Bridgeport USDA Loan Rates, Closing Costs & Stats

BRIDGEPORT-STAMFORD-NORWALK, CT

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Bridgeport's 2 lenders originated 2 USDA loans during 2022. The total origination value was $410,000, with an average USDA loan value of $205,000.

    Bridgeport USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Bridgeport averaged 6.6% for the week of 2023-09-22, compared to the national average (all USDA variants) of 7.021% for the same period.

    Bridgeport's average USDA mortgage closing costs are $8,783.

    The average rate for the prior week (2023-09-15) was 6.27% and one month ago for the week of 2023-08-18, the average rate was 6.16%.

    The average rate one year ago was 5.29%.

    For refis of the same type during the week of 2023-09-22, the average rate was 4.94%.

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

    Bridgeport USDA Loan Lenders by Rates & Fees

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

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Citizens Bank 1 5.25% $6,658
    NORWICH COMMERCIAL GROUP, INC. 1 5.25% $9,207

    The top Bridgeport USDA lender as defined by loan originations is Citizens Bank, with 1 USDA loans originated. Their average total fees are $6,658, which is $2,549 lower than the next largest lender, NORWICH COMMERCIAL GROUP, INC..

    The lowest fee Bridgeport USDA lenders (with over 10 loans originated) are .

    The lowest rate Bridgeport USDA lenders (with over 10 loans originated) are .

    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 $699,500 (5.4%) $1,349,864 (-5.6%) 2.59 4,142
    2018-02-01 $749,450 (5.3%) $1,388,677 (-4.9%) 2.72 4,424
    2018-03-01 $779,000 (5.0%) $1,385,274 (-6.1%) 2.73 4,889
    2018-04-01 $784,000 (4.7%) $1,376,353 (-6.1%) 2.66 5,456
    2018-05-01 $792,125 (5.8%) $1,374,050 (-5.0%) 2.65 5,915
    2018-06-01 $769,498 (2.7%) $1,345,218 (-6.7%) 2.57 6,266
    2018-07-01 $748,900 (1.9%) $1,349,480 (-4.5%) 2.50 6,176
    2018-08-01 $724,725 (3.5%) $1,327,277 (-3.6%) 2.43 5,984
    2018-09-01 $725,000 (1.4%) $1,333,746 (-3.2%) 2.44 6,021
    2018-10-01 $725,000 (0.9%) $1,338,251 (0.5%) 2.46 5,930
    2018-11-01 $712,000 (1.8%) $1,350,522 (1.5%) 2.41 5,581
    2018-12-01 $699,900 (0.1%) $1,380,555 (3.2%) 2.41 4,877
    2019-01-01 $699,000 (-0.1%) $1,380,842 (2.3%) 2.41 4,403
    2019-02-01 $729,450 (-2.7%) $1,387,117 (-0.1%) 2.46 4,655
    2019-03-01 $746,714 (-4.1%) $1,389,291 (0.3%) 2.44 5,026
    2019-04-01 $749,500 (-4.4%) $1,396,253 (1.5%) 2.38 5,401
    2019-05-01 $749,450 (-5.4%) $1,379,164 (0.4%) 2.34 5,942
    2019-06-01 $725,000 (-5.8%) $1,369,988 (1.8%) 2.27 6,214
    2019-07-01 $704,675 (-5.9%) $1,339,235 (-0.8%) 2.21 6,120
    2019-08-01 $695,182 (-4.1%) $1,328,603 (0.1%) 2.20 5,986
    2019-09-01 $689,455 (-4.9%) $1,321,309 (-0.9%) 2.21 5,865
    2019-10-01 $690,136 (-4.8%) $1,320,858 (-1.3%) 2.23 5,726
    2019-11-01 $689,000 (-3.2%) $1,316,809 (-2.5%) 2.26 5,173
    2019-12-01 $687,000 (-1.8%) $1,333,069 (-3.4%) 2.29 4,312
    2020-01-01 $684,000 (-2.2%) $1,337,444 (-3.1%) 2.29 3,817
    2020-02-01 $709,000 (-2.8%) $1,346,484 (-2.9%) 2.32 4,012
    2020-03-01 $724,950 (-2.9%) $1,352,156 (-2.7%) 2.27 4,301
    2020-04-01 $718,000 (-4.2%) $1,372,468 (-1.7%) 2.25 4,048
    2020-05-01 $748,000 (-0.2%) $1,441,678 (4.5%) 2.27 3,982
    2020-06-01 $799,450 (10.3%) $1,547,500 (13.0%) 2.36 3,983
    2020-07-01 $808,500 (14.7%) $1,604,979 (19.8%) 2.34 3,867
    2020-08-01 $799,000 (14.9%) $1,640,388 (23.5%) 2.29 3,624
    2020-09-01 $799,000 (15.9%) $1,656,796 (25.4%) 2.29 3,423
    2020-10-01 $799,000 (15.8%) $1,669,110 (26.4%) 2.29 3,335
    2020-11-01 $775,000 (12.5%) $1,676,719 (27.3%) 2.27 2,931
    2020-12-01 $799,000 (16.3%) $1,719,303 (29.0%) 2.38 2,537
    2021-01-01 $819,000 (19.7%) $1,801,028 (34.7%) 2.44 2,094
    2021-02-01 $880,000 (24.1%) $1,905,641 (41.5%) 2.56 1,862
    2021-03-01 $868,250 (19.8%) $1,884,860 (39.4%) 2.46 1,886
    2021-04-01 $839,900 (17.0%) $1,898,405 (38.3%) 2.27 2,034
    2021-05-01 $875,000 (17.0%) $1,897,261 (31.6%) 2.33 2,256
    2021-06-01 $835,250 (4.5%) $1,802,412 (16.5%) 2.20 2,477
    2021-07-01 $750,000 (-7.2%) $1,661,461 (3.5%) 1.98 2,674
    2021-08-01 $699,450 (-12.5%) $1,599,162 (-2.5%) 1.87 2,605
    2021-09-01 $699,900 (-12.4%) $1,602,451 (-3.3%) 1.87 2,460
    2021-10-01 $699,000 (-12.5%) $1,637,888 (-1.9%) 1.86 2,300
    2021-11-01 $754,000 (-2.7%) $1,746,425 (4.2%) 2.02 1,912
    2021-12-01 $747,450 (-6.5%) $1,810,480 (5.3%) 2.03 1,544
    2022-01-01 $789,450 (-3.6%) $1,977,672 (9.8%) 2.13 1,248
    2022-02-01 $882,000 (0.2%) $2,275,432 (19.4%) 2.29 1,164
    2022-03-01 $899,000 (3.5%) $2,254,087 (19.6%) 2.25 1,181
    2022-04-01 $864,500 (2.9%) $2,165,980 (14.1%) 2.06 1,294
    2022-05-01 $844,500 (-3.5%) $1,955,429 (3.1%) 1.93 1,691
    2022-06-01 $840,750 (0.7%) $1,850,165 (2.7%) 1.87 1,918
    2022-07-01 $825,000 (10.0%) $1,791,913 (7.9%) 1.86 2,091
    2022-08-01 $808,363 (15.6%) $1,818,265 (13.7%) 1.87 1,975
    2022-09-01 $782,000 (11.7%) $1,825,632 (13.9%) 1.83 1,961
    2022-10-01 $799,000 (14.3%) $1,880,252 (14.8%) 1.88 1,920
    2022-11-01 $806,700 (7.0%) $1,908,588 (9.3%) 1.94 1,723
    2022-12-01 $799,700 (7.0%) $1,954,578 (8.0%) 1.97 1,407
    2023-01-01 $810,000 (2.6%) $1,956,560 (-1.1%) 2.01 1,237
    2023-02-01 $963,450 (9.2%) $2,267,314 (-0.4%) 2.33 1,181
    2023-03-01 $1,098,975 (22.2%) $2,353,506 (4.4%) 2.59 1,188
    2023-04-01 $1,159,000 (34.1%) $2,369,541 (9.4%) 2.70 1,210
    2023-05-01 $1,197,500 (41.8%) $2,404,423 (23.0%) 2.71 1,316
    2023-06-01 $1,171,250 (39.3%) $2,345,282 (26.8%) 2.63 1,356
    2023-07-01 $1,099,500 (33.3%) $2,305,695 (28.7%) 2.50 1,329
    2023-08-01 $949,950 (17.5%) $2,021,392 (11.2%) 2.18 1,268
    Bridgeport's median listing price for 2023-08-01 was $949,950, a difference of $141,587 (17.5%) versus the prior year and $-149,550 versus the prior month.

    Bridgeport's median listing price comes in at 218% of the national average.

    Bridgeport's average listing price for 2023-08-01 was $2,021,392, a difference of $203,127 (11.2%) versus the prior year and $-284,303 versus the prior month.

    For the 2023-08-01 period, Bridgeport had 1,268 MLS listings, a difference of -61 listings (-5%) versus the prior month and -707 listings (-36%) 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 2,631 sqft
    2018-02-01 96 days 2,717 sqft
    2018-03-01 58 days 2,793 sqft
    2018-04-01 57 days 2,796 sqft
    2018-05-01 56 days 2,791 sqft
    2018-06-01 60 days 2,736 sqft
    2018-07-01 72 days 2,717 sqft
    2018-08-01 84 days 2,680 sqft
    2018-09-01 92 days 2,670 sqft
    2018-10-01 90 days 2,699 sqft
    2018-11-01 88 days 2,667 sqft
    2018-12-01 99 days 2,666 sqft
    2019-01-01 108 days 2,650 sqft
    2019-02-01 98 days 2,717 sqft
    2019-03-01 74 days 2,746 sqft
    2019-04-01 55 days 2,794 sqft
    2019-05-01 55 days 2,894 sqft
    2019-06-01 63 days 2,996 sqft
    2019-07-01 73 days 2,938 sqft
    2019-08-01 81 days 2,913 sqft
    2019-09-01 86 days 2,903 sqft
    2019-10-01 88 days 2,899 sqft
    2019-11-01 87 days 2,887 sqft
    2019-12-01 99 days 2,838 sqft
    2020-01-01 108 days 2,811 sqft
    2020-02-01 95 days 2,850 sqft
    2020-03-01 57 days 2,919 sqft
    2020-04-01 69 days 2,886 sqft
    2020-05-01 75 days 2,951 sqft
    2020-06-01 50 days 3,060 sqft
    2020-07-01 43 days 3,023 sqft
    2020-08-01 49 days 2,941 sqft
    2020-09-01 52 days 2,890 sqft
    2020-10-01 50 days 2,830 sqft
    2020-11-01 57 days 2,722 sqft
    2020-12-01 69 days 2,637 sqft
    2021-01-01 81 days 2,621 sqft
    2021-02-01 71 days 2,719 sqft
    2021-03-01 43 days 2,658 sqft
    2021-04-01 32 days 2,665 sqft
    2021-05-01 32 days 2,720 sqft
    2021-06-01 34 days 2,604 sqft
    2021-07-01 39 days 2,441 sqft
    2021-08-01 48 days 2,188 sqft
    2021-09-01 54 days 2,174 sqft
    2021-10-01 53 days 2,165 sqft
    2021-11-01 57 days 2,131 sqft
    2021-12-01 67 days 2,083 sqft
    2022-01-01 75 days 2,126 sqft
    2022-02-01 44 days 2,322 sqft
    2022-03-01 30 days 2,304 sqft
    2022-04-01 22 days 2,276 sqft
    2022-05-01 20 days 2,259 sqft
    2022-06-01 27 days 2,319 sqft
    2022-07-01 32 days 2,283 sqft
    2022-08-01 44 days 2,432 sqft
    2022-09-01 52 days 2,401 sqft
    2022-10-01 52 days 2,437 sqft
    2022-11-01 55 days 2,455 sqft
    2022-12-01 71 days 2,441 sqft
    2023-01-01 74 days 2,391 sqft
    2023-02-01 57 days 2,528 sqft
    2023-03-01 39 days 2,644 sqft
    2023-04-01 36 days 2,688 sqft
    2023-05-01 26 days 2,860 sqft
    2023-06-01 32 days 2,964 sqft
    2023-07-01 38 days 2,938 sqft
    2023-08-01 50 days 2,736 sqft
    Bridgeport's median listing age (time on market) for 2023-08-01 was 50 days. This is 13% longer than the same period one year ago.

    Bridgeport's median square footage for active listings during the 2023-08-01 period was 2,736 sqft. One year prior, the average listing was 2,432 sqft.