North Port FHA Loan Rates, Closing Costs & Stats

North Port-Sarasota-Bradenton, FL

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.

North Port's 195 lenders originated 2,571 FHA loans during 2023. The total origination value was $868,985,000, with an average FHA loan value of $337,995.

North Port FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in North Port averaged 6.49% for the week of 2024-05-24, compared to the national average (all FHA variants) of 6.746% for the same period.

North Port's average FHA mortgage closing costs are $9,500.

The average rate for the prior week (2024-05-17) was 6.49% and one month ago for the week of 2024-04-19, the average rate was 6.61%.

The average rate one year ago was 6.13%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.83%.

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

North Port 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 North Port level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 261 6.23% $15,743
DHI MORTGAGE COMPANY, LTD. 221 5.39% $10,907
QUICKEN LOANS, LLC 156 6.12% $14,528
LOANDEPOT.COM, LLC 100 6.15% $12,525
CROSSCOUNTRY MORTGAGE, LLC 66 6.66% $13,851
South Pacific Financial Corporation 63 5.45% $10,294
EAGLE HOME MORTGAGE, LLC 61 5.85% $13,371
CARDINAL FINANCIAL 57 6.25% $16,612
FBC MORTGAGE, LLC 48 6.23% $12,126
CMG MORTGAGE, INC. 46 5.98% $21,408
NVR Mortgage Finance, Inc. 46 6.07% $14,449
FREEDOM MORTGAGE CORPORATION 44 6.76% $15,606
NEWREZ LLC 41 6.53% $13,900
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 40 6.56% $14,403
PENNYMAC LOAN SERVICES, LLC 40 6.38% $17,058
Flagstar Bank, FSB 39 6.08% $11,947
Paramount Residential Mortgage Group, Inc. 37 6.58% $17,079
GUARANTEED RATE, INC. 36 6.26% $15,297
KBHS HOME LOANS, LLC 32 5.96% $16,912
NFM, INC. 29 6.42% $17,474
NEAL COMMUNITIES FUNDING, LLC 29 6.06% $11,627
BROKER SOLUTIONS, INC. 27 6.68% $15,629
CALIBER HOME LOANS, INC. 26 6.11% $13,733
HOMEBRIDGE FINANCIAL SERVICES, INC. 24 5.75% $19,149
Bank of England 23 6.91% $13,594
Ixonia Bank 23 6.61% $15,138
Plains Commerce Bank 23 6.47% $14,135
M/I FINANCIAL, LLC 22 6.03% $16,768
PANORAMA MORTGAGE GROUP, LLC 21 6.83% $15,146
Carrington Mortgage Services, LLC 21 6.21% $15,515
MOVEMENT MORTGAGE, LLC 21 6.71% $14,622
FAIRWAY FUNDING GROUP, INC. 20 6.66% $14,331
VANDERBILT MORTGAGE AND FINANCE, INC. 16 5.66% $19,547
Equity Prime Mortgage LLC 15 6.87% $14,894
EVERETT FINANCIAL, INC. 14 6.71% $14,728
PARK SQUARE HOME MORTGAGE, LLC 13 5.23% $14,290
PULTE MORTGAGE LLC 12 5.76% $10,645
AMERICAN PACIFIC MORTGAGE CORPORATION 12 7.02% $13,682
LOANPAL, LLC 12 5.80% $14,140
Regions Bank 12 5.86% $13,749
GUARANTEED RATE AFFINITY, LLC 11 6.32% $13,222
THE MORTGAGE FIRM, INC. 11 6.91% $13,160
VILLAGE CAPITAL MORTGAGE 10 6.28% $12,939
AMERISAVE MORTGAGE CORPORATION 10 6.19% $14,987
Sierra Pacific Mortgage Company, Inc. 10 6.14% $14,734
LAKEVIEW LOAN SERVICING, LLC 9 5.90% $15,974
HOMESTEAD FUNDING CORP. 9 6.07% $8,205
VAN DYK MORTGAGE CORPORATION 9 6.74% $10,886
EMM LOANS LLC 9 6.36% $18,841
The Federal Savings Bank 8 6.17% $15,667
HOME SOLUTION LENDERS INC. 8 6.59% $17,148
SUN WEST MORTGAGE COMPANY, INC. 8 6.06% $18,974
AMERICAN FINANCIAL NETWORK, INC. 8 6.58% $12,988
Mr. Cooper ( Nationstar Mortgage ) 8 6.44% $20,502
South State Bank 8 6.16% $15,009
PLAZA HOME MORTGAGE, INC. 7 6.69% $16,127
INSPIRE HOME LOANS INC. 7 5.79% $9,254
HOMESIDE FINANCIAL, LLC 7 6.50% $14,943
Century Mortgage Company DBA Century Lending Company 6 6.29% $15,572
MATTAMY HOME FUNDING, LLC 6 5.74% $15,718
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 6.52% $19,008
SUCCESS MORTGAGE PARTNERS, INC. 6 6.10% $13,209
GENEVA FINANCIAL, LLC 6 6.77% $16,115
ZILLOW HOME LOANS, LLC 6 6.04% $14,542
LAND HOME FINANCIAL SERVICES, INC. 5 6.58% $12,929
MICHIGAN MUTUAL, INC. 5 5.95% $17,458
Mortgage Research Center, LLC 5 6.67% $13,212
MUTUAL OF OMAHA MORTGAGE, INC. 5 6.45% $18,535
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.50% $13,474
ALLIED MORTGAGE GROUP, INC. 5 6.00% $14,870
EMBRACE HOME LOANS, INC. 5 6.07% $16,881
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 5 6.85% $12,507
HOMEOWNERS FINANCIAL GROUP USA, LLC 5 6.63% $15,392
AMCAP MORTGAGE, LTD. 5 7.15% $15,564
DRAPER AND KRAMER MORTGAGE CORP. 4 6.25% $10,666
Hancock Whitney Bank 4 5.84% $17,023
VERITAS FUNDING, LLC 4 6.00% $19,323
U.S. Bank 4 7.03% $13,409
TJC Mortgage, Inc. 4 6.34% $17,708
Fifth Third Bank 4 6.38% $9,102
Nations Lending Corporation 4 6.41% $21,163
Keystone Funding, Inc. 4 6.88% $13,243
Loan Simple, Inc. 4 7.16% $15,849
UNION HOME MORTGAGE CORP. 3 6.71% $12,909
Truist 3 6.78% $10,237
PLANET HOME LENDING, LLC 3 6.67% $17,716
Integrity Home Mortgage Corp 3 6.67% $14,138
GLENDENNING MORTGAGE CORPORATION 3 6.88% $13,796
Citizens Bank 3 6.21% $15,727
STOCKTON MORTGAGE CORPORATION 3 5.88% $12,395
ABSOLUTE HOME MORTGAGE CORPORATION 3 5.88% $21,888
Prosperity Home Mortgage, LLC 3 6.46% $14,068
Ameris Bank 3 6.38% $14,032
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 7.21% $11,591
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.71% $17,574
ROYAL UNITED MORTGAGE LLC 3 7.04% $13,757
ACADEMY MORTGAGE CORPORATION 3 6.79% $14,905
MORTGAGE EQUITY PARTNERS LLC 3 7.13% $17,625
HOMESPIRE MORTGAGE CORPORATION 3 6.17% $15,510
Home State Bank 3 6.54% $11,837
Mortgage Lenders Investment Trading Corporation 2 7.25% $17,553
OCMBC, INC. 2 7.31% $10,510
PENTAGON FEDERAL CREDIT UNION 2 5.75% $13,508
PHH Mortgage Corporation 2 6.56% $13,987
PREMIER MORTGAGE RESOURCES, L.L.C. 2 7.75% $14,201
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.31% $10,774
RADIUS FINANCIAL GROUP INC. 2 6.81% $14,655
RESIDENTIAL BANCORP 2 6.00% $10,908
SECURITYNATIONAL MORTGAGE COMPANY 2 6.38% $13,666
T2 FINANCIAL LLC 2 6.88% $18,184
FIDELITY DIRECT MORTGAGE, LLC 2 6.69% $11,168
First Bank 2 6.31% $12,407
TOWNE MORTGAGE COMPANY 2 6.44% $18,713
First Federal Bank 2 6.75% $16,514
Bank of America 2 6.56% $13,072
Waterstone Mortgage Corporation 2 6.38% $19,603
Wells Fargo Bank 2 6.63% $10,736
American Mortgage & Equity Consultants, Inc. 2 6.94% $12,528
BECKAM FUNDING CORP. 2 6.25% $24,595
BETTER MORTGAGE CORPORATION 2 6.06% $13,743
GUILD MORTGAGE COMPANY 2 7.00% $16,865
INTERCOASTAL MORTGAGE COMPANY 2 6.56% $12,399
JPMorgan Chase Bank 2 6.69% $10,424
LADERA LENDING, INC. 2 7.06% $12,329
Advisors Mortgage Group, L.L.C. 2 6.25% $12,889
LEADERONE FINANCIAL CORPORATION 2 6.06% $8,885
LOANLEADERS OF AMERICA, INC. 2 6.13% $16,025
AmeriHome Mortgage Company, LLC 2 5.94% $14,886
MASON MCDUFFIE MORTGAGE CORPORATION 2 7.37% $11,178
MILEND, INC. 2 6.81% $20,145
NP, Inc. 2 7.31% $17,851
NATIONS RELIABLE LENDING, LLC 2 6.44% $12,592
NETWORK CAPITAL FUNDING CORPORATION 2 6.31% $18,898
M&T Bank 1 7.25% $10,098
AHL FUNDING 1 6.75% $22,623
AMERICAN FINANCING CORPORATION 1 6.99% $12,252
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 7.50% $8,807
Armed Forces Bank 1 5.75% $10,998
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 5.75% $16,507
Atlantic Coast Mortgage, LLC 1 6.63% $12,493
Atlantic Union Bank 1 6.13% $10,644
BancorpSouth 1 6.38% $10,994
Barrington Bank & Trust Company, N.A. 1 6.75% $9,681
BM Real Estate Services, Inc. 1 6.88% $27,368
Capital City Home Loans, LLC 1 6.13% $19,072
Centennial Bank 1 6.75% $10,734
CHURCHILL MORTGAGE CORPORATION 1 6.75% $15,446
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.63% $16,679
COMMUNITY MORTGAGE, LLC 1 7.13% $13,699
COMPASS MORTGAGE, INC. 1 5.63% $21,347
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 5.99% $18,357
DIRECT MORTGAGE LOANS, LLC 1 6.75% $9,509
ENVOY MORTGAGE, LTD 1 6.75% $16,117
EQUITY RESOURCES, INC. 1 6.99% $17,408
FIRST CENTENNIAL MORTGAGE CORPORATION 1 7.75% $10,449
FIRST HOME MORTGAGE CORPORATION 1 5.13% $21,029
Florida Capital Bank 1 6.50% $14,526
Franklin Loan Corporation 1 5.63% $25,300
Genesee Regional Bank 1 6.75% $15,671
GERSHMAN INVESTMENT CORP. 1 5.63% $12,063
GoPrime Mortgage, Inc. 1 6.50% $14,163
Hometown Equity Mortgage, LLC 1 6.38% $19,467
ISERVE RESIDENTIAL LENDING, LLC 1 7.25% $17,968
JLB CORPORATION 1 5.75% $17,789
JMJ FINANCIAL GROUP 1 7.38% $10,864
KELLER MORTGAGE, LLC 1 5.13% $12,951
Lakeview Community Capital, LLC 1 5.75% $13,187
LIBERTY HOME MORTGAGE CORPORATION 1 6.75% $22,654
Magnolia Bank 1 6.50% $14,639
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 7.25% $17,917
MID AMERICA MORTGAGE, INC. 1 7.63% $4,538
MLB RESIDENTIAL LENDING, LLC 1 7.88% $18,603
1ST FINANCIAL, INC. 1 6.75% $23,152
NATIONS DIRECT MORTGAGE, LLC 1 7.25% $14,175
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.63% $17,095
Northpointe Bank 1 6.75% $15,623
NORTHPOINT MORTGAGE, INC. 1 7.25% $9,106
OPEN MORTGAGE, LLC 1 6.25% $19,852
PREFERRED LENDING SERVICES, LLC 1 6.50% $16,272
Premium Mortgage Corporation 1 8.00% $20,089
Princeton Mortgage Corporation 1 6.00% $13,999
RAPID MORTGAGE COMPANY 1 6.63% $20,026
Residential Mortgage Solutions, Inc. 1 6.63% $10,334
RUOFF MORTGAGE COMPANY, INC. 1 6.00% $22,417
Semper Home Loans, Inc. 1 5.63% $13,904
SOVEREIGN LENDING GROUP INCORPORATED 1 6.00% $8,755
SPACE COAST Credit Union 1 6.38% $10,798
Strong Home Mortgage, LLC 1 6.75% $12,767
Synovus Bank 1 5.63% $12,715
The Loan Store, Inc. 1 6.38% $23,640
THRIVE MORTGAGE, LLC 1 5.75% $17,364
TOTAL MORTGAGE SERVICES, LLC 1 5.75% $19,017
US MORTGAGE CORPORATION 1 5.63% $16,010
Victorian Finance, LLC 1 6.88% $10,110
WALL STREET MORTGAGE BANKERS, LTD. 1 7.13% $8,639

The top North Port FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 261 FHA loans originated. Their average total fees are $15,743, which is $4,836 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee North Port FHA lenders (with over 10 loans originated) are South Pacific Financial Corporation ($10,294), PULTE MORTGAGE LLC ($10,645), DHI MORTGAGE COMPANY, LTD. ($10,907), NEAL COMMUNITIES FUNDING, LLC ($11,627) and Flagstar Bank, FSB ($11,947).

The lowest rate North Port FHA lenders (with over 10 loans originated) are PARK SQUARE HOME MORTGAGE, LLC (5.23%), DHI MORTGAGE COMPANY, LTD. (5.39%), South Pacific Financial Corporation (5.45%), VANDERBILT MORTGAGE AND FINANCE, INC. (5.66%) and HOMEBRIDGE FINANCIAL SERVICES, INC. (5.75%).

North Port FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
NORTH PORT-SARASOTA-BRADENTON, FL MANATEE 2022 $420,680 $538,650 $651,050 $809,150
NORTH PORT-SARASOTA-BRADENTON, FL SARASOTA 2022 $420,680 $538,650 $651,050 $809,150
NORTH PORT-SARASOTA-BRADENTON, FL MANATEE 2023 $506,000 $647,750 $783,000 $973,100
NORTH PORT-SARASOTA-BRADENTON, FL SARASOTA 2023 $506,000 $647,750 $783,000 $973,100

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - North Port (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 $352,500 (-2.6%) $580,897 (-6.2%) 1.31 7,765
2018-02-01 $354,950 (-1.9%) $585,162 (-5.1%) 1.29 8,279
2018-03-01 $351,945 (-2.2%) $584,585 (-4.6%) 1.23 8,298
2018-04-01 $350,000 (-3.3%) $584,611 (-4.5%) 1.19 8,079
2018-05-01 $357,000 (-0.8%) $592,572 (-3.0%) 1.19 7,723
2018-06-01 $359,900 (-0.5%) $599,963 (-1.1%) 1.20 7,338
2018-07-01 $364,625 (1.3%) $609,843 (1.3%) 1.22 7,056
2018-08-01 $359,556 (2.7%) $610,476 (3.4%) 1.20 6,805
2018-09-01 $350,000 (0.0%) $590,538 (0.5%) 1.18 6,811
2018-10-01 $354,498 (1.3%) $595,590 (2.0%) 1.20 7,078
2018-11-01 $350,000 (0.0%) $599,075 (3.0%) 1.19 7,766
2018-12-01 $349,900 (0.0%) $598,249 (3.0%) 1.21 8,209
2019-01-01 $350,000 (-0.7%) $595,405 (2.5%) 1.21 8,774
2019-02-01 $352,238 (-0.8%) $596,285 (1.9%) 1.19 9,205
2019-03-01 $354,285 (0.7%) $599,858 (2.6%) 1.16 9,052
2019-04-01 $360,937 (3.1%) $605,346 (3.6%) 1.15 8,703
2019-05-01 $364,503 (2.1%) $610,429 (3.0%) 1.14 7,986
2019-06-01 $369,000 (2.5%) $616,742 (2.8%) 1.15 7,431
2019-07-01 $369,125 (1.2%) $617,292 (1.2%) 1.16 6,949
2019-08-01 $367,190 (2.1%) $615,719 (0.9%) 1.16 6,709
2019-09-01 $364,476 (4.1%) $610,827 (3.4%) 1.17 6,612
2019-10-01 $363,934 (2.7%) $610,569 (2.5%) 1.17 6,581
2019-11-01 $369,000 (5.4%) $621,057 (3.7%) 1.21 6,859
2019-12-01 $370,950 (6.0%) $631,476 (5.6%) 1.24 6,894
2020-01-01 $369,995 (5.7%) $635,878 (6.8%) 1.24 7,067
2020-02-01 $371,356 (5.4%) $648,207 (8.7%) 1.22 7,268
2020-03-01 $371,250 (4.8%) $642,091 (7.0%) 1.16 7,365
2020-04-01 $357,445 (-1.0%) $616,867 (1.9%) 1.12 7,079
2020-05-01 $359,300 (-1.4%) $623,665 (2.2%) 1.09 6,499
2020-06-01 $365,000 (-1.1%) $651,367 (5.6%) 1.08 5,763
2020-07-01 $369,824 (0.2%) $660,814 (7.1%) 1.07 5,233
2020-08-01 $372,000 (1.3%) $659,178 (7.1%) 1.07 4,846
2020-09-01 $374,950 (2.9%) $672,728 (10.1%) 1.07 4,479
2020-10-01 $375,000 (3.0%) $687,924 (12.7%) 1.07 4,355
2020-11-01 $375,000 (1.6%) $700,528 (12.8%) 1.10 4,042
2020-12-01 $379,000 (2.2%) $710,953 (12.6%) 1.13 3,681
2021-01-01 $381,641 (3.2%) $751,922 (18.3%) 1.14 3,103
2021-02-01 $393,125 (5.9%) $818,087 (26.2%) 1.14 2,236
2021-03-01 $415,000 (11.8%) $829,409 (29.2%) 1.18 1,725
2021-04-01 $422,045 (18.1%) $854,109 (38.5%) 1.14 1,518
2021-05-01 $425,000 (18.3%) $881,351 (41.3%) 1.13 1,415
2021-06-01 $444,500 (21.8%) $915,046 (40.5%) 1.17 1,395
2021-07-01 $455,000 (23.0%) $930,294 (40.8%) 1.20 1,495
2021-08-01 $464,250 (24.8%) $944,607 (43.3%) 1.24 1,557
2021-09-01 $476,678 (27.1%) $944,496 (40.4%) 1.27 1,609
2021-10-01 $497,900 (32.8%) $987,942 (43.6%) 1.33 1,575
2021-11-01 $507,450 (35.3%) $1,029,958 (47.0%) 1.36 1,480
2021-12-01 $512,450 (35.2%) $1,084,922 (52.6%) 1.39 1,392
2022-01-01 $534,680 (40.1%) $1,193,042 (58.7%) 1.45 1,142
2022-02-01 $556,353 (41.5%) $1,253,264 (53.2%) 1.45 1,108
2022-03-01 $576,665 (39.0%) $1,265,317 (52.6%) 1.44 1,224
2022-04-01 $599,000 (41.9%) $1,254,684 (46.9%) 1.43 1,522
2022-05-01 $599,450 (41.1%) $1,185,127 (34.5%) 1.37 2,014
2022-06-01 $599,450 (34.9%) $1,149,308 (25.6%) 1.34 2,644
2022-07-01 $579,000 (27.3%) $1,060,492 (14.0%) 1.30 3,348
2022-08-01 $555,000 (19.6%) $1,002,784 (6.2%) 1.28 3,601
2022-09-01 $548,250 (15.0%) $964,138 (2.1%) 1.28 3,579
2022-10-01 $539,500 (8.4%) $960,172 (-2.8%) 1.27 3,466
2022-11-01 $526,000 (3.7%) $961,834 (-6.6%) 1.26 3,822
2022-12-01 $525,000 (2.5%) $987,493 (-9.0%) 1.30 3,886
2023-01-01 $539,582 (0.9%) $1,037,457 (-13.0%) 1.34 4,102
2023-02-01 $537,811 (-3.3%) $1,059,818 (-15.4%) 1.30 4,370
2023-03-01 $546,353 (-5.3%) $1,075,273 (-15.0%) 1.29 4,597
2023-04-01 $549,000 (-8.4%) $1,066,350 (-15.0%) 1.28 4,700
2023-05-01 $549,900 (-8.3%) $1,083,539 (-8.6%) 1.25 4,592
2023-06-01 $550,000 (-8.3%) $1,087,224 (-5.4%) 1.24 4,512
2023-07-01 $550,000 (-5.0%) $1,072,393 (1.1%) 1.25 4,565
2023-08-01 $539,927 (-2.7%) $1,054,613 (5.2%) 1.24 4,692
2023-09-01 $525,000 (-4.2%) $1,015,554 (5.3%) 1.22 4,847
2023-10-01 $526,000 (-2.5%) $997,135 (3.9%) 1.24 5,475
2023-11-01 $524,950 (-0.2%) $963,764 (0.2%) 1.25 6,214
2023-12-01 $520,000 (-1.0%) $955,884 (-3.2%) 1.27 6,682
2024-01-01 $525,000 (-2.7%) $957,285 (-7.7%) 1.28 7,417
2024-02-01 $517,450 (-3.8%) $954,114 (-10.0%) 1.25 8,219
2024-03-01 $515,000 (-5.7%) $942,729 (-12.3%) 1.21 8,531
2024-04-01 $499,950 (-8.9%) $932,289 (-12.6%) 1.16 8,515
North Port's median listing price for 2024-04-01 was $499,950, a difference of $-49,050 (-8.9%) versus the prior year and $-15,050 versus the prior month.

North Port's median listing price comes in at 116% of the national average.

North Port's average listing price for 2024-04-01 was $932,289, a difference of $-134,061 (-12.6%) versus the prior year and $-10,440 versus the prior month.

For the 2024-04-01 period, North Port had 8,515 MLS listings, a difference of -16 listings (0%) versus the prior month and 3,815 listings (81%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - North Port (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 72 days 1,848 sqft
2018-02-01 66 days 1,858 sqft
2018-03-01 60 days 1,858 sqft
2018-04-01 70 days 1,857 sqft
2018-05-01 75 days 1,864 sqft
2018-06-01 80 days 1,873 sqft
2018-07-01 82 days 1,883 sqft
2018-08-01 83 days 1,885 sqft
2018-09-01 82 days 1,865 sqft
2018-10-01 77 days 1,867 sqft
2018-11-01 71 days 1,852 sqft
2018-12-01 70 days 1,834 sqft
2019-01-01 75 days 1,828 sqft
2019-02-01 73 days 1,835 sqft
2019-03-01 72 days 1,837 sqft
2019-04-01 74 days 1,837 sqft
2019-05-01 81 days 1,840 sqft
2019-06-01 85 days 1,849 sqft
2019-07-01 86 days 1,856 sqft
2019-08-01 83 days 1,854 sqft
2019-09-01 81 days 1,848 sqft
2019-10-01 77 days 1,847 sqft
2019-11-01 67 days 1,857 sqft
2019-12-01 72 days 1,857 sqft
2020-01-01 74 days 1,853 sqft
2020-02-01 68 days 1,861 sqft
2020-03-01 64 days 1,853 sqft
2020-04-01 72 days 1,826 sqft
2020-05-01 84 days 1,818 sqft
2020-06-01 94 days 1,817 sqft
2020-07-01 82 days 1,828 sqft
2020-08-01 65 days 1,816 sqft
2020-09-01 59 days 1,818 sqft
2020-10-01 56 days 1,811 sqft
2020-11-01 57 days 1,784 sqft
2020-12-01 58 days 1,769 sqft
2021-01-01 61 days 1,774 sqft
2021-02-01 53 days 1,754 sqft
2021-03-01 43 days 1,779 sqft
2021-04-01 37 days 1,769 sqft
2021-05-01 37 days 1,750 sqft
2021-06-01 36 days 1,756 sqft
2021-07-01 36 days 1,758 sqft
2021-08-01 36 days 1,782 sqft
2021-09-01 37 days 1,771 sqft
2021-10-01 38 days 1,797 sqft
2021-11-01 40 days 1,815 sqft
2021-12-01 60 days 1,786 sqft
2022-01-01 43 days 1,795 sqft
2022-02-01 31 days 1,794 sqft
2022-03-01 29 days 1,817 sqft
2022-04-01 26 days 1,831 sqft
2022-05-01 28 days 1,836 sqft
2022-06-01 30 days 1,850 sqft
2022-07-01 34 days 1,836 sqft
2022-08-01 44 days 1,831 sqft
2022-09-01 50 days 1,828 sqft
2022-10-01 59 days 1,830 sqft
2022-11-01 59 days 1,809 sqft
2022-12-01 55 days 1,773 sqft
2023-01-01 60 days 1,784 sqft
2023-02-01 49 days 1,791 sqft
2023-03-01 47 days 1,817 sqft
2023-04-01 50 days 1,784 sqft
2023-05-01 53 days 1,804 sqft
2023-06-01 58 days 1,805 sqft
2023-07-01 60 days 1,815 sqft
2023-08-01 59 days 1,787 sqft
2023-09-01 60 days 1,761 sqft
2023-10-01 59 days 1,754 sqft
2023-11-01 54 days 1,739 sqft
2023-12-01 59 days 1,718 sqft
2024-01-01 67 days 1,726 sqft
2024-02-01 59 days 1,729 sqft
2024-03-01 59 days 1,722 sqft
2024-04-01 67 days 1,715 sqft
North Port's median listing age (time on market) for 2024-04-01 was 67 days. This is 34% longer than the same period one year ago.

North Port's median square footage for active listings during the 2024-04-01 period was 1,715 sqft. One year prior, the average listing was 1,784 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).