We Make Refinancing Simple

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!

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.

Featured ARM Rates

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Accelerator Mortgage

Thinking of refinancing a mortgage from another lender? Our Accelerator Mortgage¹ 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 fees³.
  • No appraisal fees².
  • No title insurance fee².
  • $25 Rebate for new loans with automatic payment from a Charter Oak Checking or Savings Account.
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Cost Saver Mortgage

The Cost Saver Mortgage offers the same great advantages as the Accelerator Mortgage¹, with longer terms.

  • No flood certification fee.
  • No document preparation fees.
  • No credit report fee.
  • No recording fees³.
  • No appraisal fees².
  • No title insurance fee².
  • $25 Rebate for new loans with automatic payment from a Charter Oak Checking or Savings Account.
View All Rates

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 we offer convenient terms.

  • 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.
View All Rates

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.
View All Rates

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.
View All Rates

*Annual Percentage Rate (APR)

1. 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. Existing loans may not refinance into the same loan product. 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 5.50% is repayable in 96 monthly payments of $2,579.86 (principal and interest only, taxes and insurance may increase actual payments). A 12-year fixed rate $200,000 loan with an interest rate of 5.75% is repayable in 144 monthly payments of $1,925.92 (principal and interest only, taxes and insurance may increase actual payments). 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.

2. 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 over 20 acres are required to obtain a borrower paid full appraisal. Properties held in trust must be closed by an attorney and are subject to 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, $800.00 attorney fee, and $50.00 closing protection letter fee. 

Rates Effective April 21st, 2025

Meet Our Originators

Mortgage Loan OriginatorNMLS
Sarah Ann Abramek2508440
Michael Ballirano1539883
Lisa Barrette1543396
Ashley Barstow2360849
Andrea Black2351240
Hannah Agar Blanco2681705
Michael Branch1627542
Eunice Brooks1545760
Laurie Jean Cerbo1835628
Atalya Lee Champalath2349767
Tracey Champion2681707
Su (Daisy) Chen2309866
Jesse Colella2347376
Samantha R D’Anna2570287
Matthew David Sylvestre2593857
Holly DePerry648984
Sharon DiMarco807736
Keiko Dinwoodie1543391
John Dolan807615
Aaron Domingo1627181
Andrew Fitch1539888
Amelia Gallardo1539875
Ann Gauthier807624
Shannon M Gendreau2445298
Erin M Gernhard1545889
Lucas Golart1725152
Barbara Hall807619
Ellen Haluga2309864
Melissa Hendrickson1263551
Sara J Holliday2448820
Lauren Homand2122530
James Ilch935571
Jessica Izzarelli1545759
Jeffrey A Kenniston2591550
Tori Kuhl2633969
Erin Leite1809985
Justin Loiselle1778646
Nicole Matos1546935
Hannah Nae Nae McEvoy2672558
Barbara Ferrari Meliso1001985
Jonathan Aguirre Mendoza2582568
Patricia Mehlenbacher1539870
Kelsey E Michon2591552
Shawna Milne2551120
Erin Nievera1314281
Lyndsey O’Brien1543387
Juan Perez Penagos2284864
Virgen Pettini1539869
Sheldon Reid2596147
Laura B Rodriguez751863
Christina L Rommal2567955
Meagan Rondeau1224214
Neil Russell1649628
Lauren Russi2313525
Lorenzina Secchiaroli2591777
Aziz Raul Serhan2499047
Susan Shepherd15701
Deborah Snajczuk807622
Christine Surdo2448644
Michael Joseph Sullivan2681706
Namie Tedford1539873
Jeannettia Varner1543392
John Vincent1539887
Yvonne Sanchez Walsh1543394
Rhonda Wetzel1533248
Evan Charles Wiencek2663948
April Williams1545761
Kari Woods2567954
Yan Jane Zhan1742350

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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