Data-driven picks for Connecticut buyers
Buying a home in Connecticut? It’s expensive. It’s competitive. And if we’re being honest, the mortgage process can feel like a black box.
To help buyers make smarter choices, we crunched the numbers. We analyzed closed-loan data from hundreds of thousands of loans across 56 different lenders operating in CT. Check out the full TrueRate analysis.
We also categorized lenders to help you find the right fit—whether you’re a first-time buyer, looking for a digital-first experience, or need something more specialized.
Tomo Mortgage
Why it stands out
Ok, we’re a little biased, but the numbers speak for themselves—low rates, no lender fees, better reviews. Tomo Mortgage was founded in 2025 by former Zillow execs who wanted to fix what was broken in the mortgage industry. They did away with bait-and-switch prices, inflated rates, and confusing fees. It was ranked Best Online Lender 2025 by Bankrate, based on its strong customer reviews and backing from major financial services firms. Tomo historically has some of the lowest rates among lenders operating in Connecticut.
Lower rates drive more transparency: you can get personalized rates online without applying or speaking to sales. The rate tool includes a slider that shows how your monthly payment changes with and without points—clarity and control from the start.
Read full review: Tomo Mortgage
What borrowers say
“I almost went with a different lender at first but ended up going to tomo and I’m glad I did… 10/10”
“Loan advisory team was remarkably responsive… stayed engaged until the very end.”
“Because of Tomo’s low APRs… it gets a perfect 5 out of 5 stars for affordability.”
Thomaston Savings Bank
Why it stands out
Thomaston Savings Bank might not be a household name, but it consistently beats the national average on mortgage rates—offering loans about 0.22% cheaper than typical lenders. Based in Connecticut and over a century old, it offers personalized service and a range of mortgage products, from fixed-rate loans to construction and bridge financing.
Our TrueRate analysis shows their 30-year fixed conventional rates frequently beat market averages.
Read full review: Thomaston Savings Bank
What borrowers say
Reviews of Thomaston Savings Bank’s mortgage services are mixed. Borrowers like the variety of loan options—including construction and bridge loans—and say the bank offers flexibility and personalized service. But servicing issues come up often, with complaints about escrow mistakes, delayed payments, and poor communication around billing changes that created unexpected financial stress.
Municipal Credit Union
Why it stands out
Municipal Credit Union (MCU) is a state-chartered, nonprofit credit union headquartered in New York. Founded in 1916, MCU is the largest credit union in the New York metropolitan area, serving over 600,000 members with more than $4.2 billion in assets and 16 branch locations. MCU has competitive mortgage rates, and programs like the Homebuyer Dream Program (MCU’s partnership with the Federal Home Loan Bank of New York) offering up to $20,000 in grant assistance.
Read full review: Municipal Credit Union
What borrowers say
Reviews do consistently flag issues with customer service for the credit union as a whole. Customer reviews specifically about municipal credit union’s mortgage services are quite limited.
Other Big Mortgage Lenders in Connecticut
Rocket Mortgage and U.S. Bank originated billions in Connecticut loans last year, but they didn’t appear in our closed-loan dataset. We reviewed HMDA volume and spot-checked public rate sources for context. These aren’t directly comparable to our ranked lenders, but they’re useful reference points when shopping broadly.
Rocket Mortgage
Originated $838M+ in Connecticut home loans in 2024 across 3,000+ loans (avg. loan size ~$305k). Mix: ~47% refi, ~52% purchase.
U.S. Bank
Originated $825M+ across 900+ Connecticut loans in 2024 (avg. ~$912k). Mix: ~73% purchase, ~27% refi.
Quick Comparison Summary
| Lender | Pick | HQ | Interest Rates (historical) | Lender Fees | Notable Programs / Notes | Website | Full Review |
|---|---|---|---|---|---|---|---|
| Tomo Mortgage | Best Overall (Low Rates) | New York, NY | ~0.30% below median (historical) | $0 | Named Best Online Lender by Bankrate; online personalized rates; no lending fees; no refi currently | tomo.com | Read full review |
| Thomaston Savings Bank | Best For In Person Service | Thomaston, CT | ~0.22% below median (historical) | ~$800 | Competitive rates, in-person options. | thomastonsavingsbank.com | Read full review |
| Municipal Credit Union | Best for Low-Cost Loans | New York, NY | ~0.53% below median (historical) | ~$900 | Competitive rates, limited reviews. | nymcu.org | Read full review |