North Port USDA Loan Rates, Closing Costs & Stats

North Port-Sarasota-Bradenton, FL

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.

North Port's 4 lenders originated 6 USDA loans during 2023. The total origination value was $1,970,000, with an average USDA loan value of $328,333.

North Port USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in North Port averaged 6.43% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

North Port's average USDA mortgage closing costs are $7,345.

The average rate for the prior week (2024-04-05) was 6.46% and one month ago for the week of 2024-03-08, the average rate was 6.42%.

The average rate one year ago was 6.03%.

For refis of the same type during the week of 2024-04-12, the average rate was 7.07%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

North Port 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 North Port level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CARDINAL FINANCIAL 1 6.25% $11,644
CROSSCOUNTRY MORTGAGE, LLC 1 4.75% $18,409
Synovus Bank 1 5.13% $14,140
UNITED WHOLESALE MORTGAGE, LLC 1 5.13% $16,834

The top North Port USDA lender as defined by loan originations is CARDINAL FINANCIAL, with 1 USDA loans originated. Their average total fees are $11,644, which is $6,765 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

The lowest fee North Port USDA lenders (with over 10 loans originated) are .

The lowest rate North Port USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - North Port (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 $352,500 (-2.6%) $580,897 (-6.2%) 1.31 7,765
2018-02-01 $354,950 (-1.9%) $585,162 (-5.1%) 1.29 8,279
2018-03-01 $351,945 (-2.2%) $584,585 (-4.6%) 1.23 8,298
2018-04-01 $350,000 (-3.3%) $584,611 (-4.5%) 1.19 8,079
2018-05-01 $357,000 (-0.8%) $592,572 (-3.0%) 1.19 7,723
2018-06-01 $359,900 (-0.5%) $599,963 (-1.1%) 1.20 7,338
2018-07-01 $364,625 (1.3%) $609,843 (1.3%) 1.22 7,056
2018-08-01 $359,556 (2.7%) $610,476 (3.4%) 1.20 6,805
2018-09-01 $350,000 (0.0%) $590,538 (0.5%) 1.18 6,811
2018-10-01 $354,498 (1.3%) $595,590 (2.0%) 1.20 7,078
2018-11-01 $350,000 (0.0%) $599,075 (3.0%) 1.19 7,766
2018-12-01 $349,900 (0.0%) $598,249 (3.0%) 1.21 8,209
2019-01-01 $350,000 (-0.7%) $595,405 (2.5%) 1.21 8,774
2019-02-01 $352,238 (-0.8%) $596,285 (1.9%) 1.19 9,205
2019-03-01 $354,285 (0.7%) $599,858 (2.6%) 1.16 9,052
2019-04-01 $360,937 (3.1%) $605,346 (3.6%) 1.15 8,703
2019-05-01 $364,503 (2.1%) $610,429 (3.0%) 1.14 7,986
2019-06-01 $369,000 (2.5%) $616,742 (2.8%) 1.15 7,431
2019-07-01 $369,125 (1.2%) $617,292 (1.2%) 1.16 6,949
2019-08-01 $367,190 (2.1%) $615,719 (0.9%) 1.16 6,709
2019-09-01 $364,476 (4.1%) $610,827 (3.4%) 1.17 6,612
2019-10-01 $363,934 (2.7%) $610,569 (2.5%) 1.17 6,581
2019-11-01 $369,000 (5.4%) $621,057 (3.7%) 1.21 6,859
2019-12-01 $370,950 (6.0%) $631,476 (5.6%) 1.24 6,894
2020-01-01 $369,995 (5.7%) $635,878 (6.8%) 1.24 7,067
2020-02-01 $371,356 (5.4%) $648,207 (8.7%) 1.22 7,268
2020-03-01 $371,250 (4.8%) $642,091 (7.0%) 1.16 7,365
2020-04-01 $357,445 (-1.0%) $616,867 (1.9%) 1.12 7,079
2020-05-01 $359,300 (-1.4%) $623,665 (2.2%) 1.09 6,499
2020-06-01 $365,000 (-1.1%) $651,367 (5.6%) 1.08 5,763
2020-07-01 $369,824 (0.2%) $660,814 (7.1%) 1.07 5,233
2020-08-01 $372,000 (1.3%) $659,178 (7.1%) 1.07 4,846
2020-09-01 $374,950 (2.9%) $672,728 (10.1%) 1.07 4,479
2020-10-01 $375,000 (3.0%) $687,924 (12.7%) 1.07 4,355
2020-11-01 $375,000 (1.6%) $700,528 (12.8%) 1.10 4,042
2020-12-01 $379,000 (2.2%) $710,953 (12.6%) 1.13 3,681
2021-01-01 $381,641 (3.2%) $751,922 (18.3%) 1.14 3,103
2021-02-01 $393,125 (5.9%) $818,087 (26.2%) 1.14 2,236
2021-03-01 $415,000 (11.8%) $829,409 (29.2%) 1.18 1,725
2021-04-01 $422,045 (18.1%) $854,109 (38.5%) 1.14 1,518
2021-05-01 $425,000 (18.3%) $881,351 (41.3%) 1.13 1,415
2021-06-01 $444,500 (21.8%) $915,046 (40.5%) 1.17 1,395
2021-07-01 $455,000 (23.0%) $930,294 (40.8%) 1.20 1,495
2021-08-01 $464,250 (24.8%) $944,607 (43.3%) 1.24 1,557
2021-09-01 $476,678 (27.1%) $944,496 (40.4%) 1.27 1,609
2021-10-01 $497,900 (32.8%) $987,942 (43.6%) 1.33 1,575
2021-11-01 $507,450 (35.3%) $1,029,958 (47.0%) 1.36 1,480
2021-12-01 $512,450 (35.2%) $1,084,922 (52.6%) 1.39 1,392
2022-01-01 $534,680 (40.1%) $1,193,042 (58.7%) 1.45 1,142
2022-02-01 $556,353 (41.5%) $1,253,264 (53.2%) 1.45 1,108
2022-03-01 $576,665 (39.0%) $1,265,317 (52.6%) 1.44 1,224
2022-04-01 $599,000 (41.9%) $1,254,684 (46.9%) 1.43 1,522
2022-05-01 $599,450 (41.1%) $1,185,127 (34.5%) 1.37 2,014
2022-06-01 $599,450 (34.9%) $1,149,308 (25.6%) 1.34 2,644
2022-07-01 $579,000 (27.3%) $1,060,492 (14.0%) 1.30 3,348
2022-08-01 $555,000 (19.6%) $1,002,784 (6.2%) 1.28 3,601
2022-09-01 $548,250 (15.0%) $964,138 (2.1%) 1.28 3,579
2022-10-01 $539,500 (8.4%) $960,172 (-2.8%) 1.27 3,466
2022-11-01 $526,000 (3.7%) $961,834 (-6.6%) 1.26 3,822
2022-12-01 $525,000 (2.5%) $987,493 (-9.0%) 1.30 3,886
2023-01-01 $539,582 (0.9%) $1,037,457 (-13.0%) 1.34 4,102
2023-02-01 $537,811 (-3.3%) $1,059,818 (-15.4%) 1.30 4,370
2023-03-01 $546,353 (-5.3%) $1,075,273 (-15.0%) 1.29 4,597
2023-04-01 $549,000 (-8.4%) $1,066,350 (-15.0%) 1.28 4,700
2023-05-01 $549,900 (-8.3%) $1,083,539 (-8.6%) 1.25 4,592
2023-06-01 $550,000 (-8.3%) $1,087,224 (-5.4%) 1.24 4,512
2023-07-01 $550,000 (-5.0%) $1,072,393 (1.1%) 1.25 4,565
2023-08-01 $539,927 (-2.7%) $1,054,613 (5.2%) 1.24 4,692
2023-09-01 $525,000 (-4.2%) $1,015,554 (5.3%) 1.22 4,847
2023-10-01 $526,000 (-2.5%) $997,135 (3.9%) 1.24 5,475
2023-11-01 $524,950 (-0.2%) $963,764 (0.2%) 1.25 6,214
2023-12-01 $520,000 (-1.0%) $955,884 (-3.2%) 1.27 6,682
2024-01-01 $525,000 (-2.7%) $957,285 (-7.7%) 1.28 7,417
2024-02-01 $517,450 (-3.8%) $954,114 (-10.0%) 1.25 8,219
2024-03-01 $515,000 (-5.7%) $942,729 (-12.3%) 1.21 8,531
North Port's median listing price for 2024-03-01 was $515,000, a difference of $-31,353 (-5.7%) versus the prior year and $-2,450 versus the prior month.

North Port's median listing price comes in at 121% of the national average.

North Port's average listing price for 2024-03-01 was $942,729, a difference of $-132,544 (-12.3%) versus the prior year and $-11,385 versus the prior month.

For the 2024-03-01 period, North Port had 8,531 MLS listings, a difference of 312 listings (4%) versus the prior month and 3,934 listings (86%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - North Port (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 72 days 1,848 sqft
2018-02-01 66 days 1,858 sqft
2018-03-01 60 days 1,858 sqft
2018-04-01 70 days 1,857 sqft
2018-05-01 75 days 1,864 sqft
2018-06-01 80 days 1,873 sqft
2018-07-01 82 days 1,883 sqft
2018-08-01 83 days 1,885 sqft
2018-09-01 82 days 1,865 sqft
2018-10-01 77 days 1,867 sqft
2018-11-01 71 days 1,852 sqft
2018-12-01 70 days 1,834 sqft
2019-01-01 75 days 1,828 sqft
2019-02-01 73 days 1,835 sqft
2019-03-01 72 days 1,837 sqft
2019-04-01 74 days 1,837 sqft
2019-05-01 81 days 1,840 sqft
2019-06-01 85 days 1,849 sqft
2019-07-01 86 days 1,856 sqft
2019-08-01 83 days 1,854 sqft
2019-09-01 81 days 1,848 sqft
2019-10-01 77 days 1,847 sqft
2019-11-01 67 days 1,857 sqft
2019-12-01 72 days 1,857 sqft
2020-01-01 74 days 1,853 sqft
2020-02-01 68 days 1,861 sqft
2020-03-01 64 days 1,853 sqft
2020-04-01 72 days 1,826 sqft
2020-05-01 84 days 1,818 sqft
2020-06-01 94 days 1,817 sqft
2020-07-01 82 days 1,828 sqft
2020-08-01 65 days 1,816 sqft
2020-09-01 59 days 1,818 sqft
2020-10-01 56 days 1,811 sqft
2020-11-01 57 days 1,784 sqft
2020-12-01 58 days 1,769 sqft
2021-01-01 61 days 1,774 sqft
2021-02-01 53 days 1,754 sqft
2021-03-01 43 days 1,779 sqft
2021-04-01 37 days 1,769 sqft
2021-05-01 37 days 1,750 sqft
2021-06-01 36 days 1,756 sqft
2021-07-01 36 days 1,758 sqft
2021-08-01 36 days 1,782 sqft
2021-09-01 37 days 1,771 sqft
2021-10-01 38 days 1,797 sqft
2021-11-01 40 days 1,815 sqft
2021-12-01 60 days 1,786 sqft
2022-01-01 43 days 1,795 sqft
2022-02-01 31 days 1,794 sqft
2022-03-01 29 days 1,817 sqft
2022-04-01 26 days 1,831 sqft
2022-05-01 28 days 1,836 sqft
2022-06-01 30 days 1,850 sqft
2022-07-01 34 days 1,836 sqft
2022-08-01 44 days 1,831 sqft
2022-09-01 50 days 1,828 sqft
2022-10-01 59 days 1,830 sqft
2022-11-01 59 days 1,809 sqft
2022-12-01 55 days 1,773 sqft
2023-01-01 60 days 1,784 sqft
2023-02-01 49 days 1,791 sqft
2023-03-01 47 days 1,817 sqft
2023-04-01 50 days 1,784 sqft
2023-05-01 53 days 1,804 sqft
2023-06-01 58 days 1,805 sqft
2023-07-01 60 days 1,815 sqft
2023-08-01 59 days 1,787 sqft
2023-09-01 60 days 1,761 sqft
2023-10-01 59 days 1,754 sqft
2023-11-01 54 days 1,739 sqft
2023-12-01 59 days 1,718 sqft
2024-01-01 67 days 1,726 sqft
2024-02-01 59 days 1,729 sqft
2024-03-01 59 days 1,722 sqft
North Port's median listing age (time on market) for 2024-03-01 was 59 days. This is 26% longer than the same period one year ago.

North Port's median square footage for active listings during the 2024-03-01 period was 1,722 sqft. One year prior, the average listing was 1,817 sqft.