North Port FHA Loans

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 212 lenders originated 3,853 FHA loans during 2021. The total origination value was $1,041,165,000, with an average FHA loan value of $270,222.

North Port FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in North Port averaged 5.11% for the week of 2022-05-13, compared to the national average (all FHA variants) of 5.361% for the same period.

The average rate for the prior week (2022-05-06) was 5.24% and one month ago for the week of 2022-04-08, the average rate was 4.81%.

The average rate one year ago was 3.02%.

For refis of the same type during the week of 2022-05-13, the average rate was 4.87%.

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 and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the North Port level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
QUICKEN LOANS, LLC 333 2.69% $7,191
CALIBER HOME LOANS, INC. 259 2.91% $8,863
FREEDOM MORTGAGE CORPORATION 165 2.90% $6,680
CROSSCOUNTRY MORTGAGE, LLC 153 3.11% $9,679
LAKEVIEW LOAN SERVICING, LLC 137 3.02% $5,112
DHI MORTGAGE COMPANY, LTD. 129 2.95% $8,939
UNITED WHOLESALE MORTGAGE, LLC 119 2.74% $9,108
FBC MORTGAGE, LLC 103 3.05% $9,115
LOANDEPOT.COM, LLC 93 3.43% $8,988
PENNYMAC LOAN SERVICES, LLC 88 3.16% $5,718
HOMEBRIDGE FINANCIAL SERVICES, INC. 87 3.06% $9,967
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 73 3.34% $10,103
HOME POINT FINANCIAL CORPORATION 64 2.76% $8,662
Mr. Cooper ( Nationstar Mortgage ) 57 3.28% $4,374
Carrington Mortgage Services, LLC 51 3.40% $9,023
South Pacific Financial Corporation 46 2.85% $10,087
NEWREZ LLC 41 2.92% $7,112
Paramount Residential Mortgage Group, Inc. 41 3.34% $10,893
PULTE MORTGAGE LLC 39 3.17% $6,705
Bank of England 39 3.43% $9,837
LENDUS, LLC 38 3.20% $10,612
Flagstar Bank, FSB 36 2.84% $9,798
Lakeview Community Capital, LLC 34 3.01% $5,090
FAIRWAY FUNDING GROUP, INC. 33 2.79% $10,103
NVR Mortgage Finance, Inc. 31 3.07% $12,189
INLANTA MORTGAGE, INC. 30 3.04% $8,694
THE MORTGAGE FIRM, INC. 30 3.18% $9,254
NFM, INC. 30 3.20% $9,853
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 30 3.27% $9,857
AmeriHome Mortgage Company, LLC 25 2.83% $5,705
VILLAGE CAPITAL & INVESTMENT LLC 25 2.74% $2,869
AMERICAN FINANCIAL NETWORK, INC. 25 3.01% $15,752
NEAL COMMUNITIES FUNDING, LLC 24 2.81% $10,445
VAN DYK MORTGAGE CORPORATION 22 3.20% $7,515
KBHS HOME LOANS, LLC 22 3.28% $12,883
FINANCE OF AMERICA MORTGAGE LLC 21 2.98% $9,244
South State Bank 20 2.87% $9,174
Nations Lending Corporation 19 3.07% $8,183
MOVEMENT MORTGAGE, LLC 19 3.36% $10,355
GUARANTEED RATE, INC. 17 3.04% $9,197
Equity Prime Mortgage LLC 17 3.24% $9,997
EAGLE HOME MORTGAGE, LLC 16 3.30% $9,388
BROKER SOLUTIONS, INC. 15 3.05% $8,616
LAND HOME FINANCIAL SERVICES, INC. 15 3.43% $11,669
GUARANTEED RATE AFFINITY, LLC 15 2.89% $8,731
Mortgage Lenders Investment Trading Corporation 14 3.39% $7,945
SUCCESS MORTGAGE PARTNERS, INC. 13 3.13% $9,132
GENEVA FINANCIAL, LLC 12 3.29% $8,638
HOME SOLUTION LENDERS INC. 11 2.66% $9,602
AMERISAVE MORTGAGE CORPORATION 11 3.06% $7,062
InterContinental Capital Group, Inc 10 2.64% $7,439
The Federal Savings Bank 10 2.91% $8,587
M/I FINANCIAL, LLC 10 2.93% $9,888
PLAZA HOME MORTGAGE, INC. 9 3.19% $10,146
ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 2.50% $7,209
T2 FINANCIAL LLC 9 3.17% $8,806
EMBRACE HOME LOANS, INC. 9 2.97% $9,062
ABSOLUTE HOME MORTGAGE CORPORATION 9 2.90% $9,597
AMERICAN PACIFIC MORTGAGE CORPORATION 8 2.98% $9,025
EMM LOANS LLC 8 3.09% $13,587
MICHIGAN MUTUAL, INC. 8 3.11% $11,588
FIRST CENTENNIAL MORTGAGE CORPORATION 8 2.48% $8,391
TJC Mortgage, Inc. 8 3.14% $9,962
AMERICAN FINANCING CORPORATION 8 2.94% $9,784
First Guaranty Mortgage Corporation 8 3.03% $8,515
DAS Acquisition Company, LLC 8 3.14% $9,061
OCEANSIDE MORTGAGE COMPANY 8 2.73% $4,066
MATTAMY HOME FUNDING, LLC 7 2.43% $10,730
First Federal Bank 7 2.88% $8,333
Hometown Equity Mortgage, LLC 7 4.00% $11,604
SUN WEST MORTGAGE COMPANY, INC. 7 2.89% $8,159
AMERIFIRST FINANCIAL CORPORATION 6 3.81% $12,051
CELEBRITY HOME LOANS, LLC 6 2.96% $9,481
Bank of America 6 2.77% $6,873
Plains Commerce Bank 6 2.85% $10,031
ENVOY MORTGAGE, LTD 6 3.02% $9,039
Regions Bank 6 2.83% $7,093
SECURITYNATIONAL MORTGAGE COMPANY 6 3.13% $8,356
EQUITY RESOURCES, INC. 5 3.08% $6,910
PLANET HOME LENDING, LLC 5 2.73% $6,923
MID AMERICA MORTGAGE, INC. 5 3.33% $6,945
NTFN, INC. 5 3.00% $10,343
MUTUAL OF OMAHA MORTGAGE, INC. 5 2.65% $9,946
Christensen Financial, Inc. 5 3.15% $8,453
Synovus Bank 5 3.40% $9,123
HOMESIDE FINANCIAL, LLC 5 3.15% $9,233
TOP FLITE FINANCIAL, INC. 5 3.53% $13,870
Ixonia Bank 5 3.30% $10,967
SOVEREIGN LENDING GROUP INCORPORATED 4 2.84% $8,385
Ameris Bank 4 2.69% $6,706
LOANPAL, LLC 4 2.84% $10,459
HAMILTON HOME LOANS, INC. 4 3.19% $9,698
Citizens Bank 4 2.94% $8,694
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.41% $9,478
COUNTRYPLACE MORTGAGE, LTD. 4 4.13% $13,381
UNION HOME MORTGAGE CORP. 4 2.91% $9,259
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 3.41% $10,496
HOMESPIRE MORTGAGE CORPORATION 4 3.31% $9,609
INTELLILOAN, INC. 4 3.25% $7,628
BECKAM FUNDING CORP. 4 3.41% $14,732
Truist Bank 4 3.09% $8,755
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 3.25% $11,375
DEVELOPER'S MORTGAGE COMPANY 4 2.88% $10,601
ZILLOW HOME LOANS, LLC 3 2.75% $8,467
ALLIED MORTGAGE GROUP, INC. 3 2.75% $9,075
Barrington Bank & Trust Company, N.A. 3 3.00% $9,240
BAY EQUITY LLC 3 2.67% $8,054
Blue Ridge Bank 3 3.21% $10,715
EVERETT FINANCIAL, INC. 3 3.54% $7,264
Fifth Third Bank 3 3.00% $8,673
First Option Mortgage, LLC 3 3.46% $11,476
GERSHMAN INVESTMENT CORP. 3 3.58% $7,987
HOMEOWNERS FINANCIAL GROUP USA, LLC 3 3.08% $8,976
HOMESTEAD FUNDING CORP. 3 3.04% $7,241
Hometown Lenders, Inc. 3 3.42% $9,308
JPMorgan Chase Bank 3 3.17% $3,668
MORIA DEVELOPMENT, INC. 3 3.54% $8,847
NATIONS RELIABLE LENDING, LLC 3 3.17% $9,962
OPEN MORTGAGE, LLC 3 3.00% $8,131
RUOFF MORTGAGE COMPANY, INC. 3 3.25% $4,900
THE EQUITABLE MORTGAGE CORPORATION 3 2.88% $8,489
TOWNE MORTGAGE COMPANY 3 2.96% $8,910
FIRST EQUITY MORTGAGE BANKERS, INC. 2 3.38% $10,026
Florida Capital Bank 2 2.69% $6,433
NP, Inc. 2 2.75% $11,157
FIRST COMMUNITY MORTGAGE, INC. 2 2.50% $9,960
ARC HOME LLC 2 2.75% $9,288
SHELTER MORTGAGE COMPANY, L.L.C. 2 3.50% $8,381
CHURCHILL MORTGAGE CORPORATION 2 2.81% $8,214
AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 3.06% $9,447
ACADEMY MORTGAGE CORPORATION 2 3.50% $14,149
KELLER MORTGAGE, LLC 2 2.75% $8,426
CHAMPIONS MORTGAGE LLC 2 3.88% $9,026
SOUTHWEST FUNDING, LP 2 3.44% $13,856
NATIONS DIRECT MORTGAGE, LLC 2 3.19% $17,082
United Community Bank 2 3.06% $8,721
Prosperity Home Mortgage, LLC 2 2.94% $7,325
Commerce Home Mortgage, Inc. 2 2.63% $10,793
NETWORK CAPITAL FUNDING CORPORATION 2 3.75% $9,242
Colten Mortgage, LLC 2 2.88% $4,755
Summit Mortgage Corporation 2 3.25% $8,902
BETTER MORTGAGE CORPORATION 2 2.50% $8,010
LEGEND LENDING CORPORATION 2 3.94% $7,737
LIBERTY HOME MORTGAGE CORPORATION 2 3.12% $10,572
Mortgage Research Center, LLC 2 2.93% $10,838
Austin Capital Bank SSB 2 3.00% $11,565
FAMILY FIRST FUNDING LLC 1 3.25% $7,467
FAIR WAY LENDING LLC 1 3.00% $10,001
EagleBank 1 2.75% $6,914
Platinum Home Mortgage Corporation 1 3.25% $9,509
DRAPER AND KRAMER MORTGAGE CORP. 1 3.25% $6,163
POLARIS HOME FUNDING CORP. 1 4.25% $13,731
PREFERRED LENDING SERVICES, LLC 1 3.63% $9,949
Premium Mortgage Corporation 1 3.00% $8,119
CRESCENT MORTGAGE COMPANY 1 3.00% $9,780
Prime Choice Funding Inc. 1 2.25% $9,530
CONTOUR MORTGAGE CORPORATION 1 2.75% $16,162
COLUMBUS CAPITAL LENDING, LLC 1 3.13% $14,171
RELIANCE FIRST CAPITAL, LLC 1 2.88% $13,444
RESIDENTIAL BANCORP. 1 3.63% $5,554
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.25% $6,172
Wilmington Savings Fund Society, FSB 1 2.50% $6,581
City Bank 1 2.88% $7,617
SOUTHPOINT FINANCIAL SERVICES, INC. 1 2.25% $6,834
SOUTHWEST STAGE FUNDING, LLC 1 2.88% $3,693
Century Mortgage Company DBA Century Lending Company 1 2.88% $10,690
Stifel Bank and Trust 1 2.38% $8,874
STOCKTON MORTGAGE CORPORATION 1 2.75% $13,351
Centennial Bank 1 2.75% $5,574
BancorpSouth Bank 1 3.00% $11,269
Wyndham Capital Mortgage, Inc. 1 3.00% $8,022
Atlantic Home Loans, Inc. 1 3.13% $10,150
The Home Loan Expert LLC 1 2.88% $9,666
The Huntington National Bank 1 2.50% $9,693
THRIVE MORTGAGE, LLC 1 3.75% $10,580
AmRes Corporation 1 2.75% $11,913
Town Square Mortgage & Investments, Inc. 1 3.63% $4,384
Triumph Bank 1 3.00% $7,815
AMERICAN FINANCIAL RESOURCES, INC. 1 4.13% $10,576
Alcova Mortgage LLC 1 3.75% $8,531
United Fidelity Funding Corp. 1 3.13% $6,962
UNITED MORTGAGE CORP. 1 2.75% $14,772
AHL FUNDING 1 3.25% $14,433
US MORTGAGE CORPORATION 1 3.13% $11,061
LENDING 3, INC. 1 3.88% $5,066
Lend Smart Mortgage, LLC 1 3.00% $5,750
LEADERONE FINANCIAL CORPORATION 1 2.88% $7,121
Manufacturers and Traders Trust Company 1 3.25% $7,896
LAKE MICHIGAN CREDIT UNION 1 2.50% $8,319
Keystone Funding, Inc. 1 2.38% $8,991
INTERCOASTAL MORTGAGE COMPANY 1 2.88% $11,278
HALLMARK HOME MORTGAGE, LLC 1 3.75% $19,131
MILEND, INC. 1 2.38% $11,416
Advisors Mortgage Group, L.L.C. 1 2.25% $5,818
MORTGAGE 1 INCORPORATED 1 3.25% $8,609
Gulf Coast Bank and Trust Company 1 2.75% $10,262
Mortgage Unlimited, L.L.C. 1 3.75% $11,090
George Mason Mortgage, LLC 1 2.63% $10,157
First Midwest Bank 1 2.75% $9,522
First Horizon Bank 1 2.38% $7,784
VERITAS FUNDING, LLC 1 2.50% $12,989
NATIONWIDE MORTGAGE BANKERS, INC. 1 2.88% $11,377
FIRST HOME MORTGAGE CORPORATION 1 3.50% $6,502
First Home Bank 1 2.50% $10,147
Northpointe Bank 1 3.13% $6,455
Financial Freedom Mortgage, LLC 1 2.38% $11,084
FIDELITY FUNDING MORTGAGE CORP. 1 3.13% $7,132
ACOPIA, LLC 1 3.75% $9,931
Paramount Bank 1 2.25% $12,870
FAY SERVICING, LLC 1 3.13% $7,545
PARKSIDE LENDING, LLC 1 2.75% $9,850
PARK SQUARE HOME MORTGAGE, LLC 1 2.25% $17,004

The top North Port FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 333 FHA loans originated. Their average total fees are $7,191, which is $1,672 lower than the next largest lender, CALIBER HOME LOANS, INC..

The lowest fee North Port FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL & INVESTMENT LLC ($2,869), Mr. Cooper ( Nationstar Mortgage ) ($4,374), Lakeview Community Capital, LLC ($5,090), LAKEVIEW LOAN SERVICING, LLC ($5,112) and AmeriHome Mortgage Company, LLC ($5,705).

The lowest rate North Port FHA lenders (with over 10 loans originated) are InterContinental Capital Group, Inc (2.64%), HOME SOLUTION LENDERS INC. (2.66%), QUICKEN LOANS, LLC (2.69%), UNITED WHOLESALE MORTGAGE, LLC (2.74%) and VILLAGE CAPITAL & INVESTMENT LLC (2.74%).

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

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 $349,950 (-2.8%) $574,263 (-5.9%) 1.29 7,802
2018-02-01 $350,000 (-2.8%) $578,776 (-4.7%) 1.26 8,314
2018-03-01 $349,900 (-2.5%) $576,089 (-4.6%) 1.21 8,331
2018-04-01 $349,900 (-2.8%) $576,582 (-4.6%) 1.17 8,070
2018-05-01 $352,000 (-2.0%) $582,605 (-3.8%) 1.17 7,701
2018-06-01 $355,000 (-1.1%) $589,068 (-1.9%) 1.18 7,318
2018-07-01 $359,450 (1.3%) $599,258 (0.8%) 1.20 7,043
2018-08-01 $356,500 (1.9%) $597,710 (2.4%) 1.19 6,788
2018-09-01 $349,900 (0.0%) $579,572 (-0.2%) 1.17 6,787
2018-10-01 $350,000 (0.3%) $586,211 (1.5%) 1.17 7,071
2018-11-01 $349,900 (0.1%) $589,005 (2.4%) 1.17 7,776
2018-12-01 $349,900 (0.0%) $590,038 (3.0%) 1.20 8,247
2019-01-01 $349,900 (0.0%) $586,648 (2.2%) 1.21 8,794
2019-02-01 $349,950 (0.0%) $587,042 (1.4%) 1.17 9,223
2019-03-01 $353,800 (1.1%) $590,619 (2.5%) 1.15 9,072
2019-04-01 $359,450 (2.7%) $597,298 (3.6%) 1.13 8,708
2019-05-01 $360,000 (2.3%) $602,840 (3.5%) 1.11 7,988
2019-06-01 $365,000 (2.8%) $607,383 (3.1%) 1.12 7,422
2019-07-01 $365,000 (1.5%) $605,683 (1.1%) 1.13 6,950
2019-08-01 $360,714 (1.2%) $597,937 (0.0%) 1.14 6,542
2019-09-01 $355,000 (1.5%) $585,869 (1.1%) 1.13 6,294
2019-10-01 $366,200 (4.6%) $608,894 (3.9%) 1.17 6,560
2019-11-01 $366,461 (4.7%) $611,918 (3.9%) 1.18 6,849
2019-12-01 $369,450 (5.6%) $619,417 (5.0%) 1.23 6,903
2020-01-01 $369,900 (5.7%) $626,135 (6.7%) 1.23 7,050
2020-02-01 $369,990 (5.7%) $639,551 (8.9%) 1.19 7,256
2020-03-01 $370,192 (4.6%) $632,723 (7.1%) 1.16 7,357
2020-04-01 $353,450 (-1.7%) $607,921 (1.8%) 1.10 7,081
2020-05-01 $356,500 (-1.0%) $613,000 (1.7%) 1.08 6,496
2020-06-01 $363,165 (-0.5%) $636,387 (4.8%) 1.06 5,732
2020-07-01 $368,900 (1.1%) $646,530 (6.7%) 1.06 5,198
2020-08-01 $369,900 (2.6%) $645,098 (7.9%) 1.06 4,799
2020-09-01 $374,400 (5.5%) $662,844 (13.1%) 1.07 4,458
2020-10-01 $375,000 (2.4%) $679,218 (11.6%) 1.07 4,313
2020-11-01 $374,990 (2.3%) $692,915 (13.2%) 1.07 4,030
2020-12-01 $378,995 (2.6%) $706,321 (14.0%) 1.11 3,676
2021-01-01 $380,000 (2.7%) $745,982 (19.1%) 1.12 3,161
2021-02-01 $392,450 (6.1%) $805,677 (26.0%) 1.13 2,213
2021-03-01 $412,500 (11.4%) $822,922 (30.1%) 1.16 1,701
2021-04-01 $417,000 (18.0%) $841,218 (38.4%) 1.12 1,487
2021-05-01 $420,000 (17.8%) $862,538 (40.7%) 1.11 1,370
2021-06-01 $440,045 (21.2%) $897,664 (41.1%) 1.14 1,362
2021-07-01 $450,000 (22.0%) $905,074 (40.0%) 1.17 1,440
2021-08-01 $455,000 (23.0%) $912,421 (41.4%) 1.20 1,531
2021-09-01 $472,450 (26.2%) $914,037 (37.9%) 1.24 1,581
2021-10-01 $492,300 (31.3%) $953,418 (40.4%) 1.30 1,563
2021-11-01 $501,900 (33.8%) $996,664 (43.8%) 1.32 1,465
2021-12-01 $507,000 (33.8%) $1,033,236 (46.3%) 1.35 1,359
2022-01-01 $525,000 (38.2%) $1,156,537 (55.0%) 1.40 1,110
2022-02-01 $547,500 (39.5%) $1,202,317 (49.2%) 1.40 1,077
2022-03-01 $575,000 (39.4%) $1,217,035 (47.9%) 1.42 1,168
2022-04-01 $589,900 (41.5%) $1,198,597 (42.5%) 1.39 1,477
North Port's median listing price for 2022-04-01 was $589,900, a difference of $172,900 (41.5%) versus the prior year and $14,900 versus the prior month.

North Port's median listing price comes in at 139% of the national average.

North Port's average listing price for 2022-04-01 was $1,198,597, a difference of $357,379 (42.5%) versus the prior year and $-18,438 versus the prior month.

For the 2022-04-01 period, North Port had 1,477 MLS listings, a difference of 309 listings (26%) versus the prior month and -10 listings (-1%) 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 78 days 1,841 sqft
2018-02-01 72 days 1,851 sqft
2018-03-01 66 days 1,851 sqft
2018-04-01 75 days 1,849 sqft
2018-05-01 81 days 1,855 sqft
2018-06-01 87 days 1,863 sqft
2018-07-01 91 days 1,871 sqft
2018-08-01 92 days 1,872 sqft
2018-09-01 88 days 1,859 sqft
2018-10-01 84 days 1,860 sqft
2018-11-01 76 days 1,846 sqft
2018-12-01 74 days 1,828 sqft
2019-01-01 80 days 1,822 sqft
2019-02-01 80 days 1,829 sqft
2019-03-01 77 days 1,830 sqft
2019-04-01 80 days 1,830 sqft
2019-05-01 86 days 1,836 sqft
2019-06-01 91 days 1,842 sqft
2019-07-01 93 days 1,847 sqft
2019-08-01 92 days 1,840 sqft
2019-09-01 88 days 1,830 sqft
2019-10-01 82 days 1,844 sqft
2019-11-01 74 days 1,846 sqft
2019-12-01 76 days 1,845 sqft
2020-01-01 79 days 1,846 sqft
2020-02-01 75 days 1,855 sqft
2020-03-01 67 days 1,848 sqft
2020-04-01 76 days 1,820 sqft
2020-05-01 90 days 1,816 sqft
2020-06-01 100 days 1,812 sqft
2020-07-01 97 days 1,824 sqft
2020-08-01 72 days 1,814 sqft
2020-09-01 65 days 1,814 sqft
2020-10-01 61 days 1,804 sqft
2020-11-01 62 days 1,782 sqft
2020-12-01 64 days 1,769 sqft
2021-01-01 67 days 1,773 sqft
2021-02-01 61 days 1,754 sqft
2021-03-01 49 days 1,780 sqft
2021-04-01 42 days 1,762 sqft
2021-05-01 41 days 1,758 sqft
2021-06-01 38 days 1,760 sqft
2021-07-01 38 days 1,747 sqft
2021-08-01 38 days 1,770 sqft
2021-09-01 39 days 1,764 sqft
2021-10-01 41 days 1,779 sqft
2021-11-01 41 days 1,811 sqft
2021-12-01 44 days 1,768 sqft
2022-01-01 48 days 1,797 sqft
2022-02-01 34 days 1,791 sqft
2022-03-01 33 days 1,810 sqft
2022-04-01 28 days 1,825 sqft
North Port's median listing age (time on market) for 2022-04-01 was 28 days. This is -33% shorter than the same period one year ago.

North Port's median square footage for active listings during the 2022-04-01 period was 1,825 sqft. One year prior, the average listing was 1,762 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).