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 29 lenders originated 81 USDA loans during 2021. The total origination value was $23,065,000, with an average USDA loan value of $284,753.

North Port USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in North Port averaged 6.38% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

North Port's average USDA mortgage closing costs are $7,078.

The average rate for the prior week (2022-11-25) was 6.81% and one month ago for the week of 2022-10-28, the average rate was 6.99%.

The average rate one year ago was 3.38%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.03%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
HOMEBRIDGE FINANCIAL SERVICES, INC. 16 2.76% $9,487
NVR Mortgage Finance, Inc. 10 3.00% $10,207
FBC MORTGAGE, LLC 6 2.58% $8,983
HOME SOLUTION LENDERS INC. 4 2.56% $6,427
PULTE MORTGAGE LLC 4 2.94% $3,377
HOME POINT FINANCIAL CORPORATION 4 2.72% $6,101
CROSSCOUNTRY MORTGAGE, LLC 3 2.75% $7,778
DHI MORTGAGE COMPANY, LTD. 3 2.67% $6,255
DAS Acquisition Company, LLC 2 2.88% $7,015
South Pacific Financial Corporation 2 2.94% $6,936
CALIBER HOME LOANS, INC. 2 2.50% $7,418
LENDUS, LLC 2 2.94% $8,325
MOVEMENT MORTGAGE, LLC 1 2.25% $4,445
Nations Lending Corporation 1 2.63% $6,484
PENNYMAC LOAN SERVICES, LLC 1 2.75% $3,658
UNITED WHOLESALE MORTGAGE, LLC 1 2.25% $11,942
AMERIFIRST FINANCIAL CORPORATION 1 2.75% $5,464
VILLAGE CAPITAL MORTGAGE 1 2.88% $4,558
Carrington Mortgage Services, LLC 1 3.75% $11,279
Colten Mortgage, LLC 1 2.75% $5,736
EMBRACE HOME LOANS, INC. 1 2.50% $7,141
FINANCE OF AMERICA MORTGAGE LLC 1 2.88% $8,308
Flagstar Bank, FSB 1 2.88% $8,738
GMFS LLC 1 2.25% $5,698
INLANTA MORTGAGE, INC. 1 2.88% $5,926
Ixonia Bank 1 2.75% $9,252
KBHS HOME LOANS, LLC 1 3.13% $11,732
MATTAMY HOME FUNDING, LLC 1 2.88% $8,738
M/I FINANCIAL, LLC 1 2.38% $8,077

The top North Port USDA lender as defined by loan originations is HOMEBRIDGE FINANCIAL SERVICES, INC., with 16 USDA loans originated. Their average total fees are $9,487, which is $720 lower than the next largest lender, NVR Mortgage Finance, Inc..

The lowest fee North Port USDA lenders (with over 10 loans originated) are HOMEBRIDGE FINANCIAL SERVICES, INC. ($9,487), NVR Mortgage Finance, Inc. ($10,207), .

The lowest rate North Port USDA lenders (with over 10 loans originated) are HOMEBRIDGE FINANCIAL SERVICES, INC. (2.76%), NVR Mortgage Finance, Inc. (3.00%), .


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 $350,950 (-2.5%) $584,585 (-4.5%) 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%) $600,007 (-1.1%) 1.20 7,338
2018-07-01 $364,625 (1.3%) $609,870 (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%) $590,581 (0.5%) 1.17 6,811
2018-10-01 $354,792 (1.4%) $595,651 (2.0%) 1.20 7,077
2018-11-01 $350,000 (0.0%) $599,091 (3.0%) 1.19 7,767
2018-12-01 $349,900 (0.0%) $598,304 (3.0%) 1.21 8,209
2019-01-01 $350,000 (-0.7%) $595,425 (2.5%) 1.21 8,774
2019-02-01 $352,250 (-0.8%) $596,325 (1.9%) 1.19 9,204
2019-03-01 $354,285 (1.0%) $599,914 (2.6%) 1.16 9,051
2019-04-01 $360,995 (3.1%) $605,449 (3.6%) 1.15 8,702
2019-05-01 $364,614 (2.1%) $610,497 (3.0%) 1.14 7,987
2019-06-01 $369,000 (2.5%) $616,755 (2.8%) 1.15 7,432
2019-07-01 $369,000 (1.2%) $617,347 (1.2%) 1.16 6,951
2019-08-01 $367,181 (2.1%) $615,780 (0.9%) 1.16 6,710
2019-09-01 $364,452 (4.1%) $610,839 (3.4%) 1.17 6,614
2019-10-01 $363,918 (2.6%) $610,521 (2.5%) 1.17 6,583
2019-11-01 $369,000 (5.4%) $620,979 (3.7%) 1.21 6,861
2019-12-01 $370,900 (6.0%) $631,393 (5.5%) 1.24 6,897
2020-01-01 $369,995 (5.7%) $635,854 (6.8%) 1.24 7,070
2020-02-01 $371,178 (5.4%) $648,104 (8.7%) 1.21 7,271
2020-03-01 $371,250 (4.8%) $642,029 (7.0%) 1.16 7,367
2020-04-01 $357,200 (-1.1%) $616,688 (1.9%) 1.12 7,082
2020-05-01 $359,300 (-1.5%) $623,516 (2.1%) 1.09 6,503
2020-06-01 $365,000 (-1.1%) $651,222 (5.6%) 1.07 5,766
2020-07-01 $369,824 (0.2%) $660,608 (7.0%) 1.07 5,237
2020-08-01 $372,000 (1.3%) $658,964 (7.0%) 1.07 4,850
2020-09-01 $374,950 (2.9%) $672,483 (10.1%) 1.07 4,483
2020-10-01 $375,000 (3.1%) $687,659 (12.6%) 1.07 4,359
2020-11-01 $375,000 (1.6%) $700,241 (12.8%) 1.10 4,046
2020-12-01 $379,000 (2.2%) $710,634 (12.6%) 1.13 3,685
2021-01-01 $382,199 (3.3%) $751,632 (18.2%) 1.14 3,107
2021-02-01 $393,714 (6.1%) $818,480 (26.3%) 1.14 2,240
2021-03-01 $415,000 (11.8%) $829,994 (29.3%) 1.18 1,729
2021-04-01 $421,950 (18.1%) $853,408 (38.4%) 1.14 1,522
2021-05-01 $425,000 (18.3%) $880,375 (41.2%) 1.12 1,418
2021-06-01 $444,550 (21.8%) $915,768 (40.6%) 1.17 1,398
2021-07-01 $455,000 (23.0%) $929,429 (40.7%) 1.20 1,498
2021-08-01 $464,250 (24.8%) $943,338 (43.2%) 1.24 1,559
2021-09-01 $476,089 (27.0%) $944,255 (40.4%) 1.27 1,613
2021-10-01 $495,000 (32.0%) $987,395 (43.6%) 1.32 1,579
2021-11-01 $507,500 (35.3%) $1,030,900 (47.2%) 1.36 1,484
2021-12-01 $512,400 (35.2%) $1,084,100 (52.6%) 1.39 1,395
2022-01-01 $534,369 (39.8%) $1,193,464 (58.8%) 1.44 1,146
2022-02-01 $553,750 (40.7%) $1,252,199 (53.0%) 1.44 1,112
2022-03-01 $575,000 (38.6%) $1,264,929 (52.4%) 1.44 1,227
2022-04-01 $595,000 (41.0%) $1,253,309 (46.9%) 1.42 1,525
2022-05-01 $599,000 (40.9%) $1,184,434 (34.5%) 1.37 2,018
2022-06-01 $599,000 (34.7%) $1,152,621 (25.9%) 1.33 2,648
2022-07-01 $584,900 (28.6%) $1,064,874 (14.6%) 1.32 3,352
2022-08-01 $556,039 (19.8%) $1,005,713 (6.6%) 1.28 3,604
2022-09-01 $548,354 (15.2%) $964,832 (2.2%) 1.28 3,581
2022-10-01 $539,900 (9.1%) $960,308 (-2.7%) 1.27 3,469
2022-11-01 $527,000 (3.8%) $965,135 (-6.4%) 1.27 3,825
North Port's median listing price for 2022-11-01 was $527,000, a difference of $19,500 (3.8%) versus the prior year and $-12,900 versus the prior month.

North Port's median listing price comes in at 127% of the national average.

North Port's average listing price for 2022-11-01 was $965,135, a difference of $-65,765 (-6.4%) versus the prior year and $4,827 versus the prior month.

For the 2022-11-01 period, North Port had 3,825 MLS listings, a difference of 356 listings (10%) versus the prior month and 2,341 listings (158%) 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 79 days 1,847 sqft
2018-02-01 73 days 1,858 sqft
2018-03-01 66 days 1,858 sqft
2018-04-01 74 days 1,857 sqft
2018-05-01 80 days 1,863 sqft
2018-06-01 86 days 1,873 sqft
2018-07-01 89 days 1,883 sqft
2018-08-01 91 days 1,885 sqft
2018-09-01 88 days 1,865 sqft
2018-10-01 84 days 1,867 sqft
2018-11-01 76 days 1,852 sqft
2018-12-01 75 days 1,834 sqft
2019-01-01 80 days 1,828 sqft
2019-02-01 80 days 1,835 sqft
2019-03-01 80 days 1,837 sqft
2019-04-01 81 days 1,837 sqft
2019-05-01 88 days 1,841 sqft
2019-06-01 93 days 1,849 sqft
2019-07-01 93 days 1,856 sqft
2019-08-01 91 days 1,854 sqft
2019-09-01 89 days 1,848 sqft
2019-10-01 86 days 1,846 sqft
2019-11-01 75 days 1,856 sqft
2019-12-01 76 days 1,857 sqft
2020-01-01 79 days 1,853 sqft
2020-02-01 75 days 1,861 sqft
2020-03-01 68 days 1,853 sqft
2020-04-01 77 days 1,826 sqft
2020-05-01 90 days 1,818 sqft
2020-06-01 100 days 1,817 sqft
2020-07-01 96 days 1,828 sqft
2020-08-01 72 days 1,816 sqft
2020-09-01 65 days 1,818 sqft
2020-10-01 60 days 1,811 sqft
2020-11-01 61 days 1,784 sqft
2020-12-01 64 days 1,769 sqft
2021-01-01 66 days 1,774 sqft
2021-02-01 58 days 1,754 sqft
2021-03-01 46 days 1,772 sqft
2021-04-01 39 days 1,765 sqft
2021-05-01 39 days 1,752 sqft
2021-06-01 36 days 1,757 sqft
2021-07-01 36 days 1,758 sqft
2021-08-01 37 days 1,785 sqft
2021-09-01 38 days 1,769 sqft
2021-10-01 39 days 1,791 sqft
2021-11-01 41 days 1,811 sqft
2021-12-01 62 days 1,786 sqft
2022-01-01 44 days 1,795 sqft
2022-02-01 32 days 1,794 sqft
2022-03-01 30 days 1,814 sqft
2022-04-01 26 days 1,831 sqft
2022-05-01 28 days 1,836 sqft
2022-06-01 31 days 1,848 sqft
2022-07-01 35 days 1,838 sqft
2022-08-01 44 days 1,832 sqft
2022-09-01 51 days 1,825 sqft
2022-10-01 59 days 1,830 sqft
2022-11-01 59 days 1,809 sqft
North Port's median listing age (time on market) for 2022-11-01 was 59 days. This is 44% longer than the same period one year ago.

North Port's median square footage for active listings during the 2022-11-01 period was 1,809 sqft. One year prior, the average listing was 1,811 sqft.