Loan Types

The programs we offer, with straight answers for buyers in Connecticut.

Not sure which loan fits? Most buyers start with a first-time home buyer, FHA, or conventional loan, then run the numbers with the affordability calculator and see which Connecticut community fits your budget.

First-Time Home Buyer

The Pick Your Rate team walks first-time buyers across Connecticut through every option side by side — low down payments, CHFA assistance, and the numbers behind each choice — so your first mortgage is a decision you understand, not one you were handed.

Conventional Loans

Down payment, term, points, lender credits — a conventional loan is really a set of choices. Pick Your Rate shows Connecticut buyers how each version plays out so you pick the one that fits your goals.

FHA Loans

About 3.5% down and credit guidelines built for real life. The Pick Your Rate team explains exactly what FHA costs and when it's the right pick — before you commit to anything.

VA Loans

Zero down and no monthly mortgage insurance for eligible veterans, service members, and surviving spouses. Pick Your Rate helps Connecticut military families use the benefit with full understanding — COE, funding fee, entitlement, all of it.

USDA Loans

Plenty of Connecticut's small towns qualify for USDA's zero-down program — from the Litchfield hills to the Quiet Corner. Pick Your Rate checks the address and your income before you fall for the house.

Jumbo Loans

When the house crosses the conforming limit — as it often does in Fairfield County and along the shoreline — Pick Your Rate structures the financing and shows you every version of it side by side.

Self-Employed & Bank-Statement Loans

Bank-statement and 1099 programs qualify you on the cash flow your business actually produces. Pick Your Rate shows you exactly how the math works — and prices the traditional route first, in case it's cheaper.

Investor & DSCR Loans

From New Haven three-families to single-family rentals statewide, Pick Your Rate finances Connecticut investors on the property's income — no tax returns, LLC closings welcome.

Refinance

Payment relief, a shorter term, cash for a project, dropping FHA insurance — every refinance is a strategy question. Pick Your Rate prices your actual scenario and tells you honestly whether the move is worth making.

Home Equity & HELOC

A HELOC or home equity loan taps what your Connecticut home has earned without replacing your existing first mortgage. Pick Your Rate compares both — plus the cash-out alternative — so you pick the right tool.

Construction Loans

One loan that pays your builder in stages, then converts to a regular mortgage when the house is done. Our team walks you through every step in plain English — no jargon, no pressure, just a clear picture of how the financing works.

Renovation Loans

Finance the purchase and the improvements in one loan — based on what the home will be worth after the work, not what it looks like today. Our team explains FHA 203(k) and HomeStyle side by side so you can pick the program that fits.

Keep exploring

Compare scenarios with our mortgage calculators, or see local programs and loan limits for your Connecticut town.

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