Keith Wilcox

Mortgage Loan Officer

NMLS MLO #9763

1st American Home Loans, LLC

508 Pomfret Street Putnam, CT 06260 USA

Cell: (860) 428-6300

Keith Wilcox

1st American Home Loans, LLC

508 Pomfret Street

Putnam, CT 06260 USA

Cell - (860) 428-6300


Connecticut & Rhode Island Loans

At 1st American Home Loans we service the states of Connecticut and Rhode Island with any of your mortgage needs. Whether it's purchasing a home or refinancing an existing loan our experts will help you find the perfect loan program.

Conventional loans are loans that are guaranteed by Fannie Mae and Freddie Mac up to $417,000 and $514,050 in Fairfield County. Conventional loans tend to have lower rates when compared to other loan options. The down payment however tends to be on the higher end, typically 20%. However if you have exceptional credit and sufficient money for the down payment, this is a great option.

FHA loans are a government backed loan that can make owning a home easier for some people. The main reason is that the down payment is just 3.5%. Also the financial requirements with FHA loans are not as strict. So if you haven't been able to qualify or thought you couldn't qualify for a conventional loan, then a FHA loan could be the answer to your home ownership dreams. There are also lending limits but those vary from $708,750 to $272,500 depending on which county you are looking to purchase a home in.

Another FHA option is the FHA 203K also known as a rehab loan. It has similar qualification terms as a FHA loan, but with this loan it will tie in extra funds to help pay for repairs to a home that may need it. It is designed to make a home that is in need of repairs be more attractive because you'll get the funds needed to bring it back to life. Potentially helping you get a great deal on a home that is at a low price because of the damage.

VA loans are an excellent option for anyone who is currently serving or has served in the military. The main reason is that it lets you purchase a home for no money down. It is the only home loan program where you can buy a home for no money down anywhere in Connecticut. It also has much looser financial requirements giving veterans and active duty military a much easier way to purchase a home. The loan limits are $417,000 with just Fairfield County having a $612,500 loan limit.

Another no money down option is a USDA loan or rural development loan which anyone can qualify for. The only catch is that you have to purchase a home in an area that is designated as rural by the USDA. There are plenty of areas in Connecticut and Rhode Island that would qualify. The lending limits range from $230,000 to $350,000 depending on which county you are looking in.

We also provide all the different types of refinance options if you are looking to refinance your existing loan to get into a lower rate or shorten the terms to pay it off faster. You can also do a cash-out refinance if you are in the need of extra cash from the equity you have built up in your home. Even if you've thought you couldn't refinance because you are underwater with your mortgage, we have access to the HARP refinance that was created specifically to let people refinance who are underwater.

Whatever your CT / RI mortgage need might call for, we have a solution for you. Contact us today to get a free rate quote.

Keith Wilcox
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