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
6.31%
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.