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%.

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%) $350,237 (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 for 2023-08-01 was $399,900, a difference of $26,225 (7.0%) versus the prior year and $-35,100 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2023-08-01 was 37 days. This is 16% longer than the same period one year ago.

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.