Trusted Mortgage Lender in Connecticut

Customized home loans tailored for Connecticut buyers, with local service and national strength. 

Born in New England, Built to Serve Connecticut

Taking out a home loan can be daunting, not just because it’s the biggest purchase you’ll ever make, but also because there are so many decisions involved. The first step is finding a mortgage lender in Connecticut you feel comfortable with. After all, you need to feel confident in their guidance and trust that they’re working toward your long-term best interests. At NewFed Mortgage Corp., we’re proud of the great relationships we’ve made with our clients. As a trusted mortgage lender in Connecticut, we care about our customers and want nothing more than to provide a seamless, worry-free experience that will lead them to years of happiness in a home they love. We work for each customer’s satisfaction, taking every step to determine which mortgage terms suit their situation best. When you work with NewFed, you are our main priority, and a smooth and successful home buying or refinancing process is our goal.

NewFed Mortgage Corp. offers mortgages for wherever you are in life: we’re the right choice whether you’re buying a starter home or a retirement castle. As a trusted mortgage lender in Connecticut, we understand the diverse opportunities this small but varied state offers. There are cities, of course: the state capital of Hartford – the Insurance Capital of the World – as well as New Haven, New London, Bridgeport, and Stamford. 

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Danvers Branch

Reading Branch

North Andover Branch

Winthrop Branch

Milton Branch

Connecticut Mortgage & Housing Market Insights

Median Household Income

According to the U.S. Census Bureau, the median household income in Connecticut is $99,858. Don't let that deter you from exploring financing. We have several programs that can help you save.

Median Home Price

Zillow reports that the average home value in Connecticut is $628,654, reflecting a 5.1% increase over the past year.

Affordability Index

Research indicates that the median household income as a percentage of home value is 15%. While this suggests that housing affordability is a significant challenge here, we can help!

Financed Property Types

The most commonly financed property types in Connecticut continues to be single-family and multi-family homes.

Connecticut at a Glance

Population

3,605,944

Average Household Income

$120,670

Home of Yale University

Rich cultural Heritage

Mortgage Options for Connecticut Homebuyers

Conventional Loans

Best for people with steady income and good credit who want low-interest rates.

VA Loans

A top choice for veterans, active military, and their families to buy a home with no down payment.

USDA Loans

Best for people buying a home in the country, with no down payment and low costs.

Renovation Loans

Helps buyers fix up a home while buying it, all in one loan.

Reverse Mortgages

A good choice for older homeowners who want to get money from their home without selling it.

Non-Conventional Loans

A good option for people who don’t qualify for regular home loans but need a special loan.

Jumbo Loans

Great for buying high-priced homes that need a bigger loan than usual.

HELOC Loans

Lets homeowners use the value of their home to get money for projects or bills.

FHA Loans

A smart pick for first-time homebuyers or people with lower credit who need a small down payment.

Ask Us About MassHousing

Partnered with MassHousing, we can offer eligible homebuyers additional savings on their home purchase. Speak to one of our Connecticut loan officers to learn more and discuss your eligibility.

Mortgage Pricing & Affordability Calculators

Crunch some numbers to see what options you may have. These calculators are a great way to start exploring your possibilities. To get a true loan estimate, reach out to one of our mortgage loan officers! We will get you pre-approved and shopping with confidence. 

Five Things to Know When Starting the Homebuying Process

Just getting started on your homebuying journey? Our free guide, 5 Things to Know When Starting the Homebuying Process, is packed with expert tips to help you feel confident and prepared from day one. Learn how to get pre-approved, understand hidden costs, act fast in competitive markets, and more. Download your copy today and take the first step toward smart, stress-free homeownership with NewFed Mortgage by your side.

Why More Connecticut Buyers Choose NewFed Mortgage

  • Fast closings (39% faster than industry average)
  • Local loan officers across the state
  • Modern (and mobile-friendly) tech + personal support
  • 20+ years of local mortgage lending
  • Family-owned, Chelsea-based roots
  • Named A Top Place to Work by The Boston Globe (2024)

What Our Clients Say About Us