Ryan Mortgage
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Talk to experienced, local, friendly broker/owners.
Getting Started
Get A Fast Mortgage Pre-Approval or
Answers to Your Questions
Introduction
About Ryan Mortgage
We’ll work with you to provide financing that best suits your needs. It’s important to us that you fully understand the transaction. Our loan consultants will take plenty of time to explain all aspects of the loan.
Our goal is to put you in the home of your dreams while taking care of your long term financial health.
Staff
Meet Our Team
Koreen Ryan
Loan Consultant (NMLS ID 88279)
She’s experienced in all types of mortgage products and is particularly experienced with construction loans.
She has been a resident of Marlborough, CT since 1991 where she resides with her husband Pat and 2 children.
Pat Ryan
Loan Consultant (NMLS ID 88278)
He’s a been a mortgage broker since 2001 and a recipient of the prestigious Five Star Professional award multiple times.
Pat has been a resident of Marlborough, CT since 1991 where he resides with his wife Koreen and 2 children.
Services
Featured Mortgage Programs
Ryan Mortgage has a variety of mortgage programs available. In any case you’ll get honest advice from us.
FAQ’s
What People Usually Ask
There are several major differences.
A bank has a set rate. Mortgage brokers can search among a variety of lenders to see who is offering better rates
Your loan will pass among many hands at a bank and goes from department to department. At Ryan Mortgage you’ll have a mortgage officer who will follow your file from application to the closing.
They can vary depending on the specific lender, but as a guideline you’ll generally find this to be a reasonable estimate:
- property appraisal, $445-850
- credit report and evaluation. $100-$150
- Administration Fee (lender), $1055
- Attorney’s Fee, $850
- Title Insurance, it’s a formula, $385 for the first $100,000 in home value and add $3.25 for each additional $1,000. A discount is usually available on a refinance.
- Flood certification, $8-$15
- Recording Fee (charged by your town), $325-$350
This is just an estimate of of the fees, but this represents the typical transaction.
Nothing extra! Our fees are paid by the lender in almost every case!
Here’s a general list that most will need, certain circumstances will mean that we’ll have to ask for more (for example, if you’re using income from rental property, child support, alimony).
- your most recent paystub
- last year’s W-2 (last 2 years for government mortgages)
- most recent bank statement (all pages needed), 2 months for government mortgages
- most recent statements for any 401(k), IRA or brokerage accounts
- if you’re self-employed (own 25% or more), last 2 year’s tax returns (all pages)
- if it’s a purchase, you’ll need a legible copy of the purchase agreement signed by both buyer and seller
- purchase, copy of cancelled earnest money check
- if there is any gift money involved, you’ll need a copy of the check you received as a gift, a copy of the deposit slip that shows you deposited it and a copy of the gift giver’s most recent bank statement showing they had the money to give.
Reviews
What clients Say
prequalification
What information is needed for a good prequalification?
A lot of mortgage officers only do a very quick review of a scenario before issuing a prequalification letter.
A good prequalification will state that the lender has completed a preliminary check of credit, income and assets. No prequalification or pre-approval is an absolute guarantee that the deal will close since the property has conditions to meet to (appraisal and title), but you’re halfway there!
What to look for in a prequalification...
Credit Check.
The loan officer should review the buyers credit history and scores. If they haven't looked at credit there can be some surprises that may cause problems down the road.
Income
A most recent paystub and W-2 need to be examined to give an accurate income amount. Many buyers / borrowers fall into some common traps when they try to figure out their own income. The most commons ones are related to the use of overtime and self-employment income.
Assets or Downpayment.
Buyers should have the bulk of their assets in the bank right now (and it should have been there for a couple of months). If they're using gift money, it's no problem if it's not in the bank but it will have to be documented.
Rates
Connecticut Mortgage Rates
Rates subject to change without notice and are for 30 day rate locks, current as of 12/1/23.
Please call for more information and current rates.
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USDA Rural Housing
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USDA Rural Housing (APR)
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FHA/VA 15 Year
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FHA/VA 15 Year (APR)
These rates are all with $0 in points/origination/mortgage broker fees.
Many factors enter into our pricing, you may be eligible for a better/worse rate or lower closings costs depending on your exact scenario and credit score. Please call for more information. Non FHA/VA/USDA rates above assume: purchase, credit score of 740 or better (FHA credit score 680+ for these rates), 75% loan to value ratio (or lower), estimated single family home value of $200,000 either purchase or rate and term refinance loan. Cash-out refinance rates and condos may be slightly higher (please call).
Rates subject to change without notice and are for 30 day rate locks. Many other programs available including interest only!
Jumbo loans are loan amounts greater than $726,200. Assume a credit score of 740 or greater and a loan to value ratio of 75% or less. .
*These rates are all with $0 in points/origination/mortgage broker fees and are based upon the following scenarios for qualified buyers with loans over $130,000: purchases and rate and term refinances with loan to value ratios of 80% or less, cash out refinances with loan-to-value ratio of 70% or less.
Many other programs available! Call 860-295-8000 for details!
Typical Closing costs are:
Appraisal – $500
Lender’s Administration Fee – $1055
Attorney Fee – $950
Title Insurance – by formula, $482.50 on a $130,000 loan ($710 on a $200,000 mortgage, $1035 on a $300,000 mortgage)
Recording Fee – $350
Many other programs available! Call 860-295-8000 for details!
Contact
Get In Touch
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Phone:
(860)-295-8000
Fax Us At:
(860)-295-8860
Email Us At:
koreen@ryanmortgagect.com
Office Address:
Marlborough, CT
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