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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.