Bridgeport FHA Loan Rates, Closing Costs & Stats

BRIDGEPORT-STAMFORD-NORWALK, CT

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Bridgeport's 111 lenders originated 934 FHA loans during 2023. The total origination value was $402,690,000, with an average FHA loan value of $431,146.

    Bridgeport FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Bridgeport averaged 6.28% for the week of 2025-02-14, compared to the national average (all FHA variants) of 6.515% for the same period.

    Bridgeport's average FHA mortgage closing costs are $11,807.

    The average rate for the prior week (2025-02-07) was 6.4% and one month ago for the week of 2025-01-10, the average rate was 6.46%.

    The average rate one year ago was 6.59%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.78%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Bridgeport FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bridgeport level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 83 6.27% $18,883
    QUICKEN LOANS, LLC 73 6.31% $16,363
    TOTAL MORTGAGE SERVICES, LLC 69 6.34% $15,924
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 51 6.60% $15,995
    CROSSCOUNTRY MORTGAGE, LLC 39 6.68% $16,400
    HOMEBRIDGE FINANCIAL SERVICES, INC. 35 6.26% $17,472
    LOANDEPOT.COM, LLC 28 6.28% $17,960
    NEWREZ LLC 28 6.43% $15,997
    CMG MORTGAGE, INC. 20 6.85% $17,104
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 18 6.63% $26,312
    CARDINAL FINANCIAL 15 6.65% $21,380
    PRYSMA LENDING GROUP, LLC 14 7.01% $19,294
    Carrington Mortgage Services, LLC 13 6.22% $18,397
    NATIONWIDE MORTGAGE BANKERS, INC. 13 6.62% $19,855
    NORWICH COMMERCIAL GROUP, INC. 13 6.45% $15,025
    PLAZA HOME MORTGAGE, INC. 12 6.53% $16,810
    AMERISAVE MORTGAGE CORPORATION 12 6.20% $18,479
    MOVEMENT MORTGAGE, LLC 12 6.64% $20,660
    CALIBER HOME LOANS, INC. 11 6.05% $14,593
    PENNYMAC LOAN SERVICES, LLC 11 5.91% $16,531
    U.S. Bank 10 6.43% $16,297
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 10 6.39% $19,481
    Magnolia Bank 9 6.89% $19,388
    PRIMELENDING, A PLAINSCAPITAL COMPANY 9 6.44% $18,329
    FREEDOM MORTGAGE CORPORATION 9 6.88% $22,811
    GUARANTEED RATE, INC. 9 6.18% $12,162
    AMERICAN FINANCIAL NETWORK, INC. 8 6.89% $21,514
    Mr. Cooper ( Nationstar Mortgage ) 8 6.19% $18,803
    FIRST WORLD MORTGAGE CORPORATION 8 6.44% $13,737
    WILLIAM RAVEIS MORTGAGE, LLC 7 6.54% $13,918
    Prosperity Home Mortgage, LLC 7 6.36% $16,303
    Citizens Bank 7 6.09% $18,097
    MUTUAL OF OMAHA MORTGAGE, INC. 7 6.11% $16,014
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 7 6.71% $20,451
    CONTOUR MORTGAGE CORPORATION 7 6.32% $16,839
    GUARANTEED RATE AFFINITY, LLC 6 6.65% $16,742
    JET DIRECT FUNDING CORP 6 6.42% $17,339
    RELIANCE FIRST CAPITAL, LLC 6 6.31% $22,284
    Newtown Savings Bank 5 6.08% $13,700
    BROKER SOLUTIONS, INC. 5 6.85% $16,962
    The Federal Savings Bank 5 5.75% $26,332
    Equity Prime Mortgage LLC 4 6.81% $13,787
    CONTINENTAL MORTGAGE BANKERS, INC. 4 6.50% $17,735
    ENVOY MORTGAGE, LTD 4 6.31% $17,727
    M&T Bank 4 5.78% $14,812
    Plains Commerce Bank 4 5.81% $25,531
    LAKEVIEW LOAN SERVICING, LLC 3 5.92% $18,696
    PLANET HOME LENDING, LLC 3 5.96% $12,143
    TOP FLITE FINANCIAL, INC. 3 6.63% $17,280
    Mortgage Research Center, LLC 3 6.79% $15,973
    EVERETT FINANCIAL, INC. 3 6.54% $22,732
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.50% $15,020
    Paramount Residential Mortgage Group, Inc. 3 7.13% $14,652
    US MORTGAGE CORPORATION 3 7.38% $15,418
    VILLAGE CAPITAL MORTGAGE 3 6.13% $9,087
    Loan Simple, Inc. 3 6.38% $22,230
    NATIONS DIRECT MORTGAGE, LLC 3 5.96% $25,968
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.92% $19,366
    HOMESTEAD FUNDING CORP. 3 5.83% $9,754
    East Coast Capital Corp. 2 6.94% $19,277
    JPMorgan Chase Bank 2 6.69% $11,601
    PROVINCE MORTGAGE ASSOCIATES, INC. 2 6.38% $10,772
    Century Mortgage Company DBA Century Lending Company 2 7.06% $14,792
    FM Home Loans, LLC 2 6.50% $24,102
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.25% $22,728
    OCMBC, INC. 2 6.88% $18,346
    Residential Mortgage Solutions, Inc. 2 6.19% $16,838
    Keystone Funding, Inc. 2 6.19% $18,633
    TBI MORTGAGE COMPANY 2 5.75% $31,222
    Bank of England 2 7.56% $18,615
    EMM LOANS LLC 2 6.19% $20,962
    MORTGAGE ACCESS CORP. 2 7.19% $19,001
    Wells Fargo Bank 2 6.63% $13,049
    RESIDENTIAL BANCORP 1 7.38% $13,625
    RESIDENTIAL HOME FUNDING CORP. 1 6.75% $19,190
    Savings Bank of Danbury 1 7.13% $11,519
    Shamrock Home Loans, Inc. 1 7.75% $17,372
    SUN WEST MORTGAGE COMPANY, INC. 1 6.75% $22,106
    TD Bank 1 6.38% $16,806
    BETTER MORTGAGE CORPORATION 1 6.13% $15,526
    Bank of America 1 5.88% $7,748
    AmeriHome Mortgage Company, LLC 1 5.63% $31,782
    WALL STREET MORTGAGE BANKERS, LTD. 1 6.49% $16,631
    Ixonia Bank 1 6.13% $22,471
    INTERSTATE HOME LOAN CENTER, INC. 1 5.63% $13,654
    KeyBank 1 6.75% $12,233
    LAND HOME FINANCIAL SERVICES, INC. 1 7.50% $19,812
    LEADERONE FINANCIAL CORPORATION 1 6.75% $22,652
    LIBERTY HOME MORTGAGE CORPORATION 1 7.13% $22,119
    HUDSON VALLEY CREDIT UNION 1 6.38% $19,436
    HOMESIDE FINANCIAL, LLC 1 7.12% $23,782
    MLB RESIDENTIAL LENDING, LLC 1 6.00% $16,157
    MORTGAGE EQUITY PARTNERS LLC 1 7.00% $16,722
    GUILD MORTGAGE COMPANY 1 6.50% $11,481
    Flagstar Bank, FSB 1 7.25% $20,727
    Nations Lending Corporation 1 7.75% $32,917
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 5.75% $20,184
    Evolve Bank & Trust 1 7.25% $14,624
    NFM, INC. 1 7.38% $18,018
    NJ LENDERS CORP. 1 6.75% $9,383
    Northpointe Bank 1 6.25% $18,755
    EQUITY RESOURCES, INC. 1 6.88% $13,660
    PANORAMA MORTGAGE GROUP, LLC 1 6.63% $22,293
    AMCAP MORTGAGE, LTD. 1 7.13% $15,809
    ZILLOW HOME LOANS, LLC 1 6.63% $20,185
    POLARIS HOME FUNDING CORP. 1 7.13% $12,858
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.25% $31,610
    CLIFFCO, INC. 1 7.25% $14,545
    Citibank 1 6.50% $12,563
    Quontic Bank 1 7.13% $25,085
    CANOPY MORTGAGE, LLC 1 6.13% $11,446

    The top Bridgeport FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 83 FHA loans originated. Their average total fees are $18,883, which is $2,520 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Bridgeport FHA lenders (with over 10 loans originated) are CALIBER HOME LOANS, INC. ($14,593), NORWICH COMMERCIAL GROUP, INC. ($15,025), TOTAL MORTGAGE SERVICES, LLC ($15,924), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($15,995) and NEWREZ LLC ($15,997).

    The lowest rate Bridgeport FHA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.91%), CALIBER HOME LOANS, INC. (6.05%), AMERISAVE MORTGAGE CORPORATION (6.20%), Carrington Mortgage Services, LLC (6.22%) and HOMEBRIDGE FINANCIAL SERVICES, INC. (6.26%).

    Bridgeport FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    BRIDGEPORT-STAMFORD-NORWALK, CT FAIRFIELD 2022 $695,750 $890,700 $1,076,650 $1,338,000
    BRIDGEPORT-STAMFORD-NORWALK, CT FAIRFIELD 2023 $707,250 $905,400 $1,094,450 $1,360,100

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bridgeport (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 $709,900 (6.4%) $1,355,348 (-5.2%) 2.59 4,133
    2018-02-01 $756,750 (5.9%) $1,393,653 (-4.7%) 2.72 4,410
    2018-03-01 $789,000 (5.6%) $1,393,190 (-5.8%) 2.73 4,872
    2018-04-01 $791,950 (5.7%) $1,381,450 (-5.8%) 2.66 5,447
    2018-05-01 $795,000 (6.1%) $1,377,514 (-4.6%) 2.65 5,920
    2018-06-01 $775,000 (3.5%) $1,352,341 (-5.9%) 2.57 6,244
    2018-07-01 $749,500 (1.6%) $1,355,145 (-3.9%) 2.50 6,152
    2018-08-01 $731,875 (3.3%) $1,334,932 (-3.3%) 2.43 5,958
    2018-09-01 $739,000 (2.1%) $1,342,233 (-3.0%) 2.44 5,972
    2018-10-01 $732,500 (0.8%) $1,348,837 (0.6%) 2.46 5,887
    2018-11-01 $724,950 (2.9%) $1,359,410 (1.6%) 2.41 5,552
    2018-12-01 $709,000 (1.3%) $1,383,387 (2.8%) 2.41 4,881
    2019-01-01 $704,925 (-0.7%) $1,383,903 (2.1%) 2.42 4,409
    2019-02-01 $739,450 (-2.3%) $1,390,447 (-0.2%) 2.46 4,653
    2019-03-01 $749,429 (-5.0%) $1,396,039 (0.2%) 2.45 5,013
    2019-04-01 $757,500 (-4.4%) $1,402,872 (1.6%) 2.38 5,384
    2019-05-01 $754,000 (-5.2%) $1,383,670 (0.5%) 2.34 5,936
    2019-06-01 $730,000 (-5.8%) $1,372,058 (1.5%) 2.27 6,214
    2019-07-01 $707,500 (-5.6%) $1,338,047 (-1.3%) 2.21 6,143
    2019-08-01 $696,273 (-4.9%) $1,326,595 (-0.6%) 2.20 6,011
    2019-09-01 $692,182 (-6.3%) $1,319,053 (-1.7%) 2.21 5,899
    2019-10-01 $692,455 (-5.5%) $1,318,103 (-2.3%) 2.23 5,768
    2019-11-01 $694,450 (-4.2%) $1,315,861 (-3.2%) 2.26 5,204
    2019-12-01 $689,450 (-2.8%) $1,329,212 (-3.9%) 2.29 4,350
    2020-01-01 $684,450 (-2.9%) $1,331,194 (-3.8%) 2.29 3,863
    2020-02-01 $700,000 (-5.3%) $1,340,845 (-3.6%) 2.32 4,064
    2020-03-01 $724,500 (-3.3%) $1,348,316 (-3.4%) 2.27 4,350
    2020-04-01 $719,000 (-5.1%) $1,366,068 (-2.6%) 2.25 4,091
    2020-05-01 $749,000 (-0.7%) $1,439,825 (4.1%) 2.28 4,017
    2020-06-01 $799,500 (9.5%) $1,549,325 (12.9%) 2.36 3,993
    2020-07-01 $809,200 (14.4%) $1,602,387 (19.8%) 2.34 3,898
    2020-08-01 $799,000 (14.8%) $1,638,443 (23.5%) 2.29 3,647
    2020-09-01 $795,000 (14.9%) $1,647,037 (24.9%) 2.29 3,467
    2020-10-01 $792,000 (14.4%) $1,666,695 (26.5%) 2.29 3,383
    2020-11-01 $772,000 (11.2%) $1,678,135 (27.5%) 2.27 2,945
    2020-12-01 $797,000 (15.6%) $1,714,149 (29.0%) 2.38 2,558
    2021-01-01 $825,000 (20.5%) $1,798,145 (35.1%) 2.44 2,114
    2021-02-01 $887,000 (26.7%) $1,908,110 (42.3%) 2.56 1,870
    2021-03-01 $879,725 (21.4%) $1,886,848 (39.9%) 2.46 1,895
    2021-04-01 $844,974 (17.5%) $1,904,541 (39.4%) 2.27 2,046
    2021-05-01 $889,000 (18.7%) $1,903,424 (32.2%) 2.32 2,267
    2021-06-01 $849,000 (6.2%) $1,807,743 (16.7%) 2.20 2,484
    2021-07-01 $750,000 (-7.3%) $1,666,022 (4.0%) 1.98 2,666
    2021-08-01 $699,473 (-12.5%) $1,603,508 (-2.1%) 1.87 2,619
    2021-09-01 $699,973 (-12.0%) $1,610,657 (-2.2%) 1.87 2,454
    2021-10-01 $699,900 (-11.6%) $1,641,591 (-1.5%) 1.86 2,302
    2021-11-01 $752,000 (-2.6%) $1,745,028 (4.0%) 2.02 1,923
    2021-12-01 $749,450 (-6.0%) $1,807,390 (5.4%) 2.02 1,554
    2022-01-01 $797,900 (-3.3%) $1,969,010 (9.5%) 2.13 1,261
    2022-02-01 $891,000 (0.5%) $2,268,399 (18.9%) 2.30 1,173
    2022-03-01 $899,000 (2.2%) $2,229,731 (18.2%) 2.25 1,202
    2022-04-01 $859,500 (1.7%) $2,145,538 (12.7%) 2.06 1,310
    2022-05-01 $849,000 (-4.5%) $1,941,896 (2.0%) 1.93 1,718
    2022-06-01 $840,750 (-1.0%) $1,839,960 (1.8%) 1.87 1,943
    2022-07-01 $824,950 (10.0%) $1,786,999 (7.3%) 1.86 2,105
    2022-08-01 $804,750 (15.1%) $1,809,473 (12.8%) 1.87 1,998
    2022-09-01 $779,000 (11.3%) $1,818,747 (12.9%) 1.83 1,981
    2022-10-01 $799,000 (14.2%) $1,871,275 (14.0%) 1.88 1,950
    2022-11-01 $799,225 (6.3%) $1,900,424 (8.9%) 1.94 1,743
    2022-12-01 $799,000 (6.6%) $1,941,760 (7.4%) 1.97 1,429
    2023-01-01 $813,725 (2.0%) $1,945,027 (-1.2%) 2.01 1,257
    2023-02-01 $941,000 (5.6%) $2,240,553 (-1.2%) 2.33 1,207
    2023-03-01 $1,049,000 (16.7%) $2,313,935 (3.8%) 2.59 1,225
    2023-04-01 $1,150,000 (33.8%) $2,362,717 (10.1%) 2.70 1,223
    2023-05-01 $1,197,000 (41.0%) $2,389,414 (23.1%) 2.72 1,339
    2023-06-01 $1,185,750 (41.0%) $2,351,335 (27.8%) 2.63 1,358
    2023-07-01 $1,135,000 (37.6%) $2,316,352 (29.6%) 2.50 1,337
    2023-08-01 $972,450 (20.8%) $2,043,214 (12.9%) 2.18 1,256
    2023-09-01 $925,000 (18.7%) $1,970,715 (8.4%) 2.12 1,351
    2023-10-01 $914,450 (14.5%) $2,028,729 (8.4%) 2.09 1,352
    2023-11-01 $895,250 (12.0%) $1,994,267 (4.9%) 2.08 1,298
    2023-12-01 $849,000 (6.3%) $2,043,429 (5.2%) 1.99 1,036
    2024-01-01 $849,500 (4.4%) $2,037,249 (4.7%) 1.97 935
    2024-02-01 $875,000 (-7.0%) $2,083,318 (-7.0%) 2.09 978
    2024-03-01 $949,450 (-9.5%) $2,148,161 (-7.2%) 2.23 1,011
    2024-04-01 $985,000 (-14.4%) $2,185,991 (-7.5%) 2.27 1,081
    2024-05-01 $1,012,000 (-15.5%) $2,172,406 (-9.1%) 2.41 1,248
    2024-06-01 $924,950 (-22.0%) $2,023,640 (-13.9%) 2.16 1,400
    2024-07-01 $875,000 (-22.9%) $1,951,333 (-15.8%) 1.96 1,429
    2024-08-01 $810,000 (-16.7%) $1,928,044 (-5.6%) 1.86 1,423
    2024-09-01 $849,125 (-8.2%) $1,976,084 (0.3%) 1.99 1,512
    2024-10-01 $833,447 (-8.9%) $1,944,748 (-4.1%) 1.94 1,497
    2024-11-01 $795,000 (-11.2%) $1,918,333 (-3.8%) 1.88 1,311
    2024-12-01 $768,450 (-9.5%) $1,910,484 (-6.5%) 1.87 1,015
    2025-01-01 $747,000 (-12.1%) $2,012,424 (-1.2%) 0.00 904
    Bridgeport's median listing price for 2025-01-01 was $747,000, a difference of $-102,500 (-12.1%) versus the prior year and $-21,450 versus the prior month.

    Bridgeport's median listing price comes in at 0% of the national average.

    Bridgeport's average listing price for 2025-01-01 was $2,012,424, a difference of $-24,825 (-1.2%) versus the prior year and $101,940 versus the prior month.

    For the 2025-01-01 period, Bridgeport had 904 MLS listings, a difference of -111 listings (-11%) versus the prior month and -31 listings (-3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bridgeport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 108 days 2,635 sqft
    2018-02-01 96 days 2,721 sqft
    2018-03-01 58 days 2,797 sqft
    2018-04-01 57 days 2,798 sqft
    2018-05-01 56 days 2,795 sqft
    2018-06-01 60 days 2,749 sqft
    2018-07-01 72 days 2,726 sqft
    2018-08-01 84 days 2,696 sqft
    2018-09-01 92 days 2,681 sqft
    2018-10-01 90 days 2,712 sqft
    2018-11-01 88 days 2,688 sqft
    2018-12-01 99 days 2,681 sqft
    2019-01-01 108 days 2,664 sqft
    2019-02-01 98 days 2,721 sqft
    2019-03-01 74 days 2,762 sqft
    2019-04-01 55 days 2,805 sqft
    2019-05-01 55 days 2,902 sqft
    2019-06-01 63 days 3,000 sqft
    2019-07-01 73 days 2,936 sqft
    2019-08-01 81 days 2,908 sqft
    2019-09-01 86 days 2,901 sqft
    2019-10-01 88 days 2,898 sqft
    2019-11-01 87 days 2,886 sqft
    2019-12-01 99 days 2,840 sqft
    2020-01-01 108 days 2,821 sqft
    2020-02-01 95 days 2,858 sqft
    2020-03-01 57 days 2,925 sqft
    2020-04-01 69 days 2,887 sqft
    2020-05-01 75 days 2,950 sqft
    2020-06-01 50 days 3,067 sqft
    2020-07-01 43 days 3,023 sqft
    2020-08-01 49 days 2,950 sqft
    2020-09-01 52 days 2,885 sqft
    2020-10-01 50 days 2,841 sqft
    2020-11-01 57 days 2,748 sqft
    2020-12-01 69 days 2,640 sqft
    2021-01-01 81 days 2,640 sqft
    2021-02-01 71 days 2,732 sqft
    2021-03-01 43 days 2,676 sqft
    2021-04-01 32 days 2,694 sqft
    2021-05-01 32 days 2,730 sqft
    2021-06-01 34 days 2,617 sqft
    2021-07-01 39 days 2,443 sqft
    2021-08-01 48 days 2,212 sqft
    2021-09-01 54 days 2,202 sqft
    2021-10-01 53 days 2,178 sqft
    2021-11-01 57 days 2,155 sqft
    2021-12-01 67 days 2,098 sqft
    2022-01-01 75 days 2,176 sqft
    2022-02-01 44 days 2,352 sqft
    2022-03-01 30 days 2,358 sqft
    2022-04-01 22 days 2,326 sqft
    2022-05-01 20 days 2,290 sqft
    2022-06-01 27 days 2,348 sqft
    2022-07-01 32 days 2,312 sqft
    2022-08-01 44 days 2,464 sqft
    2022-09-01 52 days 2,431 sqft
    2022-10-01 52 days 2,451 sqft
    2022-11-01 55 days 2,461 sqft
    2022-12-01 71 days 2,456 sqft
    2023-01-01 74 days 2,421 sqft
    2023-02-01 57 days 2,541 sqft
    2023-03-01 39 days 2,681 sqft
    2023-04-01 36 days 2,744 sqft
    2023-05-01 26 days 2,906 sqft
    2023-06-01 32 days 3,000 sqft
    2023-07-01 38 days 2,956 sqft
    2023-08-01 50 days 2,768 sqft
    2023-09-01 46 days 2,728 sqft
    2023-10-01 42 days 2,695 sqft
    2023-11-01 48 days 2,677 sqft
    2023-12-01 61 days 2,585 sqft
    2024-01-01 64 days 2,568 sqft
    2024-02-01 43 days 2,581 sqft
    2024-03-01 37 days 2,658 sqft
    2024-04-01 31 days 2,560 sqft
    2024-05-01 22 days 2,666 sqft
    2024-06-01 25 days 2,472 sqft
    2024-07-01 40 days 2,390 sqft
    2024-08-01 46 days 2,299 sqft
    2024-09-01 44 days 2,292 sqft
    2024-10-01 44 days 2,275 sqft
    2024-11-01 52 days 2,177 sqft
    2024-12-01 63 days 2,166 sqft
    2025-01-01 0 days 2,119 sqft
    Bridgeport's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Bridgeport's median square footage for active listings during the 2025-01-01 period was 2,119 sqft. One year prior, the average listing was 2,568 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).