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Connecticut VA Loans

Whether you receive PCS orders to relocate to Connecticut or are already a resident, purchasing a home can be a great financial move. Using a VA loan in Connecticut has many benefits for seasoned and first-time homebuyers alike.

Published on January 7, 2021

With the average listing price of a home in Connecticut landing at $782,370, the VA loan’s signature $0-money-down benefit is a considerable advantage for Connecticut homebuyers.

See also: VA Loan Options for Other States

How to get a VA Loan in Connecticut

VA loans are made by private lenders and guaranteed by the Department of Veterans Affairs. Because private lenders make the loans and not the VA, you need to find a lender licensed in the state you plan to purchase or refinance.

For example, if you're purchasing a home in Bridgeport, CT, you'll need to find a lender licensed in Connecticut to do the loan.

Our Lender
Veterans United Home Loans is a VA approved lender; Mortgage Research Center, LLC – NMLS #1907 (www.nmlsconsumeraccess.org). Not affiliated with the Dept. of Veterans Affairs or any government agency. Not available in NV or NY. 1400 Veterans United Dr., Columbia, MO 65203. Equal Housing Lender

Other Considerations for Getting a VA Loan in Connecticut

VA borrowers in Connecticut should also consider the cost and impact of VA loan limits and property taxes when making their home purchase.

Connecticut VA Loan Limits

As of January 1, 2020, VA borrowers in Connecticut with their full VA loan entitlement are not restricted by VA loan limits. This means you can borrow as much as a lender is willing to lend without needing a down payment.

However, veterans without their full VA loan entitlement are still bound to Connecticut VA loan limits.

Connecticut VA Loan Limits by County

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County Loan Limit
Fairfield $601,450
All other areas $548,250

Property Taxes in Connecticut

Another consideration for VA buyers in Connecticut is property taxes. For certain VA buyers, there are exemptions.

You may be eligible for a property tax exemption in Connecticut if you meet one of the following conditions:

  • If you are a veteran with a disability rating of 75% or more, you may receive a property tax exemption of $3,000 from the total assessed value of your property if you have served at least 90 days of active duty and are honorably discharged.
  • If you are a veteran with a disability rating between 10% and 75%, you can receive a $1,500 value deduction.
  • For more serious disabled veterans, you may receive another $10,000.

If you are required to pay property tax in Connecticut, the American Community Survey by the U.S. Census Bureau estimates you may pay the following in each county:

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County Property Tax Rate
Fairfield County 1.75%
Hartford County 2.28%
Litchfield County 1.92%
Middlesex County 1.95%
New Haven County 2.33%
New London County 1.85%
Tolland County 2.17%
Windham County 1.85%

How VA Loans Work in Connecticut

View the graphic below to learn more about how VA loans work in Connecticut.

How Connecticut VA Loans work How Connecticut VA Loans work How Connecticut VA Loans work