Connecticut mortgages and home buyers, 2025
Incomes, down payments, rates, loan costs, denials and lenders across Connecticut's 9 counties, from official HMDA records.
HMDA 2025 data released June 23, 2026
In 2025, lenders reported 28,143 home-purchase mortgages for owner-occupied, single-family homes in Connecticut. The median buyer borrowed $355,000 on a home valued at $425,000 and reported a household income of $125,000.
Buyers financed a median 85% of the home's value (roughly 15% down), paid a median 6.625% on 30-year fixed conventional loans and faced median conventional loan costs of $5,920.
Lenders denied 7.5% of completed home-purchase applications.
Key facts
- Median conventional loan costs ($5,920) were 6% higher than the U.S. median ($5,570).
- FHA loans made up 13.3% of purchase mortgages, versus 21.1% nationally.
- 46.1% of buyers put at least 20% down (financed 80% or less), compared with 38.5% nationally.
- The most common age bracket among borrowers was 25–34 (35.2% of purchase loans).
- 55.9% of purchase mortgages had a single borrower with no co-applicant.
- The most-cited reason for denial was debt-to-income ratio (32.6% of denials with a stated reason).
Conforming limits in Connecticut range from $832,750 to $977,500 for a one-unit home in 2026. See every Connecticut county's 2026 FHA and conforming loan limits.
Connecticut counties compared
Click a column to sort. Medians shown with at least 30 loans.
| County | Purchase loans | Median loan | Buyer income | Down payment | 30-yr rate | Loan costs | Denial rate | FHA limit |
|---|---|---|---|---|---|---|---|---|
| Capitol Planning Region | 7,682 | $325,000 | $115,000 | 11.0% | 6.625% | $5,380 | 6.8% | $541,287 |
| Greater Bridgeport Planning Region | 2,021 | $455,000 | $145,000 | 17.2% | 6.625% | $6,910 | 9.5% | $977,500 |
| Lower Connecticut River Valley Planning Region | 1,547 | $345,000 | $126,000 | 19.7% | 6.625% | $5,400 | 6.6% | $541,287 |
| Naugatuck Valley Planning Region | 3,829 | $315,000 | $105,000 | 10.0% | 6.625% | $5,790 | 8.3% | $541,287 |
| Northeastern Connecticut Planning Region | 1,032 | $335,000 | $108,000 | 6.7% | 6.625% | $5,350 | 6.3% | $541,287 |
| Northwest Hills Planning Region | 973 | $305,000 | $109,000 | 15.0% | 6.625% | $5,470 | 5.8% | $541,287 |
| South Central Connecticut Planning Region | 3,960 | $345,000 | $119,000 | 11.2% | 6.625% | $5,840 | 8.5% | $541,287 |
| Southeastern Connecticut Planning Region | 2,401 | $325,000 | $110,000 | 9.3% | 6.625% | $5,110 | 6.8% | $541,287 |
| Western Connecticut Planning Region | 4,687 | $575,000 | $206,000 | 20.0% | 6.625% | $7,720 | 7.5% | $977,500 |
Who bought homes in Connecticut
Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.
Values are medians; "middle half" is the 25th to 75th percentile.
Loan type
What the homes were for
All first-lien, closed-end purchase mortgages, including second homes and investors.
Borrower age
Debt-to-income ratio
Monthly debts (including the new payment) as a share of income, as used in underwriting.
What borrowing cost in Connecticut
Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.
| Measure | Connecticut | U.S. |
|---|---|---|
| 30-year fixed rate · conventional | 6.625% | 6.625% |
| 30-year fixed rate · FHA | 6.375% | 6.250% |
| 30-year fixed rate · VA | 6.250% | 6.125% |
| 15-year fixed rate · conventional | 5.875% | 5.875% |
| Rate spread vs. APOR · conventional | +0.14 pts | +0.13 pts |
| Total loan costs · conventional | $5,920 | $5,570 |
| Total loan costs · FHA | $12,570 | $11,310 |
| Total loan costs · VA | $8,210 | $6,490 |
| Origination charges (all loan types) | $1,690 | $1,860 |
| Borrowers paying discount points | 39.0% | 51.3% |
| Points paid, when paid (% of loan) | 0.63% | 0.87% |
| Borrowers receiving lender credits | 29.5% | 33.1% |
| Adjustable-rate mortgages | 8.8% | 7.4% |
| Jumbo loans (above conforming limit) | 6.4% | 3.8% |
Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.
Approvals and denials
Connecticut: 2,333 of 31,118 completed home-purchase applications were denied (7.5%).
Denial rate
| Application | Connecticut | U.S. |
|---|---|---|
| Home purchase | 7.5% | 8.5% |
| Conventional | 6.4% | 7.1% |
| FHA | 13.5% | 12.5% |
| VA | 8.2% | 8.0% |
| USDA | 15.2% | 12.5% |
| Refinance | 18.4% | 17.9% |
| Cash-out refinance | 33.1% | 33.6% |
Main reason for purchase denials
First reason the lender reported.
Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.
Refinancing in Connecticut
Top mortgage lenders in Connecticut
| # | Lender | Loans | Share | Denial rate | 30-yr rate* | Spread* | Costs* |
|---|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage, LLC | 2,862 | 7.3% | 12.5% | 6.625% | +0.24 | $6,400 |
| 2 | United Wholesale Mortgage (UWM) | 2,736 | 7.0% | 8.9% | 6.625% | +0.29 | $7,900 |
| 3 | Total Mortgage Services, LLC | 2,339 | 6.0% | 4.5% | 6.750% | +0.29 | $5,840 |
| 4 | First World Mortgage Corporation | 1,308 | 3.3% | 3.6% | 6.625% | +0.22 | $5,560 |
| 5 | CMG Mortgage, Inc. | 1,069 | 2.7% | 6.7% | 6.625% | +0.15 | $6,750 |
| 6 | CrossCountry Mortgage, Inc. | 1,030 | 2.6% | 3.4% | 6.825% | +0.32 | $6,280 |
| 7 | Liberty Bank | 941 | 2.4% | 3.6% | 6.250% | −0.15 | $3,870 |
| 8 | JPMorgan Chase Bank, N.A. | 938 | 2.4% | 7.8% | 6.375% | −0.12 | $6,280 |
| 9 | U.S. Bank, N.A. | 866 | 2.2% | 4.1% | 6.500% | −0.10 | $7,440 |
| 10 | Movement Mortgage, LLC | 805 | 2.1% | 1.7% | 6.625% | +0.16 | $5,380 |
| 11 | Prosperity Home Mortgage, LLC | 768 | 2.0% | 6.2% | 6.750% | +0.28 | $5,680 |
| 12 | American Neighborhood Mortgage Acceptance Company LLC | 712 | 1.8% | 2.9% | 6.625% | +0.35 | $6,300 |
| 13 | Rate | 677 | 1.7% | 5.5% | 6.625% | +0.20 | $6,050 |
| 14 | Newrez LLC | 594 | 1.5% | 15.1% | 6.875% | +0.40 | $6,940 |
| 15 | Pennymac Loan Services, LLC | 580 | 1.5% | 8.7% | 6.750% | +0.27 | $8,280 |
| 16 | Freedom Mortgage Corporation | 576 | 1.5% | 32.4% | — | — | — |
| 17 | Veterans United Home Loans | 572 | 1.5% | 8.2% | 6.625% | +0.25 | $6,200 |
| 18 | Fairway Independent Mortgage Corporation | 563 | 1.4% | 3.6% | 6.625% | +0.22 | $5,770 |
| 19 | Newtown Savings Bank | 517 | 1.3% | 5.8% | 6.375% | −0.17 | $5,780 |
| 20 | loanDepot.com, LLC | 509 | 1.3% | 11.3% | 6.750% | +0.27 | $6,460 |
| 21 | Bank of America, N.A. | 509 | 1.3% | 11.7% | 6.125% | −0.35 | $5,770 |
| 22 | Guaranteed Rate Affinity, LLC | 478 | 1.2% | 4.1% | 6.625% | +0.17 | $5,930 |
| 23 | William Raveis Mortgage, LLC | 443 | 1.1% | 8.8% | 6.625% | +0.12 | $5,630 |
| 24 | Citizens Bank, N.A. | 418 | 1.1% | 12.0% | 6.500% | −0.11 | $8,730 |
| 25 | Manufacturers and Traders Trust Company | 407 | 1.0% | 8.3% | 6.375% | −0.05 | $5,850 |
Largest lenders in Connecticut by 2025 originations. Loans = home-purchase, refinance and cash-out originations (2025); share = share of those loans here; denial rate = home-purchase applications. *Medians for conventional home-purchase loans, shown with at least 20 loans; spread = APR minus the average prime offer rate at rate lock (percentage points); costs = total loan costs (section D).
Metro areas in Connecticut
- Hartford-West Hartford-East Hartford, CT · 9,229 purchases
- Bridgeport-Stamford-Danbury, CT · 6,708 purchases
- New Haven, CT · 3,960 purchases
- Waterbury-Shelton, CT · 3,829 purchases
- Norwich-New London-Willimantic, CT · 2,401 purchases
Source: FFIEC/CFPB HMDA 2025 public LAR; FHFA and HUD 2026 loan limits. Methodology