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 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 6.17% for the week of 2024-02-16, compared to the national average (all USDA variants) of 6.685% for the same period.

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

The average rate for the prior week (2024-02-09) was 6.1% and one month ago for the week of 2024-01-12, the average rate was 5.82%.

The average rate one year ago was 5.46%.

For refis of the same type during the week of 2024-02-16, the average rate was 5%.

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 $748,925 (1.9%) $1,349,653 (-4.5%) 2.50 6,174
2018-08-01 $724,950 (3.6%) $1,327,643 (-3.6%) 2.43 5,982
2018-09-01 $725,000 (1.4%) $1,333,920 (-3.2%) 2.44 6,020
2018-10-01 $725,000 (0.9%) $1,338,571 (0.6%) 2.46 5,928
2018-11-01 $712,000 (1.8%) $1,350,919 (1.6%) 2.41 5,579
2018-12-01 $699,900 (0.1%) $1,381,021 (3.2%) 2.41 4,875
2019-01-01 $699,225 (0.0%) $1,381,227 (2.3%) 2.42 4,402
2019-02-01 $729,475 (-2.7%) $1,387,358 (-0.1%) 2.46 4,654
2019-03-01 $747,857 (-4.0%) $1,389,514 (0.3%) 2.45 5,025
2019-04-01 $749,500 (-4.4%) $1,396,667 (1.5%) 2.38 5,400
2019-05-01 $749,450 (-5.4%) $1,379,349 (0.4%) 2.34 5,941
2019-06-01 $727,000 (-5.5%) $1,370,165 (1.9%) 2.27 6,213
2019-07-01 $704,913 (-5.9%) $1,339,593 (-0.8%) 2.21 6,118
2019-08-01 $695,182 (-4.1%) $1,328,739 (0.1%) 2.20 5,985
2019-09-01 $689,455 (-4.9%) $1,321,369 (-0.9%) 2.21 5,865
2019-10-01 $690,136 (-4.8%) $1,320,867 (-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 (-3.5%) 2.29 4,312
2020-01-01 $684,000 (-2.2%) $1,337,991 (-3.1%) 2.29 3,818
2020-02-01 $709,000 (-2.8%) $1,347,010 (-2.9%) 2.32 4,013
2020-03-01 $724,950 (-3.1%) $1,352,642 (-2.7%) 2.27 4,302
2020-04-01 $719,000 (-4.1%) $1,372,983 (-1.7%) 2.25 4,049
2020-05-01 $749,000 (-0.1%) $1,442,175 (4.6%) 2.28 3,983
2020-06-01 $799,450 (10.0%) $1,547,983 (13.0%) 2.36 3,984
2020-07-01 $808,750 (14.7%) $1,605,459 (19.9%) 2.34 3,868
2020-08-01 $799,000 (14.9%) $1,640,877 (23.5%) 2.29 3,625
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%) $1,719,649 (29.0%) 2.38 2,538
2021-01-01 $819,000 (19.7%) $1,801,028 (34.6%) 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 (16.8%) $1,898,405 (38.3%) 2.27 2,034
2021-05-01 $875,000 (16.8%) $1,898,015 (31.6%) 2.32 2,257
2021-06-01 $836,500 (4.6%) $1,802,780 (16.5%) 2.20 2,478
2021-07-01 $750,000 (-7.3%) $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%) 2.02 1,544
2022-01-01 $789,450 (-3.6%) $1,977,672 (9.8%) 2.13 1,248
2022-02-01 $882,999 (0.3%) $2,274,941 (19.4%) 2.30 1,165
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%) $1,952,691 (2.9%) 1.93 1,691
2022-06-01 $840,750 (0.5%) $1,850,165 (2.6%) 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 (9.1%) $2,267,314 (-0.3%) 2.33 1,181
2023-03-01 $1,098,975 (22.2%) $2,354,081 (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%) $2,405,258 (23.2%) 2.72 1,315
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
2023-09-01 $911,950 (16.6%) $1,965,708 (7.7%) 2.12 1,348
2023-10-01 $889,225 (11.3%) $2,005,054 (6.6%) 2.09 1,365
2023-11-01 $875,000 (8.5%) $1,972,836 (3.4%) 2.08 1,311
2023-12-01 $817,500 (2.2%) $2,015,127 (3.1%) 1.99 1,039
Bridgeport's median listing price for 2023-12-01 was $817,500, a difference of $17,800 (2.2%) versus the prior year and $-57,500 versus the prior month.

Bridgeport's median listing price comes in at 199% of the national average.

Bridgeport's average listing price for 2023-12-01 was $2,015,127, a difference of $60,549 (3.1%) versus the prior year and $42,291 versus the prior month.

For the 2023-12-01 period, Bridgeport had 1,039 MLS listings, a difference of -272 listings (-21%) versus the prior month and -368 listings (-26%) 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 2,795 sqft
2018-05-01 56 days 2,791 sqft
2018-06-01 60 days 2,736 sqft
2018-07-01 72 days 2,718 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 2,669 sqft
2018-12-01 99 days 2,668 sqft
2019-01-01 108 days 2,652 sqft
2019-02-01 98 days 2,717 sqft
2019-03-01 74 days 2,747 sqft
2019-04-01 55 days 2,795 sqft
2019-05-01 55 days 2,895 sqft
2019-06-01 63 days 2,998 sqft
2019-07-01 73 days 2,941 sqft
2019-08-01 81 days 2,913 sqft
2019-09-01 86 days 2,904 sqft
2019-10-01 88 days 2,899 sqft
2019-11-01 87 days 2,888 sqft
2019-12-01 99 days 2,837 sqft
2020-01-01 108 days 2,812 sqft
2020-02-01 95 days 2,852 sqft
2020-03-01 57 days 2,924 sqft
2020-04-01 69 days 2,888 sqft
2020-05-01 75 days 2,951 sqft
2020-06-01 50 days 3,061 sqft
2020-07-01 43 days 3,023 sqft
2020-08-01 49 days 2,941 sqft
2020-09-01 52 days 2,888 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 2,721 sqft
2021-06-01 34 days 2,612 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 2,166 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 2,324 sqft
2022-03-01 30 days 2,304 sqft
2022-04-01 22 days 2,276 sqft
2022-05-01 20 days 2,258 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 2,454 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 2,642 sqft
2023-04-01 36 days 2,688 sqft
2023-05-01 26 days 2,862 sqft
2023-06-01 32 days 2,967 sqft
2023-07-01 38 days 2,938 sqft
2023-08-01 50 days 2,737 sqft
2023-09-01 46 days 2,690 sqft
2023-10-01 42 days 2,650 sqft
2023-11-01 48 days 2,616 sqft
2023-12-01 61 days 2,539 sqft
Bridgeport's median listing age (time on market) for 2023-12-01 was 61 days. This is -14% shorter than the same period one year ago.

Bridgeport's median square footage for active listings during the 2023-12-01 period was 2,539 sqft. One year prior, the average listing was 2,441 sqft.