Hartford VA Loan Rates, Closing Costs & Stats

HARTFORD-EAST HARTFORD-MIDDLETOWN, CT

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 6.94% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

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

The average rate for the prior week (2024-04-05) was 6.49% and one month ago for the week of 2024-03-08, the average rate was 6.32%.

The average rate one year ago was 6.22%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.74%.

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%).


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
Hartford's median listing price for 2024-03-01 was $399,900, a difference of $-3,000 (-0.7%) versus the prior year and $0 versus the prior month.

Hartford's median listing price comes in at 94% of the national average.

Hartford's average listing price for 2024-03-01 was $524,761, a difference of $-51,724 (-9.0%) versus the prior year and $-11,223 versus the prior month.

For the 2024-03-01 period, Hartford had 794 MLS listings, a difference of 21 listings (3%) versus the prior month and 46 listings (6%) 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
Hartford's median listing age (time on market) for 2024-03-01 was 37 days. This is 28% longer than the same period one year ago.

Hartford's median square footage for active listings during the 2024-03-01 period was 1,844 sqft. One year prior, the average listing was 1,968 sqft.

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.