Hartford Funding Ltd. Mortgage Rates, Fees & Info
ALBANY, NYLEI: 549300VGMMXKSX821O69
Tax ID: 11-2637419
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Mortgage Data
Review & Overview
Hartford Funding Ltd. is a smaller mortgage company specializing in Home Purchase and Cash Out Refi 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, Miami, Philadelphia, North Port, and Boston among others. We have data for 41 markets. (Some data included below & more in-depth data is available with an active subscription.)Hartford Funding Ltd. has an 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 7.00% | 11/17/24 |
| 30 Year Conventional Refi | 6.67% | 11/17/24 |
| 30 Year Cash-out Refi | 7.12% | 11/17/24 |
| 30 Year FHA Purchase | 7.37% | 11/17/24 |
| 30 Year FHA Refi | 6.96% | 11/17/24 |
| 30 Year VA Purchase | 6.52% | 11/17/24 |
| 15 Year Conventional Purchase | 6.08% | 11/17/24 |
| 15 Year Conventional Refi | 6.69% | 11/17/24 |
| 15 Year Cash-out Refi | 6.69% | 11/17/24 |
| 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. | ||
Hartford Funding Ltd. Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Hartford Funding Ltd.. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
311Origination Dollar Volume (All Markets)
$139,465,000Relative Rate
Hartford Funding Ltd.'s average 30 year fixed mortgage rate was
7.37%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.89%.
Relative Fees (Closing Costs)
Hartford Funding Ltd.'s average total fees/closing costs for a 30 year fixed rate
mortgage were $17,515.
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 $9,089.
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) | 213 | $106,525,000 | $500,117 | $18,572 | 7.19% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 16 | $8,530,000 | $533,125 | $16,777 | 7.52% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 11 | $2,455,000 | $223,182 | $12,455 | 7.78% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $2,265,000 | $755,000 | $8,499 | 6.92% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 3 | $2,225,000 | $741,667 | $34,881 | 8.25% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 4 | $1,180,000 | $295,000 | $13,760 | 7.75% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $17,731 | 7.84% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $1,035,000 | $1,035,000 | $23,151 | 7.88% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $0 | 8.44% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 3 | $935,000 | $311,667 | $18,298 | 7.83% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 4 | $930,000 | $232,500 | $13,815 | 8.53% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $19,988 | 6.06% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $9,306 | 7.04% |
| PITTSBURGH, PA (FHA|USDA|VA) | 3 | $725,000 | $241,667 | $8,128 | 7.25% |
| Outside of Metro Areas | 4 | $650,000 | $162,500 | $6,490 | 7.75% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $6,760 | 7.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $14,763 | 7.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $14,138 | 7.06% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $7,834 | 7.21% |
| READING, PA (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $18,143 | 8.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $8,447 | 7.63% |
| KINGSTON, NY (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $0 | 7.18% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $23,247 | 7.63% |
| WILLIAMSPORT, PA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $15,307 | 8.50% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 8.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $16,771 | 8.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $13,179 | 6.88% |
| BINGHAMTON, NY (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $11,838 | 8.38% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 10.13% |
| ROCHESTER, NY (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $11,720 | 8.63% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 8.88% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 6.38% |
| SYRACUSE, NY (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $11,183 | 8.50% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 9.13% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $7,835 | 7.38% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $9,880 | 7.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $13,298 | 7.13% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 9.88% |
| BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $0 | 7.13% |
| ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $11,505 | 6.13% |
| Pottsville, PA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $10,402 | 7.13% |
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.
Similarity Rank: 15
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Product Mix
For 2023, Hartford Funding Ltd.'s most frequently originated type of loan was Conventional, with 230 originations. Their 2nd most popular type was FHA, with 68 originations.
Loan Reason
For 2023, Hartford Funding Ltd.'s most frequently cited loan purpose was Home Purchase, with 223 originations. The 2nd most popular reason was Cash Out Refi, with 75 originations.
Loan Duration/Length
For 2023, Hartford Funding Ltd.'s most frequently cited loan duration was 30 Year, with 301 originations. The 2nd most popular length was Other, with 8 originations.
Origination Fees/Closing Costs
Hartford Funding Ltd.'s average total fees were $17,515, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 185 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 123 | $55,185,000 | $448,659 |
| 7-8% | 97 | $43,075,000 | $444,072 |
| Over 8% | 71 | $32,455,000 | $457,113 |
| 5-6% | 19 | $8,435,000 | $443,947 |
| 2.5-3% | 1 | $315,000 | $315,000 |
During 2023, Hartford Funding Ltd.'s average interest rate for loans was 7.37%, while their most frequently originated rate bucket for loans was 6-7%, with 123 originations.
Loan Sizing
2023 saw Hartford Funding Ltd. place emphasis on $400k-600k loans with 109 originations, totaling $54,105,000 in origination value.
Applicant Income
Hartford Funding Ltd. lent most frequently to those with incomes in the $150k-250k range, with 79 originations. The second most popular income band? $100k-150k, with 76 originations.
Applicant Debt to Income Ratio
Hartford Funding Ltd. lent most frequently to those with DTI ratios of 50-60%, with 49 originations. The next most common DTI ratio? 30-36%, with 25 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.23%
Hartford Funding Ltd. has an average approval rate.
Pick Rate
Approvals leading to origination47.91%
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 | 311 | $139,465,000 | $448,441 |