New London, CT Mortgage Rates and Refinance Rates

Mortgages in New London, CT: Find the best New London, CT mortgage rates today from banks and credit unions. When results are displayed for mortgage rates in New London, CT, you can easily sort your search results by lender, rate, APR and points so you can easily compare results. Whether you’re looking for conforming, jumbo, adjustable or interest-only mortgage rates in New London, CT. Another option is searching for New London, CT refinance rates if you're looking to refinance a loan. Best of all you don't have to provide any personal information to see a list of New London, CT mortgage rates or refinance rates.

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New London, Connecticut Conforming Mortgage Rates and Refinance Rates

Conforming home mortgage rates in New London, CT are the most popular type of mortgages rates you can find advertised for home buyers in New London, CT. Conforming mortgages, also known as conventional mortgages, are mortgages that meet certain criteria set out by Federal Housing Finance Agency (FHFA). There is a loan limit set for each county in the United States. Higher mortgage loan limits are set for high housing cost areas. New London, CT mortgages that 'conform' to the standards set out by the Federal Housing Finance Agency can be purchased by government sponsored entities (GSE) like Freddie Mac and Fannie Mae. This process guarantees New London, CT banks, mortgage companies and credit unions are able to resell home mortgage loans that they make. This process also makes New London, CT conforming mortgage rates and refi rates lower than New London, CT jumbo mortgage rates and jumbo refinance rates because the GSE's can’t purchase jumbo mortgages that are made by New London, CT home finance companies, credit unions and banks.

Jumbo Mortgage Rates and Refinance Rates in New London, Connecticut

Jumbo mortgage rates in New London, CT are advertised for home loans that have a dollar amount that is higher than conventional loan amounts. Jumbo mortgage rates and jumbo refinance rates are always higher than conventional mortgage rates for both fixed mortgage rates in New London, CT and adjustable mortgage rates in New London, CT. Interest rates are higher because third party investors buy the home loans credit unions, banks and mortgage companies in New London, CT make.

New London, Connecticut Fixed Mortgage Rates and Fixed Refinance Rates

New London, CT fixed rate mortgages are the most common mortgage available to borrowers. With a fixed mortgage the interest rate stays the same for the entire loan period. Fixed mortgages are available in 40 years, 30 years, 20 years, 15 years and 10 years. The longer the mortgage term the lower the monthly mortgage payment will be.

New London, Connecticut Adjustable Mortgage Rates

Adjustable New London, CT mortgage rates are fixed for a period of time and then the mortgage rate adjusts every year after. The most common adjustable mortgages terms available in New London, CT are 1 year, 3 year, 5year and 7 year. Adjustable rate mortgages are advertised as 1 year, 3/1, 5/1 and 7/1. Adjustable mortgages are available for conforming dollar amounts and jumbo dollar amounts in New London, CT. Most adjustable mortgages in New London, CT have yearly caps and life time maximum caps on how high the interest rate can fluctuate.



Google Map for New London, CT Rates & Resources


New London FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

Bank of America, National Association

3510 250 Captain's Walk, New London, CT 06320

Bank of America, National Association

3510 260 U. S. Route 1, New London, CT 06320

Chelsea Groton Bank

18238 One Montauk Avenue, New London, CT 06320

Dime Bank

18200 351 North Frontage Road, New London, CT 06320

Dime Bank

18200 668 Bank Street, New London, CT 06320

Liberty Bank

17943 61 Bank Street, New London, CT 06320

RBS Citizens, National Association

57957 450 Ocean Avenue, New London, CT 06320

RBS Citizens, National Association

57957 63 Eugene Oneill Drive, New London, CT 06320

RBS Citizens, National Association

57957 Route 1, I95, New London, CT 06320