Torrington Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Torrington averaged 6.44% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

The average rate for the prior week (2023-05-18) was 6.26% and one month ago for the week of 2023-04-20, the average rate was 6.06%.

Torrington's average rate one year ago was 4.72%.

For refis of the same type during the week of 2023-05-25, the average rate was 5.17%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-05-25 6.57%
Torrington 30 Year Fixed Rate 2023-05-25 6.44%
Torrington 30 Year Fixed Rate Refi 2023-05-25 5.17%
Torrington 15 Year Fixed Rate 2023-05-25 5.41%
Torrington 15 Year Fixed Rate Refi 2023-05-25 4.45%
Torrington 30 Year FHA 2023-05-25 5.86%
Torrington 30 Year FHA Refi 2023-05-25 6.71%
Torrington 30 Year USDA 2023-05-25 6.83%
Torrington 30 Year USDA Refi 2023-05-25 6.43%
Torrington 30 Year VA 2023-05-25 6.2%
Torrington 30 Year VA Refi 2023-05-25 6.51%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Torrington, CT.

Torrington Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Torrington, CT market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 178 5.06% $7,152
TOTAL MORTGAGE SERVICES, LLC 143 5.11% $6,402
Thomaston Savings Bank 130 4.21% $3,412
The Torrington Savings Bank 88 4.35% $3,383
Newtown Savings Bank 76 4.57% $5,321
CROSSCOUNTRY MORTGAGE, LLC 75 5.32% $5,878
UNITED WHOLESALE MORTGAGE, LLC 75 5.40% $7,013
NORWICH COMMERCIAL GROUP, INC. 73 5.26% $5,840
Wells Fargo Bank 69 4.27% $5,380
LOANDEPOT.COM, LLC 64 4.49% $7,096
FIRST WORLD MORTGAGE CORPORATION 62 5.30% $5,980
Webster Bank 60 4.61% $4,953
Northwest Community Bank 59 4.08% $3,948
Bank of America 53 3.72% $6,600
JPMorgan Chase Bank 53 4.35% $6,109
Union Savings Bank 52 4.27% $3,931
Citizens Bank 49 4.59% $6,179
GUARANTEED RATE AFFINITY, LLC 46 5.01% $6,887
GUARANTEED RATE, INC. 44 4.83% $6,897
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 33 5.01% $5,769
HOME POINT FINANCIAL CORPORATION 33 4.64% $6,850
Flagstar Bank, FSB 26 4.70% $6,378
AMERISAVE MORTGAGE CORPORATION 26 4.49% $8,513
Citibank 25 3.40% $7,295
TD Bank 25 4.18% $3,973
Prosperity Home Mortgage, LLC 25 4.82% $5,181
PRIMELENDING, A PLAINSCAPITAL COMPANY 19 4.95% $7,150
MOVEMENT MORTGAGE, LLC 18 5.02% $6,436
U.S. Bank 18 3.98% $8,885
MUTUAL SECURITY CREDIT UNION 17 4.90% $3,718
Evolve Bank & Trust 17 5.34% $4,367
M&T Bank 16 4.47% $5,079
WILLIAM RAVEIS MORTGAGE, LLC 16 4.95% $4,706
Savings Bank of Danbury 15 4.88% $5,271
Mr. Cooper ( Nationstar Mortgage ) 15 4.73% $10,360
First Republic Bank 14 3.16% $7,732
NAVY FEDERAL CREDIT UNION 14 5.39% $5,371
Morgan Stanley Private Bank 14 3.48% $5,053
NEWREZ LLC 14 4.23% $6,587
CALIBER HOME LOANS, INC. 13 4.44% $6,294
PROVIDENT FUNDING ASSOCIATES, L.P. 12 5.46% $5,177
PENNYMAC LOAN SERVICES, LLC 12 4.68% $5,513
HOMEBRIDGE FINANCIAL SERVICES, INC. 12 5.63% $10,376
Liberty Bank 11 3.99% $3,201
PRYSMA LENDING GROUP, LLC 11 7.94% $10,563
BAY EQUITY LLC 11 5.20% $5,423
Leader Bank 10 5.16% $4,451
KeyBank 10 4.61% $4,247
HOMESTEAD FUNDING CORP. 10 5.31% $5,196
MEMBERS MORTGAGE COMPANY, INC. 9 4.79% $3,661
GUILD MORTGAGE COMPANY 9 5.60% $4,237
ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 5.39% $6,295
EQUITY RESOURCES, INC. 9 5.50% $5,930
FREEDOM MORTGAGE CORPORATION 8 4.52% $5,481
SIKORSKY FINANCIAL 7 4.10% $3,719
ENVOY MORTGAGE, LTD 7 5.11% $5,679
Carrington Mortgage Services, LLC 7 5.29% $8,048
ZILLOW HOME LOANS, LLC 6 4.58% $6,124
Ally Bank 6 4.65% $5,921
ARC HOME LLC 6 5.10% $8,887
Northpointe Bank 6 4.52% $6,017
People's United Bank 6 3.21% $4,329
UBS Bank USA 6 3.65% $9,993
MORTGAGE MARKETS CUSO, LLC 5 4.73% $5,160
PNC Bank 5 4.45% $6,979
BROKER SOLUTIONS, INC. 5 4.75% $4,963
CARDINAL FINANCIAL 5 4.00% $7,387
Mortgage Network, Inc. 5 5.53% $4,825
Magnolia Bank 5 5.35% $9,841
First Home Bank 5 5.58% $6,796
Charles Schwab Bank, SSB 5 4.52% $4,466
Stifel Bank and Trust 5 2.75% $5,162
City National Bank 5 3.50% $6,461
EMBRACE HOME LOANS, INC. 5 4.77% $4,546
FINANCE OF AMERICA MORTGAGE LLC 5 5.57% $8,851
HOMESIDE FINANCIAL, LLC 5 4.60% $5,646
GuardHill Financial Corp. 5 3.23% $8,640
PENTAGON FEDERAL CREDIT UNION 5 4.73% $1,749
NBKC BANK 4 4.16% $5,176
Fairfield County Bank 4 4.50% $6,433
PROVINCE MORTGAGE ASSOCIATES, INC. 4 4.72% $4,954
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 6.16% $9,562
BETTER MORTGAGE CORPORATION 4 3.41% $6,582
HUDSON VALLEY CREDIT UNION 4 5.09% $5,896
PLANET HOME LENDING, LLC 4 5.47% $7,254
WASHINGTON TRUST MORTGAGE COMPANY LLC 4 4.50% $5,067
NATIONWIDE MORTGAGE BANKERS, INC. 4 5.53% $9,081
SOFI LENDING CORP. 4 4.44% $8,003
PHH Mortgage Corporation 3 5.38% $7,783
PLAZA HOME MORTGAGE, INC. 3 6.00% $5,939
Mortgage Research Center, LLC 3 4.29% $5,279
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 4.41% $4,230
Goldman Sachs Bank USA 3 3.35% $6,648
Quontic Bank 3 6.21% $10,684
RELIANCE FIRST CAPITAL, LLC 3 5.08% $6,453
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.12% $11,973
First Horizon Bank 3 3.96% $31,246
NORTHPOINT MORTGAGE, INC. 3 4.00% $5,938
CHERRY CREEK MORTGAGE, LLC 3 3.04% $1,433
Waterstone Mortgage Corporation 3 6.00% $6,096
AMERICAN EAGLE FINANCIAL CREDIT UNION 3 4.50% $3,165
Wyndham Capital Mortgage, Inc. 3 4.33% $4,019
First National Bank of America 3 8.25% $14,398
AMERICAN INTERNET MORTGAGE, INC. 2 4.13% $7,904
USAA Federal Savings Bank 2 5.13% $5,967
USAlliance Federal Credit Union 2 4.38% $12,150
Discover Bank 2 5.99% $0
LAKEVIEW LOAN SERVICING, LLC 2 3.81% $4,659
EVERETT FINANCIAL, INC. 2 4.93% $2,672
First Guaranty Mortgage Corporation 2 5.19% $5,894
INLAND BANK & TRUST 2 5.25% $6,925
Westfield Bank 2 3.13% $3,447
BNC National Bank 2 4.69% $5,695
Bethpage Federal Credit Union 2 3.56% $5,616
GREYLOCK 2 3.44% $3,325
UNITED MORTGAGE CORP. 2 5.81% $7,298
TEACHERS 2 5.13% $5,066
UNITED NORTHERN MORTGAGE BANKERS LIMITED 2 5.81% $13,302
ACADEMY MORTGAGE CORPORATION 1 5.88% $3,392
UNITED 1 6.00% $4,870
United Nations Federal Credit Union 1 2.50% $5,616
AMERICAN FINANCING CORPORATION 1 7.00% $8,561
US MORTGAGE CORPORATION 1 6.88% $9,102
Valley National Bank 1 5.88% $5,123
Watermark Capital, Inc. 1 3.25% $5,670
ALLIED MORTGAGE GROUP, INC. 1 5.25% $4,339
First Savings Bank 1 5.50% $9,458
FM Home Loans, LLC 1 5.38% $14,993
Florida Capital Bank 1 6.00% $4,963
First Internet Bank of Indiana 1 5.63% $4,532
GSF Mortgage Corporation 1 3.99% $4,666
GUARANTY HOME MORTGAGE CORPORATION 1 3.13% $2,895
GUIDANCE RESIDENTIAL, LLC 1 5.25% $6,257
HANSCOM 1 5.25% $4,998
First Federal Bank 1 3.99% $2,379
HOMEXPRESS MORTGAGE CORP. 1 7.13% $8,084
HSBC BANK USA, NATIONAL ASSOCIATION 1 5.23% $6,213
Independent Bank 1 6.25% $10,122
JET DIRECT FUNDING CORP 1 3.50% $8,315
EMM LOANS LLC 1 4.25% $9,541
KINECTA 1 4.75% $11,051
LENDSURE MORTGAGE CORP. 1 9.00% $18,362
East Coast Capital Corp. 1 4.38% $10,327
DREW MORTGAGE ASSOCIATES, INC. 1 4.38% $3,629
Luxury Mortgage Corp. 1 5.63% $5,410
MID-ISLAND MORTGAGE CORP. 1 5.63% $16,448
DEPARTMENT OF COMMERCE 1 6.88% $5,513
Deere Employees Credit Union 1 3.13% $4,185
DAS Acquisition Company, LLC 1 3.63% $6,040
CONTOUR MORTGAGE CORPORATION 1 7.63% $6,479
CONTINENTAL MORTGAGE BANKERS, INC. 1 6.38% $7,965
Nations Lending Corporation 1 3.88% $6,994
CLIFFCO, INC. 1 5.50% $12,704
Citadel Servicing Corporation 1 4.50% $7,070
NEXERA HOLDING LLC 1 7.88% $12,594
NFM, INC. 1 5.88% $5,977
NJ LENDERS CORP. 1 4.50% $6,403
A&D Mortgage LLC 1 4.75% $18,986
N R L Federal Credit Union 1 4.75% $7,306
ON Q FINANCIAL, INC. 1 6.99% $3,840
PANORAMA MORTGAGE GROUP, LLC 1 6.88% $9,478
Paramount Residential Mortgage Group, Inc. 1 8.00% $11,032
PeoplesBank 1 4.75% $3,337
Plains Commerce Bank 1 6.88% $4,454
POLISH & SLAVIC FEDERAL CREDIT UNION 1 3.25% $4,476
PREMIA MORTGAGE, LLC 1 5.75% $0
BNY Mellon 1 3.25% $6,892
RADIUS FINANCIAL GROUP INC. 1 6.63% $7,287
Raymond James Bank 1 5.13% $2,619
Sanborn Mortgage Corporation 1 6.99% $3,459
BEST CAPITAL FUNDING 1 5.00% $3,700
BAYCOAST MORTGAGE COMPANY, LLC 1 4.88% $5,744
Silicon Valley Bank 1 4.25% $6,073
SIRVA MORTGAGE, INC. 1 4.25% $0
Strong Home Mortgage, LLC 1 3.99% $2,436
SUN WEST MORTGAGE COMPANY, INC. 1 4.38% $2,079
ASSOCIATED MORTGAGE BANKERS, INC. 1 5.63% $7,443
The Federal Savings Bank 1 3.50% $6,236
The Milford Bank 1 5.50% $10,293
Arvest Bank 1 4.50% $5,045
Third Federal Savings and Loan Association of Cleveland 1 3.84% $295
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 7.00% $7,934
AmRes Corporation 1 5.63% $5,381

Torrington Average Closing Costs & Other Stats

Torrington, CT's 183 lenders originated 5,225 loans during 2022. The total origination value was $1,429,365,000, with an average loan value of $273,563.

Torrington's average closing costs are $5,524.

The top Torrington lender as defined by loan originations is QUICKEN LOANS, LLC, with 178 loans originated. Their average total fees are $7,152, which is $750 higher than the next largest lender, TOTAL MORTGAGE SERVICES, LLC.

The lowest fee Torrington lenders (with over 10 loans originated) are Liberty Bank ($3,201), The Torrington Savings Bank ($3,383), Thomaston Savings Bank ($3,412), MUTUAL SECURITY CREDIT UNION ($3,718) and Union Savings Bank ($3,931).

The lowest rate Torrington lenders (with over 10 loans originated) are First Republic Bank (3.16%), Citibank (3.40%), Morgan Stanley Private Bank (3.48%), Bank of America (3.72%) and U.S. Bank (3.98%).

Torrington, CT Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
QUICKEN LOANS, LLC $181,775,000 $71,200,000 -60.8% 5.0%
Webster Bank $86,695,000 $61,525,000 -29.0% 4.3%
TOTAL MORTGAGE SERVICES, LLC $92,140,000 $59,320,000 -35.6% 4.2%
Bank of America $61,000,000 $55,055,000 -9.7% 3.9%
Thomaston Savings Bank $79,230,000 $53,365,000 -32.6% 3.7%
Salisbury Bank and Trust Company $63,310,000 $49,310,000 -22.1% 3.4%
JPMorgan Chase Bank $91,340,000 $47,250,000 -48.3% 3.3%
Wells Fargo Bank $77,555,000 $45,375,000 -41.5% 3.2%
The Torrington Savings Bank $64,290,000 $41,665,000 -35.2% 2.9%
Northwest Community Bank $51,720,000 $39,025,000 -24.5% 2.7%
Union Savings Bank $545,000 $36,795,000 6,651.4% 2.6%
Newtown Savings Bank $36,635,000 $32,420,000 -11.5% 2.3%
UNITED WHOLESALE MORTGAGE, LLC $36,730,000 $31,900,000 -13.2% 2.2%
LOANDEPOT.COM, LLC $63,045,000 $31,700,000 -49.7% 2.2%
Citizens Bank $56,145,000 $31,190,000 -44.4% 2.2%
CROSSCOUNTRY MORTGAGE, LLC $31,530,000 $30,195,000 -4.2% 2.1%
Citibank $53,795,000 $28,990,000 -46.1% 2.0%
FIRST WORLD MORTGAGE CORPORATION $41,135,000 $27,840,000 -32.3% 1.9%
NORWICH COMMERCIAL GROUP, INC. $54,920,000 $25,615,000 -53.4% 1.8%
Berkshire Bank $175,000 $24,100,000 13,671.4% 1.7%
GUARANTEED RATE, INC. $55,650,000 $22,210,000 -60.1% 1.6%
U.S. Bank $28,490,000 $21,495,000 -24.6% 1.5%
GUARANTEED RATE AFFINITY, LLC $31,800,000 $18,195,000 -42.8% 1.3%
First Republic Bank $21,495,000 $17,460,000 -18.8% 1.2%
HOME POINT FINANCIAL CORPORATION $27,425,000 $15,855,000 -42.2% 1.1%
Mortgage Research Center, LLC $18,485,000 $15,295,000 -17.3% 1.1%
Morgan Stanley Private Bank $12,485,000 $14,590,000 16.9% 1.0%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $11,795,000 $14,585,000 23.7% 1.0%
M&T Bank $6,965,000 $13,085,000 87.9% 0.9%
TD Bank $21,160,000 $12,910,000 -39.0% 0.9%
AMERISAVE MORTGAGE CORPORATION $25,955,000 $11,395,000 -56.1% 0.8%
Prosperity Home Mortgage, LLC $10,860,000 $11,210,000 3.2% 0.8%
Mr. Cooper ( Nationstar Mortgage ) $28,795,000 $10,965,000 -61.9% 0.8%
UBS Bank USA $9,915,000 $10,885,000 9.8% 0.8%
Flagstar Bank, FSB $20,305,000 $10,645,000 -47.6% 0.7%
NAVY FEDERAL CREDIT UNION $8,010,000 $10,210,000 27.5% 0.7%
CALIBER HOME LOANS, INC. $14,760,000 $9,440,000 -36.0% 0.7%
HOMEBRIDGE FINANCIAL SERVICES, INC. $11,785,000 $8,760,000 -25.7% 0.6%
FREEDOM MORTGAGE CORPORATION $43,335,000 $7,830,000 -81.9% 0.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $10,440,000 $7,585,000 -27.3% 0.5%
MOVEMENT MORTGAGE, LLC $12,145,000 $7,515,000 -38.1% 0.5%
NEWREZ LLC $38,625,000 $6,680,000 -82.7% 0.5%
Savings Bank of Danbury $10,955,000 $6,670,000 -39.1% 0.5%
WILLIAM RAVEIS MORTGAGE, LLC $15,255,000 $6,645,000 -56.4% 0.5%
Liberty Bank $10,000,000 $6,285,000 -37.2% 0.4%
Carrington Mortgage Services, LLC $10,160,000 $6,145,000 -39.5% 0.4%
PENNYMAC LOAN SERVICES, LLC $13,290,000 $6,025,000 -54.7% 0.4%
MUTUAL SECURITY CREDIT UNION $3,480,000 $5,915,000 70.0% 0.4%
WATERBURY CONNECTICUT TEACHERS FEDERAL CREDIT UNION $6,785,000 $5,835,000 -14.0% 0.4%
First Horizon Bank $5,780,000 n/a 0.4%
GuardHill Financial Corp. $1,705,000 $5,635,000 230.5% 0.4%
Ion Bank $10,695,000 $5,585,000 -47.8% 0.4%
City National Bank $11,905,000 $5,325,000 -55.3% 0.4%
Evolve Bank & Trust $13,925,000 $5,195,000 -62.7% 0.4%
HOMESTEAD FUNDING CORP. $7,530,000 $4,960,000 -34.1% 0.3%
Goldman Sachs Bank USA $2,515,000 $4,675,000 85.9% 0.3%
FINANCE OF AMERICA MORTGAGE LLC $4,455,000 $4,570,000 2.6% 0.3%
SIKORSKY FINANCIAL $4,685,000 $4,525,000 -3.4% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $4,925,000 $4,395,000 -10.8% 0.3%
BAY EQUITY LLC $6,805,000 $4,300,000 -36.8% 0.3%
Paramount Residential Mortgage Group, Inc. $1,120,000 $4,040,000 260.7% 0.3%
PROVIDENT FUNDING ASSOCIATES, L.P. $6,210,000 $3,955,000 -36.3% 0.3%
PNC Bank $8,385,000 $3,610,000 -56.9% 0.3%
PLAZA HOME MORTGAGE, INC. $4,725,000 $3,550,000 -24.9% 0.2%
Stifel Bank and Trust $7,760,000 $3,530,000 -54.5% 0.2%
Northfield Bank $3,435,000 n/a 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $6,780,000 $3,265,000 -51.8% 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $6,475,000 $3,225,000 -50.2% 0.2%
CONNECTICUT STATE EMPLOYEES $3,340,000 $3,170,000 -5.1% 0.2%
Leader Bank $6,005,000 $3,170,000 -47.2% 0.2%
REVERSE MORTGAGE FUNDING LLC $3,145,000 n/a 0.2%
PRYSMA LENDING GROUP, LLC $3,970,000 $2,970,000 -25.2% 0.2%
GUILD MORTGAGE COMPANY $145,000 $2,960,000 1,941.4% 0.2%
MEMBERS MORTGAGE COMPANY, INC. $2,980,000 $2,955,000 -0.8% 0.2%
BROKER SOLUTIONS, INC. $7,060,000 $2,915,000 -58.7% 0.2%
People's United Bank $24,790,000 $2,900,000 -88.3% 0.2%
Fieldpoint Private Bank & Trust $2,865,000 n/a 0.2%
FINANCE OF AMERICA REVERSE LLC $2,780,000 n/a 0.2%
NBKC BANK $3,035,000 $2,735,000 -9.9% 0.2%
Northpointe Bank $1,375,000 $2,695,000 96.0% 0.2%
RF Renovo Management Company, LLC $2,690,000 n/a 0.2%
Fairfield County Bank $4,500,000 $2,680,000 -40.4% 0.2%
KeyBank $6,495,000 $2,660,000 -59.0% 0.2%
AMERICAN EAGLE FINANCIAL CREDIT UNION $2,645,000 $2,655,000 0.4% 0.2%
ENVOY MORTGAGE, LTD $4,715,000 $2,655,000 -43.7% 0.2%
BETTER MORTGAGE CORPORATION $32,645,000 $2,615,000 -92.0% 0.2%
USAlliance Federal Credit Union $655,000 $2,595,000 296.2% 0.2%
EQUITY RESOURCES, INC. $4,215,000 $2,590,000 -38.6% 0.2%
Charles Schwab Bank, SSB $11,100,000 $2,585,000 -76.7% 0.2%
USAA Federal Savings Bank $3,905,000 $2,480,000 -36.5% 0.2%
NATIONWIDE MORTGAGE BANKERS, INC. $2,980,000 $2,445,000 -18.0% 0.2%
LAKEVIEW LOAN SERVICING, LLC $8,655,000 $2,375,000 -72.6% 0.2%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $2,170,000 $2,220,000 2.3% 0.2%
MORTGAGE MARKETS CUSO, LLC $3,515,000 $2,185,000 -37.8% 0.2%
PHH Mortgage Corporation $1,970,000 $2,180,000 10.7% 0.2%
NEW DAY FINANCIAL, LLC $2,875,000 $2,125,000 -26.1% 0.1%
ARC HOME LLC $2,390,000 $2,065,000 -13.6% 0.1%
Ally Bank $1,905,000 $1,990,000 4.5% 0.1%
ZILLOW HOME LOANS, LLC $2,990,000 $1,925,000 -35.6% 0.1%
HOMESIDE FINANCIAL, LLC $4,430,000 $1,915,000 -56.8% 0.1%
Mortgage Network, Inc. $1,215,000 $1,870,000 53.9% 0.1%
ConnectOne Bank $725,000 $1,850,000 155.2% 0.1%
Bethpage Federal Credit Union $255,000 $1,830,000 617.6% 0.1%
PENTAGON FEDERAL CREDIT UNION $1,640,000 $1,730,000 5.5% 0.1%
WASHINGTON TRUST MORTGAGE COMPANY LLC $570,000 $1,730,000 203.5% 0.1%
PROVINCE MORTGAGE ASSOCIATES, INC. $2,680,000 $1,680,000 -37.3% 0.1%
EMBRACE HOME LOANS, INC. $3,265,000 $1,660,000 -49.2% 0.1%
First County Bank $1,100,000 $1,600,000 45.5% 0.1%
HUDSON VALLEY CREDIT UNION $1,545,000 $1,580,000 2.3% 0.1%
BNC National Bank $1,125,000 $1,525,000 35.6% 0.1%
BNY Mellon $2,210,000 $1,505,000 -31.9% 0.1%
Independent Bank $1,505,000 n/a 0.1%
EVERETT FINANCIAL, INC. $1,495,000 n/a 0.1%
Lee Bank $1,405,000 n/a 0.1%
The Pittsfield Co-operative Bank $1,850,000 $1,390,000 -24.9% 0.1%
A&D Mortgage LLC $195,000 $1,340,000 587.2% 0.1%
LENDINGHOME FUNDING CORPORATION $1,055,000 $1,330,000 26.1% 0.1%
Magnolia Bank $5,165,000 $1,305,000 -74.7% 0.1%
The Northern Trust Company $1,105,000 $1,305,000 18.1% 0.1%
Third Federal Savings and Loan Association of Cleveland $1,385,000 $1,280,000 -7.6% 0.1%
Farm Credit East, ACA $1,160,000 $1,275,000 9.9% 0.1%
The Federal Savings Bank $4,320,000 $1,265,000 -70.7% 0.1%
First Home Bank $685,000 $1,260,000 83.9% 0.1%
Discover Bank $1,225,000 $1,235,000 0.8% 0.1%
RELIANCE FIRST CAPITAL, LLC $2,110,000 $1,220,000 -42.2% 0.1%
NUTMEG STATE FINANCIAL $4,335,000 $1,200,000 -72.3% 0.1%
CHERRY CREEK MORTGAGE, LLC $1,790,000 $1,185,000 -33.8% 0.1%
PLANET HOME LENDING, LLC $155,000 $1,180,000 661.3% 0.1%
First National Bank of America $775,000 $1,170,000 51.0% 0.1%
Windosr Federal Savings & Loan Association $675,000 $1,170,000 73.3% 0.1%
UNITED MORTGAGE CORP. $2,280,000 $1,155,000 -49.3% 0.1%
SOFI LENDING CORP. $2,150,000 $1,150,000 -46.5% 0.1%
Jewett City Savings Bank $240,000 $1,145,000 377.1% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,880,000 $1,145,000 -39.1% 0.1%
LIMA ONE CAPITAL, LLC $625,000 $1,120,000 79.2% 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $165,000 $1,110,000 572.7% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $185,000 $1,060,000 473.0% 0.1%
AMERICAN INTERNET MORTGAGE, INC. $195,000 $1,055,000 441.0% 0.1%
Chelsea Groton Bank $360,000 $1,030,000 186.1% 0.1%
UNITED NORTHERN MORTGAGE BANKERS LIMITED $655,000 $1,030,000 57.3% 0.1%
CMG MORTGAGE, INC. $2,930,000 $1,025,000 -65.0% 0.1%
AMERICHOICE $1,015,000 n/a 0.1%
First Guaranty Mortgage Corporation $2,575,000 $1,010,000 -60.8% 0.1%
Quontic Bank $1,335,000 $1,010,000 -24.3% 0.1%
KINECTA $1,005,000 n/a 0.1%
Waterstone Mortgage Corporation $300,000 $965,000 221.7% 0.1%
Silicon Valley Bank $825,000 $945,000 14.5% 0.1%
Mortgage Bank of California $745,000 $940,000 26.2% 0.1%
NJ LENDERS CORP. $1,080,000 $935,000 -13.4% 0.1%
AMERICAN ADVISORS GROUP $430,000 $920,000 114.0% 0.1%
ALLIED MORTGAGE GROUP, INC. $1,830,000 $850,000 -53.6% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $3,915,000 $825,000 -78.9% 0.1%
The Washington Trust Company, of Westerly $590,000 $805,000 36.4% 0.1%
Monson Savings Bank $790,000 n/a 0.1%
Figure Lending LLC $705,000 $785,000 11.3% 0.1%
HOMEXPRESS MORTGAGE CORP. $355,000 $780,000 119.7% 0.1%
NORTHPOINT MORTGAGE, INC. $770,000 n/a 0.1%
SPRING EQ, LLC $825,000 $745,000 -9.7% 0.1%
AMERICAN FINANCING CORPORATION $1,920,000 $730,000 -62.0% 0.1%
AmRes Corporation $905,000 $700,000 -22.7% 0.0%
HANSCOM $205,000 $680,000 231.7% 0.0%
First Bank $675,000 n/a 0.0%
East Coast Capital Corp. $670,000 n/a 0.0%
TEACHERS $665,000 n/a 0.0%
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. $1,125,000 $660,000 -41.3% 0.0%
BAYCOAST MORTGAGE COMPANY, LLC $1,460,000 $655,000 -55.1% 0.0%
Equity Prime Mortgage LLC $740,000 $650,000 -12.2% 0.0%
Watermark Capital, Inc. $1,415,000 $650,000 -54.1% 0.0%
Dime Bank $545,000 $625,000 14.7% 0.0%
First Savings Bank $245,000 $620,000 153.1% 0.0%
Wyndham Capital Mortgage, Inc. $2,695,000 $615,000 -77.2% 0.0%
ASSOCIATED MORTGAGE BANKERS, INC. $610,000 n/a 0.0%
INLAND BANK & TRUST $610,000 n/a 0.0%
Cross River Bank $605,000 n/a 0.0%
Quad City Bank and Trust Company $605,000 n/a 0.0%
United Nations Federal Credit Union $595,000 $605,000 1.7% 0.0%
Metro City Bank $360,000 $595,000 65.3% 0.0%
SILVER HILL FUNDING, LLC $500,000 $585,000 17.0% 0.0%
NFM, INC. $390,000 $580,000 48.7% 0.0%
CLIFFCO, INC. $105,000 $555,000 428.6% 0.0%
TEMPLE VIEW CAPITAL FUNDING, LP $250,000 $550,000 120.0% 0.0%
ATHAS CAPITAL GROUP, INC. $260,000 $545,000 109.6% 0.0%
Raymond James Bank $1,485,000 $545,000 -63.3% 0.0%
Barrington Bank & Trust Company, N.A. $2,650,000 $525,000 -80.2% 0.0%
FirstBank $1,075,000 $525,000 -51.2% 0.0%
ANGEL OAK MORTGAGE SOLUTIONS LLC $3,750,000 $500,000 -86.7% 0.0%
CONTOUR MORTGAGE CORPORATION $2,630,000 $500,000 -81.0% 0.0%
EASTERN CONNECTICUT SAVINGS BANK $970,000 $500,000 -48.5% 0.0%
LENDSURE MORTGAGE CORP. $785,000 $495,000 -36.9% 0.0%
CONTINENTAL MORTGAGE BANKERS, INC. $490,000 n/a 0.0%
Westfield Bank $735,000 $490,000 -33.3% 0.0%
The Central Trust Bank $405,000 $475,000 17.3% 0.0%
DEPARTMENT OF COMMERCE $465,000 n/a 0.0%
MID-ISLAND MORTGAGE CORP. $465,000 n/a 0.0%
NEXERA HOLDING LLC $465,000 n/a 0.0%
Bank-Fund Staff Federal Credit Union $455,000 n/a 0.0%
Florida Capital Bank $445,000 n/a 0.0%
First Internet Bank of Indiana $435,000 $425,000 -2.3% 0.0%
Guilford Savings Bank The $370,000 $425,000 14.9% 0.0%
SIRVA MORTGAGE, INC. $215,000 $425,000 97.7% 0.0%
Valley National Bank $3,270,000 $415,000 -87.3% 0.0%
Lakeview Community Capital, LLC $1,625,000 $410,000 -74.8% 0.0%
BNB Bank $635,000 $405,000 -36.2% 0.0%
HSBC BANK USA, NATIONAL ASSOCIATION $2,750,000 $405,000 -85.3% 0.0%
N R L Federal Credit Union $405,000 n/a 0.0%
The Milford Bank $405,000 n/a 0.0%
American Airlines Federal Credit Union $400,000 n/a 0.0%
Bell Bank $395,000 n/a 0.0%
Notre Dame Federal Credit Union Corporation $395,000 n/a 0.0%
GREYLOCK $265,000 $390,000 47.2% 0.0%
PREMIA MORTGAGE, LLC $385,000 $385,000 0.0% 0.0%
EMM LOANS LLC $400,000 $370,000 -7.5% 0.0%
The Dutch Point Credit Union, Inc. $125,000 $360,000 188.0% 0.0%
FM Home Loans, LLC $1,925,000 $345,000 -82.1% 0.0%
BEST CAPITAL FUNDING $335,000 n/a 0.0%
QUORUM FEDERAL CREDIT UNION $115,000 $325,000 182.6% 0.0%
Strong Home Mortgage, LLC $730,000 $325,000 -55.5% 0.0%
UNITED $325,000 n/a 0.0%
Luxury Mortgage Corp. $1,260,000 $315,000 -75.0% 0.0%
DAS Acquisition Company, LLC $305,000 n/a 0.0%
Navigant Credit Union $165,000 $305,000 84.8% 0.0%
Hartford Federal Credit Union $855,000 $285,000 -66.7% 0.0%
Tompkins Trust Company $275,000 n/a 0.0%
MASSMUTUAL $270,000 n/a 0.0%
JET DIRECT FUNDING CORP $205,000 $265,000 29.3% 0.0%
RADIUS FINANCIAL GROUP INC. $270,000 $265,000 -1.9% 0.0%
Capital Bank $485,000 $255,000 -47.4% 0.0%
TOWER $250,000 n/a 0.0%
Century Mortgage Company DBA Century Lending Company $245,000 n/a 0.0%
Charter Oak Federal Credit Union $1,565,000 $245,000 -84.3% 0.0%
Santander Bank, N.A. $1,600,000 $245,000 -84.7% 0.0%
AMERICAN HERITAGE LENDING, INC. $240,000 n/a 0.0%
BECKAM FUNDING CORP. $235,000 n/a 0.0%
PCSB Bank $575,000 $235,000 -59.1% 0.0%
The Huntington National Bank $235,000 n/a 0.0%
US MORTGAGE CORPORATION $235,000 n/a 0.0%
NATIONS DIRECT MORTGAGE, LLC $335,000 $225,000 -32.8% 0.0%
First Federal Bank $2,865,000 $215,000 -92.5% 0.0%
R M K FINANCIAL CORP. $215,000 n/a 0.0%
Service Federal Credit Union $215,000 n/a 0.0%
UNION HOME MORTGAGE CORP. $215,000 n/a 0.0%
VILLAGE CAPITAL MORTGAGE $1,370,000 $210,000 -84.7% 0.0%
GUIDANCE RESIDENTIAL, LLC $205,000 n/a 0.0%
ON Q FINANCIAL, INC. $205,000 n/a 0.0%
Sanborn Mortgage Corporation $890,000 $205,000 -77.0% 0.0%
GSF Mortgage Corporation $195,000 n/a 0.0%
Plains Commerce Bank $205,000 $195,000 -4.9% 0.0%
CHURCHILL MORTGAGE CORPORATION $595,000 $185,000 -68.9% 0.0%
GUARANTY HOME MORTGAGE CORPORATION $1,475,000 $185,000 -87.5% 0.0%
LEADERONE FINANCIAL CORPORATION $880,000 $185,000 -79.0% 0.0%
Servion, Inc. $325,000 $185,000 -43.1% 0.0%
Deere Employees Credit Union $75,000 $180,000 140.0% 0.0%
The People's Credit Union $180,000 n/a 0.0%
ACADEMY MORTGAGE CORPORATION $820,000 $175,000 -78.7% 0.0%
OCMBC, INC. $270,000 $175,000 -35.2% 0.0%
POLISH & SLAVIC FEDERAL CREDIT UNION $265,000 $175,000 -34.0% 0.0%
360 Federal Credit Union $395,000 $170,000 -57.0% 0.0%
PANORAMA MORTGAGE GROUP, LLC $225,000 $165,000 -26.7% 0.0%
PeoplesBank $160,000 n/a 0.0%
Arvest Bank $155,000 n/a 0.0%
FINEX CREDIT UNION $155,000 $155,000 0.0% 0.0%
Hometown Equity Mortgage, LLC $1,220,000 $155,000 -87.3% 0.0%
Nations Lending Corporation $2,625,000 $155,000 -94.1% 0.0%
DREW MORTGAGE ASSOCIATES, INC. $135,000 n/a 0.0%
FAY SERVICING, LLC $135,000 n/a 0.0%
SIWELL, INC. $225,000 $135,000 -40.0% 0.0%
ACHIEVE FINANCIAL $125,000 n/a 0.0%
Citadel Servicing Corporation $1,365,000 $125,000 -90.8% 0.0%
CONNEX CREDIT UNION $45,000 $125,000 177.8% 0.0%
DEEPHAVEN MORTGAGE LLC $115,000 n/a 0.0%
RESIDENTIAL BANCORP. $115,000 n/a 0.0%
ALLIANT CREDIT UNION $925,000 $110,000 -88.1% 0.0%
Chicago Mortgage Solutions LLC $1,700,000 $85,000 -95.0% 0.0%
COMTRUST Federal Credit Union $75,000 n/a 0.0%
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $95,000 $75,000 -21.1% 0.0%
TRIAD FINANCIAL SERVICES, INC. $75,000 $55,000 -26.7% 0.0%
AFFINITY $45,000 n/a 0.0%
The Canandaigua National Bank and Trust Company $45,000 n/a 0.0%
AMERICAN HERITAGE FCU $25,000 n/a 0.0%
Baxter Credit Union $335,000 $25,000 -92.5% 0.0%
GREENWOOD $25,000 n/a 0.0%
Northwest Federal Credit Union $25,000 n/a 0.0%

Torrington's top lender by overall market share is QUICKEN LOANS, LLC, with 5.0% market share. In second place, with 4.3%, is Webster Bank, having originated $61,525,000 in loans. In third place, with 4.2%, is TOTAL MORTGAGE SERVICES, LLC, having originated $59,320,000 in loans. In fourth place, with 3.9%, is Bank of America, having originated $55,055,000 in loans. In fifth place, with 3.7%, is Thomaston Savings Bank, having originated $53,365,000 in loans.


Torrington Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Torrington (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 $349,900 (6.1%) $641,343 (-0.4%) 1.30 1,364
2018-02-01 $354,500 (6.0%) $653,188 (-0.2%) 1.29 1,345
2018-03-01 $357,700 (3.9%) $638,650 (-6.9%) 1.26 1,392
2018-04-01 $359,000 (2.6%) $640,199 (-6.7%) 1.22 1,455
2018-05-01 $349,900 (-2.7%) $636,073 (-5.7%) 1.17 1,587
2018-06-01 $349,900 (-2.5%) $645,760 (-3.9%) 1.17 1,712
2018-07-01 $350,000 (-2.8%) $651,608 (-3.5%) 1.17 1,764
2018-08-01 $353,725 (1.2%) $656,358 (0.4%) 1.19 1,760
2018-09-01 $349,000 (-0.3%) $659,014 (0.6%) 1.17 1,755
2018-10-01 $344,350 (-1.6%) $660,543 (3.0%) 1.17 1,710
2018-11-01 $349,925 (0.0%) $676,375 (4.6%) 1.19 1,585
2018-12-01 $349,000 (-0.1%) $681,681 (7.7%) 1.20 1,477
2019-01-01 $349,900 (0.0%) $701,843 (9.4%) 1.21 1,343
2019-02-01 $353,475 (-0.3%) $708,797 (8.5%) 1.19 1,316
2019-03-01 $374,900 (4.8%) $715,745 (12.1%) 1.25 1,274
2019-04-01 $378,929 (5.6%) $708,064 (10.6%) 1.20 1,335
2019-05-01 $369,000 (5.5%) $690,930 (8.6%) 1.15 1,457
2019-06-01 $369,000 (5.5%) $678,316 (5.0%) 1.15 1,585
2019-07-01 $369,450 (5.6%) $668,004 (2.5%) 1.16 1,614
2019-08-01 $369,900 (4.6%) $665,853 (1.5%) 1.16 1,608
2019-09-01 $379,900 (8.9%) $674,391 (2.3%) 1.20 1,554
2019-10-01 $375,000 (8.9%) $659,038 (-0.2%) 1.21 1,575
2019-11-01 $387,250 (10.7%) $677,361 (0.2%) 1.27 1,428
2019-12-01 $388,575 (11.3%) $695,654 (2.1%) 1.30 1,268
2020-01-01 $395,000 (12.9%) $706,639 (0.7%) 1.32 1,155
2020-02-01 $395,000 (11.8%) $704,069 (-0.7%) 1.29 1,103
2020-03-01 $399,000 (6.4%) $713,117 (-0.4%) 1.25 1,064
2020-04-01 $398,950 (5.3%) $720,458 (1.8%) 1.25 1,002
2020-05-01 $395,000 (7.1%) $694,918 (0.6%) 1.20 914
2020-06-01 $416,200 (12.8%) $789,814 (16.4%) 1.23 864
2020-07-01 $444,900 (20.4%) $826,047 (23.7%) 1.29 874
2020-08-01 $439,900 (18.9%) $814,641 (22.4%) 1.26 869
2020-09-01 $466,200 (22.7%) $823,199 (22.1%) 1.34 878
2020-10-01 $479,000 (27.7%) $848,641 (28.8%) 1.37 880
2020-11-01 $487,450 (25.9%) $888,957 (31.2%) 1.43 752
2020-12-01 $499,450 (28.5%) $922,267 (32.6%) 1.49 656
2021-01-01 $509,900 (29.1%) $1,071,864 (51.7%) 1.52 562
2021-02-01 $529,000 (33.9%) $1,122,294 (59.4%) 1.54 472
2021-03-01 $541,450 (35.7%) $1,183,788 (66.0%) 1.54 454
2021-04-01 $539,950 (35.3%) $1,119,098 (55.3%) 1.46 471
2021-05-01 $548,000 (38.7%) $1,139,519 (64.0%) 1.46 504
2021-06-01 $527,000 (26.6%) $1,096,759 (38.9%) 1.39 573
2021-07-01 $499,900 (12.4%) $1,041,410 (26.1%) 1.32 673
2021-08-01 $499,000 (13.4%) $1,008,902 (23.9%) 1.33 687
2021-09-01 $499,900 (7.2%) $1,011,388 (22.9%) 1.33 655
2021-10-01 $489,900 (2.3%) $1,000,387 (17.9%) 1.31 633
2021-11-01 $494,450 (1.4%) $1,045,673 (17.6%) 1.32 542
2021-12-01 $502,400 (0.6%) $1,066,235 (15.6%) 1.36 462
2022-01-01 $529,450 (3.8%) $1,218,183 (13.7%) 1.43 389
2022-02-01 $559,500 (5.8%) $1,280,928 (14.1%) 1.46 329
2022-03-01 $547,450 (1.1%) $1,213,733 (2.5%) 1.37 328
2022-04-01 $549,000 (1.7%) $1,185,915 (6.0%) 1.31 347
2022-05-01 $539,788 (-1.5%) $1,164,542 (2.2%) 1.23 428
2022-06-01 $549,900 (4.4%) $1,149,266 (4.8%) 1.22 491
2022-07-01 $539,900 (8.0%) $1,085,630 (4.3%) 1.22 523
2022-08-01 $554,675 (11.2%) $1,137,378 (12.7%) 1.28 527
2022-09-01 $553,450 (10.7%) $1,154,949 (14.2%) 1.29 496
2022-10-01 $545,000 (11.3%) $1,124,370 (12.4%) 1.28 480
2022-11-01 $527,000 (6.6%) $1,143,627 (9.4%) 1.27 435
2022-12-01 $549,999 (9.5%) $1,178,516 (10.5%) 1.36 387
2023-01-01 $566,000 (6.9%) $1,237,991 (1.6%) 1.40 325
2023-02-01 $598,500 (7.0%) $1,255,107 (-2.0%) 1.44 293
2023-03-01 $642,425 (17.4%) $1,305,840 (7.6%) 1.51 298
2023-04-01 $675,000 (23.0%) $1,336,434 (12.7%) 1.57 308
Torrington's median listing price for 2023-04-01 was $675,000, a difference of $126,000 (23.0%) versus the prior year and $32,575 versus the prior month.

Torrington's median listing price comes in at 157% of the national average.

Torrington's average listing price for 2023-04-01 was $1,336,434, a difference of $150,519 (12.7%) versus the prior year and $30,594 versus the prior month.

For the 2023-04-01 period, Torrington had 308 MLS listings, a difference of 10 listings (3%) versus the prior month and -39 listings (-11%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Torrington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 141 days 2,075 sqft
2018-02-01 148 days 2,104 sqft
2018-03-01 144 days 2,089 sqft
2018-04-01 97 days 2,121 sqft
2018-05-01 81 days 2,102 sqft
2018-06-01 81 days 2,113 sqft
2018-07-01 87 days 2,131 sqft
2018-08-01 101 days 2,127 sqft
2018-09-01 107 days 2,089 sqft
2018-10-01 118 days 2,055 sqft
2018-11-01 126 days 2,057 sqft
2018-12-01 131 days 2,031 sqft
2019-01-01 140 days 2,027 sqft
2019-02-01 147 days 2,050 sqft
2019-03-01 140 days 2,119 sqft
2019-04-01 95 days 2,137 sqft
2019-05-01 78 days 2,218 sqft
2019-06-01 78 days 2,284 sqft
2019-07-01 85 days 2,271 sqft
2019-08-01 95 days 2,304 sqft
2019-09-01 106 days 2,335 sqft
2019-10-01 105 days 2,298 sqft
2019-11-01 113 days 2,283 sqft
2019-12-01 133 days 2,258 sqft
2020-01-01 139 days 2,277 sqft
2020-02-01 145 days 2,282 sqft
2020-03-01 143 days 2,305 sqft
2020-04-01 137 days 2,301 sqft
2020-05-01 106 days 2,277 sqft
2020-06-01 94 days 2,374 sqft
2020-07-01 61 days 2,422 sqft
2020-08-01 59 days 2,400 sqft
2020-09-01 59 days 2,439 sqft
2020-10-01 57 days 2,424 sqft
2020-11-01 72 days 2,461 sqft
2020-12-01 88 days 2,471 sqft
2021-01-01 107 days 2,476 sqft
2021-02-01 128 days 2,444 sqft
2021-03-01 120 days 2,426 sqft
2021-04-01 57 days 2,409 sqft
2021-05-01 47 days 2,400 sqft
2021-06-01 45 days 2,329 sqft
2021-07-01 47 days 2,233 sqft
2021-08-01 52 days 2,116 sqft
2021-09-01 63 days 2,129 sqft
2021-10-01 75 days 2,120 sqft
2021-11-01 86 days 2,136 sqft
2021-12-01 89 days 2,144 sqft
2022-01-01 103 days 2,249 sqft
2022-02-01 106 days 2,276 sqft
2022-03-01 59 days 2,218 sqft
2022-04-01 48 days 2,150 sqft
2022-05-01 36 days 2,114 sqft
2022-06-01 37 days 2,222 sqft
2022-07-01 42 days 2,175 sqft
2022-08-01 50 days 2,361 sqft
2022-09-01 58 days 2,330 sqft
2022-10-01 71 days 2,268 sqft
2022-11-01 75 days 2,294 sqft
2022-12-01 89 days 2,322 sqft
2023-01-01 101 days 2,319 sqft
2023-02-01 111 days 2,466 sqft
2023-03-01 71 days 2,469 sqft
2023-04-01 57 days 2,466 sqft
Torrington's median listing age (time on market) for 2023-04-01 was 57 days. This is 19% longer than the same period one year ago.

Torrington's median square footage for active listings during the 2023-04-01 period was 2,466 sqft. One year prior, the average listing was 2,150 sqft.

Torrington, CT Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,661 $836,135,000 $314,218
Cash Out Refi 980 $259,610,000 $264,908
Refi 785 $208,515,000 $265,624
Home Improvement 423 $52,385,000 $123,842
Other 376 $72,720,000 $193,404

Torrington's most frequently cited loan purpose was Home Purchase, with 2,661 originations. The 2nd most popular reason was Cash Out Refi, with 980 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 1,319 $398,635,000 $302,225
4-5% 1,118 $301,030,000 $269,258
5-6% 1,114 $275,890,000 $247,657
6-7% 508 $112,840,000 $222,126
2.5-3% 385 $140,105,000 $363,909
<2.5% 359 $78,495,000 $218,649
7-8% 152 $31,850,000 $209,539
Over 8% 102 $14,380,000 $140,980

During 2022, Torrington's most frequently originated rate bucket was 3-4%, with 1,319 originations.

Loan Sizing (Torrington, CT MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 2,034 $562,240,000 $276,421
$100k-200k 1,504 $224,990,000 $149,594
$100,000 or less 936 $49,310,000 $52,682
$400k-600k 450 $212,560,000 $472,356
$600k-1000k 172 $125,610,000 $730,291
$Over $1MM 129 $254,655,000 $1,974,070

Torrington's loan sizing saw the bucket of loans from $200k-400k with 2,034 originations, totaling $562,240,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,762 $564,260,000 $320,238
60-80% 1,417 $484,315,000 $341,789
Under 20% 654 $37,140,000 $56,789
40-60% 605 $172,955,000 $285,876
20-40% 577 $81,145,000 $140,633
Over 100% 31 $10,025,000 $323,387

Torrington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,762 originations, totaling $564,260,000 in origination value.