Mortgage lender · Woodbury, NY · LEI 549300VGMMXKSX821O69

Hartford Funding review: approval odds, rates and grade (2025)

Hartford Funding earns a D, weaker than most small mortgage lenders. It turned down 12.5% of the applications it decided on in 2025, which ranks in the 38th percentile for approval odds. Its median loan was priced 0.73 points above the average prime offer rate, ranking in the 18th percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

956Applications2025
56.4%Originatedof applications
12.5%Decision denial ratenational 22.6%
6.88%Median ratenational 6.63%
$273MLoan volume28 states

Hartford Funding at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

10.3%Denial rate (all applications)-7.73 pts vs national
12.5%Denial rate (decided applications)-10.09 pts vs national
56.4%Origination rate-1.65 pts vs national
9.3%Withdrawn by applicant
8.7%Closed for incompleteness
6.88%Median interest rate+0.25 pts vs national
0.73Median rate spread (pts over APOR)+0.48 pts vs national
$465,000Median loan amount
$12,522Median total loan costs
$162kMedian applicant income
75%Median loan-to-value
0High-cost (HOEPA) loans

How the D grade breaks down

Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

38th12.5% denied

Pricingmedian rate spread over APOR, weight 30%

18th0.73 pts

Processwithdrawn + incomplete share, weight 15%

25th18.0%

Closing coststotal loan costs ÷ loan amount, weight 10%

26th2.69% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
202362231110.8%15.1%7.13%$139M
20247894768.9%10.9%7.00%$233M
202595653910.3%12.5%6.88%$273M

What Hartford Funding lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 524 55% · 9.0% denied
Refinance 82 9% · 8.5% denied
Cash-out refinance 344 36% · 12.5% denied
Home improvement 6 1% · 16.7% denied

By loan type

Conventional 761 80% · 10.0% denied
FHA 172 18% · 12.2% denied
VA 21 2% · 0.0% denied
USDA / RHS 2 0% · 50.0% denied

Also: 0 home-equity lines, 18 reverse mortgages, 1 manufactured homes, 288 investment properties.

Why Hartford Funding denies applications

Primary reason reported for each of the 98 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Collateral 34 35%
Debt-to-income ratio 33 34%
Credit history 11 11%
Unverifiable information 7 7%
Insufficient cash 5 5%
Other 4 4%
Employment history 3 3%
Incomplete application 1 1%

How these reasons compare nationally →

Who gets approved at Hartford Funding

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k47823.5%
$50k – $100k1126114.8%
$100k – $150k1689318.6%
$150k – $250k21513510.7%
Over $250k1801158.5%
Applicant ageApplicationsOriginatedDecision denial rate
Under 25241225.0%
25–3420712510.3%
35–4422813613.0%
45–5421911912.0%
55–641719215.9%
65–7477383.9%
Over 74301716.7%

Where Hartford Funding lends

28 states and 155 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
New York59233910.5%6.88%#122
Florida124729.7%7.25%#447
New Jersey57245.3%6.94%#338
Maryland45288.9%6.56%#328
Pennsylvania22124.6%7.37%#591
Connecticut17911.8%7.25%#318
Illinois16140.0%6.88%#626
North Carolina11718.2%6.75%#619
South Carolina10720.0%6.63%#529
Texas9611.1%6.81%#966
Georgia8225.0%6.25%#706
California5220.0%6.76%#807
Vermont5220.0%7.13%#152

Frequently asked questions

Hartford Funding denied 12.5% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 38th percentile of small mortgage lenders.

The most common reason Hartford Funding gave in 2025 was "collateral", cited on 34.7% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

The median interest rate on loans Hartford Funding originated in 2025 was 6.88%, and its median rate spread over the average prime offer rate was 0.73 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 55% of its applications were for home purchases, 45% for refinancing (including cash-out), and 1% for home improvement or other purposes. By loan type: 80% conventional, 18% FHA, 2% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Hartford Funding. Data sources · Methodology