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 196 lenders originated 2,203 FHA loans during 2022. The total origination value was $680,925,000, with an average FHA loan value of $309,090.

North Port FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in North Port averaged 6% for the week of 2024-02-16, compared to the national average (all FHA variants) of 6.611% for the same period.

North Port's average FHA mortgage closing costs are $8,701.

The average rate for the prior week (2024-02-09) was 5.91% and one month ago for the week of 2024-01-12, the average rate was 6.05%.

The average rate one year ago was 5.69%.

For refis of the same type during the week of 2024-02-16, the average rate was 4.98%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 155 4.32% $12,462
UNITED WHOLESALE MORTGAGE, LLC 129 4.65% $12,579
CALIBER HOME LOANS, INC. 109 4.58% $11,953
LOANDEPOT.COM, LLC 85 4.58% $10,932
DHI MORTGAGE COMPANY, LTD. 77 4.61% $11,949
CROSSCOUNTRY MORTGAGE, LLC 67 5.28% $13,111
HOME POINT FINANCIAL CORPORATION 49 4.31% $11,171
FREEDOM MORTGAGE CORPORATION 48 4.86% $13,152
PENNYMAC LOAN SERVICES, LLC 48 4.21% $14,120
HOMEBRIDGE FINANCIAL SERVICES, INC. 48 4.48% $14,801
Flagstar Bank, FSB 42 4.49% $13,360
FBC MORTGAGE, LLC 39 5.26% $10,428
Carrington Mortgage Services, LLC 38 5.13% $14,668
Paramount Residential Mortgage Group, Inc. 32 5.42% $16,108
NFM, INC. 29 5.06% $13,612
LAKEVIEW LOAN SERVICING, LLC 27 4.05% $8,629
NEWREZ LLC 27 4.52% $10,814
Mr. Cooper ( Nationstar Mortgage ) 25 4.06% $12,149
South Pacific Financial Corporation 25 5.02% $11,725
CARDINAL FINANCIAL 24 4.85% $13,263
M/I FINANCIAL, LLC 24 4.63% $12,546
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 24 4.80% $12,853
Mortgage Lenders Investment Trading Corporation 23 4.60% $9,751
AMERISAVE MORTGAGE CORPORATION 20 4.20% $14,802
MOVEMENT MORTGAGE, LLC 20 4.99% $12,722
BROKER SOLUTIONS, INC. 18 5.06% $13,684
NVR Mortgage Finance, Inc. 18 4.16% $15,174
Equity Prime Mortgage LLC 17 5.13% $12,261
INLANTA MORTGAGE, INC. 17 4.85% $11,686
South State Bank 16 5.02% $11,923
PULTE MORTGAGE LLC 16 4.48% $9,881
NEAL COMMUNITIES FUNDING, LLC 15 4.94% $14,733
AMERICAN PACIFIC MORTGAGE CORPORATION 14 5.52% $14,657
Ixonia Bank 14 5.42% $12,877
Bank of England 14 5.54% $15,391
GUARANTEED RATE, INC. 14 5.32% $11,684
FAIRWAY FUNDING GROUP, INC. 12 4.32% $12,752
EVERETT FINANCIAL, INC. 12 4.96% $8,282
Lakeview Community Capital, LLC 12 3.95% $6,528
TOP FLITE FINANCIAL, INC. 11 5.11% $16,302
THE MORTGAGE FIRM, INC. 11 4.94% $11,493
GUARANTEED RATE AFFINITY, LLC 10 4.75% $12,757
AMERICAN FINANCING CORPORATION 10 4.60% $13,384
VILLAGE CAPITAL MORTGAGE 10 3.49% $8,391
KBHS HOME LOANS, LLC 9 5.23% $17,187
MILEND, INC. 8 4.61% $15,285
PLAZA HOME MORTGAGE, INC. 8 4.67% $13,806
VAN DYK MORTGAGE CORPORATION 8 4.42% $11,100
DAS Acquisition Company, LLC 7 4.55% $11,237
SUN WEST MORTGAGE COMPANY, INC. 7 4.43% $14,034
Plains Commerce Bank 6 4.42% $12,285
FINANCE OF AMERICA MORTGAGE LLC 6 4.67% $12,421
FIRST CENTENNIAL MORTGAGE CORPORATION 6 5.73% $12,764
First Federal Bank 6 4.42% $11,518
TJC Mortgage, Inc. 6 4.73% $13,512
HOMESTEAD FUNDING CORP. 6 5.15% $8,980
HOMESIDE FINANCIAL, LLC 6 4.69% $16,990
LADERA LENDING, INC. 6 5.13% $16,702
Nations Lending Corporation 5 4.83% $12,207
PARK SQUARE HOME MORTGAGE, LLC 5 4.97% $8,248
EAGLE HOME MORTGAGE, LLC 5 5.20% $14,188
Hometown Lenders, Inc. 5 5.03% $14,799
VANDERBILT MORTGAGE AND FINANCE, INC. 5 4.75% $13,225
PLANET HOME LENDING, LLC 5 4.03% $9,972
MATTAMY HOME FUNDING, LLC 5 3.90% $13,946
LOANPAL, LLC 5 3.98% $16,124
SUCCESS MORTGAGE PARTNERS, INC. 5 5.08% $14,591
ACADEMY MORTGAGE CORPORATION 5 4.80% $14,140
Fifth Third Bank 5 6.20% $7,848
Mortgage Research Center, LLC 4 5.34% $11,088
Citizens Bank 4 3.97% $9,558
TOTAL MORTGAGE SERVICES, LLC 4 5.69% $13,877
Sierra Pacific Mortgage Company, Inc. 4 4.69% $12,209
RELIANCE FIRST CAPITAL, LLC 4 4.66% $13,632
NATIONS DIRECT MORTGAGE, LLC 4 5.19% $12,772
The Federal Savings Bank 4 5.00% $10,119
MICHIGAN MUTUAL, INC. 4 4.81% $14,113
Regions Bank 4 5.34% $10,037
LAND HOME FINANCIAL SERVICES, INC. 4 4.69% $11,479
Synovus Bank 3 6.29% $12,440
ABSOLUTE HOME MORTGAGE CORPORATION 3 4.46% $11,065
Bank of America 3 5.21% $7,307
Century Mortgage Company DBA Century Lending Company 3 3.79% $19,094
Evolve Bank & Trust 3 4.83% $11,543
First Home Bank 3 4.29% $9,098
GENEVA FINANCIAL, LLC 3 5.75% $14,994
GERSHMAN INVESTMENT CORP. 3 4.79% $12,137
GUILD MORTGAGE COMPANY 3 4.79% $10,837
HAMILTON HOME LOANS, INC. 3 4.45% $16,721
Hometown Equity Mortgage, LLC 3 4.38% $15,667
JPMorgan Chase Bank 3 5.50% $9,123
MUTUAL OF OMAHA MORTGAGE, INC. 3 3.67% $16,728
NETWORK CAPITAL FUNDING CORPORATION 3 5.25% $11,519
NP, Inc. 3 4.79% $12,753
PANORAMA MORTGAGE GROUP, LLC 3 6.79% $15,463
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 4.63% $15,872
SECURITYNATIONAL MORTGAGE COMPANY 3 4.42% $12,360
T2 FINANCIAL LLC 3 4.83% $15,680
EUSTIS AND AMERICAN MORTGAGE COMPANY 2 3.81% $8,437
ZILLOW HOME LOANS, LLC 2 3.63% $12,429
EMM LOANS LLC 2 4.50% $18,390
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 4.38% $14,322
RESIDENTIAL BANCORP 2 4.81% $14,823
NEW DAY FINANCIAL, LLC 2 5.75% $12,329
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 4.75% $16,486
EMBRACE HOME LOANS, INC. 2 4.25% $7,151
Peoples Bank 2 4.63% $11,754
M&T Bank 2 4.50% $10,389
AMERIFIRST FINANCIAL CORPORATION 2 4.69% $13,133
Wells Fargo Bank 2 3.69% $8,268
Northpointe Bank 2 6.50% $9,480
FOUNDATION MORTGAGE CORPORATION 2 4.00% $15,757
PNC Bank 2 5.06% $8,999
BECKAM FUNDING CORP. 2 4.06% $14,506
Midwest Community Bank 2 4.25% $10,125
HANCOCK MORTGAGE PARTNERS, LLC 2 5.63% $16,536
Preston Home Loans Inc 2 4.81% $12,205
Waterstone Mortgage Corporation 2 5.06% $14,251
Strong Home Mortgage, LLC 2 5.06% $10,362
GSF Mortgage Corporation 2 4.81% $18,330
Christensen Financial, Inc. 2 5.44% $15,219
Financial Freedom Mortgage, LLC 2 5.63% $12,618
Hancock Whitney Bank 2 4.69% $11,493
CRESCENT MORTGAGE COMPANY 1 3.50% $7,606
Cornerstone First Mortgage, Inc 1 3.25% $7,482
CONTOUR MORTGAGE CORPORATION 1 3.75% $11,373
COLUMBUS CAPITAL LENDING, LLC 1 3.88% $14,923
CMG MORTGAGE, INC. 1 7.00% $16,609
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.25% $18,826
POLARIS HOME FUNDING CORP. 1 3.50% $12,909
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.25% $14,664
CHURCHILL MORTGAGE CORPORATION 1 5.00% $12,635
RADIUS FINANCIAL GROUP INC. 1 3.63% $10,445
RAPID MORTGAGE COMPANY 1 6.13% $9,170
CALCON MUTUAL MORTGAGE LLC 1 3.88% $12,797
BRIDGEVIEW MORTGAGE CORP. 1 4.38% $16,200
RESIDENTIAL HOME FUNDING CORP. 1 2.75% $14,309
Residential Mortgage Solutions, Inc. 1 4.25% $11,475
Seacoast National Bank 1 5.38% $14,382
SeaTrust Mortgage Company 1 5.50% $12,276
SHELTER MORTGAGE COMPANY, L.L.C. 1 4.50% $8,797
Shore United Bank 1 4.63% $15,150
Bell Bank 1 5.25% $11,355
BancorpSouth 1 3.88% $12,302
SOUTHWEST FUNDING, LP 1 3.75% $9,938
SOVEREIGN LENDING GROUP INCORPORATED 1 3.25% $13,111
STOCKTON MORTGAGE CORPORATION 1 6.75% $13,094
Austin Capital Bank SSB 1 5.25% $16,426
Assurance Financial Group, L.L.C. 1 6.13% $14,436
SWBC MORTGAGE CORPORATION 1 5.00% $6,736
1ST FINANCIAL, INC. 1 7.63% $14,869
TD Bank 1 4.88% $9,694
The Central Trust Bank 1 4.25% $9,614
THE EQUITABLE MORTGAGE CORPORATION 1 5.25% $10,561
ASPIRE FINANCIAL, INC. 1 2.50% $12,501
The Union Bank Company 1 5.75% $17,613
AmRes Corporation 1 3.99% $11,092
AmeriHome Mortgage Company, LLC 1 5.50% $10,321
TOWNE MORTGAGE COMPANY 1 4.99% $7,835
Truist 1 5.25% $12,466
UNION HOME MORTGAGE CORP. 1 4.63% $15,753
United Community Bank 1 4.75% $10,889
United Fidelity Funding Corp. 1 6.25% $17,427
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 5.63% $11,430
Integrity Home Mortgage Corp 1 6.75% $10,182
JET DIRECT FUNDING CORP 1 6.88% $13,173
UNIVERSITY LENDING GROUP, LLC 1 5.00% $9,266
INSPIRE HOME LOANS INC. 1 4.13% $7,660
HOMESPIRE MORTGAGE CORPORATION 1 6.75% $9,341
LAKE MICHIGAN CREDIT UNION 1 5.50% $11,847
HOME SOLUTION LENDERS INC. 1 3.13% $7,235
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.50% $20,006
LEADERONE FINANCIAL CORPORATION 1 6.13% $17,162
LEGEND LENDING CORPORATION 1 6.75% $14,741
Magnolia Bank 1 4.25% $14,752
GREAT WESTERN FINANCIAL SERVICES, INC. 1 6.63% $13,778
First Savings Bank 1 3.75% $16,900
FIRST HOME MORTGAGE CORPORATION 1 6.63% $25,948
MORIA DEVELOPMENT, INC. 1 5.25% $16,147
MORTGAGE EQUITY PARTNERS LLC 1 5.63% $9,794
First Guaranty Mortgage Corporation 1 2.88% $13,534
First-Citizens Bank & Trust Company 1 6.50% $12,110
US MORTGAGE CORPORATION 1 4.25% $11,987
EQUITY NOW INC. 1 4.99% $19,504
ENVOY MORTGAGE, LTD 1 7.00% $19,442
NATIONS RELIABLE LENDING, LLC 1 5.75% $18,162
NATIONWIDE MORTGAGE BANKERS, INC. 1 5.13% $21,803
NBKC BANK 1 3.75% $13,904
DIRECTIONS EQUITY, LLC 1 6.13% $6,905
AMERICAN BANCSHARES MORTGAGE 1 5.00% $10,761
DATA MORTGAGE, INC. 1 6.63% $23,256
OAKTREE FUNDING CORP. 1 5.13% $20,594
OCEANSIDE MORTGAGE COMPANY 1 2.75% $4,560
ON Q FINANCIAL, INC. 1 3.75% $9,716
OPEN MORTGAGE, LLC 1 7.63% $22,903
ALLIED MORTGAGE GROUP, INC. 1 3.38% $17,901

The top North Port FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 155 FHA loans originated. Their average total fees are $12,462, which is $118 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee North Port FHA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($6,528), EVERETT FINANCIAL, INC. ($8,282), VILLAGE CAPITAL MORTGAGE ($8,391), LAKEVIEW LOAN SERVICING, LLC ($8,629) and Mortgage Lenders Investment Trading Corporation ($9,751).

The lowest rate North Port FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (3.49%), Lakeview Community Capital, LLC (3.95%), LAKEVIEW LOAN SERVICING, LLC (4.05%), Mr. Cooper ( Nationstar Mortgage ) (4.06%) and NVR Mortgage Finance, Inc. (4.16%).

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
North Port's median listing price for 2023-12-01 was $520,000, a difference of $-5,000 (-1.0%) versus the prior year and $-4,950 versus the prior month.

North Port's median listing price comes in at 127% of the national average.

North Port's average listing price for 2023-12-01 was $955,884, a difference of $-31,609 (-3.2%) versus the prior year and $-7,880 versus the prior month.

For the 2023-12-01 period, North Port had 6,682 MLS listings, a difference of 468 listings (8%) versus the prior month and 2,796 listings (72%) 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 80 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
North Port's median listing age (time on market) for 2023-12-01 was 59 days. This is 7% longer than the same period one year ago.

North Port's median square footage for active listings during the 2023-12-01 period was 1,718 sqft. One year prior, the average listing was 1,773 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).