Hartford Funding Ltd. Mortgage Rates, Fees & Info

ALBANY, NY

LEI: 549300VGMMXKSX821O69

Tax ID: 11-2637419

1 stars - out of 5 stars, based on 27 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Hartford Funding Ltd. is a smaller mortgage company specializing in Refi and Home Purchase loans. Hartford Funding Ltd. has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include New York, Detroit, Poughkeepsie, Miami, and Bridgeport among others. Hartford Funding Ltd. has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Hartford Funding Ltd. is typically a high fee lendor.


Originations

727

Origination Dollar Volume (All Markets)

$263,195,000

Awards

HARTFORD FUNDING LTD. 30 Year Conventional Loans bronze HARTFORD FUNDING LTD. FHA Loans silver
Show all (2) awards

Relative Rate

Hartford Funding Ltd.'s average 30 year fixed rate mortgage of loans were 3.23%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.08%.

Relative Fees

Hartford Funding Ltd.'s average total fees for a 30 year fixed rate mortgage are $9,741.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 466 $196,650,000 $421,996 $11,261 3.21%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 146 $33,020,000 $226,164 $3,261 2.94%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 8 $3,010,000 $376,250 $8,005 3.20%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 7 $2,795,000 $399,286 $9,136 3.29%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 8 $2,680,000 $335,000 $9,560 3.23%
ANN ARBOR, MI (FHA|USDA|VA) 8 $2,440,000 $305,000 $2,894 2.97%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 7 $1,955,000 $279,286 $9,932 3.16%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 4 $1,720,000 $430,000 $11,714 3.34%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 2 $1,600,000 $800,000 $12,694 3.94%
Outside of Metro Areas 7 $1,315,000 $187,857 $5,011 3.04%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 4 $1,270,000 $317,500 $9,983 2.91%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $1,085,000 $361,667 $5,465 3.67%
MONROE, MI (FHA|USDA|VA) 4 $960,000 $240,000 $3,765 3.28%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 4 $860,000 $215,000 $10,818 2.88%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $765,000 $765,000 $0 4.90%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 2 $590,000 $295,000 $6,597 3.06%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $540,000 $270,000 $8,479 3.13%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $530,000 $265,000 $5,857 3.06%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 1 $485,000 $485,000 $24,288 3.25%
OCALA, FL (FHA|USDA|VA) 2 $480,000 $240,000 $6,817 3.44%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 2 $470,000 $235,000 $13,016 3.75%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 1 $445,000 $445,000 $10,330 2.88%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $425,000 $425,000 $4,230 3.38%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $380,000 $190,000 $6,612 3.00%
JACKSON, MI (FHA|USDA|VA) 2 $380,000 $190,000 $2,820 2.75%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $375,000 $375,000 $5,024 3.13%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $365,000 $365,000 $9,204 3.63%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 2 $360,000 $180,000 $4,124 3.25%
FLINT, MI (FHA|USDA|VA) 2 $330,000 $165,000 $2,671 3.19%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $325,000 $325,000 $4,497 2.38%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $315,000 $315,000 $5,686 3.25%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 1 $315,000 $315,000 $11,786 3.00%
SYRACUSE, NY (FHA|USDA|VA) 1 $265,000 $265,000 $4,274 3.88%
KINGSTON, NY (FHA|USDA|VA) 1 $255,000 $255,000 $4,867 3.13%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $255,000 $255,000 $10,466 4.50%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $235,000 $235,000 $5,385 3.38%
Cadillac, MI (FHA|USDA|VA) 1 $235,000 $235,000 $2,503 2.38%
Hillsdale, MI (FHA|USDA|VA) 1 $225,000 $225,000 $10,003 3.25%
Plattsburgh, NY (FHA|USDA|VA) 1 $225,000 $225,000 $9,410 3.50%
REDDING, CA (FHA|USDA|VA) 1 $215,000 $215,000 $13,542 2.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $205,000 $205,000 $11,362 3.25%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $205,000 $205,000 $3,822 3.13%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $195,000 $195,000 $4,905 3.63%
PITTSBURGH, PA (FHA|USDA|VA) 1 $195,000 $195,000 $8,194 2.50%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $190,000 $95,000 $5,469 3.19%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $185,000 $185,000 $7,819 2.88%
Gloversville, NY (FHA|USDA|VA) 1 $145,000 $145,000 $5,817 2.88%
BATTLE CREEK, MI (FHA|USDA|VA) 1 $145,000 $145,000 $5,696 3.25%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $145,000 $145,000 $5,160 3.13%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.38%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $115,000 $115,000 $6,150 3.50%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $115,000 $115,000 $5,891 4.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.88%

Hartford Funding Ltd.'s top markets include New York, Detroit, Poughkeepsie, Miami, and Bridgeport among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 596 $209,880,000 $352,148 $7,623 3.18%
FHA 116 $46,880,000 $404,138 $15,911 3.07%
VA 15 $6,435,000 $429,000 $14,916 3.12%

For the 2021 period, Hartford Funding Ltd.'s most frequently originated loan type of loans were Conventional, with 596 originations. Their 2nd most popular type is FHA, with 116 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 302 $100,250,000 $331,954 $7,439 3.04%
Home Purchase 280 $110,930,000 $396,179 $10,482 3.19%
Cash Out Refi 145 $52,015,000 $358,724 $9,602 3.34%

For the 2021, Hartford Funding Ltd.'s most frequently cited loan purpose of loans were Refi, with 302 originations. The 2nd most popular reason of loans were Home Purchase, with 280 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 588 $222,110,000 $377,738 $9,741 3.23%
15 Year 70 $18,310,000 $261,571 $4,934 2.68%
20 Year 37 $11,315,000 $305,811 $6,940 2.95%
Other 29 $11,125,000 $383,621 $7,301 3.25%
10 Year 3 $335,000 $111,667 $3,711 2.63%

For the 2021, Hartford Funding Ltd.'s most frequently cited loan length of loans were 30 Year, with 588 originations. The 2nd most popular length of loans were 15 Year, with 70 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$5k+ 217 $100,735,000 $464,217
$1k-2k 195 $68,175,000 $349,615
$<1k 135 $32,905,000 $243,741
$3k-4k 102 $36,260,000 $355,490
$2k-3k 51 $16,045,000 $314,608

$9,741 of loans were Hartford Funding Ltd.'s average total fees, while their most frequently occuring range of origination fees were in the $5k+ bucket, with 217 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 415 $159,555,000 $384,470
2.5-3% 234 $78,770,000 $336,624
<2.5% 60 $17,400,000 $290,000
4-5% 17 $6,285,000 $369,706
5-6% 1 $1,185,000 $1,185,000

During 2021, Hartford Funding Ltd.'s average interest rate of loans were 3.23%, while their most frequently originated rate bucket of loans were 3-4%, with 415 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 322 $97,880,000 $303,975 $7,664 3.10%
$400k-600k 213 $101,915,000 $478,474 $11,653 3.19%
$100k-200k 112 $17,250,000 $154,018 $4,468 3.13%
$600k-1MM 57 $39,865,000 $699,386 $16,346 3.39%
$100,000 or less 19 $1,485,000 $78,158 $3,173 3.09%
$1MM+ 4 $4,800,000 $1,200,000 $29,938 3.88%

2021 saw Hartford Funding Ltd. place emphasis on $200k-400k loans with 322 originations, totaling $97,880,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 235 $92,845,000 $395,085 $10,300 3.16%
$75k-100k 164 $56,550,000 $344,817 $8,666 3.16%
$50k-75k 124 $32,520,000 $262,258 $7,053 3.11%
$150k-250k 109 $46,285,000 $424,633 $9,634 3.22%
$250k+ 47 $23,175,000 $493,085 $10,255 3.26%
$50k or less 35 $6,405,000 $183,000 $4,836 3.09%

Hartford Funding Ltd. lent most frequently to those with incomes in the $100k-150k range, with 235 originations. The second most popular income band? $75k-100k, with 164 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
30-36% 125 $44,635,000 $357,080 $8,053 3.16%
20-30% 93 $29,265,000 $314,677 $6,537 3.20%
50-60% 50 $20,830,000 $416,600 $15,641 3.14%
49% 48 $18,970,000 $395,208 $10,897 3.32%
42% 37 $13,685,000 $369,865 $9,895 3.17%
47% 35 $14,195,000 $405,571 $10,050 3.13%
45% 35 $13,815,000 $394,714 $11,117 3.17%
44% 31 $11,855,000 $382,419 $7,779 3.16%
40% 30 $10,330,000 $344,333 $9,390 3.15%
41% 29 $10,605,000 $365,690 $8,148 3.00%
37% 29 $9,845,000 $339,483 $8,480 3.25%
43% 26 $9,430,000 $362,692 $9,251 3.08%
39% 26 $8,770,000 $337,308 $7,440 3.22%
46% 26 $8,930,000 $343,462 $9,272 3.20%
<20% 22 $6,540,000 $297,273 $4,340 2.93%
48% 21 $7,085,000 $337,381 $9,599 3.07%
36% 20 $7,220,000 $361,000 $8,365 3.21%
38% 19 $6,505,000 $342,368 $8,132 3.16%
>60% 2 $570,000 $285,000 $7,076 3.12%

Hartford Funding Ltd. lent most frequently to those with DTI ratios of 30-36%, with 125 originations. The next most common DTI ratio? 20-30%, with 93 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 473 $165,075,000 $348,996 $8,242 3.16%
Black 129 $52,615,000 $407,868 $12,337 3.26%
Not provided 86 $28,360,000 $329,767 $7,927 2.97%
Asian 37 $16,375,000 $442,568 $10,460 3.30%
American Indian 2 $770,000 $385,000 $12,071 3.19%

Approval Rates

Total approvals of all applications
92.91%

Hartford Funding Ltd. has an average approval rate.

Pick Rate

Approvals leading to origination
62.19%

Hartford Funding Ltd. has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 727 $263,195,000 $362,029

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
727 $263,195,000 $362,029

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 33 $10,555,000 $319,848 $7,383 3.26%
40-60% 141 $44,185,000 $313,369 $6,928 3.04%
60-80% 300 $105,580,000 $351,933 $8,459 3.24%
80-100% 248 $101,330,000 $408,589 $10,890 3.13%
Over 100% 3 $1,385,000 $461,667 $22,320 3.13%
Under 20% 2 $160,000 $80,000 $5,558 2.63%