Headshot of Richard McCarthy
Mortgage Banker
Office: 203.304.0572
NMLS# 419043

Richard McCarthy

With over 20 years of experience, Richard helps people achieve their dreams of homeownership as well achieve their financial goals through the refinancing their mortgages. He truly enjoys working with clients on all aspects of the home loan process -- from initial consultation through the home closing.  Richard currently resides in Shelton with his wife and family.

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

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 May 28, 2024

Term Interest Rate APR Points
Monthly Principal &
Interest Payment
30 Year Fixed Rate 6.625% 6.687% 0.000% $1,920.93
15 Year Fixed Rate 6.125% 6.242% 0.000% $2,551.87
30 Year Fixed FHA 6.500% 6.597% 0.000% $2,538.56
Ready to Own 6.625% 6.687% 0.000% $1,920.93
Welcome Home 5.750% 5.782% 0.000% $1,750.72
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.
  • 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. 

Incredible Leader and Services
Richard walked us through every step when securing a loan for our mortgage. He went over every detail and had answers to all of our questions. I would recommend Richard to anybody that is a new home buyer or to anyone that is experienced in purchasing homes. Without Richard we would have most certainly been lost in this process but he was there to help at every corner.
5 stars
Al | Danbury, CT

Gratefully, a friend referred me to Richard. I say gratefully because he brings the experience of a person who cares, promptly with thorough guidance. We were able to accomplish the task without effort, very accommodating. I am pleased to work with Richard and shall do so in the future when the need arrives.

5 stars
Jeffrey | Beacon Falls, CT
Communicative and Professional
Working with Richard was a great experience as a first time home buyer. He was very informative and communicative about all of the steps in buying a home. He was a great resource and never hesitated to take a call when I had questions.
5 stars
Nick | Bristol, CT
Richard was absolutely punctual and meticulous in providing my wife and I the necessary information to help us make the best decision possible through our process of attaining a HELOC. Truly one of a kind! We much appreciate his help!
5 stars
Daniel | Stamford, CT