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%.
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 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 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.
