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
6.61%
for the week of 2023-09-15, compared to the national average (all USDA variants) of
6.982% for the same period.
Hartford's average USDA mortgage closing costs are $6,161.
The average rate for the prior week (2023-09-08) was
6.5% and
one month ago for the week of 2023-08-11, the
average rate was 6.53%.
The average rate one year ago was 5.15%.
For refis of the same type during the week of 2023-09-15, the average rate
was 5.22%.
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.
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $269,000 (3.7%) | $350,237 (4.8%) | 1.00 | 4,055 |
2018-02-01 | $268,125 (1.2%) | $349,176 (2.9%) | 0.97 | 3,982 |
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 (2.1%) | $351,044 (0.2%) | 0.95 | 4,163 |
2019-02-01 | $279,900 (4.4%) | $355,454 (1.8%) | 0.95 | 4,031 |
2019-03-01 | $286,329 (0.5%) | $360,632 (1.2%) | 0.94 | 4,061 |
2019-04-01 | $296,950 (2.6%) | $368,326 (1.8%) | 0.94 | 4,139 |
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%) | 0.95 | 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%) | 0.95 | 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%) | 1.03 | 1,265 |
2021-03-01 | $354,100 (15.3%) | $479,744 (27.7%) | 1.01 | 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%) | $434,077 (-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%) | 0.94 | 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%) | 0.90 | 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 |
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 | $424,925 (17.2%) | $595,993 (25.6%) | 0.96 | 882 |
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 |
Hartford's median listing price comes in at 92% of the national average.
Hartford's average listing price for 2023-08-01 was $534,493, a difference of $45,965 (9.4%) versus the prior year and $-49,801 versus the prior month.
For the 2023-08-01 period, Hartford had 1,043 MLS listings, a difference of 31 listings (3%) versus the prior month and -418 listings (-29%) 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 | 1,749 sqft |
2018-02-01 | 80 days | 1,739 sqft |
2018-03-01 | 57 days | 1,800 sqft |
2018-04-01 | 52 days | 1,822 sqft |
2018-05-01 | 47 days | 1,826 sqft |
2018-06-01 | 49 days | 1,844 sqft |
2018-07-01 | 54 days | 1,825 sqft |
2018-08-01 | 61 days | 1,804 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 | 1,784 sqft |
2019-01-01 | 88 days | 1,783 sqft |
2019-02-01 | 86 days | 1,800 sqft |
2019-03-01 | 68 days | 1,806 sqft |
2019-04-01 | 47 days | 1,824 sqft |
2019-05-01 | 44 days | 1,916 sqft |
2019-06-01 | 47 days | 2,002 sqft |
2019-07-01 | 54 days | 1,994 sqft |
2019-08-01 | 58 days | 1,990 sqft |
2019-09-01 | 60 days | 1,992 sqft |
2019-10-01 | 63 days | 1,997 sqft |
2019-11-01 | 67 days | 1,992 sqft |
2019-12-01 | 77 days | 1,968 sqft |
2020-01-01 | 82 days | 1,914 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 | 2,100 sqft |
2020-09-01 | 39 days | 2,039 sqft |
2020-10-01 | 37 days | 2,007 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 | 1,773 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 |
Hartford's median square footage for active listings during the 2023-08-01 period was 1,921 sqft. One year prior, the average listing was 1,928 sqft.