Hartford USDA Loans

HARTFORD-EAST HARTFORD-MIDDLETOWN, CT

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    • 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.