Bridgeport USDA Loans

BRIDGEPORT-STAMFORD-NORWALK, CT

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 4 lenders originated 5 USDA loans during 2021. The total origination value was $2,765,000, with an average USDA loan value of $553,000.

Bridgeport USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Bridgeport averaged 5.15% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.08% and one month ago for the week of 2022-04-08, the average rate was 5.04%.

The average rate one year ago was 2.85%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.15%.

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

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Citizens Bank 1 2.50% $9,717
CROSSCOUNTRY MORTGAGE, LLC 1 2.75% $8,569
HARBORONE MORTGAGE, LLC 1 2.50% $7,707
HOME POINT FINANCIAL CORPORATION 1 2.88% $7,061

The top Bridgeport USDA lender as defined by loan originations is Citizens Bank, with 1 USDA loans originated. Their average total fees are $9,717, which is $1,148 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

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 $734,000 (-1.3%) $1,413,882 (-8.9%) 2.70 5,657
2018-02-01 $775,000 (-2.5%) $1,439,440 (-8.9%) 2.80 6,197
2018-03-01 $795,000 (-4.7%) $1,424,498 (-11.1%) 2.75 7,034
2018-04-01 $787,000 (-5.8%) $1,394,617 (-12.3%) 2.64 7,910
2018-05-01 $791,500 (-4.9%) $1,381,268 (-11.6%) 2.64 8,659
2018-06-01 $782,500 (-5.2%) $1,363,113 (-12.0%) 2.61 9,009
2018-07-01 $762,500 (-4.6%) $1,384,964 (-9.3%) 2.54 8,817
2018-08-01 $733,000 (1.2%) $1,346,321 (-4.8%) 2.45 8,492
2018-09-01 $748,000 (0.1%) $1,355,960 (-5.3%) 2.50 8,497
2018-10-01 $749,000 (0.0%) $1,373,907 (-2.1%) 2.51 8,463
2018-11-01 $746,200 (1.0%) $1,399,205 (-0.7%) 2.50 7,927
2018-12-01 $735,000 (0.8%) $1,423,017 (1.6%) 2.52 6,860
2019-01-01 $727,000 (-1.0%) $1,405,192 (-0.6%) 2.51 6,202
2019-02-01 $739,000 (-4.7%) $1,390,363 (-3.4%) 2.48 6,731
2019-03-01 $747,100 (-6.0%) $1,384,915 (-2.8%) 2.43 7,311
2019-04-01 $754,450 (-4.1%) $1,387,142 (-0.5%) 2.38 7,881
2019-05-01 $749,950 (-5.3%) $1,379,041 (-0.2%) 2.31 8,666
2019-06-01 $739,000 (-5.6%) $1,361,950 (-0.1%) 2.27 8,926
2019-07-01 $722,500 (-5.3%) $1,342,140 (-3.1%) 2.25 8,651
2019-08-01 $710,429 (-3.1%) $1,332,756 (-1.0%) 2.24 8,239
2019-09-01 $699,000 (-6.6%) $1,333,188 (-1.7%) 2.22 7,978
2019-10-01 $699,000 (-6.7%) $1,343,036 (-2.3%) 2.23 7,863
2019-11-01 $699,000 (-6.3%) $1,327,419 (-5.1%) 2.26 7,194
2019-12-01 $699,000 (-4.9%) $1,345,851 (-5.4%) 2.33 5,943
2020-01-01 $699,250 (-3.8%) $1,363,952 (-2.9%) 2.33 5,240
2020-02-01 $700,000 (-5.3%) $1,338,569 (-3.7%) 2.26 5,753
2020-03-01 $704,450 (-5.7%) $1,323,271 (-4.5%) 2.20 6,346
2020-04-01 $721,500 (-4.4%) $1,365,719 (-1.5%) 2.25 5,813
2020-05-01 $749,000 (-0.1%) $1,419,776 (3.0%) 2.27 5,790
2020-06-01 $739,000 (0.0%) $1,409,557 (3.5%) 2.16 6,540
2020-07-01 $724,950 (0.3%) $1,404,554 (4.7%) 2.08 6,608
2020-08-01 $699,000 (-1.6%) $1,406,741 (5.6%) 2.00 6,277
2020-09-01 $699,500 (0.1%) $1,428,762 (7.2%) 2.00 5,933
2020-10-01 $699,900 (0.1%) $1,455,197 (8.4%) 2.00 5,768
2020-11-01 $697,500 (-0.2%) $1,479,626 (11.5%) 2.00 5,092
2020-12-01 $699,000 (0.0%) $1,534,280 (14.0%) 2.05 4,227
2021-01-01 $699,900 (0.1%) $1,580,939 (15.9%) 2.06 3,466
2021-02-01 $729,450 (4.2%) $1,624,631 (21.4%) 2.10 3,355
2021-03-01 $727,000 (3.2%) $1,579,281 (19.4%) 2.04 3,562
2021-04-01 $725,000 (0.5%) $1,575,066 (15.3%) 1.95 3,772
2021-05-01 $739,000 (-1.3%) $1,577,553 (11.1%) 1.95 4,222
2021-06-01 $947,000 (28.2%) $1,973,447 (40.0%) 2.46 2,991
2021-07-01 $907,000 (25.1%) $1,927,178 (37.2%) 2.36 3,098
2021-08-01 $819,500 (17.2%) $1,827,928 (29.9%) 2.15 3,033
2021-09-01 $829,000 (18.5%) $1,823,736 (27.6%) 2.18 2,898
2021-10-01 $839,000 (19.9%) $1,878,659 (29.1%) 2.21 2,695
2021-11-01 $889,500 (27.5%) $1,966,940 (32.9%) 2.34 2,263
2021-12-01 $895,000 (28.0%) $2,051,361 (33.7%) 2.39 1,824
2022-01-01 $969,000 (38.5%) $2,283,846 (44.5%) 2.58 1,486
2022-02-01 $1,200,000 (64.5%) $2,554,254 (57.2%) 3.06 1,398
2022-03-01 $1,197,000 (64.7%) $2,508,335 (58.8%) 2.96 1,407
2022-04-01 $1,050,000 (44.8%) $2,402,408 (52.5%) 2.47 1,518
Bridgeport's median listing price for 2022-04-01 was $1,050,000, a difference of $325,000 (44.8%) versus the prior year and $-147,000 versus the prior month.

Bridgeport's median listing price comes in at 247% of the national average.

Bridgeport's average listing price for 2022-04-01 was $2,402,408, a difference of $827,342 (52.5%) versus the prior year and $-105,927 versus the prior month.

For the 2022-04-01 period, Bridgeport had 1,518 MLS listings, a difference of 111 listings (8%) versus the prior month and -2,254 listings (-60%) 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
2018-01-01 113 days 2,654 sqft
2018-02-01 104 days 2,717 sqft
2018-03-01 62 days 2,745 sqft
2018-04-01 60 days 2,728 sqft
2018-05-01 59 days 2,719 sqft
2018-06-01 63 days 2,689 sqft
2018-07-01 74 days 2,669 sqft
2018-08-01 87 days 2,614 sqft
2018-09-01 99 days 2,610 sqft
2018-10-01 100 days 2,646 sqft
2018-11-01 102 days 2,659 sqft
2018-12-01 106 days 2,662 sqft
2019-01-01 117 days 2,629 sqft
2019-02-01 112 days 2,658 sqft
2019-03-01 67 days 2,681 sqft
2019-04-01 60 days 2,714 sqft
2019-05-01 59 days 2,843 sqft
2019-06-01 65 days 2,927 sqft
2019-07-01 75 days 2,890 sqft
2019-08-01 91 days 2,849 sqft
2019-09-01 95 days 2,833 sqft
2019-10-01 94 days 2,848 sqft
2019-11-01 93 days 2,830 sqft
2019-12-01 103 days 2,797 sqft
2020-01-01 114 days 2,767 sqft
2020-02-01 102 days 2,786 sqft
2020-03-01 59 days 2,824 sqft
2020-04-01 68 days 2,830 sqft
2020-05-01 78 days 2,887 sqft
2020-06-01 60 days 2,878 sqft
2020-07-01 49 days 2,808 sqft
2020-08-01 53 days 2,677 sqft
2020-09-01 54 days 2,660 sqft
2020-10-01 50 days 2,650 sqft
2020-11-01 58 days 2,589 sqft
2020-12-01 66 days 2,530 sqft
2021-01-01 77 days 2,513 sqft
2021-02-01 65 days 2,556 sqft
2021-03-01 43 days 2,498 sqft
2021-04-01 35 days 2,490 sqft
2021-05-01 35 days 2,504 sqft
2021-06-01 37 days 2,828 sqft
2021-07-01 43 days 2,781 sqft
2021-08-01 51 days 2,394 sqft
2021-09-01 58 days 2,394 sqft
2021-10-01 60 days 2,381 sqft
2021-11-01 64 days 2,331 sqft
2021-12-01 77 days 2,246 sqft
2022-01-01 87 days 2,364 sqft
2022-02-01 66 days 2,474 sqft
2022-03-01 39 days 2,463 sqft
2022-04-01 29 days 2,456 sqft
Bridgeport's median listing age (time on market) for 2022-04-01 was 29 days. This is -17% shorter than the same period one year ago.

Bridgeport's median square footage for active listings during the 2022-04-01 period was 2,456 sqft. One year prior, the average listing was 2,490 sqft.