Charter Oak reports 999 mortgage originations in 2017

Charter Oak reports 999 mortgage originations in 2017



WATERFORD — Charter Oak Federal Credit Union has announced that it originated 799 residential mortgages in New London County in 2017 and another 200 in Windham County, putting it first in that market for an eighth consecutive year, according to figures from the Warren Group, which compiles data on home sales.

The New London County mortgages were valued at $106 million and those in Windham County at $20 million, the credit union said. 

Brian A. Orenstein, Charter Oak president and CEO, said, “Year after year, our lending teams work very hard to find the right mortgage for prospective homebuyers and those looking to refinance.”

The credit union said it had expanded its Connecticut Housing Finance Authority mortgage offerings last year to include lower-rate mortgages earmarked for police officers, teachers and those in the military. 

Warren’s Residential Mortgage Marketshare Report includes all residential mortgages in New London and Windham counties with a value between $1 and $25 million. 


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