Hartford Funding Ltd. Mortgage Rates, Fees & Info
ALBANY, NYLEI: 549300VGMMXKSX821O69
Tax ID: 11-2637419
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage 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
727Origination Dollar Volume (All Markets)
$263,195,000Awards
HARTFORD FUNDING LTD. - 2021
HARTFORD FUNDING LTD. is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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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 applications92.91%
Hartford Funding Ltd. has an average approval rate.
Pick Rate
Approvals leading to origination62.19%
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% |
