Hartford USDA Loan Rates, Closing Costs & Stats

HARTFORD-EAST HARTFORD-MIDDLETOWN, CT

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 6.22% for the week of 2023-03-17, compared to the national average (all USDA variants) of 6.497% for the same period.

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

    The average rate for the prior week (2023-03-10) was 6.44% and one month ago for the week of 2023-02-10, the average rate was 5.81%.

    The average rate one year ago was 3.59%.

    For refis of the same type during the week of 2023-03-17, the average rate was 5.04%.

    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 $269,125 (3.7%) $350,270 (4.8%) 1.00 4,054
    2018-02-01 $268,250 (1.3%) $349,208 (2.9%) 0.97 3,981
    2018-03-01 $284,900 (4.7%) $356,531 (-0.7%) 1.00 4,186
    2018-04-01 $289,450 (5.3%) $361,838 (-0.3%) 0.98 4,374
    2018-05-01 $288,800 (2.3%) $362,479 (-0.5%) 0.96 4,809
    2018-06-01 $289,900 (1.3%) $364,263 (-0.9%) 0.97 5,133
    2018-07-01 $287,157 (2.6%) $357,794 (-3.0%) 0.96 5,449
    2018-08-01 $284,250 (1.7%) $353,174 (-3.3%) 0.95 5,444
    2018-09-01 $279,900 (0.0%) $349,494 (-2.9%) 0.94 5,532
    2018-10-01 $279,900 (1.8%) $351,026 (-1.3%) 0.95 5,450
    2018-11-01 $279,900 (1.8%) $352,435 (-0.5%) 0.95 5,186
    2018-12-01 $274,900 (1.9%) $353,265 (0.2%) 0.95 4,664
    2019-01-01 $274,588 (2.0%) $351,044 (0.2%) 0.95 4,163
    2019-02-01 $279,900 (4.3%) $355,454 (1.8%) 0.95 4,031
    2019-03-01 $286,329 (0.5%) $360,632 (1.2%) 0.94 4,063
    2019-04-01 $296,950 (2.6%) $368,322 (1.8%) 0.94 4,143
    2019-05-01 $299,900 (3.8%) $372,559 (2.8%) 0.94 4,467
    2019-06-01 $304,900 (5.2%) $372,159 (2.2%) 0.95 4,723
    2019-07-01 $299,450 (4.3%) $367,244 (2.6%) 0.94 4,895
    2019-08-01 $298,700 (5.1%) $364,355 (3.2%) 0.94 4,890
    2019-09-01 $298,250 (6.6%) $361,876 (3.5%) 0.95 4,893
    2019-10-01 $298,500 (6.7%) $360,467 (2.7%) 0.96 4,837
    2019-11-01 $290,000 (3.6%) $358,723 (1.8%) 0.95 4,410
    2019-12-01 $289,900 (5.5%) $358,106 (1.4%) 0.97 3,818
    2020-01-01 $285,000 (3.8%) $353,011 (0.6%) 0.95 3,319
    2020-02-01 $289,900 (3.6%) $359,217 (1.1%) 0.94 3,142
    2020-03-01 $307,138 (7.3%) $375,832 (4.2%) 0.96 3,116
    2020-04-01 $309,900 (4.4%) $378,161 (2.7%) 0.97 2,998
    2020-05-01 $324,900 (8.3%) $389,755 (4.6%) 0.99 2,862
    2020-06-01 $332,400 (9.0%) $408,916 (9.9%) 0.98 2,729
    2020-07-01 $343,975 (14.9%) $423,465 (15.3%) 1.00 2,501
    2020-08-01 $345,000 (15.5%) $431,049 (18.3%) 0.99 2,339
    2020-09-01 $339,900 (14.0%) $434,079 (20.0%) 0.97 2,355
    2020-10-01 $339,900 (13.9%) $437,089 (21.3%) 0.97 2,366
    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%) 1.02 1,265
    2021-03-01 $354,100 (15.3%) $479,744 (27.7%) 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%) 0.92 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%) $434,077 (-0.7%) 0.88 1,802
    2021-11-01 $337,225 (-0.8%) $447,622 (1.7%) 0.90 1,499
    2021-12-01 $345,350 (1.6%) $460,466 (2.9%) 0.93 1,216
    2022-01-01 $349,900 (1.8%) $468,276 (3.3%) 0.95 992
    2022-02-01 $362,425 (2.8%) $478,934 (1.1%) 0.94 870
    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 (17.0%) 0.88 1,336
    2022-11-01 $372,400 (10.4%) $508,994 (13.7%) 0.89 1,263
    2022-12-01 $365,000 (5.7%) $515,700 (12.0%) 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
    Hartford's median listing price for 2023-02-01 was $396,400, a difference of $33,975 (9.4%) versus the prior year and $23,900 versus the prior month.

    Hartford's median listing price comes in at 96% of the national average.

    Hartford's average listing price for 2023-02-01 was $558,024, a difference of $79,090 (16.5%) versus the prior year and $32,052 versus the prior month.

    For the 2023-02-01 period, Hartford had 794 MLS listings, a difference of -57 listings (-7%) versus the prior month and -76 listings (-9%) 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 92 days 1,748 sqft
    2018-02-01 87 days 1,738 sqft
    2018-03-01 63 days 1,800 sqft
    2018-04-01 57 days 1,821 sqft
    2018-05-01 52 days 1,826 sqft
    2018-06-01 53 days 1,843 sqft
    2018-07-01 58 days 1,825 sqft
    2018-08-01 65 days 1,803 sqft
    2018-09-01 71 days 1,800 sqft
    2018-10-01 75 days 1,800 sqft
    2018-11-01 77 days 1,800 sqft
    2018-12-01 86 days 1,782 sqft
    2019-01-01 95 days 1,783 sqft
    2019-02-01 95 days 1,800 sqft
    2019-03-01 78 days 1,806 sqft
    2019-04-01 52 days 1,823 sqft
    2019-05-01 47 days 1,916 sqft
    2019-06-01 50 days 2,002 sqft
    2019-07-01 58 days 1,994 sqft
    2019-08-01 61 days 1,990 sqft
    2019-09-01 64 days 1,992 sqft
    2019-10-01 67 days 1,997 sqft
    2019-11-01 71 days 1,992 sqft
    2019-12-01 83 days 1,968 sqft
    2020-01-01 88 days 1,914 sqft
    2020-02-01 80 days 1,938 sqft
    2020-03-01 54 days 2,008 sqft
    2020-04-01 62 days 2,002 sqft
    2020-05-01 70 days 2,036 sqft
    2020-06-01 55 days 2,082 sqft
    2020-07-01 49 days 2,108 sqft
    2020-08-01 46 days 2,100 sqft
    2020-09-01 43 days 2,039 sqft
    2020-10-01 40 days 2,007 sqft
    2020-11-01 48 days 1,980 sqft
    2020-12-01 62 days 1,991 sqft
    2021-01-01 67 days 1,975 sqft
    2021-02-01 58 days 1,978 sqft
    2021-03-01 38 days 1,954 sqft
    2021-04-01 28 days 1,988 sqft
    2021-05-01 23 days 1,957 sqft
    2021-06-01 24 days 1,916 sqft
    2021-07-01 30 days 1,893 sqft
    2021-08-01 31 days 1,745 sqft
    2021-09-01 39 days 1,739 sqft
    2021-10-01 37 days 1,704 sqft
    2021-11-01 46 days 1,739 sqft
    2021-12-01 55 days 1,732 sqft
    2022-01-01 68 days 1,774 sqft
    2022-02-01 42 days 1,773 sqft
    2022-03-01 26 days 1,733 sqft
    2022-04-01 16 days 1,702 sqft
    2022-05-01 16 days 1,749 sqft
    2022-06-01 18 days 1,788 sqft
    2022-07-01 25 days 1,792 sqft
    2022-08-01 35 days 1,928 sqft
    2022-09-01 39 days 1,955 sqft
    2022-10-01 35 days 1,966 sqft
    2022-11-01 45 days 1,936 sqft
    2022-12-01 59 days 1,918 sqft
    2023-01-01 63 days 1,899 sqft
    2023-02-01 40 days 1,974 sqft
    Hartford's median listing age (time on market) for 2023-02-01 was 40 days. This is -5% shorter than the same period one year ago.

    Hartford's median square footage for active listings during the 2023-02-01 period was 1,974 sqft. One year prior, the average listing was 1,773 sqft.