Homeowners across Connecticut use second mortgages to fund projects, pay off debt or cover major costs without refinancing. A closed-end home equity loan gives you the full amount at closing and a predictable payment, with the amount you may borrow based on your combined loan-to-value. Every loan is subject to credit approval, and programs vary by borrower, property and lender. Pick your city to see local details and connect with a loan officer.
Call to talk with a licensed loan officer. Programs vary by borrower, property and investor.
Connecticut recording costs: State real estate conveyance tax and municipal real estate conveyance tax on deeds, reported on Form OP-236 (Connecticut Real Estate Conveyance Tax Return), which is accepted by the town clerk and can be filed and paid online through e-REC. No separate state mortgage recording tax was identified. Your Loan Estimate lists the taxes that apply to your loan.
Where home equity loans activity is highest in Connecticut
| County | loans originated (2024 HMDA) |
|---|---|
| the Capitol Planning Region | 3,608 |
| the South Central Connecticut Planning Region | 1,650 |
| the Naugatuck Valley Planning Region | 1,506 |
| the Southeastern Connecticut Planning Region | 1,037 |
| the Western Connecticut Planning Region | 747 |
| the Lower Connecticut River Valley Planning Region | 662 |
| the Greater Bridgeport Planning Region | 598 |
| the Northwest Hills Planning Region | 433 |
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Prefer to talk first? Call (888) 912-6746. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.
Home Equity Loans by city in Connecticut
- Ansonia
- Branford Center
- Bridgeport
- Bristol
- Cheshire Village
- Conning Towers Nautilus Park
- Cos Cob
- Danbury
- Derby
- Glastonbury Center
- Hartford
- Jewett City
- Kensington
- Meriden
- Middletown
- Milford
- Milford city
- Naugatuck
- New Britain
- New Haven
- New London
- Norwalk
- Norwich
- Oakville
- Old Greenwich
- Pawcatuck
- Riverside
- Rockville
- Shelton
- Sherwood Manor
- Simsbury Center
- Southwood Acres
- Stafford Springs
- Stamford
- Storrs
- Terryville
- Thompsonville
- Torrington
- Wallingford Center
- Waterbury
- West Haven
- Willimantic
- Winsted
Common questions
Do home equity loans have closing costs?
Usually, yes, though they are often smaller than on a full first mortgage because the loan amount is smaller and the process may be simpler. Costs can include an appraisal or valuation, title work, recording fees and lender charges. Some lenders cover certain costs in exchange for other terms. Your Loan Estimate lists every charge, so compare estimates line by line.
Can I pay off a home equity loan early?
Many home equity loans allow early payoff, but some include a prepayment penalty or require you to repay certain closing costs if you close the loan within a set window. These terms appear in your loan documents and disclosures. Ask about them before you sign, especially if you might sell the home or refinance in the next few years.
What does lien position mean for me as a borrower?
Lien position sets the order in which lenders are repaid from a sale or foreclosure. Your first mortgage is repaid first, and a home equity loan second. As a borrower, the practical effect shows up when you refinance: your second lender may need to agree to remain behind the new first mortgage through subordination. If they decline, you may need to pay off the second loan.
Related guides
- What Is a Second Mortgage?
- HELOC vs. Home Equity Loan: Which Way to Tap Your Equity
- Cash-Out Refinance vs. HELOC: Choosing How to Use Your Equity
- First-Time Home Buyer Programs in Connecticut
Home Equity Loans overview · Connecticut mortgage overview
- 2024 Home Mortgage Disclosure Act (HMDA) data; U.S. Census Bureau Building Permits Survey 2025