Mortgage Banker
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.
Today's Rates
Effective January 12, 2026
| Term | Interest Rate | APR | Points |
Monthly Principal &
Interest Payment
|
|---|---|---|---|---|
| 30 Year Fixed Rate | 5.750% | 5.835% | 0.000% | $1,751.00 |
| 15 Year Fixed Rate | 5.125% | 5.247% | 0.000% | $2,392.00 |
| 30 Year Fixed FHA | 5.625% | 6.423% | 0.000% | $1,757.19 |
| Ready to Own | 5.750% | 5.835% | 0.000% | $1,751.00 |
| 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.
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.
Al | Danbury, CT
Jeffrey | Beacon Falls, CT
Nick | Bristol, CT
Daniel | Stamford, CT