Top Mortgage Lenders in Connecticut

Let’s talk about the top mortgage lenders in Connecticut, ranked by their total loan amounts.

Around 700 companies are set to launch home loans in the Constitution State during 2021, with a total funding volume of over $58 billion.

But one company beat out the competition, though not by a huge margin.

Yes, it was, you may have already guessed it, Rocket Mortgage, the country’s top lender.

Read which other banks and mortgage lenders made the leaderboard in Connecticut.

Top Mortgage Lenders in Connecticut (Overall)

grade name of the company 2021 loan amount
1. rocket hostage $3.2 billion
2. Follow $2.9 billion
3. Wells Fargo $2.3 billion
4. citizen bank $2.1 billion
5. Bank of America $1.8 billion
6. loandepot $1.7 billion
7. us bank $1.7 billion
8. total mortgage $1.4 billion
9. webster bank $1.3 billion
10. uwm $1.2 billion

As mentioned, went to #1 spot rocket hostagewhich generated $3.2 billion in funding in Connecticut in 2021, according to HMDA data richie may,

This wasn’t a huge surprise, as they are also the top mortgage lender in the country overall.

At number two was NYC-based Chase Bank, which came in with $2.9 billion in funds. This was followed by $2.3 billion funding from San Francisco-based Wells Fargo.

Two more banks join top five citizen bank and Bank of America.

Citizens Bank is primarily a local institution as they are headquartered in nearby Providence, Rhode Island.

Top 10 includes bottom half loandepotUS Bank, Total Mortgage (CT), Webster Bank and United Wholesale Mortgage.

Webster Bank is also Connecticut-based, with its headquarters in Waterbury, CT.

Top Mortgage Lenders in Connecticut (For Home Buyers)

grade name of the company 2021 loan amount
1. Follow $1.3 billion
2. citizen bank $1.1 billion
3. total mortgage $918 million
4. Wells Fargo $898 million
5. us bank $830 million
6. rocket hostage $680 million
7. guaranteed rate $643 million
8. Bank of America $613 million
9. uwm $590 million
10. City Bank $576 million

When it came to financing home purchases, Chase ranked first with $1.3 billion in funding, followed by Citizens Bank with $1.1 billion and Total Mortgage at $918 million.

The fourth spot went to Wells Fargo with $898 million, while US Bank secured the fifth spot with $830 million funded.

The rest of the heavy hitters included Rocket Mortgage, guaranteed rateBank of America, UWM, and Citibank.

Total Mortgage is headquartered in Milford, CT, making them a Connecticut-based mortgage company.

But many of the other companies listed are also quite local. This is common as home buyers look at local options while financing the purchase of a home.

Top Refinance Lenders in Connecticut (For Existing Homeowners)

grade name of the company 2021 loan amount
1. rocket hostage $2.5 billion
2. Follow $1.4 billion
3. Wells Fargo $1.3 billion
4. loandepot $1.2 billion
5. Bank of America $1.1 billion
6. citizen bank $897 million
7. us bank $806 million
8. webster bank $788 million
9. liberty mortgage $773 million
10. People’s United Bank $744 million

If we exclude home purchase loans, and include only rate and term refinance (And cash out refinance), Rocket Mortgage slipped to first place with $2.5 billion in funding.

It was far ahead of the rest, managing only $1.4 billion in refs in Connecticut with Chase in second place.

In third place was Wells Fargo with about $1.3 billion, followed by LonDepo with $1.2 billion and Bank of America with $1.1 billion.

Others in the top-10 list include Citizens Bank, US Bank, Webster Bank, liberty mortgageand the People’s United Bank in Bridgeport.

So when it came to Refined, there were three CT-based mortgage companies in the mix.

Top Rated Mortgage Lenders in Connecticut (by customer reviews)

Now let’s try to determine who are the best Connecticut mortgage lenders by focusing on customer reviews.

On Zillow, Total Mortgage has the most reviews (nearly 3,500 at last count) and a solid 4.90/5 rating.

But West Hartford, CT-based First World Mortgage Corp. and Avon, CT-based Norcom Mortgage have better 4.97/5 ratings, with 900 and 1,000 reviews, respectively.

There are also Newtown Savings Bank (4.94/5), Northeast Financial (4.98/5), and Luxury Mortgage (4.91/5). Each of these companies has a few hundred reviews on Zillow.

Then there are the big names, like Rocket Mortgage (4.48/5), Citizens Bank (4.96/5), Wells Fargo (4.95/5), Chase (4.95/5), and Bank of America (4.82/5).

So clearly there is no shortage of quality mortgage companies in and around Connecticut.

Take the time to collect several quotes from local banks and credit unions. mortgage broker, and big household names too. Generally, the more quotes you get, the better the savings.

(Photo: Doug Kerr,

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