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 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 6.62% for the week of 2022-12-02, compared to the national average (all FHA variants) of 6.466% for the same period.

North Port's average FHA mortgage closing costs are $8,127.

The average rate for the prior week (2022-11-25) was 6.44% and one month ago for the week of 2022-10-28, the average rate was 6.78%.

The average rate one year ago was 3.41%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.17%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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
Paramount Residential Mortgage Group, Inc. 41 3.34% $10,893
NEWREZ LLC 41 2.92% $7,112
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
NFM, INC. 30 3.20% $9,853
INLANTA MORTGAGE, INC. 30 3.04% $8,694
THE MORTGAGE FIRM, INC. 30 3.18% $9,254
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 30 3.27% $9,857
AMERICAN FINANCIAL NETWORK, INC. 25 3.01% $15,752
VILLAGE CAPITAL MORTGAGE 25 2.74% $2,869
AmeriHome Mortgage Company, LLC 25 2.83% $5,705
NEAL COMMUNITIES FUNDING, LLC 24 2.81% $10,445
KBHS HOME LOANS, LLC 22 3.28% $12,883
VAN DYK MORTGAGE CORPORATION 22 3.20% $7,515
FINANCE OF AMERICA MORTGAGE LLC 21 2.98% $9,244
South State Bank 20 2.87% $9,174
MOVEMENT MORTGAGE, LLC 19 3.36% $10,355
Nations Lending Corporation 19 3.07% $8,183
Equity Prime Mortgage LLC 17 3.24% $9,997
GUARANTEED RATE, INC. 17 3.04% $9,197
EAGLE HOME MORTGAGE, LLC 16 3.30% $9,388
GUARANTEED RATE AFFINITY, LLC 15 2.89% $8,731
LAND HOME FINANCIAL SERVICES, INC. 15 3.43% $11,669
BROKER SOLUTIONS, INC. 15 3.05% $8,616
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
AMERISAVE MORTGAGE CORPORATION 11 3.06% $7,062
HOME SOLUTION LENDERS INC. 11 2.66% $9,602
M/I FINANCIAL, LLC 10 2.93% $9,888
InterContinental Capital Group, Inc 10 2.64% $7,439
The Federal Savings Bank 10 2.91% $8,587
T2 FINANCIAL LLC 9 3.17% $8,806
ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 2.50% $7,209
ABSOLUTE HOME MORTGAGE CORPORATION 9 2.90% $9,597
PLAZA HOME MORTGAGE, INC. 9 3.19% $10,146
EMBRACE HOME LOANS, INC. 9 2.97% $9,062
MICHIGAN MUTUAL, INC. 8 3.11% $11,588
TJC Mortgage, Inc. 8 3.14% $9,962
AMERICAN FINANCING CORPORATION 8 2.94% $9,784
EMM LOANS LLC 8 3.09% $13,587
AMERICAN PACIFIC MORTGAGE CORPORATION 8 2.98% $9,025
DAS Acquisition Company, LLC 8 3.14% $9,061
First Guaranty Mortgage Corporation 8 3.03% $8,515
OCEANSIDE MORTGAGE COMPANY 8 2.73% $4,066
FIRST CENTENNIAL MORTGAGE CORPORATION 8 2.48% $8,391
Hometown Equity Mortgage, LLC 7 4.00% $11,604
MATTAMY HOME FUNDING, LLC 7 2.43% $10,730
First Federal Bank 7 2.88% $8,333
SUN WEST MORTGAGE COMPANY, INC. 7 2.89% $8,159
SECURITYNATIONAL MORTGAGE COMPANY 6 3.13% $8,356
AMERIFIRST FINANCIAL CORPORATION 6 3.81% $12,051
Bank of America 6 2.77% $6,873
ENVOY MORTGAGE, LTD 6 3.02% $9,039
Plains Commerce Bank 6 2.85% $10,031
CELEBRITY HOME LOANS, LLC 6 2.96% $9,481
Regions Bank 6 2.83% $7,093
TOP FLITE FINANCIAL, INC. 5 3.53% $13,870
MID AMERICA MORTGAGE, INC. 5 3.33% $6,945
HOMESIDE FINANCIAL, LLC 5 3.15% $9,233
Christensen Financial, Inc. 5 3.15% $8,453
PLANET HOME LENDING, LLC 5 2.73% $6,923
MUTUAL OF OMAHA MORTGAGE, INC. 5 2.65% $9,946
NTFN, INC. 5 3.00% $10,343
EQUITY RESOURCES, INC. 5 3.08% $6,910
Synovus Bank 5 3.40% $9,123
Ixonia Bank 5 3.30% $10,967
BECKAM FUNDING CORP. 4 3.41% $14,732
Ameris Bank 4 2.69% $6,706
Citizens Bank 4 2.94% $8,694
COUNTRYPLACE MORTGAGE, LTD. 4 4.13% $13,381
DEVELOPER'S MORTGAGE COMPANY 4 2.88% $10,601
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 3.25% $11,375
HAMILTON HOME LOANS, INC. 4 3.19% $9,698
HOMESPIRE MORTGAGE CORPORATION 4 3.31% $9,609
INTELLILOAN, INC. 4 3.25% $7,628
LOANPAL, LLC 4 2.84% $10,459
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 3.41% $10,496
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.41% $9,478
SOVEREIGN LENDING GROUP INCORPORATED 4 2.84% $8,385
Truist 4 3.09% $8,755
UNION HOME MORTGAGE CORP. 4 2.91% $9,259
JPMorgan Chase Bank 3 3.17% $3,668
Fifth Third Bank 3 3.00% $8,673
NATIONS RELIABLE LENDING, LLC 3 3.17% $9,962
TOWNE MORTGAGE COMPANY 3 2.96% $8,910
First Option Mortgage, LLC 3 3.46% $11,476
Barrington Bank & Trust Company, N.A. 3 3.00% $9,240
THE EQUITABLE MORTGAGE CORPORATION 3 2.88% $8,489
ZILLOW HOME LOANS, LLC 3 2.75% $8,467
OPEN MORTGAGE, LLC 3 3.00% $8,131
MORIA DEVELOPMENT, INC. 3 3.54% $8,847
RUOFF MORTGAGE COMPANY, INC. 3 3.25% $4,900
HOMEOWNERS FINANCIAL GROUP USA, LLC 3 3.08% $8,976
EVERETT FINANCIAL, INC. 3 3.54% $7,264
Blue Ridge Bank 3 3.21% $10,715
HOMESTEAD FUNDING CORP. 3 3.04% $7,241
ALLIED MORTGAGE GROUP, INC. 3 2.75% $9,075
Hometown Lenders, Inc. 3 3.42% $9,308
GERSHMAN INVESTMENT CORP. 3 3.58% $7,987
BAY EQUITY LLC 3 2.67% $8,054
NETWORK CAPITAL FUNDING CORPORATION 2 3.75% $9,242
United Community Bank 2 3.06% $8,721
ACADEMY MORTGAGE CORPORATION 2 3.50% $14,149
Prosperity Home Mortgage, LLC 2 2.94% $7,325
BETTER MORTGAGE CORPORATION 2 2.50% $8,010
CHAMPIONS MORTGAGE LLC 2 3.88% $9,026
LIBERTY HOME MORTGAGE CORPORATION 2 3.12% $10,572
NP, Inc. 2 2.75% $11,157
SHELTER MORTGAGE COMPANY, L.L.C. 2 3.50% $8,381
Commerce Home Mortgage, Inc. 2 2.63% $10,793
Mortgage Research Center, LLC 2 2.93% $10,838
Austin Capital Bank SSB 2 3.00% $11,565
SOUTHWEST FUNDING, LP 2 3.44% $13,856
Colten Mortgage, LLC 2 2.88% $4,755
FIRST EQUITY MORTGAGE BANKERS, INC. 2 3.38% $10,026
FIRST COMMUNITY MORTGAGE, INC. 2 2.50% $9,960
Summit Mortgage Corporation 2 3.25% $8,902
ARC HOME LLC 2 2.75% $9,288
LEGEND LENDING CORPORATION 2 3.94% $7,737
AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 3.06% $9,447
CHURCHILL MORTGAGE CORPORATION 2 2.81% $8,214
Florida Capital Bank 2 2.69% $6,433
NATIONS DIRECT MORTGAGE, LLC 2 3.19% $17,082
KELLER MORTGAGE, LLC 2 2.75% $8,426
BancorpSouth Bank 1 3.00% $11,269
SOUTHPOINT FINANCIAL SERVICES, INC. 1 2.25% $6,834
SOUTHWEST STAGE FUNDING, LLC 1 2.88% $3,693
Wilmington Savings Fund Society, FSB 1 2.50% $6,581
Stifel Bank and Trust 1 2.38% $8,874
STOCKTON MORTGAGE CORPORATION 1 2.75% $13,351
Atlantic Home Loans, Inc. 1 3.13% $10,150
AmRes Corporation 1 2.75% $11,913
AMERICAN FINANCIAL RESOURCES, INC. 1 4.13% $10,576
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
Alcova Mortgage LLC 1 3.75% $8,531
AHL FUNDING 1 3.25% $14,433
Town Square Mortgage & Investments, Inc. 1 3.63% $4,384
Triumph Bank 1 3.00% $7,815
Wyndham Capital Mortgage, Inc. 1 3.00% $8,022
United Fidelity Funding Corp. 1 3.13% $6,962
UNITED MORTGAGE CORP. 1 2.75% $14,772
HALLMARK HOME MORTGAGE, LLC 1 3.75% $19,131
Advisors Mortgage Group, L.L.C. 1 2.25% $5,818
Gulf Coast Bank and Trust Company 1 2.75% $10,262
INTERCOASTAL MORTGAGE COMPANY 1 2.88% $11,278
US MORTGAGE CORPORATION 1 3.13% $11,061
George Mason Mortgage, LLC 1 2.63% $10,157
Keystone Funding, Inc. 1 2.38% $8,991
LAKE MICHIGAN CREDIT UNION 1 2.50% $8,319
First Midwest Bank 1 2.75% $9,522
First Horizon Bank 1 2.38% $7,784
FIRST HOME MORTGAGE CORPORATION 1 3.50% $6,502
LEADERONE FINANCIAL CORPORATION 1 2.88% $7,121
LENDING 3, INC. 1 3.88% $5,066
Lend Smart Mortgage, LLC 1 3.00% $5,750
First Home Bank 1 2.50% $10,147
ACOPIA, LLC 1 3.75% $9,931
Financial Freedom Mortgage, LLC 1 2.38% $11,084
FIDELITY FUNDING MORTGAGE CORP. 1 3.13% $7,132
MILEND, INC. 1 2.38% $11,416
MORTGAGE 1 INCORPORATED 1 3.25% $8,609
FAY SERVICING, LLC 1 3.13% $7,545
Mortgage Unlimited, L.L.C. 1 3.75% $11,090
FAMILY FIRST FUNDING LLC 1 3.25% $7,467
FAIR WAY LENDING LLC 1 3.00% $10,001
M&T Bank 1 3.25% $7,896
EagleBank 1 2.75% $6,914
NATIONWIDE MORTGAGE BANKERS, INC. 1 2.88% $11,377
DRAPER AND KRAMER MORTGAGE CORP. 1 3.25% $6,163
CRESCENT MORTGAGE COMPANY 1 3.00% $9,780
CONTOUR MORTGAGE CORPORATION 1 2.75% $16,162
Northpointe Bank 1 3.13% $6,455
COLUMBUS CAPITAL LENDING, LLC 1 3.13% $14,171
Paramount Bank 1 2.25% $12,870
City Bank 1 2.88% $7,617
PARKSIDE LENDING, LLC 1 2.75% $9,850
PARK SQUARE HOME MORTGAGE, LLC 1 2.25% $17,004
Century Mortgage Company DBA Century Lending Company 1 2.88% $10,690
Platinum Home Mortgage Corporation 1 3.25% $9,509
Centennial Bank 1 2.75% $5,574
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
VERITAS FUNDING, LLC 1 2.50% $12,989
Prime Choice Funding Inc. 1 2.25% $9,530
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

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 MORTGAGE ($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 MORTGAGE (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 $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 $350,950 (-2.5%) $584,585 (-4.5%) 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%) $600,007 (-1.1%) 1.20 7,338
2018-07-01 $364,625 (1.3%) $609,870 (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%) $590,581 (0.5%) 1.17 6,811
2018-10-01 $354,792 (1.4%) $595,651 (2.0%) 1.20 7,077
2018-11-01 $350,000 (0.0%) $599,091 (3.0%) 1.19 7,767
2018-12-01 $349,900 (0.0%) $598,304 (3.0%) 1.21 8,209
2019-01-01 $350,000 (-0.7%) $595,425 (2.5%) 1.21 8,774
2019-02-01 $352,250 (-0.8%) $596,325 (1.9%) 1.19 9,204
2019-03-01 $354,285 (1.0%) $599,914 (2.6%) 1.16 9,051
2019-04-01 $360,995 (3.1%) $605,449 (3.6%) 1.15 8,702
2019-05-01 $364,614 (2.1%) $610,497 (3.0%) 1.14 7,987
2019-06-01 $369,000 (2.5%) $616,755 (2.8%) 1.15 7,432
2019-07-01 $369,000 (1.2%) $617,347 (1.2%) 1.16 6,951
2019-08-01 $367,181 (2.1%) $615,780 (0.9%) 1.16 6,710
2019-09-01 $364,452 (4.1%) $610,839 (3.4%) 1.17 6,614
2019-10-01 $363,918 (2.6%) $610,521 (2.5%) 1.17 6,583
2019-11-01 $369,000 (5.4%) $620,979 (3.7%) 1.21 6,861
2019-12-01 $370,900 (6.0%) $631,393 (5.5%) 1.24 6,897
2020-01-01 $369,995 (5.7%) $635,854 (6.8%) 1.24 7,070
2020-02-01 $371,178 (5.4%) $648,104 (8.7%) 1.21 7,271
2020-03-01 $371,250 (4.8%) $642,029 (7.0%) 1.16 7,367
2020-04-01 $357,200 (-1.1%) $616,688 (1.9%) 1.12 7,082
2020-05-01 $359,300 (-1.5%) $623,516 (2.1%) 1.09 6,503
2020-06-01 $365,000 (-1.1%) $651,222 (5.6%) 1.07 5,766
2020-07-01 $369,824 (0.2%) $660,608 (7.0%) 1.07 5,237
2020-08-01 $372,000 (1.3%) $658,964 (7.0%) 1.07 4,850
2020-09-01 $374,950 (2.9%) $672,483 (10.1%) 1.07 4,483
2020-10-01 $375,000 (3.1%) $687,659 (12.6%) 1.07 4,359
2020-11-01 $375,000 (1.6%) $700,241 (12.8%) 1.10 4,046
2020-12-01 $379,000 (2.2%) $710,634 (12.6%) 1.13 3,685
2021-01-01 $382,199 (3.3%) $751,632 (18.2%) 1.14 3,107
2021-02-01 $393,714 (6.1%) $818,480 (26.3%) 1.14 2,240
2021-03-01 $415,000 (11.8%) $829,994 (29.3%) 1.18 1,729
2021-04-01 $421,950 (18.1%) $853,408 (38.4%) 1.14 1,522
2021-05-01 $425,000 (18.3%) $880,375 (41.2%) 1.12 1,418
2021-06-01 $444,550 (21.8%) $915,768 (40.6%) 1.17 1,398
2021-07-01 $455,000 (23.0%) $929,429 (40.7%) 1.20 1,498
2021-08-01 $464,250 (24.8%) $943,338 (43.2%) 1.24 1,559
2021-09-01 $476,089 (27.0%) $944,255 (40.4%) 1.27 1,613
2021-10-01 $495,000 (32.0%) $987,395 (43.6%) 1.32 1,579
2021-11-01 $507,500 (35.3%) $1,030,900 (47.2%) 1.36 1,484
2021-12-01 $512,400 (35.2%) $1,084,100 (52.6%) 1.39 1,395
2022-01-01 $534,369 (39.8%) $1,193,464 (58.8%) 1.44 1,146
2022-02-01 $553,750 (40.7%) $1,252,199 (53.0%) 1.44 1,112
2022-03-01 $575,000 (38.6%) $1,264,929 (52.4%) 1.44 1,227
2022-04-01 $595,000 (41.0%) $1,253,309 (46.9%) 1.42 1,525
2022-05-01 $599,000 (40.9%) $1,184,434 (34.5%) 1.37 2,018
2022-06-01 $599,000 (34.7%) $1,152,621 (25.9%) 1.33 2,648
2022-07-01 $584,900 (28.6%) $1,064,874 (14.6%) 1.32 3,352
2022-08-01 $556,039 (19.8%) $1,005,713 (6.6%) 1.28 3,604
2022-09-01 $548,354 (15.2%) $964,832 (2.2%) 1.28 3,581
2022-10-01 $539,900 (9.1%) $960,308 (-2.7%) 1.27 3,469
2022-11-01 $527,000 (3.8%) $965,135 (-6.4%) 1.27 3,825
North Port's median listing price for 2022-11-01 was $527,000, a difference of $19,500 (3.8%) versus the prior year and $-12,900 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 2022-11-01 was $965,135, a difference of $-65,765 (-6.4%) versus the prior year and $4,827 versus the prior month.

For the 2022-11-01 period, North Port had 3,825 MLS listings, a difference of 356 listings (10%) versus the prior month and 2,341 listings (158%) 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 79 days 1,847 sqft
2018-02-01 73 days 1,858 sqft
2018-03-01 66 days 1,858 sqft
2018-04-01 74 days 1,857 sqft
2018-05-01 80 days 1,863 sqft
2018-06-01 86 days 1,873 sqft
2018-07-01 89 days 1,883 sqft
2018-08-01 91 days 1,885 sqft
2018-09-01 88 days 1,865 sqft
2018-10-01 84 days 1,867 sqft
2018-11-01 76 days 1,852 sqft
2018-12-01 75 days 1,834 sqft
2019-01-01 80 days 1,828 sqft
2019-02-01 80 days 1,835 sqft
2019-03-01 80 days 1,837 sqft
2019-04-01 81 days 1,837 sqft
2019-05-01 88 days 1,841 sqft
2019-06-01 93 days 1,849 sqft
2019-07-01 93 days 1,856 sqft
2019-08-01 91 days 1,854 sqft
2019-09-01 89 days 1,848 sqft
2019-10-01 86 days 1,846 sqft
2019-11-01 75 days 1,856 sqft
2019-12-01 76 days 1,857 sqft
2020-01-01 79 days 1,853 sqft
2020-02-01 75 days 1,861 sqft
2020-03-01 68 days 1,853 sqft
2020-04-01 77 days 1,826 sqft
2020-05-01 90 days 1,818 sqft
2020-06-01 100 days 1,817 sqft
2020-07-01 96 days 1,828 sqft
2020-08-01 72 days 1,816 sqft
2020-09-01 65 days 1,818 sqft
2020-10-01 60 days 1,811 sqft
2020-11-01 61 days 1,784 sqft
2020-12-01 64 days 1,769 sqft
2021-01-01 66 days 1,774 sqft
2021-02-01 58 days 1,754 sqft
2021-03-01 46 days 1,772 sqft
2021-04-01 39 days 1,765 sqft
2021-05-01 39 days 1,752 sqft
2021-06-01 36 days 1,757 sqft
2021-07-01 36 days 1,758 sqft
2021-08-01 37 days 1,785 sqft
2021-09-01 38 days 1,769 sqft
2021-10-01 39 days 1,791 sqft
2021-11-01 41 days 1,811 sqft
2021-12-01 62 days 1,786 sqft
2022-01-01 44 days 1,795 sqft
2022-02-01 32 days 1,794 sqft
2022-03-01 30 days 1,814 sqft
2022-04-01 26 days 1,831 sqft
2022-05-01 28 days 1,836 sqft
2022-06-01 31 days 1,848 sqft
2022-07-01 35 days 1,838 sqft
2022-08-01 44 days 1,832 sqft
2022-09-01 51 days 1,825 sqft
2022-10-01 59 days 1,830 sqft
2022-11-01 59 days 1,809 sqft
North Port's median listing age (time on market) for 2022-11-01 was 59 days. This is 44% longer than the same period one year ago.

North Port's median square footage for active listings during the 2022-11-01 period was 1,809 sqft. One year prior, the average listing was 1,811 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).