Hartford Funding Ltd. Mortgage Rates, Fees & Info

ALBANY, NY

LEI: 549300VGMMXKSX821O69

Tax ID: 11-2637419

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Hartford Funding Ltd. is a smaller mortgage company specializing in Home Purchase and Refi loans. Hartford Funding Ltd. has a high proportion of conventional loans. They have a a high 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, Washington, Poughkeepsie, New Haven, and Trenton among others. We have data for 15 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.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	7.00%	12/16/24
30 Year Conventional Refi	6.67%	12/16/24
30 Year Cash-out Refi	7.12%	12/16/24
30 Year FHA Purchase	7.37%	12/16/24
30 Year FHA Refi	6.96%	12/16/24
30 Year VA Purchase	6.52%	12/16/24
15 Year Conventional Purchase	6.08%	12/16/24
15 Year Conventional Refi	6.69%	12/16/24
15 Year Cash-out Refi	6.69%	12/16/24
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

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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

167

Origination Dollar Volume (All Markets)

$59,735,000

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)	148	$53,640,000	$362,432	$11,221	4.38%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	3	$1,865,000	$621,667	$14,035	4.50%
Outside of Metro Areas	2	$630,000	$315,000	$5,984	4.50%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA\|USDA\|VA)	3	$605,000	$201,667	$6,811	4.19%
NEW HAVEN-MILFORD, CT (FHA\|USDA\|VA)	1	$455,000	$455,000	$6,095	5.25%
TRENTON-PRINCETON, NJ (FHA\|USDA\|VA)	1	$345,000	$345,000	$8,877	4.75%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA\|USDA\|VA)	1	$315,000	$315,000	$6,416	4.38%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA\|USDA\|VA)	1	$295,000	$295,000	$9,572	4.63%
CHARLESTON-NORTH CHARLESTON, SC (FHA\|USDA\|VA)	1	$295,000	$295,000	$8,231	3.63%
BUFFALO-CHEEKTOWAGA, NY (FHA\|USDA\|VA)	1	$255,000	$255,000	$7,597	4.50%
ATLANTIC CITY-HAMMONTON, NJ (FHA\|USDA\|VA)	1	$245,000	$245,000	$5,382	4.38%
OCALA, FL (FHA\|USDA\|VA)	1	$225,000	$225,000	$6,911	4.63%
Dallas-Fort Worth-Arlington, TX (FHA\|USDA\|VA)	1	$225,000	$225,000	$0	4.29%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	1	$185,000	$185,000	$5,827	4.63%
ALBANY-SCHENECTADY-TROY, NY (FHA\|USDA\|VA)	1	$155,000	$155,000	$5,965	3.38%

Hartford Funding Ltd.'s top markets include New York, Washington, Poughkeepsie, New Haven, and Trenton among others.

Their top states include:

New York (FHA|USDA|VA)

Virginia (FHA|USDA|VA)

New Jersey (FHA|USDA|VA)

Connecticut (FHA|USDA|VA)

Florida (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.

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	105	$36,495,000	$347,571	$8,967	4.52%
FHA	51	$19,305,000	$378,529	$14,397	4.12%
VA	6	$2,410,000	$401,667	$14,607	4.23%
FHA	5	$1,525,000	$305,000	$0	4.30%

For 2019, Hartford Funding Ltd.'s most frequently originated type of loan was Conventional, with 105 originations. Their 2nd most popular type was FHA, with 51 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	94	$33,960,000	$361,277	$10,566	4.45%
Refi	73	$25,775,000	$353,082	$11,350	4.30%

For 2019, Hartford Funding Ltd.'s most frequently cited loan purpose was Home Purchase, with 94 originations. The 2nd most popular reason was Refi, with 73 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	154	$56,220,000	$365,065	$11,112	4.40%
15 Year	5	$1,215,000	$243,000	$6,733	4.08%
Other	5	$1,525,000	$305,000	$0	4.30%
20 Year	3	$775,000	$258,333	$6,889	4.04%

For 2019, Hartford Funding Ltd.'s most frequently cited loan duration was 30 Year, with 154 originations. The 2nd most popular length was 15 Year, with 5 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	52	$17,380,000	$334,231
$5k+	41	$18,035,000	$439,878
$2k-3k	28	$8,250,000	$294,643
$3k-4k	19	$6,405,000	$337,105
$4k-5k	15	$5,655,000	$377,000
$<1k	7	$2,485,000	$355,000

Hartford Funding Ltd.'s average total fees were $11,112, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 52 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	104	$35,540,000	$341,731
3-4%	46	$16,750,000	$364,130
5-6%	15	$7,035,000	$469,000
2.5-3%	1	$255,000	$255,000
7-8%	1	$155,000	$155,000

During 2019, Hartford Funding Ltd.'s average interest rate for loans was 4.40%, while their most frequently originated rate bucket for loans was 4-5%, with 104 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	98	$30,280,000	$308,980	$9,585	4.32%
$400k-600k	44	$20,520,000	$466,364	$12,950	4.41%
$100k-200k	13	$1,955,000	$150,385	$6,846	4.72%
$600k-1MM	10	$6,800,000	$680,000	$21,034	4.46%
$100,000 or less	2	$180,000	$90,000	$5,396	4.31%

2019 saw Hartford Funding Ltd. place emphasis on $200k-400k loans with 98 originations, totaling $30,280,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	55	$21,415,000	$389,364	$11,970	4.41%
$75k-100k	40	$13,830,000	$345,750	$10,561	4.39%
$50k-75k	31	$8,895,000	$286,935	$10,806	4.34%
$150k-250k	21	$8,815,000	$419,762	$9,951	4.46%
$50k or less	8	$1,930,000	$241,250	$6,972	4.60%
$250k+	4	$1,980,000	$495,000	$12,232	4.53%

Hartford Funding Ltd. lent most frequently to those with incomes in the $100k-150k range, with 55 originations. The second most popular income band? $75k-100k, with 40 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
30-36%	19	$5,875,000	$309,211	$7,889	4.44%
20-30%	15	$4,935,000	$329,000	$8,559	4.26%
47%	14	$5,330,000	$380,714	$10,746	4.25%
49%	14	$5,540,000	$395,714	$11,841	4.66%
40%	11	$4,335,000	$394,091	$12,897	4.56%
48%	10	$3,500,000	$350,000	$11,419	4.61%
50-60%	10	$5,270,000	$527,000	$20,838	4.03%
43%	9	$2,785,000	$309,444	$8,970	4.57%
45%	8	$2,970,000	$371,250	$11,404	4.27%
44%	8	$2,510,000	$313,750	$9,974	4.38%
36%	6	$1,890,000	$315,000	$8,891	4.56%
46%	6	$2,510,000	$418,333	$11,408	4.58%
41%	5	$1,085,000	$217,000	$9,007	4.39%
39%	5	$1,945,000	$389,000	$17,917	4.10%
38%	5	$1,805,000	$361,000	$9,138	4.23%
42%	5	$1,675,000	$335,000	$7,201	4.60%
>60%	3	$975,000	$325,000	$10,856	4.09%
37%	3	$1,015,000	$338,333	$9,469	4.46%
<20%	3	$915,000	$305,000	$8,872	4.70%

Hartford Funding Ltd. lent most frequently to those with DTI ratios of 30-36%, with 19 originations. The next most common DTI ratio? 20-30%, with 15 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	147	$52,825,000	$359,354	$10,747	4.37%
Black	15	$5,285,000	$352,333	$13,142	4.51%
Not provided	3	$1,175,000	$391,667	$8,974	4.54%
Native Hawaiian or Islander	1	$305,000	$305,000	$11,850	4.00%
Asian	1	$145,000	$145,000	$5,537	4.88%

Approval Rates

Total approvals of all applications
95.16%

Hartford Funding Ltd. has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
47.90%

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	167	$59,735,000	$357,695

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Single Family (1-4 Units):Site-Built	167	$59,735,000	$357,695

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	2	$800,000	$400,000	$14,497	4.06%
40-60%	23	$7,085,000	$308,043	$9,362	4.35%
60-80%	50	$17,160,000	$343,200	$9,216	4.55%
80-100%	87	$33,215,000	$381,782	$11,890	4.32%
Over 100%	2	$860,000	$430,000	$18,064	3.88%
Under 20%	2	$250,000	$125,000	$6,353	4.56%