offers personalized service with access to competitive rates through a national lender. They specialize in first-time homebuyer programs and have extensive experience with Connecticut-specific mortgage products. Their local presence in nearby Bristol makes them easily accessible to Terryville residents while maintaining the resources of a national mortgage company.

Experience:15 years
Reviews:185 customer reviews
225 N Main St, Bristol, CT 06010

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceFirst-time Homebuyer
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2

Liberty Bank Mortgage Center

Liberty Bank

★★★★☆
4.8/5

Liberty Bank has a strong physical presence in Terryville with their local branch and mortgage center, making them one of the most accessible options for residents. As Connecticut's oldest mutual bank, they bring over 195 years of community banking experience with a focus on personalized service. Their mortgage team offers competitive rates with the stability of a local institution that understands the Terryville market specifically. They excel at construction loans and first-time buyer programs, with many reviewers praising their straightforward process and local decision-making authority.

Experience:25 years
Reviews:320 customer reviews
115 Main St, Terryville, CT 06786

Loan Types:

ConventionalFHAVAFixed-rateAdjustable-rateConstructionRefinance
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3

John R. D'Agostino

Embrace Home Loans

★★★★☆
4.7/5

Embrace Home Loans has been serving Connecticut homebuyers since 1983, with local loan officer John D'Agostino bringing two decades of mortgage experience to Terryville area residents. This highly-rated lender combines the efficiency of a direct lender with personalized local service. They're particularly strong in renovation loans and government-backed programs, with many customers noting their exceptional communication throughout the loan process. Their Bristol location provides convenient access for Terryville homeowners while maintaining deep knowledge of Litchfield County's real estate market dynamics.

Experience:20 years
Reviews:150 customer reviews
41 N Main St, Bristol, CT 06010

Loan Types:

ConventionalFHAVAUSDAJumboRenovationRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Terryville, CT

What are the current average mortgage rates for homebuyers in Terryville, CT?

Mortgage rates in Terryville typically align with national averages but can vary slightly based on local lender competition and property types. As of recent trends, you can expect rates around 6.5%-7% for 30-year fixed loans, but it's best to check with local lenders like Thomaston Savings Bank or Liberty Bank for personalized quotes. Rates may be slightly lower for well-qualified borrowers or those with larger down payments.

Are there any first-time homebuyer programs specifically available in Terryville?

Yes, Terryville homebuyers can access Connecticut's Time To Own program, which offers down payment assistance up to $50,000 as a forgivable second mortgage. Additionally, the CHFA Down Payment Assistance Program provides low-interest loans to help cover upfront costs. These programs are particularly valuable in Terryville's market where median home prices are around $300,000.

How does Terryville's property tax structure affect mortgage payments?

Terryville's mill rate is approximately 32.46 mills, which translates to about $32.46 per $1,000 of assessed value. For a $300,000 home, this means roughly $9,738 annually in property taxes, which will be included in your monthly mortgage escrow payment. This is relatively moderate compared to some other Litchfield County towns, but still represents a significant portion of your total housing payment.

What unique local factors should I consider when getting a mortgage in Terryville?

Terryville's older housing stock (many homes built pre-1950) may require specialized inspections and potentially affect loan eligibility. Additionally, the town's rural character means some properties may have septic systems and wells, which lenders may require additional testing for. Working with a local lender familiar with these Terryville-specific considerations can help streamline the process.

Are there any local grant programs for home repairs or improvements in Terryville?

Yes, Plymouth (which includes Terryville) participates in the USDA Rural Development program, which offers repair loans and grants for low-income homeowners. The town also has access to Connecticut's Housing Rehabilitation Loan Program, which provides low-interest loans for necessary repairs and improvements. These can be particularly useful for Terryville's many historic and older homes that may need updates.

Mortgage Insights

Finding Your Perfect Mortgage Match in Terryville, CT

Searching for a "mortgage broker near me" in Terryville is more than just a convenience—it's a strategic move for navigating our unique local market. Terryville, with its blend of historic charm, quiet neighborhoods, and proximity to larger employment centers like Bristol and Waterbury, presents specific opportunities and challenges for homebuyers. A local mortgage broker doesn't just find you a loan; they become your guide to unlocking the door to a home here.

Why a local Terryville broker makes all the difference. The Connecticut housing market, especially in towns like ours, can be competitive. A broker who works daily with lenders familiar with the area understands the appraisal values of a Cape Cod on Main Street versus a newer build in the Highland Acres area. They have insights into which lenders are comfortable with the septic systems common in more rural parts of Plymouth (the town Terryville is a part of) and which might have quicker underwriting times—a crucial edge when making an offer. Their local network can be invaluable, often connecting you with trusted real estate agents, inspectors, and attorneys who know the lay of the land.

Your action plan for connecting with the right broker. Start by asking for referrals from your real estate agent or friends and family who have recently purchased locally. Look for brokers with strong credentials (like NMLS licensing) and positive reviews that specifically mention their Connecticut expertise. When you interview a few candidates, ask them these Terryville-focused questions: "What are the most common mortgage programs your Terryville clients use?" and "Can you share an example of how you helped a buyer compete in a multiple-offer situation here?"

Don't overlook Connecticut-specific homebuyer programs. This is where a knowledgeable local broker truly shines. They can help you determine if you qualify for state-sponsored initiatives like the CHFA (Connecticut Housing Finance Authority) Down Payment Assistance Program, which can be a game-changer for first-time buyers. They can also advise on potential local grants or programs that might be available through the Town of Plymouth. A broker simply working out of a national call center is far less likely to have this specialized, hyper-local knowledge.

Your next step is clear. Move beyond a generic online search. Take the time to find a mortgage broker embedded in the Terryville community. This partnership will provide you with tailored advice, access to local lending programs, and the nuanced understanding needed to secure financing that aligns with both your financial picture and the realities of buying a home in our corner of Connecticut. Your dream of owning a home here deserves that local expertise.

Nearby Cities

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Why Choose a Mortgage Lender in Terryville?

Local Market Knowledge

Lenders who understand Terryville'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 Terryville and get competitive rates on your home loan.