James Arthur Philipakos

James has been a Top Producing Mortgage Banker for over 22 years, helping buyers and homeowners with their mortgage needs. Community service is one of his many passions. He currently serves on the Board of Education for the Town of Sherman, is a committee member of the Northern Fairfield County Association of Realtors Fair Housing, Diversity & Inclusion committee and also a part of the Greater Danbury Chamber of Commerce. He is an accredited teacher for NFCAR’s First Time Home Buyer Realtor Education Courses and has been recognized as The Affiliate Member Of The Year, by NFCAR. James is happily married with two children, two cats and two dogs and resides in Sherman, CT. He is fluent in Greek and understands Portuguese and loves to share his home made olive oil.

"I look forward to assisting with your home financing needs" - James

Get started today.

Select the loan type below.

To apply, you will need to create a mortgage request account and then login.

Purchase or Refinance

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Home Equity Loan

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Home Equity Line of Credit

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Today's Rates

Effective April 21, 2025

Term	Interest Rate	APR	Points	Monthly Principal & Interest Payment
30 Year Fixed Rate	6.375%	6.442%	0.000%	$1,871.61
15 Year Fixed Rate	5.875%	6.000%	0.000%	$2,511.36
30 Year Fixed FHA	6.25%	7.096%	0.000%	$1,879.48
Ready to Own	6.375%	6.442%	0.000%	$1,871.61
Welcome Home	5.500%	5.587%	0.000%	$1,707.34

Assumptions and general disclosures

Rates shown above require a Newtown Savings Bank checking account with auto deduction payment (excluding FHA).
The information provided assumes the purpose of the loan is to purchase a property.
The property is an existing single family home and will be used as a primary residence.
The rate lock period is 60 days.
The credit score is 780 or above.
The loan amount is $300,000 with an estimated property value of $400,000.
The Interest Rate and Annual Percentage Rate (APR) shown above are subject to change without notice.
The Annual Percentage Rate (APR) will vary based on your final loan amount and actual finance charges.
Payment does not include real estate taxes, homeowner's insurance premiums or mortgage insurance premiums. If applicable, the actual payment obligation will be greater.
Loans are subject to credit and property approval.
Other rates and terms available.

FHA

Total loan amount is $305,250. The base loan amount is $300,000
The total loan amount includes the Upfront Mortgage Insurance Premium of 1.75% of the base loan amount.
Annual Mortgage Insurance Premiums will be required for 11 years and charged monthly. If the down payment is less than 10% mortgage insurance is required for the life of the loan. The amount is not included in the monthly payment example shown above.

Ready to Own

This program is specifically tailored to meet the needs of first-time home buyers or those who have not owned a home for a period of three years.
Learn more about First-Time Homebuyer mortgages

Welcome Home

This program is designed to meet the needs of homebuyers in low to moderate income areas. Contact a Mortgage Banker to see if you qualify.

Loans are subject to application and credit approval. Rates and terms subject to change without notice.

Here's what our customers are saying...

Attentive, Patient and Responsive

My husband and I had the great pleasure of working with James and his team at Newtown Savings Bank for our recent home purchase. From the pre-qualification when we first began our search for a new home, to the final closing date more than a year later, James was extremely responsive and attentive checking in regularly to ensure that we knew what was happening with rates and offering support. James went above and beyond to guide us through the process. We are grateful to have had him on our side.

Isabel | Danbury, CT

Pleasure to work with

James was a pleasure to work with. He was both personable, and professional. He spent time with me in person, and on the phone. He was readily available for all of my questions via phone or text, which was super convenient.

Financial things are not my forte. I was refinancing from a high interest bridge loan, to a traditional mortgage. James encouraged me every step of the way, and kept my spirits up. Helped me through the technological side of things, and made it as easy as possible. I would recommend him to anyone.

Jacquelyn | New Fairfield, CT

James was very knowledgeable and caring

My wife and I purchased our first home in October and a friend encouraged us to work with Newtown Savings Bank for a mortgage lender. We were fortunate enough to work with James during our application process. He was incredibly knowledgeable and seemed to really care. Everything was issued in a timely manner and he was always very prompt when responding to messages or calls. My wife and I would highly recommend James and NSB for mortgage lending.

Chris | Southbury, CT

Highly Recommend James Philipakos

I recently got approved for a Home Line of Credit, working with James Philipakos. I can't say enough on how great he was to work with. He was professional, courteous, knowledgeable and was easy to talk to. If you ever need a loan, give James a call. It will be worth the call.

Carol | Bethel, CT

1st Time Home Buyer

After 2.5 years I can proudly say that I am home owner. I planned on looking sooner but I was put off by all of the horror stories I heard over the years of the buying process. This didn’t happen with James. James made the buying process so easy and stress free. Even when I wasn’t actively looking. He would call and check in every few months just to keep me updated on the market and interest rates and just to see how I was doing. I would highly recommend James and anyone else at NSB. I’ve been an NSB member now since 2010 and have never had a bad experience.

Joe | Danbury, CT