Compare mortgage rates and fees for leading lenders in Hartford, CT. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Hartford.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Hartford. Plus, shopping lenders is free and there is no obligation.
December 11, 2019
The current average rate for a 30 year fixed rate mortgage in Hartford is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
The median home value for Hartford, CT is $243,651
The median household income for Hartford, CT is $72,074
Based on current mortgage rates and a 10% down payment, you need to make $45,205 per year to buy the median priced home in Hartford
The home price you can afford to buy based on household income in Hartford is 159% of the median home value which means housing prices are average
Hartford ranks 5 out of 8 counties in Connecticut and 2,389 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Hartford, CT is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Hartford below.
Conforming loan limits for Hartford, CT
FHA loan limits for Hartford, CT
VA loan limits for Hartford, CT
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index