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%.
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 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 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.
