Hartford USDA Loans

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 45 lenders originated 139 USDA loans during 2021. The total origination value was $33,465,000, with an average USDA loan value of $240,755.

Hartford USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Hartford averaged 5.47% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.5% and one month ago for the week of 2022-04-08, the average rate was 4.66%.

The average rate one year ago was 3.08%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.15%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Hartford level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FIRST WORLD MORTGAGE CORPORATION 12 2.95% $7,057
PLAZA HOME MORTGAGE, INC. 9 2.99% $5,886
HOME POINT FINANCIAL CORPORATION 9 2.64% $5,947
NORWICH COMMERCIAL GROUP, INC. 8 3.11% $6,379
PRIMARY RESIDENTIAL MORTGAGE, INC. 7 3.05% $4,825
TOTAL MORTGAGE SERVICES, LLC 6 2.83% $8,310
Citizens Bank 6 3.10% $6,723
NORTHPOINT MORTGAGE, INC. 6 2.71% $6,319
FINANCE OF AMERICA MORTGAGE LLC 4 2.97% $7,233
Atlantic Home Loans, Inc. 4 2.81% $6,733
GUARANTEED RATE, INC. 4 2.59% $6,698
Paramount Residential Mortgage Group, Inc. 4 2.78% $7,033
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.03% $7,669
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 3.03% $5,403
UNITED WHOLESALE MORTGAGE, LLC 3 2.78% $6,392
CALIBER HOME LOANS, INC. 3 2.87% $5,830
Charter Oak Federal Credit Union 3 2.42% $5,557
GUARANTEED RATE AFFINITY, LLC 3 2.38% $5,972
NEWREZ LLC 3 2.71% $5,365
RESIDENTIAL MORTGAGE SERVICES, INC. 3 2.63% $5,770
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 2.88% $8,825
ACADEMY MORTGAGE CORPORATION 2 3.06% $10,243
Carrington Mortgage Services, LLC 2 3.94% $11,241
Shamrock Home Loans, Inc. 2 2.94% $4,066
Berkshire Bank 2 2.44% $6,596
MOVEMENT MORTGAGE, LLC 2 2.75% $5,691
PROVINCE MORTGAGE ASSOCIATES, INC. 2 2.75% $6,223
ALLIED MORTGAGE GROUP, INC. 1 2.75% $5,777
BAY EQUITY LLC 1 3.25% $6,084
Bank of England 1 3.38% $6,062
PNC Bank 1 3.13% $6,530
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.88% $4,709
Prosperity Home Mortgage, LLC 1 2.75% $5,921
RELIANCE FIRST CAPITAL, LLC 1 3.25% $4,568
SECURITYNATIONAL MORTGAGE COMPANY 1 3.25% $6,176
EVERETT FINANCIAL, INC. 1 3.50% $5,846
First Guaranty Mortgage Corporation 1 2.63% $5,826
FREEDOM MORTGAGE CORPORATION 1 3.13% $7,713
CROSSCOUNTRY MORTGAGE, LLC 1 3.99% $6,017
Sierra Pacific Mortgage Company, Inc. 1 2.50% $5,188
CMG MORTGAGE, INC. 1 2.99% $5,690
HARBORONE MORTGAGE, LLC 1 3.00% $7,441
CHURCHILL MORTGAGE CORPORATION 1 2.75% $11,638
Liberty Bank 1 3.13% $7,095
LOANDEPOT.COM, LLC 1 2.75% $6,159

The top Hartford USDA lender as defined by loan originations is FIRST WORLD MORTGAGE CORPORATION, with 12 USDA loans originated. Their average total fees are $7,057, which is $1,171 higher than the next largest lender, PLAZA HOME MORTGAGE, INC..

The lowest fee Hartford USDA lenders (with over 10 loans originated) are FIRST WORLD MORTGAGE CORPORATION ($7,057), .

The lowest rate Hartford USDA lenders (with over 10 loans originated) are FIRST WORLD MORTGAGE CORPORATION (2.95%), .


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 $259,900 (0.0%) $335,648 (0.2%) 0.96 4,856
2018-02-01 $259,900 (-2.8%) $334,422 (-2.3%) 0.94 4,977
2018-03-01 $269,000 (-2.2%) $335,963 (-7.0%) 0.93 5,457
2018-04-01 $269,900 (-3.3%) $337,372 (-7.5%) 0.91 5,949
2018-05-01 $273,350 (-4.7%) $339,600 (-7.0%) 0.91 6,599
2018-06-01 $278,500 (-3.8%) $342,428 (-7.1%) 0.93 6,923
2018-07-01 $274,900 (-3.5%) $339,170 (-8.4%) 0.92 7,100
2018-08-01 $269,900 (1.9%) $336,178 (-1.6%) 0.90 7,086
2018-09-01 $269,900 (1.9%) $332,721 (-2.2%) 0.90 7,064
2018-10-01 $269,900 (3.0%) $334,851 (-0.7%) 0.90 6,992
2018-11-01 $267,020 (2.7%) $335,464 (0.0%) 0.90 6,647
2018-12-01 $260,000 (0.0%) $335,723 (0.2%) 0.89 5,919
2019-01-01 $259,900 (0.0%) $335,421 (-0.1%) 0.90 5,252
2019-02-01 $264,900 (1.9%) $337,270 (0.9%) 0.89 5,260
2019-03-01 $270,900 (0.7%) $339,708 (1.1%) 0.88 5,469
2019-04-01 $274,950 (1.9%) $341,228 (1.1%) 0.87 5,718
2019-05-01 $279,900 (2.4%) $344,795 (1.5%) 0.86 6,254
2019-06-01 $284,900 (2.3%) $346,300 (1.1%) 0.88 6,453
2019-07-01 $282,450 (2.8%) $344,825 (1.7%) 0.88 6,476
2019-08-01 $279,514 (3.6%) $342,911 (2.0%) 0.88 6,356
2019-09-01 $279,064 (3.4%) $342,145 (2.8%) 0.89 6,247
2019-10-01 $279,900 (3.7%) $340,050 (1.6%) 0.89 6,178
2019-11-01 $275,000 (3.0%) $337,512 (0.6%) 0.89 5,707
2019-12-01 $274,900 (5.7%) $338,503 (0.8%) 0.92 4,836
2020-01-01 $272,350 (4.8%) $333,994 (-0.4%) 0.91 4,254
2020-02-01 $274,900 (3.8%) $335,574 (-0.5%) 0.89 4,296
2020-03-01 $284,450 (5.0%) $344,233 (1.3%) 0.89 4,615
2020-04-01 $284,950 (3.6%) $347,594 (1.9%) 0.89 4,337
2020-05-01 $293,900 (5.0%) $356,266 (3.3%) 0.89 4,182
2020-06-01 $295,000 (3.6%) $361,896 (4.5%) 0.86 4,597
2020-07-01 $299,000 (5.9%) $368,213 (6.8%) 0.86 4,576
2020-08-01 $299,000 (7.0%) $371,017 (8.2%) 0.85 4,345
2020-09-01 $299,900 (7.5%) $377,367 (10.3%) 0.86 4,307
2020-10-01 $299,900 (7.2%) $381,789 (12.3%) 0.86 4,246
2020-11-01 $299,000 (8.7%) $379,709 (12.5%) 0.86 3,915
2020-12-01 $299,900 (9.1%) $386,388 (14.2%) 0.88 3,238
2021-01-01 $299,900 (10.1%) $392,303 (17.5%) 0.88 2,588
2021-02-01 $299,900 (9.1%) $398,008 (18.6%) 0.86 2,466
2021-03-01 $300,000 (5.5%) $401,520 (16.6%) 0.84 2,557
2021-04-01 $302,500 (6.2%) $398,271 (14.6%) 0.81 2,800
2021-05-01 $309,900 (5.4%) $391,050 (9.8%) 0.82 2,996
2021-06-01 $338,000 (14.6%) $447,450 (23.6%) 0.88 1,709
2021-07-01 $339,450 (13.5%) $451,658 (22.7%) 0.88 1,834
2021-08-01 $330,000 (10.4%) $438,401 (18.2%) 0.87 1,928
2021-09-01 $334,500 (11.5%) $435,771 (15.5%) 0.88 1,875
2021-10-01 $329,900 (10.0%) $434,634 (13.8%) 0.87 1,824
2021-11-01 $339,900 (13.7%) $447,557 (17.9%) 0.90 1,502
2021-12-01 $349,000 (16.4%) $460,756 (19.3%) 0.93 1,226
2022-01-01 $349,900 (16.7%) $468,997 (19.6%) 0.93 992
2022-02-01 $364,950 (21.7%) $477,150 (19.9%) 0.93 879
2022-03-01 $354,500 (18.2%) $469,382 (16.9%) 0.88 902
2022-04-01 $349,999 (15.7%) $462,596 (16.2%) 0.82 1,019
Hartford's median listing price for 2022-04-01 was $349,999, a difference of $47,499 (15.7%) versus the prior year and $-4,501 versus the prior month.

Hartford's median listing price comes in at 82% of the national average.

Hartford's average listing price for 2022-04-01 was $462,596, a difference of $64,325 (16.2%) versus the prior year and $-6,786 versus the prior month.

For the 2022-04-01 period, Hartford had 1,019 MLS listings, a difference of 117 listings (13%) versus the prior month and -1,781 listings (-64%) 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 88 days 1,655 sqft
2018-02-01 84 days 1,658 sqft
2018-03-01 58 days 1,712 sqft
2018-04-01 53 days 1,732 sqft
2018-05-01 48 days 1,744 sqft
2018-06-01 49 days 1,770 sqft
2018-07-01 56 days 1,764 sqft
2018-08-01 63 days 1,752 sqft
2018-09-01 70 days 1,746 sqft
2018-10-01 73 days 1,749 sqft
2018-11-01 75 days 1,740 sqft
2018-12-01 85 days 1,720 sqft
2019-01-01 95 days 1,710 sqft
2019-02-01 96 days 1,717 sqft
2019-03-01 68 days 1,726 sqft
2019-04-01 50 days 1,733 sqft
2019-05-01 46 days 1,815 sqft
2019-06-01 49 days 1,912 sqft
2019-07-01 55 days 1,908 sqft
2019-08-01 63 days 1,897 sqft
2019-09-01 64 days 1,893 sqft
2019-10-01 64 days 1,907 sqft
2019-11-01 65 days 1,900 sqft
2019-12-01 78 days 1,893 sqft
2020-01-01 83 days 1,877 sqft
2020-02-01 74 days 1,862 sqft
2020-03-01 51 days 1,901 sqft
2020-04-01 56 days 1,894 sqft
2020-05-01 62 days 1,940 sqft
2020-06-01 46 days 1,938 sqft
2020-07-01 43 days 1,944 sqft
2020-08-01 44 days 1,916 sqft
2020-09-01 43 days 1,908 sqft
2020-10-01 41 days 1,888 sqft
2020-11-01 44 days 1,860 sqft
2020-12-01 54 days 1,861 sqft
2021-01-01 62 days 1,844 sqft
2021-02-01 52 days 1,847 sqft
2021-03-01 39 days 1,848 sqft
2021-04-01 32 days 1,846 sqft
2021-05-01 30 days 1,836 sqft
2021-06-01 28 days 1,898 sqft
2021-07-01 29 days 1,904 sqft
2021-08-01 33 days 1,739 sqft
2021-09-01 41 days 1,739 sqft
2021-10-01 40 days 1,704 sqft
2021-11-01 48 days 1,746 sqft
2021-12-01 59 days 1,729 sqft
2022-01-01 72 days 1,753 sqft
2022-02-01 51 days 1,759 sqft
2022-03-01 33 days 1,732 sqft
2022-04-01 20 days 1,714 sqft
Hartford's median listing age (time on market) for 2022-04-01 was 20 days. This is -38% shorter than the same period one year ago.

Hartford's median square footage for active listings during the 2022-04-01 period was 1,714 sqft. One year prior, the average listing was 1,846 sqft.