Hartford FHA Loan Rates, Closing Costs & Stats

HARTFORD-EAST HARTFORD-MIDDLETOWN, CT

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    • 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 6.61% for the week of 2024-04-19, compared to the national average (all FHA variants) of 6.855% for the same period.

    Hartford's average FHA mortgage closing costs are $8,341.

    The average rate for the prior week (2024-04-12) was 6.8% and one month ago for the week of 2024-03-15, the average rate was 6.67%.

    The average rate one year ago was 6.1%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.91%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 253 6.30% $11,443
    FIRST WORLD MORTGAGE CORPORATION 251 6.29% $9,778
    UNITED WHOLESALE MORTGAGE, LLC 154 6.38% $13,521
    MOVEMENT MORTGAGE, LLC 124 6.50% $11,359
    TOTAL MORTGAGE SERVICES, LLC 98 6.55% $11,469
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 82 6.61% $11,906
    NORWICH COMMERCIAL GROUP, INC. 74 6.32% $10,650
    LOANDEPOT.COM, LLC 52 6.50% $12,609
    NEWREZ LLC 51 6.63% $12,006
    GUARANTEED RATE, INC. 48 6.58% $12,028
    Prosperity Home Mortgage, LLC 44 6.45% $10,365
    Carrington Mortgage Services, LLC 41 6.49% $13,252
    CROSSCOUNTRY MORTGAGE, LLC 40 6.69% $13,739
    Mr. Cooper ( Nationstar Mortgage ) 37 6.08% $15,619
    PLAZA HOME MORTGAGE, INC. 36 6.73% $13,791
    FREEDOM MORTGAGE CORPORATION 33 6.85% $14,783
    PENNYMAC LOAN SERVICES, LLC 32 6.26% $12,986
    Paramount Residential Mortgage Group, Inc. 30 6.87% $11,576
    GUILD MORTGAGE COMPANY 26 6.44% $10,429
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 24 6.57% $12,616
    BROKER SOLUTIONS, INC. 21 6.99% $11,798
    WILLIAM RAVEIS MORTGAGE, LLC 19 6.25% $10,314
    HOMEBRIDGE FINANCIAL SERVICES, INC. 19 6.03% $10,129
    ENVOY MORTGAGE, LTD 18 6.24% $10,036
    AMERISAVE MORTGAGE CORPORATION 18 5.81% $16,283
    Citizens Bank 18 6.64% $13,471
    NORTHPOINT MORTGAGE, INC. 16 6.45% $10,460
    PROVINCE MORTGAGE ASSOCIATES, INC. 15 6.78% $11,476
    CARDINAL FINANCIAL 14 6.07% $13,910
    LEADERONE FINANCIAL CORPORATION 14 6.74% $12,900
    Equity Prime Mortgage LLC 12 7.02% $14,701
    MORTGAGE EQUITY PARTNERS LLC 12 6.88% $11,859
    M&T Bank 12 6.40% $10,848
    Liberty Bank 12 6.03% $7,800
    HOMESTEAD FUNDING CORP. 11 6.28% $11,492
    Flagstar Bank, FSB 11 6.40% $11,072
    BAY EQUITY LLC 10 6.46% $10,489
    MUTUAL OF OMAHA MORTGAGE, INC. 10 6.68% $14,883
    CMG MORTGAGE, INC. 10 7.06% $13,696
    EVERETT FINANCIAL, INC. 9 6.72% $14,398
    Bank of England 9 6.49% $13,167
    ALLIED MORTGAGE GROUP, INC. 9 5.97% $12,146
    AMERICAN FINANCIAL NETWORK, INC. 9 6.57% $16,035
    Evolve Bank & Trust 8 6.44% $11,843
    EMM LOANS LLC 8 6.28% $11,100
    U.S. Bank 7 6.80% $10,250
    ACADEMY MORTGAGE CORPORATION 7 7.02% $12,670
    INTERSTATE HOME LOAN CENTER, INC. 7 6.57% $13,817
    POLARIS HOME FUNDING CORP. 7 6.63% $13,169
    SUN WEST MORTGAGE COMPANY, INC. 7 6.36% $11,754
    PRIMARY RESIDENTIAL MORTGAGE, INC. 6 6.92% $14,440
    Century Mortgage Company DBA Century Lending Company 6 6.81% $12,891
    RELIANCE FIRST CAPITAL, LLC 6 6.58% $14,237
    Plains Commerce Bank 6 6.29% $16,380
    Semper Home Loans, Inc. 6 6.40% $12,171
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 7.00% $16,999
    First Federal Bank 6 6.56% $12,966
    T2 FINANCIAL LLC 6 7.25% $14,983
    The Federal Savings Bank 5 6.33% $13,805
    PLANET HOME LENDING, LLC 5 6.35% $10,591
    Mortgage Research Center, LLC 5 7.50% $7,208
    ZILLOW HOME LOANS, LLC 5 5.98% $14,350
    NATIONWIDE MORTGAGE BANKERS, INC. 5 6.50% $21,880
    AMERICAN FINANCIAL RESOURCES, INC. 5 6.55% $16,270
    LAKEVIEW LOAN SERVICING, LLC 5 6.00% $11,315
    LOANPAL, LLC 5 5.70% $12,813
    RESIDENTIAL BANCORP 4 6.94% $13,463
    Magnolia Bank 4 6.34% $17,282
    The Washington Trust Company, of Westerly 4 6.09% $9,291
    Waterstone Mortgage Corporation 4 6.88% $13,326
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 4 6.34% $17,450
    NATIONS DIRECT MORTGAGE, LLC 3 7.13% $17,365
    Barrington Bank & Trust Company, N.A. 3 6.42% $8,252
    CONTOUR MORTGAGE CORPORATION 3 6.29% $16,474
    East Coast Capital Corp. 3 6.38% $18,250
    EMBRACE HOME LOANS, INC. 3 6.25% $11,634
    FIRST MORTGAGE COMPANY, INC. 3 6.62% $17,519
    Keystone Funding, Inc. 3 6.25% $14,274
    NBKC BANK 3 6.38% $8,793
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.54% $14,359
    Webster Bank 3 6.21% $8,175
    Lakeview Community Capital, LLC 2 6.13% $11,878
    JPMorgan Chase Bank 2 7.25% $6,075
    BETTER MORTGAGE CORPORATION 2 5.81% $20,916
    Shamrock Home Loans, Inc. 2 7.56% $11,693
    Hometown Equity Mortgage, LLC 2 7.44% $14,273
    Berkshire Bank 2 5.94% $9,221
    EQUITY RESOURCES, INC. 2 6.75% $14,540
    TD Bank 2 6.19% $7,025
    BAYCOAST MORTGAGE COMPANY, LLC 2 5.81% $9,867
    GUARANTEED RATE AFFINITY, LLC 2 6.50% $10,795
    Bangor Savings Bank 2 6.75% $8,619
    Thomaston Savings Bank 2 6.56% $10,559
    TOP FLITE FINANCIAL, INC. 2 6.75% $14,813
    Wells Fargo Bank 2 6.38% $5,882
    UNION HOME MORTGAGE CORP. 2 7.19% $11,488
    AMERICAN EAGLE FINANCIAL CREDIT UNION 2 7.06% $8,627
    AmeriHome Mortgage Company, LLC 2 6.19% $10,683
    HOMESIDE FINANCIAL, LLC 2 6.49% $13,237
    CHURCHILL MORTGAGE CORPORATION 2 6.25% $13,034
    VILLAGE CAPITAL MORTGAGE 2 5.82% $12,868
    AMERICAN FINANCING CORPORATION 2 6.50% $10,124
    OCMBC, INC. 2 7.75% $9,213
    CANOPY MORTGAGE, LLC 2 6.31% $12,879
    LENDING CAPITAL GROUP Inc 2 6.88% $15,916
    GENEVA FINANCIAL, LLC 2 7.38% $9,969
    The Huntington National Bank 1 6.63% $13,011
    AmRes Corporation 1 7.00% $13,011
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 6.13% $13,501
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.38% $12,328
    US MORTGAGE CORPORATION 1 6.75% $18,738
    Allied First Bank,sb 1 7.25% $13,022
    MLB RESIDENTIAL LENDING, LLC 1 6.50% $9,305
    MORTGAGE 1 INCORPORATED 1 6.88% $11,632
    LIBERTY HOME MORTGAGE CORPORATION 1 7.88% $21,680
    MID AMERICA MORTGAGE, INC. 1 7.75% $10,189
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.63% $13,840
    JET DIRECT FUNDING CORP 1 7.25% $13,063
    ABSOLUTE HOME MORTGAGE CORPORATION 1 6.99% $14,837
    NATIONS RELIABLE LENDING, LLC 1 7.25% $17,672
    Newtown Savings Bank 1 6.00% $11,456
    NFM, INC. 1 7.75% $13,511
    NJ LENDERS CORP. 1 6.63% $8,850
    Northpointe Bank 1 6.25% $11,754
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.50% $8,969
    OCEANSIDE MORTGAGE COMPANY 1 5.63% $5,788
    PANORAMA MORTGAGE GROUP, LLC 1 7.49% $13,626
    FM Home Loans, LLC 1 5.13% $19,656
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 5.75% $11,938
    Financial Funding Solutions, Inc. 1 6.99% $10,449
    CONTINENTAL MORTGAGE BANKERS, INC. 1 6.38% $15,950
    CLIFFCO, INC. 1 6.63% $17,672
    Princeton Mortgage Corporation 1 6.75% $17,145
    Centreville Bank 1 7.00% $14,459
    RADIUS FINANCIAL GROUP INC. 1 7.75% $10,069
    CALIBER HOME LOANS, INC. 1 6.75% $12,578
    CALCON MUTUAL MORTGAGE LLC 1 6.00% $20,595
    RESIDENTIAL HOME FUNDING CORP. 1 6.50% $11,758
    SUMMIT FUNDING, INC. 1 6.13% $21,784
    BAY-VALLEY MORTGAGE GROUP 1 6.63% $17,300

    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. Louis
    Date 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
    Hartford's median listing price for 2024-03-01 was $399,900, a difference of $-3,000 (-0.7%) versus the prior year and $0 versus the prior month.

    Hartford's median listing price comes in at 94% of the national average.

    Hartford's average listing price for 2024-03-01 was $524,761, a difference of $-51,724 (-9.0%) versus the prior year and $-11,223 versus the prior month.

    For the 2024-03-01 period, Hartford had 794 MLS listings, a difference of 21 listings (3%) versus the prior month and 46 listings (6%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hartford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date 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
    Hartford's median listing age (time on market) for 2024-03-01 was 37 days. This is 28% longer than the same period one year ago.

    Hartford's median square footage for active listings during the 2024-03-01 period was 1,844 sqft. One year prior, the average listing was 1,968 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).