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 6.88% for the week of 2024-07-11, compared to the national average of 6.89% for the same period.

The average rate for the prior week (2024-07-03) was 6.84% and one month ago for the week of 2024-06-06, the average rate was 6.68%.

Torrington's average rate one year ago was 6.9%.

For refis of the same type during the week of 2024-07-11, the average rate was 7.35%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-11 6.89%
Torrington 30 Year Fixed Rate 2024-07-11 6.88%
Torrington 30 Year Fixed Rate Refi 2024-07-11 7.35%
Torrington 15 Year Fixed Rate 2024-07-11 6.17%
Torrington 15 Year Fixed Rate Refi 2024-07-11 6.47%
Torrington 30 Year FHA 2024-07-11 6.34%
Torrington 30 Year FHA Refi 2024-07-11 6.46%
Torrington 30 Year USDA 2024-07-11 6.87%
Torrington 30 Year USDA Refi 2024-07-11 6.57%
Torrington 30 Year VA 2024-07-11 6.41%
Torrington 30 Year VA Refi 2024-07-11 6.46%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
TOTAL MORTGAGE SERVICES, LLC 112 7.07% $6,751
QUICKEN LOANS, LLC 108 6.87% $7,520
Thomaston Savings Bank 78 5.68% $3,875
The Torrington Savings Bank 64 6.01% $3,291
UNITED WHOLESALE MORTGAGE, LLC 63 6.78% $9,023
Newtown Savings Bank 58 6.16% $5,910
Union Savings Bank 55 5.68% $4,417
FIRST WORLD MORTGAGE CORPORATION 52 6.64% $5,867
CROSSCOUNTRY MORTGAGE, LLC 50 6.93% $6,572
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 37 6.71% $7,185
NORWICH COMMERCIAL GROUP, INC. 35 6.81% $5,786
JPMorgan Chase Bank 31 6.70% $5,504
Webster Bank 30 6.66% $2,721
GUARANTEED RATE AFFINITY, LLC 28 6.67% $6,337
Wells Fargo Bank 27 6.44% $5,210
Northwest Community Bank 25 6.06% $4,131
Citizens Bank 23 6.90% $7,732
MOVEMENT MORTGAGE, LLC 22 6.53% $6,957
Bank of America 20 6.01% $8,093
GUARANTEED RATE, INC. 17 6.70% $5,892
U.S. Bank 17 6.12% $7,471
Savings Bank of Danbury 16 5.95% $4,633
LOANDEPOT.COM, LLC 16 7.00% $8,274
PRYSMA LENDING GROUP, LLC 15 9.69% $12,284
Liberty Bank 14 6.51% $3,593
Citibank 14 5.18% $8,089
Flagstar Bank, FSB 13 6.66% $7,221
NBT Bank 13 5.69% $4,980
Prosperity Home Mortgage, LLC 12 7.10% $7,696
NEWREZ LLC 12 7.02% $6,532
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 11 6.76% $9,440
HOMESTEAD FUNDING CORP. 11 6.74% $4,143
WILLIAM RAVEIS MORTGAGE, LLC 11 6.83% $6,460
Morgan Stanley Private Bank 11 5.78% $6,903
TD Bank 10 6.33% $3,469
PROVINCE MORTGAGE ASSOCIATES, INC. 9 7.00% $6,734
HOMEBRIDGE FINANCIAL SERVICES, INC. 9 6.26% $5,736
M&T Bank 8 6.36% $5,332
NAVY FEDERAL CREDIT UNION 8 7.64% $7,077
GUILD MORTGAGE COMPANY 8 6.56% $4,280
CMG MORTGAGE, INC. 8 7.11% $5,883
PLAZA HOME MORTGAGE, INC. 8 6.83% $8,165
MEMBERS MORTGAGE COMPANY, INC. 7 6.06% $3,982
T2 FINANCIAL LLC 7 7.02% $6,064
Evolve Bank & Trust 7 6.50% $4,816
Century Mortgage Company DBA Century Lending Company 6 7.75% $8,560
BETTER MORTGAGE CORPORATION 6 6.67% $6,140
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 6.52% $9,094
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.52% $9,089
Mr. Cooper ( Nationstar Mortgage ) 6 7.12% $8,624
CARDINAL FINANCIAL 6 7.00% $9,210
Mortgage Research Center, LLC 6 6.79% $3,023
PROVIDENT FUNDING ASSOCIATES, L.P. 5 6.70% $5,521
CALIBER HOME LOANS, INC. 5 6.77% $8,119
MORTGAGE MARKETS CUSO, LLC 5 6.70% $6,258
Leader Bank 5 6.65% $8,076
ENVOY MORTGAGE, LTD 5 6.50% $6,478
MUTUAL SECURITY CREDIT UNION 4 7.19% $4,158
DEEPHAVEN MORTGAGE LLC 4 8.81% $13,167
EQUITY RESOURCES, INC. 4 6.75% $4,973
Charles Schwab Bank, SSB 4 6.16% $5,725
BAY EQUITY LLC 4 6.47% $5,230
First National Bank of America 4 10.31% $11,040
ZILLOW HOME LOANS, LLC 4 6.63% $10,817
HUDSON VALLEY CREDIT UNION 4 6.66% $6,986
PNC Bank 3 6.17% $5,797
AMERISAVE MORTGAGE CORPORATION 3 6.21% $5,943
Bank of England 3 7.04% $6,524
GuardHill Financial Corp. 3 7.38% $8,197
JET DIRECT FUNDING CORP 3 6.63% $8,789
Keystone Funding, Inc. 3 7.04% $4,498
Magnolia Bank 3 6.88% $9,842
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.83% $7,295
NP, Inc. 3 8.83% $4,473
Paramount Residential Mortgage Group, Inc. 3 6.66% $9,249
PENNYMAC LOAN SERVICES, LLC 3 6.58% $4,693
SIKORSKY FINANCIAL 3 6.16% $5,851
USAA Federal Savings Bank 3 6.38% $7,034
Quontic Bank 2 10.50% $11,580
ARC HOME LLC 2 7.31% $4,962
Fairfield County Bank 2 7.06% $6,447
BROKER SOLUTIONS, INC. 2 6.56% $6,582
UBS Bank USA 2 6.88% $6,426
WASHINGTON TRUST MORTGAGE COMPANY LLC 2 6.50% $4,052
PLANET HOME LENDING, LLC 2 6.94% $14,575
BNY Mellon 2 6.63% $9,296
Bethpage Federal Credit Union 2 6.81% $4,143
NEXERA HOLDING LLC 2 8.06% $13,497
A&D Mortgage LLC 2 8.38% $16,017
EVERETT FINANCIAL, INC. 2 7.19% $10,290
NATIONS DIRECT MORTGAGE, LLC 2 7.38% $9,909
NATIONWIDE MORTGAGE BANKERS, INC. 2 6.81% $10,312
AMERICAN FINANCIAL NETWORK, INC. 2 7.94% $9,527
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 2 7.31% $19,309
Northpointe Bank 1 6.75% $6,194
NORTHPOINT MORTGAGE, INC. 1 7.00% $4,191
CONTINENTAL MORTGAGE BANKERS, INC. 1 6.88% $12,355
CLIFFCO, INC. 1 10.25% $11,992
AMERICAN FINANCE HOUSE LARIBA 1 7.75% $5,082
OAKTREE FUNDING CORP. 1 8.13% $8,606
OCMBC, INC. 1 9.75% $13,908
Ally Bank 1 5.75% $25,713
Peapack-Gladstone Bank 1 5.25% $6,237
Alerus Financial 1 7.13% $5,523
PeoplesBank 1 6.50% $4,482
City National Bank 1 6.85% $3,966
360 Federal Credit Union 1 5.88% $3,473
POLISH & SLAVIC FEDERAL CREDIT UNION 1 5.25% $5,910
PREMIA MORTGAGE, LLC 1 6.88% $973
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.38% $5,370
Citadel Servicing Corporation 1 10.63% $8,813
CIBM Bank 1 7.63% $18,880
CHURCHILL MORTGAGE CORPORATION 1 6.63% $4,460
Charter Oak Federal Credit Union 1 4.74% $3,609
Carrington Mortgage Services, LLC 1 7.13% $3,087
CANOPY MORTGAGE, LLC 1 7.13% $6,818
RESIDENTIAL HOME FUNDING CORP. 1 6.88% $6,104
Shamrock Home Loans, Inc. 1 5.88% $10,660
WINGS FINANCIAL 1 5.25% $17,477
The Camden National Bank 1 6.50% $4,468
The Federal Savings Bank 1 7.38% $7,573
The Loan Store, Inc. 1 7.63% $6,794
Berkshire Bank 1 5.50% $5,840
Barrington Bank & Trust Company, N.A. 1 6.25% $4,416
TOWNE MORTGAGE COMPANY 1 7.50% $4,752
Truist 1 6.20% $4,613
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 9.38% $19,892
GREYLOCK 1 5.63% $3,451
AMERICAN HERITAGE LENDING, INC. 1 7.88% $4,339
KELLER MORTGAGE, LLC 1 6.63% $6,115
KeyBank 1 6.25% $2,578
Kearny Bank 1 5.99% $4,698
Home Loan Investment Bank, F.S.B. 1 7.38% $5,553
GUIDANCE RESIDENTIAL, LLC 1 7.50% $7,100
United Nations Federal Credit Union 1 4.88% $7,437
Metro City Bank 1 7.38% $15,067
MidFirst Bank 1 6.00% $21,246
GREENSTATE CREDIT UNION 1 6.25% $6,626
MORTGAGE EQUITY PARTNERS LLC 1 7.13% $12,736
First Republic Bank 1 4.55% $4,132
First Federal Bank 1 6.75% $5,901
FINEX CREDIT UNION 1 7.13% $4,543
Fifth Third Bank 1 6.00% $4,844
Navigant Credit Union 1 7.25% $4,237
Equity Prime Mortgage LLC 1 7.38% $4,996
NBH Bank 1 6.13% $4,639
EQUITY NOW INC. 1 6.63% $12,464
EMM LOANS LLC 1 7.63% $16,020
East Coast Capital Corp. 1 7.50% $6,630
NexBank 1 7.99% $10,662

Torrington Average Closing Costs & Other Stats

Torrington, CT's 150 lenders originated 3,807 loans during 2023. The total origination value was $888,925,000, with an average loan value of $233,498.

Torrington's average closing costs are $5,744.

The top Torrington lender as defined by loan originations is TOTAL MORTGAGE SERVICES, LLC, with 112 loans originated. Their average total fees are $6,751, which is $770 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Torrington lenders (with over 10 loans originated) are Webster Bank ($2,721), The Torrington Savings Bank ($3,291), TD Bank ($3,469), Liberty Bank ($3,593) and Thomaston Savings Bank ($3,875).

The lowest rate Torrington lenders (with over 10 loans originated) are Citibank (5.18%), Union Savings Bank (5.68%), Thomaston Savings Bank (5.68%), NBT Bank (5.69%) and Morgan Stanley Private Bank (5.78%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Thomaston Savings Bank $53,365,000 $55,535,000 4.1% 6.2%
QUICKEN LOANS, LLC $71,200,000 $48,900,000 -31.3% 5.5%
TOTAL MORTGAGE SERVICES, LLC $59,320,000 $45,710,000 -22.9% 5.1%
The Torrington Savings Bank $41,665,000 $37,655,000 -9.6% 4.2%
Webster Bank $61,525,000 $33,365,000 -45.8% 3.8%
Union Savings Bank $36,795,000 $31,775,000 -13.6% 3.6%
UNITED WHOLESALE MORTGAGE, LLC $31,900,000 $29,925,000 -6.2% 3.4%
Bank of America $55,055,000 $28,780,000 -47.7% 3.2%
FIRST WORLD MORTGAGE CORPORATION $27,840,000 $26,915,000 -3.3% 3.0%
Newtown Savings Bank $32,420,000 $23,620,000 -27.1% 2.7%
CROSSCOUNTRY MORTGAGE, LLC $30,195,000 $22,930,000 -24.1% 2.6%
Northwest Community Bank $39,025,000 $21,080,000 -46.0% 2.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $14,585,000 $17,810,000 22.1% 2.0%
Citizens Bank $31,190,000 $16,510,000 -47.1% 1.9%
U.S. Bank $21,495,000 $15,370,000 -28.5% 1.7%
Wells Fargo Bank $45,375,000 $15,135,000 -66.6% 1.7%
Citibank $28,990,000 $15,095,000 -47.9% 1.7%
NORWICH COMMERCIAL GROUP, INC. $25,615,000 $14,020,000 -45.3% 1.6%
JPMorgan Chase Bank $47,250,000 $13,235,000 -72.0% 1.5%
Morgan Stanley Private Bank $14,590,000 $12,830,000 -12.1% 1.4%
GUARANTEED RATE AFFINITY, LLC $18,195,000 $12,095,000 -33.5% 1.4%
Salisbury Bank and Trust Company $49,310,000 $11,185,000 -77.3% 1.3%
Berkshire Bank $24,100,000 $11,100,000 -53.9% 1.2%
TD Bank $12,910,000 $11,070,000 -14.3% 1.2%
MOVEMENT MORTGAGE, LLC $7,515,000 $10,355,000 37.8% 1.2%
LOANDEPOT.COM, LLC $31,700,000 $10,345,000 -67.4% 1.2%
JONES LANG LASALLE MULTIFAMILY, LLC $9,585,000 n/a 1.1%
GUARANTEED RATE, INC. $22,210,000 $8,895,000 -60.0% 1.0%
Mortgage Research Center, LLC $15,295,000 $8,890,000 -41.9% 1.0%
NBT Bank $7,755,000 n/a 0.9%
M&T Bank $13,085,000 $7,570,000 -42.1% 0.9%
Liberty Bank $6,285,000 $7,340,000 16.8% 0.8%
Flagstar Bank, FSB $10,645,000 $6,895,000 -35.2% 0.8%
NEWREZ LLC $6,680,000 $6,665,000 -0.2% 0.7%
NAVY FEDERAL CREDIT UNION $10,210,000 $6,000,000 -41.2% 0.7%
PLAZA HOME MORTGAGE, INC. $3,550,000 $5,365,000 51.1% 0.6%
Savings Bank of Danbury $6,670,000 $5,275,000 -20.9% 0.6%
CMG MORTGAGE, INC. $1,025,000 $5,160,000 403.4% 0.6%
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $2,220,000 $4,790,000 115.8% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $10,965,000 $4,725,000 -56.9% 0.5%
Ion Bank $5,585,000 $4,685,000 -16.1% 0.5%
PRYSMA LENDING GROUP, LLC $2,970,000 $4,665,000 57.1% 0.5%
Prosperity Home Mortgage, LLC $11,210,000 $4,405,000 -60.7% 0.5%
BNY Mellon $1,505,000 $4,335,000 188.0% 0.5%
HOMESTEAD FUNDING CORP. $4,960,000 $4,200,000 -15.3% 0.5%
WILLIAM RAVEIS MORTGAGE, LLC $6,645,000 $4,100,000 -38.3% 0.5%
WATERBURY CONNECTICUT TEACHERS FEDERAL CREDIT UNION $5,835,000 $4,085,000 -30.0% 0.5%
HOMEBRIDGE FINANCIAL SERVICES, INC. $8,760,000 $3,865,000 -55.9% 0.4%
PENNYMAC LOAN SERVICES, LLC $6,025,000 $3,710,000 -38.4% 0.4%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $3,265,000 $3,555,000 8.9% 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $7,585,000 $3,370,000 -55.6% 0.4%
RF Renovo Management Company, LLC $2,690,000 $3,020,000 12.3% 0.3%
BROKER SOLUTIONS, INC. $2,915,000 $2,970,000 1.9% 0.3%
PROVINCE MORTGAGE ASSOCIATES, INC. $1,680,000 $2,930,000 74.4% 0.3%
MEMBERS MORTGAGE COMPANY, INC. $2,955,000 $2,815,000 -4.7% 0.3%
Carrington Mortgage Services, LLC $6,145,000 $2,615,000 -57.4% 0.3%
Charles Schwab Bank, SSB $2,585,000 $2,500,000 -3.3% 0.3%
GUILD MORTGAGE COMPANY $2,960,000 $2,475,000 -16.4% 0.3%
CARDINAL FINANCIAL $3,225,000 $2,460,000 -23.7% 0.3%
Century Mortgage Company DBA Century Lending Company $245,000 $2,430,000 891.8% 0.3%
Keystone Funding, Inc. $2,285,000 n/a 0.3%
Farm Credit East, ACA $1,275,000 $2,270,000 78.0% 0.3%
SIKORSKY FINANCIAL $4,525,000 $2,260,000 -50.1% 0.3%
NATIONS DIRECT MORTGAGE, LLC $225,000 $2,230,000 891.1% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $4,395,000 $2,220,000 -49.5% 0.2%
Evolve Bank & Trust $5,195,000 $2,115,000 -59.3% 0.2%
AMERISAVE MORTGAGE CORPORATION $11,395,000 $2,105,000 -81.5% 0.2%
FREEDOM MORTGAGE CORPORATION $7,830,000 $2,020,000 -74.2% 0.2%
Leader Bank $3,170,000 $2,015,000 -36.4% 0.2%
PNC Bank $3,610,000 $2,010,000 -44.3% 0.2%
HUDSON VALLEY CREDIT UNION $1,580,000 $1,985,000 25.6% 0.2%
Discover Bank $1,235,000 $1,975,000 59.9% 0.2%
GuardHill Financial Corp. $5,635,000 $1,935,000 -65.7% 0.2%
CALIBER HOME LOANS, INC. $9,440,000 $1,895,000 -79.9% 0.2%
BETTER MORTGAGE CORPORATION $2,615,000 $1,885,000 -27.9% 0.2%
PROVIDENT FUNDING ASSOCIATES, L.P. $3,955,000 $1,885,000 -52.3% 0.2%
ENVOY MORTGAGE, LTD $2,655,000 $1,820,000 -31.5% 0.2%
T2 FINANCIAL LLC $1,800,000 n/a 0.2%
First Republic Bank $17,460,000 $1,690,000 -90.3% 0.2%
CONTINENTAL MORTGAGE BANKERS, INC. $490,000 $1,605,000 227.6% 0.2%
Chelsea Groton Bank $1,030,000 $1,580,000 53.4% 0.2%
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. $660,000 $1,575,000 138.6% 0.2%
MUTUAL SECURITY CREDIT UNION $5,915,000 $1,510,000 -74.5% 0.2%
MidFirst Bank $1,505,000 n/a 0.2%
ZILLOW HOME LOANS, LLC $1,925,000 $1,505,000 -21.8% 0.2%
Bethpage Federal Credit Union $1,830,000 $1,395,000 -23.8% 0.2%
CONSTRUCTIVE LOANS, LLC $1,355,000 n/a 0.2%
Figure Lending LLC $785,000 $1,350,000 72.0% 0.2%
USAA Federal Savings Bank $2,480,000 $1,315,000 -47.0% 0.1%
LENDINGHOME FUNDING CORPORATION $1,330,000 $1,290,000 -3.0% 0.1%
VELOCITY COMMERCIAL CAPITAL, LLC $1,110,000 $1,290,000 16.2% 0.1%
MORTGAGE MARKETS CUSO, LLC $2,185,000 $1,285,000 -41.2% 0.1%
Paramount Residential Mortgage Group, Inc. $4,040,000 $1,260,000 -68.8% 0.1%
Bank of England $1,255,000 n/a 0.1%
CLIFFCO, INC. $555,000 $1,250,000 125.2% 0.1%
First Federal Bank $215,000 $1,185,000 451.2% 0.1%
City National Bank $5,325,000 $1,180,000 -77.8% 0.1%
MORTGAGE EQUITY PARTNERS LLC $1,180,000 n/a 0.1%
Charter Oak Federal Credit Union $245,000 $1,170,000 377.6% 0.1%
EQUITY RESOURCES, INC. $2,590,000 $1,125,000 -56.6% 0.1%
AMERICAN HERITAGE LENDING, INC. $240,000 $1,120,000 366.7% 0.1%
DEEPHAVEN MORTGAGE LLC $115,000 $1,120,000 873.9% 0.1%
AMWEST FUNDING CORP. $1,070,000 n/a 0.1%
EVERETT FINANCIAL, INC. $1,495,000 $1,060,000 -29.1% 0.1%
East Coast Capital Corp. $670,000 $1,035,000 54.5% 0.1%
BAY EQUITY LLC $4,300,000 $1,030,000 -76.0% 0.1%
GREYSTONE SERVICING COMPANY LLC $1,005,000 n/a 0.1%
NEXERA HOLDING LLC $465,000 $1,000,000 115.1% 0.1%
NP, Inc. $965,000 n/a 0.1%
PLANET HOME LENDING, LLC $1,180,000 $935,000 -20.8% 0.1%
CONNECTICUT STATE EMPLOYEES $3,170,000 $915,000 -71.1% 0.1%
AMERICAN EAGLE FINANCIAL CREDIT UNION $2,655,000 $865,000 -67.4% 0.1%
First National Bank of America $1,170,000 $860,000 -26.5% 0.1%
RELIANCE FIRST CAPITAL, LLC $1,220,000 $855,000 -29.9% 0.1%
Fairfield County Bank $2,680,000 $820,000 -69.4% 0.1%
AMERICAN FINANCIAL NETWORK, INC. $795,000 n/a 0.1%
360 Federal Credit Union $170,000 $770,000 352.9% 0.1%
LONGBRIDGE FINANCIAL, LLC $755,000 n/a 0.1%
Magnolia Bank $1,305,000 $755,000 -42.1% 0.1%
Metro City Bank $595,000 $755,000 26.9% 0.1%
ANGEL OAK MORTGAGE SOLUTIONS LLC $500,000 $750,000 50.0% 0.1%
UBS Bank USA $10,885,000 $740,000 -93.2% 0.1%
WINGS FINANCIAL $725,000 n/a 0.1%
NATIONWIDE MORTGAGE BANKERS, INC. $2,445,000 $715,000 -70.8% 0.1%
Peapack-Gladstone Bank $705,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $2,780,000 $690,000 -75.2% 0.1%
A&D Mortgage LLC $1,340,000 $685,000 -48.9% 0.1%
BECKAM FUNDING CORP. $235,000 $675,000 187.2% 0.1%
ARC HOME LLC $2,065,000 $660,000 -68.0% 0.1%
The Camden National Bank $655,000 n/a 0.1%
Barrington Bank & Trust Company, N.A. $525,000 $650,000 23.8% 0.1%
OAKTREE FUNDING CORP. $635,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $2,375,000 $630,000 -73.5% 0.1%
JET DIRECT FUNDING CORP $265,000 $625,000 135.8% 0.1%
WASHINGTON TRUST MORTGAGE COMPANY LLC $1,730,000 $610,000 -64.7% 0.1%
PeoplesBank $160,000 $600,000 275.0% 0.1%
New Century Bank $595,000 n/a 0.1%
OCMBC, INC. $175,000 $595,000 240.0% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,145,000 $590,000 -48.5% 0.1%
Semper Home Loans, Inc. $590,000 n/a 0.1%
SPRING EQ, LLC $745,000 $590,000 -20.8% 0.1%
HOMEXPRESS MORTGAGE CORP. $780,000 $580,000 -25.6% 0.1%
CIBM Bank $555,000 n/a 0.1%
LIMA ONE CAPITAL, LLC $1,120,000 $550,000 -50.9% 0.1%
Ally Bank $1,990,000 $525,000 -73.6% 0.1%
Logan Finance Corporation $525,000 n/a 0.1%
United Nations Federal Credit Union $605,000 $515,000 -14.9% 0.1%
TOWNE MORTGAGE COMPANY $500,000 n/a 0.1%
Home Loan Investment Bank, F.S.B. $485,000 n/a 0.1%
CANOPY MORTGAGE, LLC $475,000 n/a 0.1%
Fifth Third Bank $460,000 n/a 0.1%
American Airlines Federal Credit Union $400,000 $450,000 12.5% 0.1%
NORTHPOINT MORTGAGE, INC. $770,000 $450,000 -41.6% 0.1%
Kearny Bank $445,000 n/a 0.1%
Quontic Bank $1,010,000 $440,000 -56.4% 0.0%
CONNEX CREDIT UNION $125,000 $435,000 248.0% 0.0%
POLISH & SLAVIC FEDERAL CREDIT UNION $175,000 $435,000 148.6% 0.0%
EMM LOANS LLC $370,000 $415,000 12.2% 0.0%
DOMINION FINANCIAL SERVICES, LLC $410,000 n/a 0.0%
KELLER MORTGAGE, LLC $405,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $730,000 $395,000 -45.9% 0.0%
Brighton Bank $395,000 n/a 0.0%
The Dutch Point Credit Union, Inc. $360,000 $395,000 9.7% 0.0%
EQUITY NOW INC. $385,000 n/a 0.0%
PREMIA MORTGAGE, LLC $385,000 $385,000 0.0% 0.0%
GREYLOCK $390,000 $375,000 -3.8% 0.0%
ALLIANT CREDIT UNION $110,000 $360,000 227.3% 0.0%
PENTAGON FEDERAL CREDIT UNION $1,730,000 $360,000 -79.2% 0.0%
Valley National Bank $415,000 $355,000 -14.5% 0.0%
FINANCE OF AMERICA MORTGAGE LLC $4,570,000 $345,000 -92.5% 0.0%
NexBank $335,000 n/a 0.0%
Alerus Financial $325,000 n/a 0.0%
VILLAGE CAPITAL MORTGAGE $210,000 $320,000 52.4% 0.0%
GUIDANCE RESIDENTIAL, LLC $205,000 $315,000 53.7% 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $315,000 n/a 0.0%
NBH Bank $315,000 n/a 0.0%
Truist $295,000 n/a 0.0%
TOP FLITE FINANCIAL, INC. $285,000 n/a 0.0%
Equity Prime Mortgage LLC $650,000 $280,000 -56.9% 0.0%
AMERICAN FINANCE HOUSE LARIBA $275,000 n/a 0.0%
Navigant Credit Union $305,000 $275,000 -9.8% 0.0%
PHH Mortgage Corporation $2,180,000 $275,000 -87.4% 0.0%
Citadel Servicing Corporation $125,000 $270,000 116.0% 0.0%
The Pittsfield Co-operative Bank $1,390,000 $270,000 -80.6% 0.0%
First Savings Bank $620,000 $265,000 -57.3% 0.0%
Connexus Credit Union $260,000 n/a 0.0%
Windosr Federal Savings & Loan Association $1,170,000 $260,000 -77.8% 0.0%
LEADERONE FINANCIAL CORPORATION $185,000 $255,000 37.8% 0.0%
FINEX CREDIT UNION $155,000 $250,000 61.3% 0.0%
FIRST MORTGAGE COMPANY, INC. $250,000 n/a 0.0%
Northpointe Bank $2,695,000 $245,000 -90.9% 0.0%
Third Federal Savings and Loan Association of Cleveland $1,280,000 $245,000 -80.9% 0.0%
FIRST ALLIANCE HOME MORTGAGE, LLC $235,000 n/a 0.0%
GREENSTATE CREDIT UNION $235,000 n/a 0.0%
NUTMEG STATE FINANCIAL $1,200,000 $235,000 -80.4% 0.0%
The Federal Savings Bank $1,265,000 $235,000 -81.4% 0.0%
Guilford Savings Bank The $425,000 $225,000 -47.1% 0.0%
The Loan Store, Inc. $225,000 n/a 0.0%
UNION HOME MORTGAGE CORP. $215,000 $225,000 4.7% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $205,000 n/a 0.0%
LOANPAL, LLC $205,000 n/a 0.0%
RESIDENTIAL HOME FUNDING CORP. $195,000 n/a 0.0%
Shamrock Home Loans, Inc. $165,000 n/a 0.0%
The Washington Trust Company, of Westerly $805,000 $160,000 -80.1% 0.0%
CHURCHILL MORTGAGE CORPORATION $185,000 $145,000 -21.6% 0.0%
Lee Bank $1,405,000 $135,000 -90.4% 0.0%
MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION $125,000 n/a 0.0%
KeyBank $2,660,000 $110,000 -95.9% 0.0%
ITHINK FINANCIAL Credit Union $105,000 n/a 0.0%
MASSMUTUAL $270,000 $105,000 -61.1% 0.0%
TEACHERS $665,000 $105,000 -84.2% 0.0%
BayCoast Bank $100,000 n/a 0.0%
HSBC BANK USA, NATIONAL ASSOCIATION $405,000 $95,000 -76.5% 0.0%
Municipal Credit Union $85,000 n/a 0.0%
MembersFirst CT FCU $75,000 n/a 0.0%
TOWER $250,000 $65,000 -74.0% 0.0%
Westfield Bank $490,000 $65,000 -86.7% 0.0%
DIGITAL Federal Credit Union $55,000 n/a 0.0%
The Huntington National Bank $235,000 $55,000 -76.6% 0.0%
The Milford Bank $405,000 $45,000 -88.9% 0.0%
Service Federal Credit Union $215,000 $35,000 -83.7% 0.0%
CORPORATE AMERICA FAMILY $25,000 n/a 0.0%
Easthampton Savings Bank $25,000 n/a 0.0%
Hartford Federal Credit Union $285,000 $25,000 -91.2% 0.0%

Torrington's top lender by overall market share is Thomaston Savings Bank, with 6.2% market share. In second place, with 5.5%, is QUICKEN LOANS, LLC, having originated $48,900,000 in loans. In third place, with 5.1%, is TOTAL MORTGAGE SERVICES, LLC, having originated $45,710,000 in loans. In fourth place, with 4.2%, is The Torrington Savings Bank, having originated $37,655,000 in loans. In fifth place, with 3.8%, is Webster Bank, having originated $33,365,000 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%) $641,342 (-0.4%) 1.30 1,365
2018-02-01 $355,750 (6.4%) $653,179 (-0.3%) 1.29 1,346
2018-03-01 $357,900 (3.9%) $638,493 (-6.9%) 1.26 1,393
2018-04-01 $359,000 (2.6%) $639,940 (-6.7%) 1.22 1,457
2018-05-01 $349,900 (-2.7%) $635,832 (-5.7%) 1.17 1,589
2018-06-01 $350,000 (-2.5%) $645,536 (-3.9%) 1.17 1,714
2018-07-01 $350,000 (-2.8%) $651,378 (-3.5%) 1.17 1,766
2018-08-01 $354,950 (1.5%) $656,124 (0.4%) 1.19 1,762
2018-09-01 $349,000 (-0.3%) $658,896 (0.6%) 1.17 1,756
2018-10-01 $344,950 (-1.4%) $660,423 (3.0%) 1.17 1,711
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 (-0.6%) $708,797 (8.5%) 1.19 1,316
2019-03-01 $367,979 (2.8%) $716,780 (12.3%) 1.20 1,321
2019-04-01 $377,337 (5.1%) $707,597 (10.6%) 1.20 1,333
2019-05-01 $369,000 (5.5%) $690,491 (8.6%) 1.15 1,456
2019-06-01 $369,000 (5.4%) $677,903 (5.0%) 1.15 1,584
2019-07-01 $369,000 (5.4%) $667,364 (2.5%) 1.16 1,614
2019-08-01 $369,245 (4.0%) $663,852 (1.2%) 1.17 1,597
2019-09-01 $369,614 (5.9%) $658,361 (-0.1%) 1.18 1,587
2019-10-01 $372,450 (8.0%) $657,653 (-0.4%) 1.20 1,575
2019-11-01 $387,250 (10.7%) $677,440 (0.2%) 1.27 1,428
2019-12-01 $388,575 (11.3%) $695,742 (2.1%) 1.30 1,268
2020-01-01 $395,000 (12.9%) $706,736 (0.7%) 1.32 1,155
2020-02-01 $395,000 (11.8%) $704,170 (-0.7%) 1.29 1,103
2020-03-01 $399,000 (8.4%) $713,373 (-0.5%) 1.25 1,064
2020-04-01 $398,950 (5.7%) $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 (16.5%) 1.23 864
2020-07-01 $444,900 (20.6%) $825,605 (23.7%) 1.29 875
2020-08-01 $439,900 (19.1%) $814,214 (22.7%) 1.26 870
2020-09-01 $466,200 (26.1%) $823,199 (25.0%) 1.34 878
2020-10-01 $479,000 (28.6%) $848,641 (29.0%) 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 (65.9%) 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%) $1,145,727 (9.6%) 1.27 434
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%) 1.52 298
2023-04-01 $675,000 (23.0%) $1,336,434 (12.7%) 1.57 308
2023-05-01 $687,000 (27.3%) $1,366,496 (17.3%) 1.56 339
2023-06-01 $656,250 (19.3%) $1,250,193 (8.8%) 1.47 365
2023-07-01 $689,900 (27.8%) $1,176,739 (8.4%) 1.57 371
2023-08-01 $634,925 (14.5%) $1,107,221 (-2.7%) 1.46 368
2023-09-01 $619,999 (12.0%) $1,088,865 (-5.7%) 1.44 398
2023-10-01 $649,950 (19.3%) $1,086,473 (-3.4%) 1.53 423
2023-11-01 $649,950 (23.3%) $1,058,302 (-7.6%) 1.55 411
2023-12-01 $629,500 (14.5%) $1,033,071 (-12.3%) 1.54 368
2024-01-01 $617,125 (9.0%) $1,013,449 (-18.1%) 1.51 302
2024-02-01 $599,975 (0.3%) $962,782 (-23.3%) 1.44 284
2024-03-01 $599,900 (-6.6%) $1,024,594 (-21.5%) 1.41 280
2024-04-01 $639,900 (-5.2%) $1,046,574 (-21.7%) 1.49 306
2024-05-01 $669,000 (-2.6%) $1,159,587 (-15.1%) 1.51 356
2024-06-01 $640,000 (-2.5%) $1,112,822 (-11.0%) 1.44 422
Torrington's median listing price for 2024-06-01 was $640,000, a difference of $-16,250 (-2.5%) versus the prior year and $-29,000 versus the prior month.

Torrington's median listing price comes in at 144% of the national average.

Torrington's average listing price for 2024-06-01 was $1,112,822, a difference of $-137,371 (-11.0%) versus the prior year and $-46,765 versus the prior month.

For the 2024-06-01 period, Torrington had 422 MLS listings, a difference of 66 listings (19%) versus the prior month and 57 listings (16%) 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
2018-01-01 119 days 2,080 sqft
2018-02-01 128 days 2,114 sqft
2018-03-01 109 days 2,116 sqft
2018-04-01 70 days 2,132 sqft
2018-05-01 65 days 2,105 sqft
2018-06-01 68 days 2,116 sqft
2018-07-01 75 days 2,134 sqft
2018-08-01 86 days 2,127 sqft
2018-09-01 92 days 2,089 sqft
2018-10-01 98 days 2,055 sqft
2018-11-01 102 days 2,058 sqft
2018-12-01 108 days 2,036 sqft
2019-01-01 120 days 2,030 sqft
2019-02-01 124 days 2,050 sqft
2019-03-01 104 days 2,102 sqft
2019-04-01 76 days 2,133 sqft
2019-05-01 65 days 2,218 sqft
2019-06-01 66 days 2,284 sqft
2019-07-01 74 days 2,268 sqft
2019-08-01 80 days 2,287 sqft
2019-09-01 85 days 2,292 sqft
2019-10-01 90 days 2,294 sqft
2019-11-01 101 days 2,282 sqft
2019-12-01 116 days 2,256 sqft
2020-01-01 126 days 2,275 sqft
2020-02-01 128 days 2,282 sqft
2020-03-01 109 days 2,305 sqft
2020-04-01 91 days 2,301 sqft
2020-05-01 86 days 2,277 sqft
2020-06-01 68 days 2,374 sqft
2020-07-01 49 days 2,422 sqft
2020-08-01 51 days 2,400 sqft
2020-09-01 51 days 2,439 sqft
2020-10-01 50 days 2,424 sqft
2020-11-01 64 days 2,461 sqft
2020-12-01 83 days 2,471 sqft
2021-01-01 100 days 2,468 sqft
2021-02-01 114 days 2,444 sqft
2021-03-01 97 days 2,426 sqft
2021-04-01 46 days 2,409 sqft
2021-05-01 41 days 2,400 sqft
2021-06-01 40 days 2,329 sqft
2021-07-01 43 days 2,233 sqft
2021-08-01 46 days 2,116 sqft
2021-09-01 57 days 2,129 sqft
2021-10-01 67 days 2,120 sqft
2021-11-01 74 days 2,136 sqft
2021-12-01 78 days 2,144 sqft
2022-01-01 88 days 2,249 sqft
2022-02-01 89 days 2,276 sqft
2022-03-01 48 days 2,218 sqft
2022-04-01 38 days 2,150 sqft
2022-05-01 30 days 2,114 sqft
2022-06-01 32 days 2,222 sqft
2022-07-01 38 days 2,175 sqft
2022-08-01 45 days 2,361 sqft
2022-09-01 54 days 2,330 sqft
2022-10-01 64 days 2,268 sqft
2022-11-01 70 days 2,295 sqft
2022-12-01 82 days 2,322 sqft
2023-01-01 93 days 2,319 sqft
2023-02-01 97 days 2,466 sqft
2023-03-01 56 days 2,469 sqft
2023-04-01 51 days 2,466 sqft
2023-05-01 38 days 2,452 sqft
2023-06-01 34 days 2,347 sqft
2023-07-01 45 days 2,306 sqft
2023-08-01 51 days 2,252 sqft
2023-09-01 50 days 2,300 sqft
2023-10-01 48 days 2,410 sqft
2023-11-01 60 days 2,439 sqft
2023-12-01 72 days 2,337 sqft
2024-01-01 81 days 2,291 sqft
2024-02-01 73 days 2,262 sqft
2024-03-01 55 days 2,182 sqft
2024-04-01 45 days 2,139 sqft
2024-05-01 38 days 2,263 sqft
2024-06-01 36 days 2,201 sqft
Torrington's median listing age (time on market) for 2024-06-01 was 36 days. This is 4% longer than the same period one year ago.

Torrington's median square footage for active listings during the 2024-06-01 period was 2,201 sqft. One year prior, the average listing was 2,347 sqft.

Torrington, CT Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,126 $612,100,000 $287,912
Other 488 $65,350,000 $133,914
Home Improvement 409 $51,565,000 $126,076
Cash Out Refi 402 $90,980,000 $226,318
Refi 382 $68,930,000 $180,445

Torrington's most frequently cited loan purpose was Home Purchase, with 2,126 originations. The 2nd most popular reason was Other, with 488 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,279 $345,525,000 $270,152
7-8% 723 $166,515,000 $230,311
5-6% 699 $183,875,000 $263,054
Over 8% 508 $91,850,000 $180,807
<2.5% 243 $6,705,000 $27,593
4-5% 212 $69,230,000 $326,557
3-4% 36 $2,730,000 $75,833
2.5-3% 7 $1,515,000 $216,429

During 2023, Torrington's most frequently originated rate bucket was 6-7%, with 1,279 originations.

Loan Sizing (Torrington, CT MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 1,328 $367,180,000 $276,491
$100,000 or less 1,071 $49,925,000 $46,615
$100k-200k 923 $135,145,000 $146,419
$400k-600k 315 $149,105,000 $473,349
$600k-1000k 110 $79,430,000 $722,091
$Over $1MM 60 $108,140,000 $1,802,333

Torrington's loan sizing saw the bucket of loans from $200k-400k with 1,328 originations, totaling $367,180,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,171 $356,225,000 $304,206
Under 20% 866 $52,160,000 $60,231
60-80% 790 $291,240,000 $368,658
20-40% 526 $76,340,000 $145,133
40-60% 342 $87,380,000 $255,497
Over 100% 13 $4,295,000 $330,385

Torrington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,171 originations, totaling $356,225,000 in origination value.