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 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, Miami, Washington, and Orlando among others. We have data for 34 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.
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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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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
375Origination Dollar Volume (All Markets)
$141,675,000Awards
HARTFORD FUNDING LTD. - 2020
HARTFORD FUNDING LTD. is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 294 | $118,740,000 | $403,878 | $10,016 | 3.14% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 22 | $5,650,000 | $256,818 | $3,093 | 2.81% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 6 | $1,810,000 | $301,667 | $6,492 | 3.47% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 4 | $1,370,000 | $342,500 | $6,530 | 2.72% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 4 | $1,140,000 | $285,000 | $6,765 | 3.59% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 4 | $1,120,000 | $280,000 | $4,697 | 3.06% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $1,005,000 | $335,000 | $5,291 | 2.79% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $12,973 | 2.94% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $9,026 | 2.94% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $5,104 | 4.47% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $9,897 | 3.00% |
| Outside of Metro Areas | 3 | $645,000 | $215,000 | $7,756 | 2.96% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $8,263 | 3.13% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $0 | 3.73% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $13,400 | 2.75% |
| ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $5,290 | 3.00% |
| PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,958 | 3.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $15,287 | 3.79% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $9,924 | 3.12% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $18,681 | 2.88% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $5,298 | 2.63% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $9,523 | 2.88% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 3.16% |
| New Castle, PA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $14,861 | 2.75% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,838 | 2.00% |
| Adrian, MI (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,733 | 2.75% |
| READING, PA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $8,471 | 2.88% |
| EL PASO, TX (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $8,582 | 2.50% |
| RICHMOND, VA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,271 | 2.75% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,751 | 2.88% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $4,909 | 3.38% |
| JACKSON, MI (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,558 | 3.00% |
| PUNTA GORDA, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $6,722 | 3.25% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,251 | 2.38% |
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
For 2020, Hartford Funding Ltd.'s most frequently originated type of loan was Conventional, with 265 originations. Their 2nd most popular type was FHA, with 94 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 238 | $87,330,000 | $366,933 | $8,064 | 3.13% |
| Home Purchase | 137 | $54,345,000 | $396,679 | $11,210 | 3.10% |
For 2020, Hartford Funding Ltd.'s most frequently cited loan purpose was Refi, with 238 originations. The 2nd most popular reason was Home Purchase, with 137 originations.
Loan Duration/Length
For 2020, Hartford Funding Ltd.'s most frequently cited loan duration was 30 Year, with 299 originations. The 2nd most popular length was Other, with 36 originations.
Origination Fees/Closing Costs
Hartford Funding Ltd.'s average total fees were $9,757, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 161 originations.
Interest Rates
During 2020, Hartford Funding Ltd.'s average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 2.5-3%, with 192 originations.
Loan Sizing
2020 saw Hartford Funding Ltd. place emphasis on $200k-400k loans with 194 originations, totaling $60,370,000 in origination value.
Applicant Income
Hartford Funding Ltd. lent most frequently to those with incomes in the $100k-150k range, with 122 originations. The second most popular income band? $150k-250k, with 78 originations.
Applicant Debt to Income Ratio
Hartford Funding Ltd. lent most frequently to those with DTI ratios of 30-36%, with 61 originations. The next most common DTI ratio? 20-30%, with 60 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.86%
Hartford Funding Ltd. has an average approval rate.
Pick Rate
Approvals leading to origination58.13%
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 | 375 | $141,675,000 | $377,800 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 375 | $141,675,000 | $377,800 |