Hartford VA Loans

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 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.