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 97 lenders originated 947 VA loans during 2022. The total origination value was $294,505,000, with an average VA loan value of $310,987.

Hartford VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Hartford averaged 6.42% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

Hartford's average VA mortgage closing costs are $6,275.

The average rate for the prior week (2023-05-19) was 5.84% and one month ago for the week of 2023-04-21, the average rate was 5.96%.

The average rate one year ago was 4.83%.

For refis of the same type during the week of 2023-05-26, the average rate was 4.93%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 187 5.19% $8,384
QUICKEN LOANS, LLC 81 4.10% $11,475
NAVY FEDERAL CREDIT UNION 59 4.07% $7,834
UNITED WHOLESALE MORTGAGE, LLC 43 4.49% $9,070
MOVEMENT MORTGAGE, LLC 36 4.77% $8,179
USAA Federal Savings Bank 34 4.23% $9,688
LOANDEPOT.COM, LLC 31 3.79% $11,009
FREEDOM MORTGAGE CORPORATION 26 4.64% $14,559
GUARANTEED RATE, INC. 25 4.50% $8,519
FIRST WORLD MORTGAGE CORPORATION 22 4.64% $10,981
PENNYMAC LOAN SERVICES, LLC 22 3.03% $6,521
HOME POINT FINANCIAL CORPORATION 19 4.07% $10,636
NEW DAY FINANCIAL, LLC 13 5.21% $14,383
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 4.87% $10,828
Prosperity Home Mortgage, LLC 12 4.38% $9,892
HOMEBRIDGE FINANCIAL SERVICES, INC. 12 4.78% $10,555
Mr. Cooper ( Nationstar Mortgage ) 12 4.59% $11,444
The Federal Savings Bank 11 4.55% $16,123
CALIBER HOME LOANS, INC. 11 5.10% $10,897
NORWICH COMMERCIAL GROUP, INC. 11 4.83% $8,876
GUARANTEED RATE AFFINITY, LLC 10 4.76% $8,487
Citizens Bank 9 4.25% $10,896
Barrington Bank & Trust Company, N.A. 8 3.95% $8,757
NEWREZ LLC 8 4.23% $10,056
Mortgage Network, Inc. 8 4.22% $7,344
TOTAL MORTGAGE SERVICES, LLC 7 4.57% $11,230
LAKEVIEW LOAN SERVICING, LLC 7 3.29% $6,450
EVERETT FINANCIAL, INC. 7 4.89% $7,060
Evolve Bank & Trust 5 3.85% $10,970
GUILD MORTGAGE COMPANY 5 5.23% $8,231
Magnolia Bank 5 4.58% $16,799
PLAZA HOME MORTGAGE, INC. 5 4.25% $6,840
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 5.13% $13,611
AMERISAVE MORTGAGE CORPORATION 5 5.13% $10,218
Wells Fargo Bank 4 4.19% $4,097
NORTHPOINT MORTGAGE, INC. 4 5.50% $9,274
ENVOY MORTGAGE, LTD 4 4.50% $10,817
CARDINAL FINANCIAL 4 3.78% $19,207
Flagstar Bank, FSB 4 4.18% $9,550
MUTUAL OF OMAHA MORTGAGE, INC. 3 4.42% $9,012
ALLIED MORTGAGE GROUP, INC. 3 4.92% $5,915
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 5.21% $13,610
AmRes Corporation 3 4.75% $11,584
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 3.92% $4,956
FINANCE OF AMERICA MORTGAGE LLC 3 5.21% $6,862
M&T Bank 3 2.88% $8,938
NBKC BANK 3 4.75% $16,792
Northpointe Bank 3 4.71% $9,717
PENTAGON FEDERAL CREDIT UNION 3 3.33% $6,448
PLANET HOME LENDING, LLC 3 3.88% $9,134
PROVINCE MORTGAGE ASSOCIATES, INC. 3 5.67% $5,781
Semper Home Loans, Inc. 3 5.50% $9,096
ACADEMY MORTGAGE CORPORATION 2 4.81% $7,839
MORTGAGE EQUITY PARTNERS LLC 2 4.25% $12,318
U.S. Bank 2 3.56% $6,674
Equity Prime Mortgage LLC 2 7.44% $12,333
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.31% $16,978
Carrington Mortgage Services, LLC 2 4.75% $7,287
Capital Bank 2 2.44% $4,002
CROSSCOUNTRY MORTGAGE, LLC 2 3.68% $10,406
Leader Bank 2 4.00% $15,249
LEADERONE FINANCIAL CORPORATION 2 6.19% $1,991
BROKER SOLUTIONS, INC. 2 4.69% $6,449
HOMESIDE FINANCIAL, LLC 2 3.81% $15,182
EQUITY RESOURCES, INC. 1 4.75% $21,495
North American Savings Bank, F.S.B. 1 4.00% $21,167
NORTHEAST HOME LOAN, LLC 1 5.13% $14,511
Bank of England 1 3.88% $6,790
EMBRACE HOME LOANS, INC. 1 4.38% $15,218
Paramount Residential Mortgage Group, Inc. 1 5.25% $2,210
Community First National Bank 1 2.88% $8,090
Bank of America 1 4.75% $4,988
CHURCHILL MORTGAGE CORPORATION 1 5.75% $14,405
Watermark Capital, Inc. 1 3.25% $16,121
RADIUS FINANCIAL GROUP INC. 1 3.38% $8,629
RESIDENTIAL BANCORP. 1 3.75% $9,012
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $23,592
Shamrock Home Loans, Inc. 1 5.25% $8,160
BNC National Bank 1 4.25% $6,415
The Washington Trust Company, of Westerly 1 4.75% $3,239
KeyBank 1 2.50% $1,798
Lakeview Community Capital, LLC 1 2.38% $5,885
JPMorgan Chase Bank 1 5.13% $12,220
Liberty Bank 1 5.00% $10,364
LOANPAL, LLC 1 2.88% $23,491
INLAND BANK & TRUST 1 5.25% $20,583
HOMESTEAD FUNDING CORP. 1 3.25% $82
HomePromise Corporation 1 6.25% $16,843
FM Home Loans, LLC 1 3.25% $7,000
First Federal Bank 1 4.00% $14,060
BAY EQUITY LLC 1 5.63% $15,300
NATIONS DIRECT MORTGAGE, LLC 1 6.13% $10,643
Nations Lending Corporation 1 4.75% $9,420
NATIONWIDE MORTGAGE BANKERS, INC. 1 5.75% $14,377
EVANSVILLE TEACHERS 1 5.63% $6,431
NBH Bank 1 5.25% $13,892
UNION HOME MORTGAGE CORP. 1 3.88% $13,041

The top Hartford VA lender as defined by loan originations is Mortgage Research Center, LLC, with 187 VA loans originated. Their average total fees are $8,384, which is $3,092 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Hartford VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC ($6,521), NAVY FEDERAL CREDIT UNION ($7,834), MOVEMENT MORTGAGE, LLC ($8,179), Mortgage Research Center, LLC ($8,384) and GUARANTEED RATE AFFINITY, LLC ($8,487).

The lowest rate Hartford VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.03%), LOANDEPOT.COM, LLC (3.79%), NAVY FEDERAL CREDIT UNION (4.07%), HOME POINT FINANCIAL CORPORATION (4.07%) and QUICKEN LOANS, LLC (4.10%).


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 $269,125 (3.7%) $350,270 (4.8%) 1.00 4,054
2018-02-01 $268,250 (1.3%) $349,208 (2.9%) 0.98 3,981
2018-03-01 $284,900 (4.7%) $356,531 (-0.7%) 1.00 4,186
2018-04-01 $289,450 (5.3%) $361,838 (-0.3%) 0.98 4,374
2018-05-01 $288,800 (2.3%) $362,479 (-0.5%) 0.96 4,809
2018-06-01 $289,900 (1.3%) $364,263 (-0.9%) 0.97 5,133
2018-07-01 $287,157 (2.6%) $357,794 (-3.0%) 0.96 5,449
2018-08-01 $284,250 (1.7%) $353,174 (-3.3%) 0.95 5,444
2018-09-01 $279,900 (0.0%) $349,494 (-2.9%) 0.94 5,532
2018-10-01 $279,900 (1.8%) $351,026 (-1.3%) 0.95 5,450
2018-11-01 $279,900 (1.8%) $352,435 (-0.5%) 0.95 5,186
2018-12-01 $274,900 (1.9%) $353,265 (0.2%) 0.95 4,664
2019-01-01 $274,588 (2.0%) $351,044 (0.2%) 0.95 4,163
2019-02-01 $279,900 (4.3%) $355,454 (1.8%) 0.95 4,031
2019-03-01 $289,900 (1.8%) $362,759 (1.8%) 0.97 3,924
2019-04-01 $296,950 (2.6%) $368,322 (1.8%) 0.94 4,143
2019-05-01 $299,900 (3.8%) $372,559 (2.8%) 0.94 4,467
2019-06-01 $304,900 (5.2%) $372,159 (2.2%) 0.95 4,723
2019-07-01 $299,450 (4.3%) $367,244 (2.6%) 0.94 4,895
2019-08-01 $299,900 (5.5%) $365,751 (3.6%) 0.94 4,872
2019-09-01 $299,900 (7.2%) $370,181 (5.9%) 0.95 4,574
2019-10-01 $299,000 (6.8%) $360,721 (2.8%) 0.96 4,836
2019-11-01 $290,000 (3.6%) $358,723 (1.8%) 0.95 4,410
2019-12-01 $289,900 (5.5%) $358,106 (1.4%) 0.97 3,818
2020-01-01 $285,000 (3.8%) $353,011 (0.6%) 0.95 3,319
2020-02-01 $289,900 (3.6%) $359,217 (1.1%) 0.95 3,142
2020-03-01 $307,138 (6.0%) $375,832 (3.6%) 0.96 3,116
2020-04-01 $309,900 (4.4%) $378,161 (2.7%) 0.97 2,998
2020-05-01 $324,900 (8.3%) $389,755 (4.6%) 0.99 2,862
2020-06-01 $332,400 (9.0%) $408,916 (9.9%) 0.98 2,729
2020-07-01 $343,975 (14.9%) $423,465 (15.3%) 1.00 2,501
2020-08-01 $345,000 (15.0%) $431,049 (17.9%) 0.99 2,339
2020-09-01 $339,900 (13.3%) $434,079 (17.3%) 0.97 2,355
2020-10-01 $339,900 (13.7%) $437,089 (21.2%) 0.97 2,366
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%) 1.02 1,265
2021-03-01 $354,100 (15.3%) $479,744 (27.7%) 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%) $434,077 (-0.7%) 0.88 1,802
2021-11-01 $337,225 (-0.8%) $447,622 (1.7%) 0.90 1,499
2021-12-01 $345,350 (1.6%) $460,466 (2.9%) 0.94 1,216
2022-01-01 $349,900 (1.8%) $468,276 (3.3%) 0.95 992
2022-02-01 $362,425 (2.8%) $478,934 (1.1%) 0.94 870
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%) 0.86 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 (17.0%) 0.88 1,336
2022-11-01 $372,400 (10.4%) $508,994 (13.7%) 0.89 1,263
2022-12-01 $365,000 (5.7%) $515,700 (12.0%) 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
Hartford's median listing price for 2023-04-01 was $399,900, a difference of $50,000 (14.3%) versus the prior year and $-3,000 versus the prior month.

Hartford's median listing price comes in at 93% of the national average.

Hartford's average listing price for 2023-04-01 was $568,051, a difference of $105,930 (22.9%) versus the prior year and $-8,434 versus the prior month.

For the 2023-04-01 period, Hartford had 839 MLS listings, a difference of 91 listings (12%) versus the prior month and -190 listings (-18%) 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 92 days 1,748 sqft
2018-02-01 87 days 1,738 sqft
2018-03-01 63 days 1,800 sqft
2018-04-01 57 days 1,821 sqft
2018-05-01 52 days 1,826 sqft
2018-06-01 53 days 1,843 sqft
2018-07-01 58 days 1,825 sqft
2018-08-01 65 days 1,803 sqft
2018-09-01 71 days 1,800 sqft
2018-10-01 75 days 1,800 sqft
2018-11-01 77 days 1,800 sqft
2018-12-01 86 days 1,782 sqft
2019-01-01 95 days 1,783 sqft
2019-02-01 95 days 1,800 sqft
2019-03-01 69 days 1,800 sqft
2019-04-01 52 days 1,823 sqft
2019-05-01 47 days 1,916 sqft
2019-06-01 50 days 2,002 sqft
2019-07-01 58 days 1,994 sqft
2019-08-01 70 days 1,992 sqft
2019-09-01 76 days 2,006 sqft
2019-10-01 68 days 1,997 sqft
2019-11-01 71 days 1,992 sqft
2019-12-01 83 days 1,968 sqft
2020-01-01 88 days 1,914 sqft
2020-02-01 80 days 1,938 sqft
2020-03-01 54 days 2,008 sqft
2020-04-01 62 days 2,002 sqft
2020-05-01 70 days 2,036 sqft
2020-06-01 55 days 2,082 sqft
2020-07-01 49 days 2,108 sqft
2020-08-01 46 days 2,100 sqft
2020-09-01 43 days 2,039 sqft
2020-10-01 40 days 2,007 sqft
2020-11-01 48 days 1,980 sqft
2020-12-01 62 days 1,991 sqft
2021-01-01 67 days 1,975 sqft
2021-02-01 58 days 1,978 sqft
2021-03-01 38 days 1,954 sqft
2021-04-01 28 days 1,988 sqft
2021-05-01 23 days 1,957 sqft
2021-06-01 24 days 1,916 sqft
2021-07-01 30 days 1,893 sqft
2021-08-01 31 days 1,745 sqft
2021-09-01 39 days 1,739 sqft
2021-10-01 37 days 1,704 sqft
2021-11-01 46 days 1,739 sqft
2021-12-01 55 days 1,732 sqft
2022-01-01 68 days 1,774 sqft
2022-02-01 42 days 1,773 sqft
2022-03-01 26 days 1,733 sqft
2022-04-01 16 days 1,702 sqft
2022-05-01 16 days 1,749 sqft
2022-06-01 18 days 1,788 sqft
2022-07-01 25 days 1,792 sqft
2022-08-01 35 days 1,928 sqft
2022-09-01 39 days 1,955 sqft
2022-10-01 35 days 1,966 sqft
2022-11-01 45 days 1,936 sqft
2022-12-01 59 days 1,918 sqft
2023-01-01 63 days 1,899 sqft
2023-02-01 40 days 1,974 sqft
2023-03-01 36 days 1,968 sqft
2023-04-01 24 days 1,984 sqft
Hartford's median listing age (time on market) for 2023-04-01 was 24 days. This is 50% longer than the same period one year ago.

Hartford's median square footage for active listings during the 2023-04-01 period was 1,984 sqft. One year prior, the average listing was 1,702 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.