Hartford USDA Loan Rates, Closing Costs & Stats

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 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 6.34% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Hartford's average USDA mortgage closing costs are $6,175.

    The average rate for the prior week (2024-12-06) was 6.08% and one month ago for the week of 2024-11-08, the average rate was 6.19%.

    The average rate one year ago was 6.76%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.04%.

    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 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
    2024-11-01 $399,000 (0.1%) $538,792 (1.7%) 0.96 1,170
    Hartford's median listing price for 2024-11-01 was $399,000, a difference of $550 (0.1%) versus the prior year and $-900 versus the prior month.

    Hartford's median listing price comes in at 96% of the national average.

    Hartford's average listing price for 2024-11-01 was $538,792, a difference of $8,733 (1.7%) versus the prior year and $-11,390 versus the prior month.

    For the 2024-11-01 period, Hartford had 1,170 MLS listings, a difference of -79 listings (-6%) versus the prior month and 45 listings (4%) 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
    2024-11-01 40 days 1,704 sqft
    Hartford's median listing age (time on market) for 2024-11-01 was 40 days. This is 8% longer than the same period one year ago.

    Hartford's median square footage for active listings during the 2024-11-01 period was 1,704 sqft. One year prior, the average listing was 1,929 sqft.