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

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & 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. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Detroit, Poughkeepsie, Miami, and Bridgeport among others. We have data for 53 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Hartford Funding Ltd. has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Hartford Funding Ltd. is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.79% 1/29/23
    30 Year Conventional Refi 6.67% 1/29/23
    30 Year Cash-out Refi 6.89% 1/29/23
    30 Year FHA Purchase 7.47% 1/29/23
    30 Year FHA Refi 7.10% 1/29/23
    30 Year VA Purchase 6.81% 1/29/23
    30 Year VA Refi 6.38% 1/29/23
    15 Year Conventional Purchase 5.98% 1/29/23
    15 Year Conventional Refi 6.16% 1/29/23
    15 Year Cash-out Refi 6.16% 1/29/23
    15 Year VA Refi 5.68% 1/29/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    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 mortgage rate was 3.23%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.08%.

    Relative Fees (Closing Costs)

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

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

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    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.

    Their top states include:
  • New York (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against HARTFORD FUNDING LTD. based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    N C P D Federal Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 596 $209,880,000 $352,148 $7,623 3.18%
    FHA 107 $43,105,000 $402,850 $15,911 3.06%
    VA 15 $6,435,000 $429,000 $14,916 3.12%
    FHA 9 $3,775,000 $419,444 $0 3.19%

    For 2021, Hartford Funding Ltd.'s most frequently originated type of loan was Conventional, with 596 originations. Their 2nd most popular type was FHA, with 107 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Hartford Funding Ltd.'s most frequently cited loan purpose was Refi, with 302 originations. The 2nd most popular reason was 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 2021, Hartford Funding Ltd.'s most frequently cited loan duration was 30 Year, with 588 originations. The 2nd most popular length was 15 Year, with 70 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 52 $18,360,000 $353,077
    $2k-3k 51 $16,045,000 $314,608
    $4k-5k 50 $17,900,000 $358,000

    Hartford Funding Ltd.'s average total fees were $9,741, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.23%, while their most frequently originated rate bucket for loans was 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
    93.49%

    Hartford Funding Ltd. has an average approval rate.

    Pick Rate

    Approvals leading to origination
    70.98%

    Hartford Funding Ltd. has a below average pick rate.

    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%