Hartford VA Loan Rates, Closing Costs & Stats

HARTFORD-EAST HARTFORD-MIDDLETOWN, CT

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Hartford's 72 lenders originated 586 VA loans during 2023. The total origination value was $206,370,000, with an average VA loan value of $352,167.

    Hartford VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Hartford averaged 6.31% for the week of 2024-10-25, compared to the national average (all VA variants) of 6.14% for the same period.

    Hartford's average VA mortgage closing costs are $6,630.

    The average rate for the prior week (2024-10-18) was 5.92% and one month ago for the week of 2024-09-20, the average rate was 5.52%.

    The average rate one year ago was 7.34%.

    For refis of the same type during the week of 2024-10-25, the average rate was 6.41%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Hartford VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 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
    Mortgage Research Center, LLC 148 6.82% $9,027
    NAVY FEDERAL CREDIT UNION 46 5.88% $7,476
    QUICKEN LOANS, LLC 37 6.16% $13,917
    MOVEMENT MORTGAGE, LLC 31 6.33% $7,765
    UNITED WHOLESALE MORTGAGE, LLC 26 6.29% $10,611
    USAA Federal Savings Bank 19 6.09% $10,209
    FREEDOM MORTGAGE CORPORATION 16 6.60% $17,419
    The Federal Savings Bank 14 6.33% $17,298
    NEW DAY FINANCIAL, LLC 12 7.52% $15,728
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 6.60% $9,999
    LOANDEPOT.COM, LLC 11 6.21% $13,725
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 11 6.22% $11,088
    PENNYMAC LOAN SERVICES, LLC 10 5.44% $9,156
    TOTAL MORTGAGE SERVICES, LLC 10 6.56% $11,593
    NEWREZ LLC 9 6.47% $11,204
    Prosperity Home Mortgage, LLC 8 6.20% $7,175
    FIRST WORLD MORTGAGE CORPORATION 8 6.06% $12,043
    HOMEBRIDGE FINANCIAL SERVICES, INC. 7 6.79% $9,131
    NORWICH COMMERCIAL GROUP, INC. 7 6.23% $7,759
    GUARANTEED RATE, INC. 7 6.24% $8,500
    Mr. Cooper ( Nationstar Mortgage ) 5 5.75% $16,605
    PROVINCE MORTGAGE ASSOCIATES, INC. 5 6.90% $10,373
    AMERISAVE MORTGAGE CORPORATION 5 5.68% $29,674
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 6.44% $11,159
    ENVOY MORTGAGE, LTD 4 6.53% $22,694
    T2 FINANCIAL LLC 4 6.81% $10,488
    BROKER SOLUTIONS, INC. 4 6.63% $13,257
    GUARANTEED RATE AFFINITY, LLC 4 5.71% $8,484
    PLAZA HOME MORTGAGE, INC. 4 6.72% $15,396
    CROSSCOUNTRY MORTGAGE, LLC 4 6.47% $5,431
    MORTGAGE EQUITY PARTNERS LLC 3 5.92% $14,089
    Citizens Bank 3 6.38% $14,277
    CMG MORTGAGE, INC. 3 6.17% $4,033
    PENTAGON FEDERAL CREDIT UNION 3 6.13% $8,968
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.08% $19,031
    PLANET HOME LENDING, LLC 2 6.00% $7,995
    Barrington Bank & Trust Company, N.A. 2 6.38% $8,443
    CARDINAL FINANCIAL 2 6.00% $21,610
    Equity Prime Mortgage LLC 2 6.56% $17,994
    Flagstar Bank, FSB 2 6.69% $14,187
    Lakeview Community Capital, LLC 2 6.69% $9,115
    NBKC BANK 2 6.06% $3,266
    Paramount Residential Mortgage Group, Inc. 2 5.75% $9,336
    PHH Mortgage Corporation 2 6.56% $16,997
    U.S. Bank 2 5.31% $17,798
    Waterstone Mortgage Corporation 2 6.81% $11,905
    Wells Fargo Bank 2 6.25% $12,739
    Leader Bank 1 6.25% $9,694
    BAY EQUITY LLC 1 6.50% $13,558
    KeyBank 1 6.38% $4,154
    HOMESTEAD FUNDING CORP. 1 6.13% $7,538
    Armed Forces Bank 1 7.25% $4,599
    Plains Commerce Bank 1 5.25% $9,348
    ABSOLUTE HOME MORTGAGE CORPORATION 1 6.63% $8,968
    GUILD MORTGAGE COMPANY 1 7.00% $17,856
    POLARIS HOME FUNDING CORP. 1 6.13% $16,091
    FM Home Loans, LLC 1 5.63% $9,136
    Evolve Bank & Trust 1 5.75% $10,126
    EVERETT FINANCIAL, INC. 1 7.50% $7,788
    RESIDENTIAL HOME FUNDING CORP. 1 5.63% $7,194
    Semper Home Loans, Inc. 1 5.63% $22,962
    Capital Bank 1 6.63% $16,706
    TD Bank 1 6.13% $9,337
    CALIBER HOME LOANS, INC. 1 6.25% $10,515
    TJC Mortgage, Inc. 1 5.25% $23,799
    CALCON MUTUAL MORTGAGE LLC 1 7.00% $10,023
    Nations Lending Corporation 1 6.25% $9,721
    TOWNE MORTGAGE COMPANY 1 5.75% $14,785
    NATIONS DIRECT MORTGAGE, LLC 1 7.25% $14,654
    LEADERONE FINANCIAL CORPORATION 1 7.25% $9,155
    Northpointe Bank 1 6.25% $20,032
    NORTHPOINT MORTGAGE, INC. 1 5.88% $10,151

    The top Hartford VA lender as defined by loan originations is Mortgage Research Center, LLC, with 148 VA loans originated. Their average total fees are $9,027, which is $1,550 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

    The lowest fee Hartford VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($7,476), MOVEMENT MORTGAGE, LLC ($7,765), Mortgage Research Center, LLC ($9,027), PENNYMAC LOAN SERVICES, LLC ($9,156) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($9,999).

    The lowest rate Hartford VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.44%), NAVY FEDERAL CREDIT UNION (5.88%), USAA Federal Savings Bank (6.09%), QUICKEN LOANS, LLC (6.16%) and LOANDEPOT.COM, LLC (6.21%).

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.