Hartford FHA Loan Rates, Closing Costs & Stats
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT
FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.
FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.
While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.
For additional requirements as defined by the FHA, click here.
Hartford's 140 lenders originated 2,292 FHA loans during 2023. The total origination value was $628,200,000, with an average FHA loan value of $274,084.
Hartford FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Hartford
averaged
6.32%
for the week of 2024-12-06, compared to the national average (all FHA variants) of
6.363% for the same period.
Hartford's average FHA mortgage closing costs are $8,341.
The average rate for the prior week (2024-11-29) was
6.56% and
one month ago for the week of 2024-11-01, the
average rate was 6.45%.
The average rate one year ago was 6.88%.
For refis of the same type during the week of 2024-12-06, the average rate
was 6.12%.
Hartford FHA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Hartford level.
The top Hartford FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
253 FHA loans originated. Their average total fees are
$11,443, which is $1,665
higher than the next largest lender,
FIRST WORLD MORTGAGE CORPORATION.
The lowest fee Hartford FHA lenders (with over 10 loans originated) are
Liberty Bank ($7,800), FIRST WORLD MORTGAGE CORPORATION ($9,778), ENVOY MORTGAGE, LTD ($10,036), HOMEBRIDGE FINANCIAL SERVICES, INC. ($10,129) and WILLIAM RAVEIS MORTGAGE, LLC ($10,314).
The lowest rate Hartford FHA lenders (with over 10 loans originated) are
AMERISAVE MORTGAGE CORPORATION (5.81%), HOMEBRIDGE FINANCIAL SERVICES, INC. (6.03%), Liberty Bank (6.03%), CARDINAL FINANCIAL (6.07%) and Mr. Cooper ( Nationstar Mortgage ) (6.08%).
Hartford FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT | HARTFORD | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT | MIDDLESEX | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT | TOLLAND | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT | HARTFORD | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT | MIDDLESEX | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT | TOLLAND | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Hartford (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $269,000 (3.7%) | $350,200 (4.8%) | 1.00 | 4,053 |
2018-02-01 | $268,000 (1.2%) | $349,138 (2.9%) | 0.97 | 3,980 |
2018-03-01 | $284,700 (4.6%) | $356,309 (-0.7%) | 1.00 | 4,184 |
2018-04-01 | $289,450 (5.3%) | $361,605 (-0.4%) | 0.98 | 4,373 |
2018-05-01 | $288,675 (2.2%) | $362,284 (-0.6%) | 0.96 | 4,806 |
2018-06-01 | $289,900 (1.3%) | $364,077 (-0.9%) | 0.97 | 5,130 |
2018-07-01 | $287,000 (2.5%) | $357,618 (-3.1%) | 0.96 | 5,446 |
2018-08-01 | $283,675 (1.5%) | $352,998 (-3.4%) | 0.95 | 5,441 |
2018-09-01 | $279,900 (0.0%) | $349,346 (-2.9%) | 0.94 | 5,530 |
2018-10-01 | $279,900 (1.8%) | $350,877 (-1.3%) | 0.95 | 5,448 |
2018-11-01 | $279,900 (1.8%) | $352,294 (-0.5%) | 0.95 | 5,185 |
2018-12-01 | $274,900 (1.9%) | $353,104 (0.1%) | 0.95 | 4,663 |
2019-01-01 | $274,475 (2.0%) | $350,874 (0.2%) | 0.95 | 4,162 |
2019-02-01 | $279,900 (4.4%) | $355,285 (1.8%) | 0.95 | 4,030 |
2019-03-01 | $286,329 (0.6%) | $360,535 (1.2%) | 0.94 | 4,061 |
2019-04-01 | $296,950 (2.6%) | $368,326 (1.9%) | 0.94 | 4,139 |
2019-05-01 | $299,900 (3.9%) | $372,559 (2.8%) | 0.94 | 4,467 |
2019-06-01 | $304,900 (5.2%) | $372,128 (2.2%) | 0.95 | 4,723 |
2019-07-01 | $299,450 (4.3%) | $367,259 (2.7%) | 0.94 | 4,894 |
2019-08-01 | $298,714 (5.3%) | $364,370 (3.2%) | 0.95 | 4,889 |
2019-09-01 | $298,284 (6.6%) | $361,891 (3.6%) | 0.95 | 4,892 |
2019-10-01 | $298,523 (6.7%) | $360,482 (2.7%) | 0.96 | 4,836 |
2019-11-01 | $290,000 (3.6%) | $358,741 (1.8%) | 0.95 | 4,409 |
2019-12-01 | $289,900 (5.5%) | $358,125 (1.4%) | 0.97 | 3,817 |
2020-01-01 | $285,000 (3.8%) | $353,031 (0.6%) | 0.95 | 3,318 |
2020-02-01 | $289,900 (3.6%) | $359,240 (1.1%) | 0.95 | 3,141 |
2020-03-01 | $307,263 (7.3%) | $375,832 (4.2%) | 0.96 | 3,117 |
2020-04-01 | $309,900 (4.4%) | $378,166 (2.7%) | 0.97 | 2,999 |
2020-05-01 | $324,900 (8.3%) | $389,756 (4.6%) | 0.99 | 2,863 |
2020-06-01 | $332,400 (9.0%) | $408,910 (9.9%) | 0.98 | 2,730 |
2020-07-01 | $343,950 (14.9%) | $423,463 (15.3%) | 1.00 | 2,500 |
2020-08-01 | $345,000 (15.5%) | $431,049 (18.3%) | 0.99 | 2,338 |
2020-09-01 | $339,900 (14.0%) | $434,073 (20.0%) | 0.97 | 2,355 |
2020-10-01 | $339,900 (13.9%) | $437,083 (21.3%) | 0.97 | 2,367 |
2020-11-01 | $339,900 (17.2%) | $440,014 (22.7%) | 0.99 | 2,225 |
2020-12-01 | $340,000 (17.3%) | $447,365 (24.9%) | 1.01 | 1,919 |
2021-01-01 | $343,727 (20.6%) | $453,182 (28.4%) | 1.03 | 1,526 |
2021-02-01 | $352,450 (21.6%) | $473,755 (31.9%) | 1.03 | 1,265 |
2021-03-01 | $354,100 (15.2%) | $479,658 (27.6%) | 1.00 | 1,272 |
2021-04-01 | $359,900 (16.1%) | $476,323 (26.0%) | 0.97 | 1,319 |
2021-05-01 | $349,900 (7.7%) | $464,554 (19.2%) | 0.93 | 1,401 |
2021-06-01 | $342,450 (3.0%) | $461,676 (12.9%) | 0.90 | 1,608 |
2021-07-01 | $335,000 (-2.6%) | $451,669 (6.7%) | 0.88 | 1,825 |
2021-08-01 | $329,900 (-4.4%) | $437,229 (1.4%) | 0.88 | 1,919 |
2021-09-01 | $331,675 (-2.4%) | $435,081 (0.2%) | 0.88 | 1,868 |
2021-10-01 | $329,900 (-2.9%) | $434,139 (-0.7%) | 0.88 | 1,802 |
2021-11-01 | $337,225 (-0.8%) | $447,622 (1.7%) | 0.90 | 1,499 |
2021-12-01 | $346,425 (1.9%) | $461,254 (3.1%) | 0.94 | 1,217 |
2022-01-01 | $349,900 (1.8%) | $468,276 (3.3%) | 0.95 | 992 |
2022-02-01 | $362,450 (2.8%) | $479,096 (1.1%) | 0.94 | 871 |
2022-03-01 | $349,950 (-1.2%) | $466,921 (-2.7%) | 0.88 | 901 |
2022-04-01 | $349,900 (-2.8%) | $462,121 (-3.0%) | 0.83 | 1,029 |
2022-05-01 | $362,450 (3.6%) | $474,518 (2.2%) | 0.83 | 1,192 |
2022-06-01 | $370,000 (8.0%) | $481,078 (4.2%) | 0.82 | 1,360 |
2022-07-01 | $379,000 (13.1%) | $487,092 (7.8%) | 0.85 | 1,525 |
2022-08-01 | $373,675 (13.3%) | $488,528 (11.7%) | 0.86 | 1,461 |
2022-09-01 | $372,475 (12.3%) | $497,157 (14.3%) | 0.87 | 1,336 |
2022-10-01 | $375,000 (13.7%) | $507,641 (16.9%) | 0.88 | 1,336 |
2022-11-01 | $372,400 (10.4%) | $508,994 (13.7%) | 0.90 | 1,263 |
2022-12-01 | $365,000 (5.4%) | $515,700 (11.8%) | 0.90 | 1,059 |
2023-01-01 | $372,500 (6.5%) | $525,972 (12.3%) | 0.92 | 851 |
2023-02-01 | $396,400 (9.4%) | $558,024 (16.5%) | 0.96 | 794 |
2023-03-01 | $402,900 (15.1%) | $576,485 (23.5%) | 0.95 | 748 |
2023-04-01 | $399,900 (14.3%) | $568,051 (22.9%) | 0.93 | 839 |
2023-05-01 | $424,900 (17.2%) | $595,796 (25.6%) | 0.96 | 883 |
2023-06-01 | $434,450 (17.4%) | $588,785 (22.4%) | 0.98 | 980 |
2023-07-01 | $435,000 (14.8%) | $584,294 (20.0%) | 0.99 | 1,012 |
2023-08-01 | $399,900 (7.0%) | $534,493 (9.4%) | 0.92 | 1,043 |
2023-09-01 | $399,900 (7.4%) | $535,399 (7.7%) | 0.93 | 1,100 |
2023-10-01 | $399,900 (6.6%) | $546,007 (7.6%) | 0.94 | 1,106 |
2023-11-01 | $398,450 (7.0%) | $530,059 (4.1%) | 0.95 | 1,125 |
2023-12-01 | $389,900 (6.8%) | $527,341 (2.3%) | 0.95 | 903 |
2024-01-01 | $393,700 (5.7%) | $527,057 (0.2%) | 0.96 | 808 |
2024-02-01 | $399,900 (0.9%) | $535,984 (-4.0%) | 0.96 | 773 |
2024-03-01 | $399,900 (-0.7%) | $524,761 (-9.0%) | 0.94 | 794 |
2024-04-01 | $406,125 (1.6%) | $537,279 (-5.4%) | 0.94 | 858 |
2024-05-01 | $446,725 (5.1%) | $570,191 (-4.3%) | 1.01 | 924 |
2024-06-01 | $449,900 (3.6%) | $583,246 (-0.9%) | 1.01 | 1,043 |
2024-07-01 | $420,000 (-3.5%) | $552,293 (-5.5%) | 0.96 | 1,093 |
2024-08-01 | $415,000 (3.8%) | $557,726 (4.4%) | 0.97 | 1,143 |
2024-09-01 | $412,400 (3.1%) | $563,691 (5.3%) | 0.97 | 1,249 |
2024-10-01 | $399,900 (0.0%) | $550,182 (0.8%) | 0.94 | 1,249 |
2024-11-01 | $399,000 (0.1%) | $538,792 (1.7%) | 0.00 | 1,170 |
Hartford's median listing price comes in at 0% of the national average.
Hartford's average listing price for 2024-11-01 was $538,792, a difference of $8,733 (1.7%) versus the prior year and $-11,390 versus the prior month.
For the 2024-11-01 period, Hartford had 1,170 MLS listings, a difference of -79 listings (-6%) versus the prior month and 45 listings (4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hartford (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 86 days | 1,755 sqft |
2018-02-01 | 80 days | 1,743 sqft |
2018-03-01 | 57 days | 1,802 sqft |
2018-04-01 | 52 days | 1,822 sqft |
2018-05-01 | 47 days | 1,826 sqft |
2018-06-01 | 49 days | 1,845 sqft |
2018-07-01 | 54 days | 1,825 sqft |
2018-08-01 | 61 days | 1,803 sqft |
2018-09-01 | 67 days | 1,800 sqft |
2018-10-01 | 69 days | 1,800 sqft |
2018-11-01 | 71 days | 1,800 sqft |
2018-12-01 | 80 days | 1,783 sqft |
2019-01-01 | 88 days | 1,783 sqft |
2019-02-01 | 86 days | 1,800 sqft |
2019-03-01 | 68 days | 1,805 sqft |
2019-04-01 | 47 days | 1,822 sqft |
2019-05-01 | 44 days | 1,916 sqft |
2019-06-01 | 47 days | 2,003 sqft |
2019-07-01 | 54 days | 1,994 sqft |
2019-08-01 | 58 days | 1,990 sqft |
2019-09-01 | 60 days | 1,993 sqft |
2019-10-01 | 63 days | 1,998 sqft |
2019-11-01 | 67 days | 1,992 sqft |
2019-12-01 | 77 days | 1,969 sqft |
2020-01-01 | 82 days | 1,915 sqft |
2020-02-01 | 71 days | 1,938 sqft |
2020-03-01 | 51 days | 2,008 sqft |
2020-04-01 | 58 days | 2,002 sqft |
2020-05-01 | 66 days | 2,036 sqft |
2020-06-01 | 48 days | 2,082 sqft |
2020-07-01 | 44 days | 2,108 sqft |
2020-08-01 | 41 days | 2,098 sqft |
2020-09-01 | 39 days | 2,039 sqft |
2020-10-01 | 37 days | 2,006 sqft |
2020-11-01 | 44 days | 1,980 sqft |
2020-12-01 | 57 days | 1,991 sqft |
2021-01-01 | 60 days | 1,975 sqft |
2021-02-01 | 51 days | 1,978 sqft |
2021-03-01 | 30 days | 1,954 sqft |
2021-04-01 | 23 days | 1,988 sqft |
2021-05-01 | 22 days | 1,957 sqft |
2021-06-01 | 22 days | 1,916 sqft |
2021-07-01 | 29 days | 1,893 sqft |
2021-08-01 | 29 days | 1,745 sqft |
2021-09-01 | 37 days | 1,739 sqft |
2021-10-01 | 35 days | 1,704 sqft |
2021-11-01 | 43 days | 1,739 sqft |
2021-12-01 | 50 days | 1,732 sqft |
2022-01-01 | 61 days | 1,774 sqft |
2022-02-01 | 31 days | 1,774 sqft |
2022-03-01 | 20 days | 1,733 sqft |
2022-04-01 | 15 days | 1,702 sqft |
2022-05-01 | 15 days | 1,749 sqft |
2022-06-01 | 17 days | 1,788 sqft |
2022-07-01 | 24 days | 1,792 sqft |
2022-08-01 | 32 days | 1,928 sqft |
2022-09-01 | 37 days | 1,955 sqft |
2022-10-01 | 32 days | 1,966 sqft |
2022-11-01 | 41 days | 1,936 sqft |
2022-12-01 | 55 days | 1,918 sqft |
2023-01-01 | 56 days | 1,899 sqft |
2023-02-01 | 34 days | 1,974 sqft |
2023-03-01 | 29 days | 1,968 sqft |
2023-04-01 | 21 days | 1,984 sqft |
2023-05-01 | 19 days | 2,022 sqft |
2023-06-01 | 18 days | 2,030 sqft |
2023-07-01 | 23 days | 2,032 sqft |
2023-08-01 | 37 days | 1,921 sqft |
2023-09-01 | 37 days | 1,983 sqft |
2023-10-01 | 37 days | 1,950 sqft |
2023-11-01 | 37 days | 1,929 sqft |
2023-12-01 | 45 days | 1,862 sqft |
2024-01-01 | 52 days | 1,851 sqft |
2024-02-01 | 41 days | 1,855 sqft |
2024-03-01 | 37 days | 1,844 sqft |
2024-04-01 | 30 days | 1,720 sqft |
2024-05-01 | 16 days | 1,837 sqft |
2024-06-01 | 17 days | 1,872 sqft |
2024-07-01 | 31 days | 1,785 sqft |
2024-08-01 | 33 days | 1,771 sqft |
2024-09-01 | 33 days | 1,768 sqft |
2024-10-01 | 33 days | 1,726 sqft |
2024-11-01 | 0 days | 1,704 sqft |
Hartford's median square footage for active listings during the 2024-11-01 period was 1,704 sqft. One year prior, the average listing was 1,929 sqft.