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 7 lenders originated 9 USDA loans during 2023. The total origination value was $2,345,000, with an average USDA loan value of $260,556.
Hartford USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Hartford
averaged
6.31%
for the week of 2024-11-08, compared to the national average (all USDA variants) of
6.477% for the same period.
Hartford's average USDA mortgage closing costs are $6,175.
The average rate for the prior week (2024-11-01) was
6.19% and
one month ago for the week of 2024-10-04, the
average rate was 5.91%.
The average rate one year ago was 7.55%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.51%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| NEWREZ LLC | 2 | 6.25% | $7,699 |
| FIRST WORLD MORTGAGE CORPORATION | 1 | 6.13% | $12,420 |
| LEADERONE FINANCIAL CORPORATION | 1 | 6.63% | $7,435 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.63% | $3,161 |
| NORWICH COMMERCIAL GROUP, INC. | 1 | 6.25% | $9,379 |
| PLAZA HOME MORTGAGE, INC. | 1 | 5.75% | $10,107 |
| MOVEMENT MORTGAGE, LLC | 1 | 6.63% | $5,792 |
The top Hartford USDA lender as defined by loan originations is NEWREZ LLC, with
2 USDA loans originated. Their average total fees are
$7,699, which is $4,721
lower than the next largest lender,
FIRST WORLD 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%) | $350,200 (4.8%) | 1.00 | 4,053 |
| 2018-02-01 | $268,000 (1.2%) | $349,138 (2.9%) | 0.97 | 3,980 |
| 2018-03-01 | $284,700 (4.6%) | $356,309 (-0.7%) | 1.00 | 4,184 |
| 2018-04-01 | $289,450 (5.3%) | $361,605 (-0.4%) | 0.98 | 4,373 |
| 2018-05-01 | $288,675 (2.2%) | $362,284 (-0.6%) | 0.96 | 4,806 |
| 2018-06-01 | $289,900 (1.3%) | $364,077 (-0.9%) | 0.97 | 5,130 |
| 2018-07-01 | $287,000 (2.5%) | $357,618 (-3.1%) | 0.96 | 5,446 |
| 2018-08-01 | $283,675 (1.5%) | $352,998 (-3.4%) | 0.95 | 5,441 |
| 2018-09-01 | $279,900 (0.0%) | $349,346 (-2.9%) | 0.94 | 5,530 |
| 2018-10-01 | $279,900 (1.8%) | $350,877 (-1.3%) | 0.95 | 5,448 |
| 2018-11-01 | $279,900 (1.8%) | $352,294 (-0.5%) | 0.95 | 5,185 |
| 2018-12-01 | $274,900 (1.9%) | $353,104 (0.1%) | 0.95 | 4,663 |
| 2019-01-01 | $274,475 (2.0%) | $350,874 (0.2%) | 0.95 | 4,162 |
| 2019-02-01 | $279,900 (4.4%) | $355,285 (1.8%) | 0.95 | 4,030 |
| 2019-03-01 | $286,329 (0.6%) | $360,535 (1.2%) | 0.94 | 4,061 |
| 2019-04-01 | $296,950 (2.6%) | $368,326 (1.9%) | 0.94 | 4,139 |
| 2019-05-01 | $299,900 (3.9%) | $372,559 (2.8%) | 0.94 | 4,467 |
| 2019-06-01 | $304,900 (5.2%) | $372,128 (2.2%) | 0.95 | 4,723 |
| 2019-07-01 | $299,450 (4.3%) | $367,259 (2.7%) | 0.94 | 4,894 |
| 2019-08-01 | $298,714 (5.3%) | $364,370 (3.2%) | 0.95 | 4,889 |
| 2019-09-01 | $298,284 (6.6%) | $361,891 (3.6%) | 0.95 | 4,892 |
| 2019-10-01 | $298,523 (6.7%) | $360,482 (2.7%) | 0.96 | 4,836 |
| 2019-11-01 | $290,000 (3.6%) | $358,741 (1.8%) | 0.95 | 4,409 |
| 2019-12-01 | $289,900 (5.5%) | $358,125 (1.4%) | 0.97 | 3,817 |
| 2020-01-01 | $285,000 (3.8%) | $353,031 (0.6%) | 0.95 | 3,318 |
| 2020-02-01 | $289,900 (3.6%) | $359,240 (1.1%) | 0.95 | 3,141 |
| 2020-03-01 | $307,263 (7.3%) | $375,832 (4.2%) | 0.96 | 3,117 |
| 2020-04-01 | $309,900 (4.4%) | $378,166 (2.7%) | 0.97 | 2,999 |
| 2020-05-01 | $324,900 (8.3%) | $389,756 (4.6%) | 0.99 | 2,863 |
| 2020-06-01 | $332,400 (9.0%) | $408,910 (9.9%) | 0.98 | 2,730 |
| 2020-07-01 | $343,950 (14.9%) | $423,463 (15.3%) | 1.00 | 2,500 |
| 2020-08-01 | $345,000 (15.5%) | $431,049 (18.3%) | 0.99 | 2,338 |
| 2020-09-01 | $339,900 (14.0%) | $434,073 (20.0%) | 0.97 | 2,355 |
| 2020-10-01 | $339,900 (13.9%) | $437,083 (21.3%) | 0.97 | 2,367 |
| 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 (15.2%) | $479,658 (27.6%) | 1.00 | 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%) | $434,139 (-0.7%) | 0.88 | 1,802 |
| 2021-11-01 | $337,225 (-0.8%) | $447,622 (1.7%) | 0.90 | 1,499 |
| 2021-12-01 | $346,425 (1.9%) | $461,254 (3.1%) | 0.94 | 1,217 |
| 2022-01-01 | $349,900 (1.8%) | $468,276 (3.3%) | 0.95 | 992 |
| 2022-02-01 | $362,450 (2.8%) | $479,096 (1.1%) | 0.94 | 871 |
| 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 (16.9%) | 0.88 | 1,336 |
| 2022-11-01 | $372,400 (10.4%) | $508,994 (13.7%) | 0.90 | 1,263 |
| 2022-12-01 | $365,000 (5.4%) | $515,700 (11.8%) | 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 | $424,900 (17.2%) | $595,796 (25.6%) | 0.96 | 883 |
| 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 |
| 2023-09-01 | $399,900 (7.4%) | $535,399 (7.7%) | 0.93 | 1,100 |
| 2023-10-01 | $399,900 (6.6%) | $546,007 (7.6%) | 0.94 | 1,106 |
| 2023-11-01 | $398,450 (7.0%) | $530,059 (4.1%) | 0.95 | 1,125 |
| 2023-12-01 | $389,900 (6.8%) | $527,341 (2.3%) | 0.95 | 903 |
| 2024-01-01 | $393,700 (5.7%) | $527,057 (0.2%) | 0.96 | 808 |
| 2024-02-01 | $399,900 (0.9%) | $535,984 (-4.0%) | 0.96 | 773 |
| 2024-03-01 | $399,900 (-0.7%) | $524,761 (-9.0%) | 0.94 | 794 |
| 2024-04-01 | $406,125 (1.6%) | $537,279 (-5.4%) | 0.94 | 858 |
| 2024-05-01 | $446,725 (5.1%) | $570,191 (-4.3%) | 1.01 | 924 |
| 2024-06-01 | $449,900 (3.6%) | $583,246 (-0.9%) | 1.01 | 1,043 |
| 2024-07-01 | $420,000 (-3.5%) | $552,293 (-5.5%) | 0.96 | 1,093 |
| 2024-08-01 | $415,000 (3.8%) | $557,726 (4.4%) | 0.97 | 1,143 |
| 2024-09-01 | $412,400 (3.1%) | $563,691 (5.3%) | 0.97 | 1,249 |
| 2024-10-01 | $399,900 (0.0%) | $550,182 (0.8%) | 0.94 | 1,249 |
Hartford's median listing price comes in at 94% of the national average.
Hartford's average listing price for 2024-10-01 was $550,182, a difference of $4,175 (0.8%) versus the prior year and $-13,509 versus the prior month.
For the 2024-10-01 period, Hartford had 1,249 MLS listings, a difference of 0 listings (0%) versus the prior month and 143 listings (13%) 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 | 1,755 sqft |
| 2018-02-01 | 80 days | 1,743 sqft |
| 2018-03-01 | 57 days | 1,802 sqft |
| 2018-04-01 | 52 days | 1,822 sqft |
| 2018-05-01 | 47 days | 1,826 sqft |
| 2018-06-01 | 49 days | 1,845 sqft |
| 2018-07-01 | 54 days | 1,825 sqft |
| 2018-08-01 | 61 days | 1,803 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 | 1,783 sqft |
| 2019-01-01 | 88 days | 1,783 sqft |
| 2019-02-01 | 86 days | 1,800 sqft |
| 2019-03-01 | 68 days | 1,805 sqft |
| 2019-04-01 | 47 days | 1,822 sqft |
| 2019-05-01 | 44 days | 1,916 sqft |
| 2019-06-01 | 47 days | 2,003 sqft |
| 2019-07-01 | 54 days | 1,994 sqft |
| 2019-08-01 | 58 days | 1,990 sqft |
| 2019-09-01 | 60 days | 1,993 sqft |
| 2019-10-01 | 63 days | 1,998 sqft |
| 2019-11-01 | 67 days | 1,992 sqft |
| 2019-12-01 | 77 days | 1,969 sqft |
| 2020-01-01 | 82 days | 1,915 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 | 2,098 sqft |
| 2020-09-01 | 39 days | 2,039 sqft |
| 2020-10-01 | 37 days | 2,006 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 | 1,774 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 |
| 2023-09-01 | 37 days | 1,983 sqft |
| 2023-10-01 | 37 days | 1,950 sqft |
| 2023-11-01 | 37 days | 1,929 sqft |
| 2023-12-01 | 45 days | 1,862 sqft |
| 2024-01-01 | 52 days | 1,851 sqft |
| 2024-02-01 | 41 days | 1,855 sqft |
| 2024-03-01 | 37 days | 1,844 sqft |
| 2024-04-01 | 30 days | 1,720 sqft |
| 2024-05-01 | 16 days | 1,837 sqft |
| 2024-06-01 | 17 days | 1,872 sqft |
| 2024-07-01 | 31 days | 1,785 sqft |
| 2024-08-01 | 33 days | 1,771 sqft |
| 2024-09-01 | 33 days | 1,768 sqft |
| 2024-10-01 | 33 days | 1,726 sqft |
Hartford's median square footage for active listings during the 2024-10-01 period was 1,726 sqft. One year prior, the average listing was 1,950 sqft.