Hartford USDA Loan Rates, Closing Costs & Stats

HARTFORD-EAST HARTFORD-MIDDLETOWN, CT

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Hartford's 26 lenders originated 50 USDA loans during 2022. The total origination value was $12,830,000, with an average USDA loan value of $256,600.

Hartford USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Hartford averaged -0.17% for the week of 2024-02-23, compared to the national average (all USDA variants) of 0% for the same period.

Hartford's average USDA mortgage closing costs are $6,161.

The average rate for the prior week (2024-02-16) was 6.51% and one month ago for the week of 2024-01-19, the average rate was 6.19%.

The average rate one year ago was 6.09%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.46%.

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

Hartford USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Hartford level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FIRST WORLD MORTGAGE CORPORATION 5 4.03% $8,325
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 4.73% $6,060
PLAZA HOME MORTGAGE, INC. 4 5.50% $6,140
UNITED WHOLESALE MORTGAGE, LLC 4 4.41% $9,711
Paramount Residential Mortgage Group, Inc. 3 3.38% $10,917
MOVEMENT MORTGAGE, LLC 3 4.08% $2,605
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.49% $9,951
NORWICH COMMERCIAL GROUP, INC. 2 4.31% $6,701
EVERETT FINANCIAL, INC. 2 5.81% $5,632
NORTHPOINT MORTGAGE, INC. 2 4.38% $7,983
Bank of England 2 6.00% $9,850
LEADERONE FINANCIAL CORPORATION 2 4.88% $8,589
Waterstone Mortgage Corporation 1 3.75% $5,662
ALLIED MORTGAGE GROUP, INC. 1 6.63% $8,066
WILLIAM RAVEIS MORTGAGE, LLC 1 4.00% $5,969
AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $9,200
CALIBER HOME LOANS, INC. 1 3.50% $8,843
ENVOY MORTGAGE, LTD 1 4.63% $8,976
Equity Prime Mortgage LLC 1 5.63% $4,096
GUARANTEED RATE, INC. 1 4.25% $6,405
HOME POINT FINANCIAL CORPORATION 1 5.13% $10,701
INLAND BANK & TRUST 1 4.63% $8,624
Liberty Bank 1 3.13% $7,173
Nations Lending Corporation 1 4.75% $4,042
OCEANSIDE MORTGAGE COMPANY 1 3.25% $1,435
TOTAL MORTGAGE SERVICES, LLC 1 4.25% $7,721

The top Hartford USDA lender as defined by loan originations is FIRST WORLD MORTGAGE CORPORATION, with 5 USDA loans originated. Their average total fees are $8,325, which is $2,266 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Hartford USDA lenders (with over 10 loans originated) are .

The lowest rate Hartford USDA lenders (with over 10 loans originated) are .


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
Hartford's median listing price for 2023-12-01 was $389,900, a difference of $24,900 (6.8%) versus the prior year and $-8,550 versus the prior month.

Hartford's median listing price comes in at 95% of the national average.

Hartford's average listing price for 2023-12-01 was $527,341, a difference of $11,641 (2.3%) versus the prior year and $-2,718 versus the prior month.

For the 2023-12-01 period, Hartford had 903 MLS listings, a difference of -222 listings (-20%) versus the prior month and -156 listings (-15%) 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 1,801 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
Hartford's median listing age (time on market) for 2023-12-01 was 45 days. This is -18% shorter than the same period one year ago.

Hartford's median square footage for active listings during the 2023-12-01 period was 1,862 sqft. One year prior, the average listing was 1,918 sqft.