Hartford VA Loans

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 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 133 lenders originated 2,203 VA loans during 2021. The total origination value was $614,855,000, with an average VA loan value of $279,099.

    Hartford VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Hartford averaged 5.21% for the week of 2022-08-05, compared to the national average (all VA variants) of 5.013% for the same period.

    The average rate for the prior week (2022-07-29) was 5.66% and one month ago for the week of 2022-07-01, the average rate was 5.79%.

    The average rate one year ago was 2.77%.

    For refis of the same type during the week of 2022-08-05, the average rate was 5.19%.

    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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Hartford level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Mortgage Research Center, LLC 306 2.83% $6,783
    QUICKEN LOANS, LLC 206 2.49% $4,873
    FREEDOM MORTGAGE CORPORATION 124 2.47% $2,304
    NAVY FEDERAL CREDIT UNION 100 2.46% $5,938
    USAA Federal Savings Bank 92 2.89% $6,857
    PENNYMAC LOAN SERVICES, LLC 80 2.42% $6,551
    GUARANTEED RATE, INC. 65 2.60% $5,807
    LOANDEPOT.COM, LLC 54 2.54% $5,886
    UNITED WHOLESALE MORTGAGE, LLC 54 2.55% $6,132
    NEW DAY FINANCIAL, LLC 39 2.85% $8,572
    NORWICH COMMERCIAL GROUP, INC. 34 3.21% $7,175
    LAKEVIEW LOAN SERVICING, LLC 34 2.46% $2,979
    Mr. Cooper ( Nationstar Mortgage ) 33 2.68% $4,351
    CALIBER HOME LOANS, INC. 29 2.63% $6,553
    CROSSCOUNTRY MORTGAGE, LLC 25 2.91% $6,237
    HOMEBRIDGE FINANCIAL SERVICES, INC. 24 2.59% $7,414
    The Federal Savings Bank 23 2.52% $8,819
    FIRST WORLD MORTGAGE CORPORATION 23 2.99% $8,971
    Wells Fargo Bank 23 2.57% $5,009
    MOVEMENT MORTGAGE, LLC 23 2.74% $7,968
    HOME POINT FINANCIAL CORPORATION 22 2.48% $6,515
    Prosperity Home Mortgage, LLC 20 2.66% $8,253
    GUARANTEED RATE AFFINITY, LLC 20 2.83% $6,070
    TOTAL MORTGAGE SERVICES, LLC 20 2.92% $10,822
    NEWREZ LLC 17 2.61% $4,989
    Citizens Bank 17 2.51% $7,418
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 15 3.06% $6,541
    BROKER SOLUTIONS, INC. 14 2.79% $6,033
    VILLAGE CAPITAL & INVESTMENT LLC 14 2.36% $3,449
    Carrington Mortgage Services, LLC 12 2.85% $4,798
    Barrington Bank & Trust Company, N.A. 11 2.73% $5,565
    PENTAGON FEDERAL CREDIT UNION 11 2.30% $3,825
    ACCELERATE MORTGAGE, LLC 11 2.36% $5,770
    Flagstar Bank, FSB 10 2.88% $6,851
    ENVOY MORTGAGE, LTD 10 3.45% $8,429
    Mortgage Network, Inc. 9 3.04% $5,748
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 9 2.75% $4,557
    First Guaranty Mortgage Corporation 9 2.56% $5,170
    PLAZA HOME MORTGAGE, INC. 8 2.98% $8,259
    BNC National Bank 8 2.34% $4,586
    Low VA Rates, LLC 8 2.25% $4,187
    HOMESTEAD FUNDING CORP. 7 3.04% $7,651
    AMERISAVE MORTGAGE CORPORATION 7 2.46% $6,406
    First Federal Bank 7 2.82% $11,759
    North American Savings Bank, F.S.B. 7 2.43% $2,166
    NORTHPOINT MORTGAGE, INC. 6 2.67% $4,932
    Evolve Bank & Trust 6 2.58% $4,929
    RESIDENTIAL MORTGAGE SERVICES, INC. 6 2.83% $5,613
    NP, Inc. 6 2.31% $3,429
    AMERICAN FINANCIAL NETWORK, INC. 5 2.65% $7,125
    PLANET HOME LENDING, LLC 5 2.30% $2,161
    Magnolia Bank 5 2.45% $11,553
    SUN WEST MORTGAGE COMPANY, INC. 5 2.50% $4,190
    Atlantic Home Loans, Inc. 5 2.83% $4,331
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 3.00% $7,601
    Paramount Residential Mortgage Group, Inc. 4 3.00% $4,592
    First Home Bank 4 2.56% $4,034
    ACADEMY MORTGAGE CORPORATION 4 3.22% $12,177
    PRIMELENDING, A PLAINSCAPITAL COMPANY 4 2.59% $10,724
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 2.97% $12,447
    Leader Bank 4 2.44% $10,459
    EMBRACE HOME LOANS, INC. 3 2.58% $6,282
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 3.00% $5,764
    Bank of England 3 2.71% $7,326
    BAY EQUITY LLC 3 3.13% $6,436
    CONTOUR MORTGAGE CORPORATION 3 3.13% $7,586
    GUILD MORTGAGE COMPANY 3 2.63% $9,047
    KELLER MORTGAGE, LLC 3 2.50% $7,176
    KS StateBank 3 2.29% $4,097
    Lakeview Community Capital, LLC 3 2.58% $3,337
    NBKC BANK 3 2.50% $3,703
    HOMESIDE FINANCIAL, LLC 2 2.94% $3,315
    Shamrock Home Loans, Inc. 2 2.38% $1,213
    SOVEREIGN LENDING GROUP INCORPORATED 2 2.50% $5,835
    KeyBank 2 2.63% $9,863
    FINANCE OF AMERICA MORTGAGE LLC 2 2.75% $5,508
    Wyndham Capital Mortgage, Inc. 2 2.44% $9,910
    Paramount Bank 2 3.06% $8,025
    CHERRY CREEK MORTGAGE, LLC 2 2.25% $1,091
    Capital Bank 2 2.62% $2,315
    InterContinental Capital Group, Inc 2 3.06% $10,245
    LOANPAL, LLC 2 2.56% $4,174
    NBH Bank 1 2.88% $2,520
    HomePromise Corporation 1 3.13% $9,716
    First Savings Bank 1 2.88% $16,887
    NFM, INC. 1 3.25% $12,274
    NJ LENDERS CORP. 1 2.63% $3,156
    FIRST HOME MORTGAGE CORPORATION 1 2.88% $21,877
    First Federal Bank of Kansas City 1 2.25% $2,058
    FirstBank 1 2.75% $75
    OCMBC, INC. 1 3.75% $10,119
    FBC MORTGAGE, LLC 1 2.25% $3,877
    PARKSIDE LENDING, LLC 1 2.25% $10,786
    EQUITY RESOURCES, INC. 1 2.38% $16,624
    Equity Prime Mortgage LLC 1 2.63% $1,767
    People's United Bank 1 3.25% $3,569
    PHH Mortgage Corporation 1 3.75% $1,626
    DREW MORTGAGE ASSOCIATES, INC. 1 3.25% $4,866
    DRAPER AND KRAMER MORTGAGE CORP. 1 2.25% $2,196
    PNC Bank 1 3.13% $1,957
    Presidential Bank, FSB 1 2.38% $4,485
    Community First National Bank 1 2.75% $10,085
    CMG MORTGAGE, INC. 1 2.75% $12,787
    RELIANCE FIRST CAPITAL, LLC 1 2.63% $8,468
    BOKF 1 2.38% $4,826
    Stifel Bank and Trust 1 2.25% $4,058
    SUCCESS MORTGAGE PARTNERS, INC. 1 3.00% $3,149
    Sunflower Bank 1 2.25% $2,642
    Berkshire Bank 1 2.38% $13,524
    Bank of America 1 2.88% $4,609
    The Union Bank Company 1 2.63% $9,847
    The Washington Trust Company, of Westerly 1 2.50% $7,669
    TJC Mortgage, Inc. 1 2.25% $3,196
    Austin Capital Bank SSB 1 3.25% $2,595
    Triumph Bank 1 2.25% $234
    UNION HOME MORTGAGE CORP. 1 2.75% $2,699
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 2.88% $2,516
    Assurance Financial Group, L.L.C. 1 2.25% $3,909
    Armed Forces Bank 1 2.25% $5,541
    AmRes Corporation 1 2.25% $1,243
    Webster Bank 1 2.50% $7,297
    AmeriHome Mortgage Company, LLC 1 2.99% $3,777
    Liberty Bank 1 3.13% $0
    LENDUS, LLC 1 2.75% $10,785
    LEADERONE FINANCIAL CORPORATION 1 2.88% $11,640
    Meridian Bank Corporation 1 2.63% $4,650
    MID-ISLAND MORTGAGE CORP. 1 3.50% $6,575
    MORTGAGE ACCESS CORP. 1 3.25% $4,141
    Ixonia Bank 1 2.88% $4,147
    INLAND BANK & TRUST 1 3.25% $2,475
    MUTUAL OF OMAHA MORTGAGE, INC. 1 2.50% $4,614
    NATIONS DIRECT MORTGAGE, LLC 1 2.88% $4,245
    NATIONWIDE MORTGAGE BANKERS, INC. 1 2.75% $15,501

    The top Hartford VA lender as defined by loan originations is Mortgage Research Center, LLC, with 306 VA loans originated. Their average total fees are $6,783, which is $1,910 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Hartford VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION ($2,304), LAKEVIEW LOAN SERVICING, LLC ($2,979), VILLAGE CAPITAL & INVESTMENT LLC ($3,449), PENTAGON FEDERAL CREDIT UNION ($3,825) and Mr. Cooper ( Nationstar Mortgage ) ($4,351).

    The lowest rate Hartford VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION (2.30%), VILLAGE CAPITAL & INVESTMENT LLC (2.36%), ACCELERATE MORTGAGE, LLC (2.36%), PENNYMAC LOAN SERVICES, LLC (2.42%) and NAVY FEDERAL CREDIT UNION (2.46%).

    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 $259,900 (0.0%) $335,648 (0.2%) 0.96 4,856
    2018-02-01 $259,900 (-2.8%) $334,422 (-2.3%) 0.94 4,977
    2018-03-01 $269,000 (-2.2%) $335,963 (-7.0%) 0.93 5,457
    2018-04-01 $269,900 (-3.3%) $337,372 (-7.5%) 0.91 5,949
    2018-05-01 $273,350 (-4.7%) $339,600 (-7.0%) 0.91 6,599
    2018-06-01 $278,500 (-3.8%) $342,428 (-7.1%) 0.93 6,923
    2018-07-01 $274,900 (-3.5%) $339,170 (-8.4%) 0.92 7,100
    2018-08-01 $269,900 (1.9%) $336,178 (-1.6%) 0.90 7,086
    2018-09-01 $269,900 (1.9%) $332,721 (-2.2%) 0.90 7,064
    2018-10-01 $269,900 (3.0%) $334,851 (-0.7%) 0.90 6,992
    2018-11-01 $267,020 (2.7%) $335,464 (0.0%) 0.90 6,647
    2018-12-01 $260,000 (0.0%) $335,723 (0.2%) 0.89 5,919
    2019-01-01 $259,900 (0.0%) $335,421 (-0.1%) 0.90 5,252
    2019-02-01 $264,900 (1.9%) $337,270 (0.9%) 0.89 5,260
    2019-03-01 $270,900 (0.7%) $339,708 (1.1%) 0.88 5,469
    2019-04-01 $274,950 (1.9%) $341,228 (1.1%) 0.87 5,718
    2019-05-01 $279,900 (2.4%) $344,795 (1.5%) 0.86 6,254
    2019-06-01 $284,900 (2.3%) $346,300 (1.1%) 0.88 6,453
    2019-07-01 $282,450 (2.8%) $344,825 (1.7%) 0.88 6,476
    2019-08-01 $279,514 (3.6%) $342,911 (2.0%) 0.88 6,356
    2019-09-01 $279,064 (3.4%) $342,145 (2.8%) 0.89 6,247
    2019-10-01 $279,900 (3.7%) $340,050 (1.6%) 0.89 6,178
    2019-11-01 $275,000 (3.0%) $337,512 (0.6%) 0.89 5,707
    2019-12-01 $274,900 (5.7%) $338,503 (0.8%) 0.92 4,836
    2020-01-01 $272,350 (4.8%) $333,994 (-0.4%) 0.91 4,254
    2020-02-01 $274,900 (3.8%) $335,574 (-0.5%) 0.89 4,296
    2020-03-01 $284,450 (5.0%) $344,233 (1.3%) 0.89 4,615
    2020-04-01 $284,950 (3.6%) $347,594 (1.9%) 0.89 4,337
    2020-05-01 $293,900 (5.0%) $356,266 (3.3%) 0.89 4,182
    2020-06-01 $295,000 (3.6%) $361,896 (4.5%) 0.86 4,597
    2020-07-01 $299,000 (5.9%) $368,213 (6.8%) 0.86 4,576
    2020-08-01 $299,000 (7.0%) $371,017 (8.2%) 0.85 4,345
    2020-09-01 $299,900 (7.5%) $377,367 (10.3%) 0.86 4,307
    2020-10-01 $299,900 (7.2%) $381,789 (12.3%) 0.86 4,246
    2020-11-01 $299,000 (8.7%) $379,709 (12.5%) 0.86 3,915
    2020-12-01 $299,900 (9.1%) $386,388 (14.2%) 0.88 3,238
    2021-01-01 $299,900 (10.1%) $392,303 (17.5%) 0.88 2,588
    2021-02-01 $299,900 (9.1%) $398,008 (18.6%) 0.86 2,466
    2021-03-01 $300,000 (5.5%) $401,520 (16.6%) 0.84 2,557
    2021-04-01 $302,500 (6.2%) $398,271 (14.6%) 0.81 2,800
    2021-05-01 $309,900 (5.4%) $391,050 (9.8%) 0.82 2,996
    2021-06-01 $338,000 (14.6%) $447,450 (23.6%) 0.88 1,709
    2021-07-01 $339,450 (13.5%) $451,658 (22.7%) 0.88 1,834
    2021-08-01 $330,000 (10.4%) $438,401 (18.2%) 0.87 1,928
    2021-09-01 $334,500 (11.5%) $435,771 (15.5%) 0.88 1,875
    2021-10-01 $329,900 (10.0%) $434,634 (13.8%) 0.87 1,824
    2021-11-01 $339,900 (13.7%) $447,557 (17.9%) 0.90 1,502
    2021-12-01 $349,000 (16.4%) $460,756 (19.3%) 0.93 1,226
    2022-01-01 $349,900 (16.7%) $468,997 (19.6%) 0.93 992
    2022-02-01 $364,950 (21.7%) $477,150 (19.9%) 0.93 879
    2022-03-01 $354,500 (18.2%) $469,382 (16.9%) 0.88 902
    2022-04-01 $349,999 (15.7%) $462,596 (16.2%) 0.82 1,019
    2022-05-01 $362,750 (17.1%) $474,043 (21.2%) 0.81 1,183
    2022-06-01 $375,000 (11.0%) $483,694 (8.1%) 0.83 1,360
    Hartford's median listing price for 2022-06-01 was $375,000, a difference of $37,000 (11.0%) versus the prior year and $12,250 versus the prior month.

    Hartford's median listing price comes in at 83% of the national average.

    Hartford's average listing price for 2022-06-01 was $483,694, a difference of $36,244 (8.1%) versus the prior year and $9,651 versus the prior month.

    For the 2022-06-01 period, Hartford had 1,360 MLS listings, a difference of 177 listings (15%) versus the prior month and -349 listings (-20%) 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 88 days 1,655 sqft
    2018-02-01 84 days 1,658 sqft
    2018-03-01 58 days 1,712 sqft
    2018-04-01 53 days 1,732 sqft
    2018-05-01 48 days 1,744 sqft
    2018-06-01 49 days 1,770 sqft
    2018-07-01 56 days 1,764 sqft
    2018-08-01 63 days 1,752 sqft
    2018-09-01 70 days 1,746 sqft
    2018-10-01 73 days 1,749 sqft
    2018-11-01 75 days 1,740 sqft
    2018-12-01 85 days 1,720 sqft
    2019-01-01 95 days 1,710 sqft
    2019-02-01 96 days 1,717 sqft
    2019-03-01 68 days 1,726 sqft
    2019-04-01 50 days 1,733 sqft
    2019-05-01 46 days 1,815 sqft
    2019-06-01 49 days 1,912 sqft
    2019-07-01 55 days 1,908 sqft
    2019-08-01 63 days 1,897 sqft
    2019-09-01 64 days 1,893 sqft
    2019-10-01 64 days 1,907 sqft
    2019-11-01 65 days 1,900 sqft
    2019-12-01 78 days 1,893 sqft
    2020-01-01 83 days 1,877 sqft
    2020-02-01 74 days 1,862 sqft
    2020-03-01 51 days 1,901 sqft
    2020-04-01 56 days 1,894 sqft
    2020-05-01 62 days 1,940 sqft
    2020-06-01 46 days 1,938 sqft
    2020-07-01 43 days 1,944 sqft
    2020-08-01 44 days 1,916 sqft
    2020-09-01 43 days 1,908 sqft
    2020-10-01 41 days 1,888 sqft
    2020-11-01 44 days 1,860 sqft
    2020-12-01 54 days 1,861 sqft
    2021-01-01 62 days 1,844 sqft
    2021-02-01 52 days 1,847 sqft
    2021-03-01 39 days 1,848 sqft
    2021-04-01 32 days 1,846 sqft
    2021-05-01 30 days 1,836 sqft
    2021-06-01 28 days 1,898 sqft
    2021-07-01 29 days 1,904 sqft
    2021-08-01 33 days 1,739 sqft
    2021-09-01 41 days 1,739 sqft
    2021-10-01 40 days 1,704 sqft
    2021-11-01 48 days 1,746 sqft
    2021-12-01 59 days 1,729 sqft
    2022-01-01 72 days 1,753 sqft
    2022-02-01 51 days 1,759 sqft
    2022-03-01 33 days 1,732 sqft
    2022-04-01 20 days 1,714 sqft
    2022-05-01 18 days 1,746 sqft
    2022-06-01 21 days 1,793 sqft
    Hartford's median listing age (time on market) for 2022-06-01 was 21 days. This is -27% shorter than the same period one year ago.

    Hartford's median square footage for active listings during the 2022-06-01 period was 1,793 sqft. One year prior, the average listing was 1,898 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.