Mortgage & Home Equity Loans

Whether you’re looking to buy, refinance or renovate, understanding your options is a whole lot easier when you’re working with a team of experienced mortgage professionals.

Let our mortgage professionals help you turn a house into your home – with the right mortgage from Charter Oak!

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Featured Rates

Our Mortgage Products

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.

The Cost Saver Mortgage** offers the same great advantages as the Accelerator Mortgage listed above, 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.

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 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.
  • Special rates are available for Jumbo Mortgages.
  • $25 Rebate for new loans with automatic payment from a Charter Oak Checking or Savings Account.
  • $100 credit towards closing costs for Gold Rewards members.

Actual interest rates and APR’s may vary based on credit history, loan to value, loan amount, property type and use of proceeds.

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. For example, the interest rate on a 7/1 ARM is set for the first seven years and is then adjusted annually thereafter. Charter Oak offers many different ARM options to choose from. Please review the features below to see if an ARM is right for you.

  • 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.
  • $25 Rebate for new loans with automatic payment from a Charter Oak Checking or Savings Account.
  • $100 credit towards closing costs for Gold Rewards members.

Caps: 2% +/- per adjustment period, 6% Lifetime. Margin 2.75%

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.

For the ultimate in convenience, nothing beats a Charter Oak Home Equity Line. You can access your credit line by just writing a check. You may use the money you borrow for any purpose – home improvement, debt consolidation, education, a new car, your dream vacation, etc. (Please consult your tax advisor for interest deductibility.)

  • Low variable interest rate!
  • Low monthly payments!
  • No application fees!
  • No appraisal fees!*
  • $25 Rebate for new loans with automatic payments from a Charter Oak Account

*Some fees apply for loans greater than $250,000.

For home improvement, debt consolidation, education, or a new car. Whatever your personal dream is, a fixed rate home equity loan from Charter Oak is the smart way to borrow. (Please consult your tax advisor for interest deductibility.)

  • Low fixed rates!

*Some fees apply for loans greater than $250,000.

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.

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

New!

If you are a police officer, member of the military, a teacher, or a disabled person or have a disabled member living in your household, you may qualify for an even lower rate! Click below for more details!

POLICE        MILITARY        TEACHER          DISABLED

To learn more or apply for one of these valuable mortgage programs, call a mortgage specialist at 860.446.3047 or 800.962.3237, ext. 3047 or email today.

USDA and FHA Mortgages

USDA Rural Development and Federal Housing Administration (FHA) mortgages are insured by departments within the U.S. government and allow qualified members to achieve their dream of home ownership. These loans offer borrowers a chance to obtain a home loan with easier qualification guidelines and financing options such as low and no down payment options.

Benefits of a USDA loan include:
  • No down payment required, 100% financing available.
  • Closing costs can be financed up to the appraised value.
  • 30-year fixed interest rates.
  • $25 Rebate for new loans with automatic payment from a Charter Oak Checking or Savings Account.
  • $100 credit towards closing costs for Gold Rewards members.
Benefits of a FHA loan include:
  • Low down payment required.
  • Can finance up to 96.5% on purchases and 97.75% on refinances.
  • Can use gift or unsecured loans for down payment and closing costs.
  • 15 and 30-year fixed interest rates.
  • $25 Rebate for new loans with automatic payment from a Charter Oak Checking or Savings Account.
  • $100 credit towards closing costs for Gold Rewards members.

Buying a Home? Ask About Our Homebuyers’ Assistance Programs!

Housing Our Workforce Program

  • Homebuyers may be eligible for a two-to-one match of down payments made at the time of purchase.
  • Eligible borrowers can receive up to $10,000 in assistance on a first-come, first-served basis.
  • Available to local homebuyers earning up to 120 percent of the area median income. Down payments must be for owner-occupied primary residences.
  • Contact a Charter Oak Mortgage Professional at 860.446.3047 to learn more today!

The Housing Our Workforce Program is available from the Federal Home Loan Bank of Boston. Assistance to eligible homebuyers is available on a first-come, first-served basis. Eligible recipients must attend a homebuyer education/counseling program.

Still have some questions?

Our team of mortgage specialists are here to help you every step of the way. You can call 860.446.3047 or 800.962.3237, ext. 3047 or email us to answer any questions or to ask for advice.

General Disclosures
● *APR = Annual Percentage Rate which is based on a $200,000 loan amount
● All rates listed are subject to change without notice
● Homeowners Insurance is required
● A non-refundable origination fee of $475 is required
● Charter Oak requires escrow for taxes and if applicable, flood insurance

Accelerator 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 4.74% is repayable in 96 monthly payments of $2,507.30 (principal and interest only, taxes and insurance may increase actual payments). A 12-year fixed rate $200,000 loan with an interest rate of 4.99% is repayable in 144 monthly payments of $1,848.78 (principal and interest only, taxes and insurance may increase actual payments).

Accelerator and Cost Saver Mortgage
**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. 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 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

Luzelena Almonte 2404918
Nichole Andersen 2309863
Vicki Apicelli 2091415
Tara Avila-Medina 2309865
Michael Ballirano 1539883
Lisa Barrette 1543396
Andrea Black 2351240
Michael Branch 1627542
Eunice Brooks 1545760
Laurie Jean Cerbo 1835628
Nicole Champalath 2262670
Su (Daisy) Chen 2309866
Rasa Clark 2252044
Jesse Colella 2347376
Jessica Crogle 1632104
Holly DePerry 648984
Sharon DiMarco 807736
Keiko Dinwoodie 1543391
John Dolan 807615
Aaron Domingo 1627181
Linda Faulk 1539878
Andrew Fitch 1539888
Amelia Gallardo 1539875
Ann Gauthier 807624
Kayla Godin 1539876
Barbara Hall 807619
Ellen Haluga 2309864
Kaylene N Hersey 2445299
James Ilch 935571
Jessica Izzarelli 1545759
Mechell Jackson 2337247
Samantha M Keramidas 2416394
Alyssa Rose LeBlanc 2471282
Erin Leite 1809985
Sienna Lindsey 2309862
Justin Loiselle 1778646
Nicole Matos 1546935
Barbara Ferrari Meliso 1001985
Patricia Mehlenbacher 1539870
Claudia V Meuth 2448821
Erin Nievera 1314281
Lyndsey O’Brien 1543387
Jansie Ortiz 2448677
Virgen Pettini 1539869
Adela Perez 2360847
Aleigha Price 2447817
Laura Jean Pringal 1246058
Meagan Rondeau 1224214
Nicholas Rose 2404919
Neil Russell 1649628
Lauren Russi 2313525
Susan Shepherd 15701
Julieta Sherman 1545758
Vanessa Slonus 2349050
Deborah Snajczuk 807622
Lillie Spearen 2360848
Christine Surdo 2448644
Namie Tedford 1539873
Rebecca Thompson 2360846
Jeannettia Varner 1543392
Ashley Varone 2360849
John Vincent 1539887
Yvonne Sanchez Walsh 1543394
Rhonda Wetzel 1533248
April Williams 1545761
Yan Jane Zhan 1742350