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

Ryan Mortgage is a Connecticut mortgage company that works solely with your best interests in mind.

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

Whether you’re a first time homebuyer or a seasoned homeowner, our team will help you through your next mortgage every step of the way.

Services

Featured Mortgage Programs

Ryan Mortgage has a variety of mortgage programs available. In any case you’ll get honest advice from us.

FHA
Mortgages

Ryan Mortgage Connecticut conforming loans​

First-time Homebuyer

Connecticut Jumbo Mortgage Loans

Connecticut Refinance

Less Than
Perfect Credit

Improving Your Credit Score

Home
Equity

FAQ’s

What People Usually Ask

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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. $50-$100
  • 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! 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 11/16/20. Many other programs available including interest only! 
Please call for more information.

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30 Year Fixed Loan
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30 Year Fixed Loan (APR)

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USDA Rural Housing

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USDA Rural Housing (APR)

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FHA/VA 30 Year Fixed
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FHA/VA 30 Year Fixed (APR)

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FHA/VA 15 Year

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FHA/VA 15 Year (APR)

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15 Year Fixed
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15 Year Fixed (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 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: a credit score of 740 or better, 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 $510,400. Assume a credit score of 720 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 – $495
Lender’s Administration Fee – $1050
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

Tell us what you think about our web site, our products, our organization, or anything else that comes to mind. We welcome all of your comments and suggestions.

Toll Free Number:

(860)-295-8000

Fax Us At:

(860)-295-8860

Email Us At:

pat@ryanmortgagect.com

Office Address:

11 S Main St Marlborough, CT

Leave A Message

Tell us what you think about our web site, our products, our organization, or anything else that comes to mind. We welcome all of your comments and suggestions.