We Make Refinancing Simple

We still have the lowest refinancing rates.

We continue to be a leading lender by combining the lowest rates, with convenient terms so we can offer a fast, flexible and affordable process. Applying online is quick and easy… apply today!

home refinancing

Fixed Rate Mortgage

If you expect to stay in your home for a significant length of time, and you want the security of a predictable payment, our Fixed Rate Mortgage program is the perfect solution. The rate is fixed for the life of the loan, and the terms offered are up to 30 years.

  • Qualifying properties include 1-4 family owner-occupied dwellings (including condominiums) located in the states of Connecticut and Rhode Island.
  • Rate lock-in available.
  • Maximum loan amounts vary for single, two, three, and four-family dwellings.
  • $100 credit towards closing costs for Gold Rewards members for a New mortgage.
  • Special rates are available for Jumbo Mortgages.

Adjustable Rate Mortgage

An Adjustable Rate Mortgage (ARM) has a lower interest rate at the beginning of the mortgage, which changes over time based on an index. There are many types of adjustable rate mortgages and the terms of the payment change are based on the specifics of the adjustable rate mortgage product you select.

  • 1/1, 3/1, 5/1, 7/1, and 10/1 ARM terms available.
  • Rate lock-in available.
  • Rate cap 2% – annually and 6% – over the life of the loan. This means the rate can only increase 2% per year and a total of 6% over the life of the loan.
  • Qualifying properties include 1-4 family owner-occupied dwellings (including condominiums) located in the states of Connecticut and Rhode Island.
  • $100 credit towards closing costs for Gold Rewards members for a New mortgage.

Accelerator Mortgage

Thinking of refinancing a mortgage from another lender? Our Accelerator Mortgage* program makes the process quick and easy with shorter terms for those who want to pay their mortgage off quickly with our great low rates. This mortgage is especially attractive for someone planning for retirement.

  • No flood certification fee!
  • No document preparation fees!
  • No credit report fee!
  • No recording fees!
  • No appraisal fees!**
  • No title insurance fee!**
  • $25 Rebate for new loans with automatic payment from a Charter Oak Checking or Savings Account.

Cost Saver Mortgage

The Cost Saver Mortgage offers the same great advantages as the Accelerator Mortgage, with longer terms.

  • No flood certification fee!
  • No document preparation fees!
  • No credit report fee!
  • No recording fees!
  • No appraisal fees!**
  • No title insurance fee!**
  • $25 Rebate for new loans with automatic payment from a Charter Oak Checking or Savings Account.

Investment Mortgage

Charter Oak offers loans for those interested in buying or refinancing investment properties, including one- to four-unit residential dwellings located in the states of Connecticut and Rhode Island.

  • Fixed rate mortgages
  • 10 year, 15 year or 15 year Balloon with a 25 year amortization
  • Rate lock-in available
  • $25 Rebate for new loans with automatic payments from a Charter Oak Account
  • $100 credit towards closing costs for Gold Rewards members.

CHFA Mortgages

CHFA Mortgages are unique to Connecticut and made available through the Connecticut Housing Finance Authority (CHFA). Borrowers benefit from low interest rates, an easy lending process and low and no down payment options for qualified borrowers. Eligible borrowers must fit CHFA’s criteria in order to participate in the program, including loan and income limits.

  • Available to eligible first time homebuyers and individuals interested in purchasing a home in areas targeted for revitalization.
  • Low and no down payment options.
  • Down Payment Assistance Program (DAP) available for qualified applicants, including closing cost assistance.
  • $100 credit towards closing costs for Gold Rewards members for a New mortgage.

*Annual Percentage Rate (APR). All rates subject to change daily. Eligible properties include refinances of 1-4 family owner occupied detached dwellings and condominiums in FHLMC approved projects located in Connecticut and Rhode Island only. Not available for refinancing of existing Accelerator Mortgage loans. Minimum loan amount of $25,000 and a maximum loan amount of $3,000,000. Maximum loan-to-value cannot exceed 80% of the property value. An 8-year fixed rate $200,000 loan with an interest rate of 6.00% is repayable in 96 monthly payments of $2,628.29 (principal and interest only, taxes and insurance may increase actual payments). A 12-year fixed rate $200,000 loan with an interest rate of 6.25% is repayable in 144 monthly payments of $1,977.67 (principal and interest only, taxes and insurance may increase actual payments).

**Eligible properties include refinances of 1-4 family owner occupied detached dwellings and condominiums in FHLMC approved projects located in Connecticut and Rhode Island only. Not available for refinancing of existing Accelerator Mortgage loans. Minimum loan amount of $25,000 and a maximum loan amount of $3,000,000. Maximum loan-to-value cannot exceed 80% of the property value. Some fees apply for loans greater than $250,000. Loans over $500,000 are subject to a 0.25% increase above the published rate. An origination fee of $475 is required at closing. Properties held in trust must be closed by an attorney. Borrower paid Title Insurance, recording costs, $800.00 attorney fee, and $50.00 closing protection letter is required. Properties with a non-subordinated solar panel lien on the land records are required to obtain borrower paid Title Insurance, $400.00 attorney fee, and $50.00 closing protection letter fee Charter Oak Federal Credit Union requires escrows for property taxes and if applicable, flood insurance. Borrower is responsible for homeowners insurance and pre-paid interest.

Meet Our Refinancing Originators

Sharon DiMarco
Sharon DiMarcoMortgage Originator
Email: 
Office: 860-446-3565
Fax: 860-446-3039
NMLS #807736
Ann Gauthier
Ann GauthierMortgage Originator
Email: 
Office: 860-446-3550
Fax: 860-446-3040
NMLS #807624
Susan Shepherd
Susan ShepherdMortgage Originator
Email: 
Office: 860-446-3470
Fax: 860-446-3038
NMLS #15701

Mortgage Loan Originator

NMLS Number

Sarah Ann Abramek 2508440
Vicki Apicelli 2091415
Michael Ballirano 1539883
Lisa Barrette 1543396
Ashley Barstow 2360849
Andrea Black 2351240
Michael Branch 1627542
Eunice Brooks 1545760
Laurie Jean Cerbo 1835628
Su (Daisy) Chen 2309866
Rasa Clark 2252044
Jesse Colella 2347376
Samantha R D’Anna 2570287
Holly DePerry 648984
Sharon DiMarco 807736
Keiko Dinwoodie 1543391
John Dolan 807615
Aaron Domingo 1627181
Andrew Fitch 1539888
Karen Lynn Gagnon 1035309
Amelia Gallardo 1539875
Ann Gauthier 807624
Shannon M Gendreau 2445298
Kayla Godin 1539876
Barbara Hall 807619
Ellen Haluga 2309864
Melissa Hendrickson 1263551
Kaylene N Hersey 2445299
Debra Hill 740192
Sara J Holliday 2448820
James Ilch 935571
Jessica Izzarelli 1545759
Alyssa Rose LeBlanc 2471282
Erin Leite 1809985
Kaitlyn Lent 2545739
Justin Loiselle 1778646
Nicole Matos 1546935
Barbara Ferrari Meliso 1001985
Patricia Mehlenbacher 1539870
Shawna Milne 2551120
Erin Nievera 1314281
Lyndsey O’Brien 1543387
Jansie Ortiz 2448677
Nishant N Patel 2567953
Virgen Pettini 1539869
Laura Jean Pringal 1246058
Christina L Rommal 2567955
Meagan Rondeau 1224214
Neil Russell 1649628
Lauren Russi 2313525
Susan Shepherd 15701
Julieta Sherman 1545758
Deborah Snajczuk 807622
Christine Surdo 2448644
Namie Tedford 1539873
Lakshmi Thiyagarajan 2449121
Rebecca Thompson 2360846
Jeannettia Varner 1543392
John Vincent 1539887
Yvonne Sanchez Walsh 1543394
Rhonda Wetzel 1533248
April Williams 1545761
Kari Woods 2567954
Yan Jane Zhan 1742350

Have questions?

Our team of mortgage specialists are here to help you every step of the way.
Local: 860.446.3047 | Toll Free: 800.962.3237 ext 3047

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