If you own a home in Connecticut and your mortgage no longer fits, a refinance may help you change the rate type, the term or who is on the loan. The right move depends on your costs to close and how long you plan to stay. Choose your city to learn how refinancing works where you live and to speak with a loan officer licensed in Connecticut about the options you may qualify for.
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 mortgage refinance activity is highest in Connecticut
| County | loans originated (2024 HMDA) |
|---|---|
| the Capitol Planning Region | 1,900 |
| the Western Connecticut Planning Region | 1,401 |
| the South Central Connecticut Planning Region | 905 |
| the Naugatuck Valley Planning Region | 843 |
| the Southeastern Connecticut Planning Region | 603 |
| the Greater Bridgeport Planning Region | 483 |
| the Lower Connecticut River Valley Planning Region | 478 |
| the Northwest Hills Planning Region | 266 |
Start your application in a few minutes. A licensed loan officer reviews it and follows up with your options.
- Takes a few minutes
- Reviewed by a licensed loan officer
- No obligation to proceed
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.
Mortgage Refinance 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
Can I refinance to get rid of mortgage insurance?
Often, yes. If your home has gained value or your balance has dropped, a new conventional loan may not require mortgage insurance. FHA borrowers sometimes refinance into a conventional loan for this reason. Whether you qualify depends on the appraised value, your credit and the investor's guidelines. On some conventional loans you can also ask your servicer to cancel it without refinancing, so ask about both paths.
How soon after buying can I refinance?
Some loans allow a refinance fairly soon after closing, while others have seasoning requirements that set a minimum waiting period. The rules depend on the loan type and the investor. Also check whether your current mortgage has a prepayment penalty, which is rare on most home loans but worth confirming. A loan officer can tell you which waiting rules apply to your file.
How do I know if refinancing is worth it?
Compare what it costs to close the new loan with the monthly or long-term benefit it gives you, then ask how long you will keep the home. If you plan to stay well past the break-even point, the refinance may make sense. If you might sell soon, it may not. A loan officer can lay out both loans side by side so you can decide with the full picture.
Related guides
- When Does Refinancing Your Mortgage Make Sense?
- Closing Costs Explained
- The Loan Estimate and Closing Disclosure, Explained
- First-Time Home Buyer Programs in Connecticut
Mortgage Refinance overview · Connecticut mortgage overview
- 2024 Home Mortgage Disclosure Act (HMDA) data; U.S. Census Bureau Building Permits Survey 2025