Hartford VA Loan Rates, Closing Costs & Stats

HARTFORD-EAST HARTFORD-MIDDLETOWN, CT

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 6.83% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.96% and one month ago for the week of 2024-03-15, the average rate was 6.62%.

    The average rate one year ago was 6.31%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.82%.

    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.