Bridgeport USDA Loan Rates, Closing Costs & Stats

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 6.19% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Bridgeport's average USDA mortgage closing costs are $8,868.

The average rate for the prior week (2022-11-25) was 6.63% and one month ago for the week of 2022-10-28, the average rate was 6.9%.

The average rate one year ago was 3.19%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.2%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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 $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 (-6.2%) 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%) 2.43 6,021
2018-10-01 $725,000 (0.9%) $1,338,247 (0.5%) 2.45 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%) $1,389,262 (0.3%) 2.44 5,026
2019-04-01 $749,500 (-4.4%) $1,396,456 (1.5%) 2.38 5,402
2019-05-01 $749,450 (-5.4%) $1,378,618 (0.3%) 2.34 5,949
2019-06-01 $725,000 (-5.8%) $1,369,181 (1.8%) 2.27 6,220
2019-07-01 $704,450 (-5.9%) $1,338,492 (-0.8%) 2.21 6,128
2019-08-01 $695,182 (-4.1%) $1,327,864 (0.0%) 2.20 5,994
2019-09-01 $689,455 (-4.9%) $1,320,526 (-1.0%) 2.21 5,874
2019-10-01 $690,136 (-4.8%) $1,319,929 (-1.4%) 2.23 5,735
2019-11-01 $689,000 (-3.2%) $1,315,563 (-2.6%) 2.26 5,183
2019-12-01 $687,000 (-1.8%) $1,331,533 (-3.6%) 2.29 4,322
2020-01-01 $684,000 (-2.2%) $1,335,787 (-3.3%) 2.29 3,826
2020-02-01 $709,000 (-2.8%) $1,344,865 (-3.1%) 2.32 4,021
2020-03-01 $724,725 (-2.9%) $1,350,628 (-2.8%) 2.27 4,311
2020-04-01 $717,000 (-4.3%) $1,370,752 (-1.8%) 2.24 4,058
2020-05-01 $746,000 (-0.5%) $1,440,153 (4.5%) 2.27 3,991
2020-06-01 $799,425 (10.3%) $1,545,698 (12.9%) 2.35 3,992
2020-07-01 $807,000 (14.6%) $1,602,728 (19.7%) 2.34 3,876
2020-08-01 $799,000 (14.9%) $1,637,963 (23.4%) 2.29 3,633
2020-09-01 $799,000 (15.9%) $1,654,134 (25.3%) 2.29 3,432
2020-10-01 $797,000 (15.5%) $1,665,898 (26.2%) 2.28 3,345
2020-11-01 $772,500 (12.1%) $1,673,216 (27.2%) 2.26 2,941
2020-12-01 $795,000 (15.7%) $1,714,470 (28.8%) 2.36 2,546
2021-01-01 $809,950 (18.4%) $1,794,722 (34.4%) 2.42 2,103
2021-02-01 $869,500 (22.6%) $1,898,180 (41.1%) 2.53 1,871
2021-03-01 $856,375 (18.2%) $1,877,667 (39.0%) 2.43 1,895
2021-04-01 $837,000 (16.7%) $1,891,648 (38.0%) 2.27 2,042
2021-05-01 $871,500 (16.8%) $1,889,594 (31.2%) 2.31 2,262
2021-06-01 $828,500 (3.6%) $1,796,337 (16.2%) 2.18 2,482
2021-07-01 $750,000 (-7.1%) $1,656,580 (3.4%) 1.97 2,675
2021-08-01 $699,450 (-12.5%) $1,593,787 (-2.7%) 1.87 2,607
2021-09-01 $699,900 (-12.4%) $1,597,125 (-3.5%) 1.87 2,463
2021-10-01 $699,000 (-12.3%) $1,630,827 (-2.1%) 1.86 2,306
2021-11-01 $751,750 (-2.7%) $1,737,647 (3.9%) 2.01 1,919
2021-12-01 $744,500 (-6.4%) $1,800,551 (5.0%) 2.02 1,552
2022-01-01 $785,998 (-3.0%) $1,965,933 (9.5%) 2.12 1,256
2022-02-01 $865,749 (-0.4%) $2,261,492 (19.1%) 2.25 1,172
2022-03-01 $892,500 (4.2%) $2,239,500 (19.3%) 2.23 1,189
2022-04-01 $858,000 (2.5%) $2,153,346 (13.8%) 2.05 1,303
2022-05-01 $839,450 (-3.7%) $1,947,772 (3.1%) 1.92 1,701
2022-06-01 $832,000 (0.4%) $1,843,985 (2.7%) 1.85 1,928
2022-07-01 $821,950 (9.6%) $1,786,414 (7.8%) 1.86 2,101
2022-08-01 $804,725 (15.1%) $1,812,290 (13.7%) 1.86 1,985
2022-09-01 $777,500 (11.1%) $1,819,519 (13.9%) 1.82 1,971
2022-10-01 $799,000 (14.3%) $1,873,913 (14.9%) 1.88 1,930
2022-11-01 $802,175 (6.7%) $1,901,635 (9.4%) 1.93 1,733
Bridgeport's median listing price for 2022-11-01 was $802,175, a difference of $50,425 (6.7%) versus the prior year and $3,175 versus the prior month.

Bridgeport's median listing price comes in at 193% of the national average.

Bridgeport's average listing price for 2022-11-01 was $1,901,635, a difference of $163,988 (9.4%) versus the prior year and $27,722 versus the prior month.

For the 2022-11-01 period, Bridgeport had 1,733 MLS listings, a difference of -197 listings (-10%) versus the prior month and -186 listings (-10%) 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
2018-01-01 116 days 2,632 sqft
2018-02-01 107 days 2,718 sqft
2018-03-01 64 days 2,793 sqft
2018-04-01 60 days 2,796 sqft
2018-05-01 61 days 2,792 sqft
2018-06-01 66 days 2,736 sqft
2018-07-01 77 days 2,717 sqft
2018-08-01 90 days 2,680 sqft
2018-09-01 99 days 2,670 sqft
2018-10-01 100 days 2,699 sqft
2018-11-01 101 days 2,667 sqft
2018-12-01 105 days 2,666 sqft
2019-01-01 115 days 2,650 sqft
2019-02-01 108 days 2,716 sqft
2019-03-01 86 days 2,746 sqft
2019-04-01 60 days 2,794 sqft
2019-05-01 60 days 2,893 sqft
2019-06-01 67 days 2,995 sqft
2019-07-01 77 days 2,937 sqft
2019-08-01 86 days 2,912 sqft
2019-09-01 91 days 2,902 sqft
2019-10-01 96 days 2,898 sqft
2019-11-01 99 days 2,886 sqft
2019-12-01 105 days 2,837 sqft
2020-01-01 115 days 2,810 sqft
2020-02-01 106 days 2,849 sqft
2020-03-01 63 days 2,915 sqft
2020-04-01 74 days 2,885 sqft
2020-05-01 82 days 2,948 sqft
2020-06-01 63 days 3,057 sqft
2020-07-01 49 days 3,020 sqft
2020-08-01 53 days 2,938 sqft
2020-09-01 57 days 2,888 sqft
2020-10-01 53 days 2,829 sqft
2020-11-01 62 days 2,718 sqft
2020-12-01 73 days 2,636 sqft
2021-01-01 85 days 2,619 sqft
2021-02-01 74 days 2,712 sqft
2021-03-01 47 days 2,654 sqft
2021-04-01 35 days 2,662 sqft
2021-05-01 35 days 2,714 sqft
2021-06-01 36 days 2,599 sqft
2021-07-01 40 days 2,442 sqft
2021-08-01 49 days 2,186 sqft
2021-09-01 57 days 2,170 sqft
2021-10-01 57 days 2,158 sqft
2021-11-01 59 days 2,123 sqft
2021-12-01 74 days 2,074 sqft
2022-01-01 85 days 2,114 sqft
2022-02-01 58 days 2,309 sqft
2022-03-01 35 days 2,295 sqft
2022-04-01 24 days 2,258 sqft
2022-05-01 23 days 2,250 sqft
2022-06-01 30 days 2,312 sqft
2022-07-01 35 days 2,275 sqft
2022-08-01 47 days 2,427 sqft
2022-09-01 56 days 2,395 sqft
2022-10-01 58 days 2,437 sqft
2022-11-01 59 days 2,453 sqft
Bridgeport's median listing age (time on market) for 2022-11-01 was 59 days. This is 0% shorter than the same period one year ago.

Bridgeport's median square footage for active listings during the 2022-11-01 period was 2,453 sqft. One year prior, the average listing was 2,123 sqft.