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 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 6.68% for the week of 2023-12-01, compared to the national average (all VA variants) of 6.774% for the same period.

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

    The average rate for the prior week (2023-11-24) was 6.62% and one month ago for the week of 2023-10-27, the average rate was 7.05%.

    The average rate one year ago was 6.14%.

    For refis of the same type during the week of 2023-12-01, the average rate was 5.5%.

    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 $269,000 (3.7%) $350,237 (4.8%) 1.00 4,055
    2018-02-01 $268,125 (1.2%) $349,176 (2.9%) 0.97 3,982
    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 (2.1%) $351,044 (0.2%) 0.95 4,163
    2019-02-01 $279,900 (4.4%) $355,454 (1.8%) 0.95 4,031
    2019-03-01 $286,329 (0.5%) $360,632 (1.2%) 0.94 4,061
    2019-04-01 $296,950 (2.6%) $368,326 (1.8%) 0.94 4,139
    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 $298,700 (5.1%) $364,355 (3.2%) 0.95 4,890
    2019-09-01 $298,250 (6.6%) $361,876 (3.5%) 0.95 4,893
    2019-10-01 $298,500 (6.7%) $360,467 (2.7%) 0.96 4,837
    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 (7.3%) $375,832 (4.2%) 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 (15.5%) $431,049 (18.3%) 0.99 2,339
    2020-09-01 $339,900 (14.0%) $434,079 (20.0%) 0.97 2,355
    2020-10-01 $339,900 (13.9%) $437,089 (21.3%) 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%) 1.03 1,265
    2021-03-01 $354,100 (15.3%) $479,744 (27.7%) 1.01 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%) 0.85 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 (17.0%) 0.88 1,336
    2022-11-01 $372,400 (10.4%) $508,994 (13.7%) 0.90 1,263
    2022-12-01 $365,000 (5.7%) $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
    2023-05-01 $424,925 (17.2%) $595,993 (25.6%) 0.96 882
    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
    Hartford's median listing price for 2023-11-01 was $398,450, a difference of $26,050 (7.0%) versus the prior year and $-1,450 versus the prior month.

    Hartford's median listing price comes in at 95% of the national average.

    Hartford's average listing price for 2023-11-01 was $530,059, a difference of $21,065 (4.1%) versus the prior year and $-15,948 versus the prior month.

    For the 2023-11-01 period, Hartford had 1,125 MLS listings, a difference of 19 listings (2%) versus the prior month and -138 listings (-11%) 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 1,749 sqft
    2018-02-01 80 days 1,739 sqft
    2018-03-01 57 days 1,800 sqft
    2018-04-01 52 days 1,822 sqft
    2018-05-01 47 days 1,826 sqft
    2018-06-01 49 days 1,844 sqft
    2018-07-01 54 days 1,825 sqft
    2018-08-01 61 days 1,804 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 1,784 sqft
    2019-01-01 88 days 1,783 sqft
    2019-02-01 86 days 1,800 sqft
    2019-03-01 68 days 1,806 sqft
    2019-04-01 47 days 1,824 sqft
    2019-05-01 44 days 1,916 sqft
    2019-06-01 47 days 2,002 sqft
    2019-07-01 54 days 1,994 sqft
    2019-08-01 58 days 1,990 sqft
    2019-09-01 60 days 1,992 sqft
    2019-10-01 63 days 1,997 sqft
    2019-11-01 67 days 1,992 sqft
    2019-12-01 77 days 1,968 sqft
    2020-01-01 82 days 1,914 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 2,100 sqft
    2020-09-01 39 days 2,039 sqft
    2020-10-01 37 days 2,007 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 1,773 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
    Hartford's median listing age (time on market) for 2023-11-01 was 37 days. This is -9% shorter than the same period one year ago.

    Hartford's median square footage for active listings during the 2023-11-01 period was 1,929 sqft. One year prior, the average listing was 1,936 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.