North Port USDA Loans

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 5.53% 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 5.17% and one month ago for the week of 2022-04-08, the average rate was 4.73%.

The average rate one year ago was 2.94%.

For refis of the same type during the week of 2022-05-13, the average rate was 4.99%.

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 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. Total Fees
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 & INVESTMENT LLC 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 $349,950 (-2.8%) $574,263 (-5.9%) 1.29 7,802
2018-02-01 $350,000 (-2.8%) $578,776 (-4.7%) 1.26 8,314
2018-03-01 $349,900 (-2.5%) $576,089 (-4.6%) 1.21 8,331
2018-04-01 $349,900 (-2.8%) $576,582 (-4.6%) 1.17 8,070
2018-05-01 $352,000 (-2.0%) $582,605 (-3.8%) 1.17 7,701
2018-06-01 $355,000 (-1.1%) $589,068 (-1.9%) 1.18 7,318
2018-07-01 $359,450 (1.3%) $599,258 (0.8%) 1.20 7,043
2018-08-01 $356,500 (1.9%) $597,710 (2.4%) 1.19 6,788
2018-09-01 $349,900 (0.0%) $579,572 (-0.2%) 1.17 6,787
2018-10-01 $350,000 (0.3%) $586,211 (1.5%) 1.17 7,071
2018-11-01 $349,900 (0.1%) $589,005 (2.4%) 1.17 7,776
2018-12-01 $349,900 (0.0%) $590,038 (3.0%) 1.20 8,247
2019-01-01 $349,900 (0.0%) $586,648 (2.2%) 1.21 8,794
2019-02-01 $349,950 (0.0%) $587,042 (1.4%) 1.17 9,223
2019-03-01 $353,800 (1.1%) $590,619 (2.5%) 1.15 9,072
2019-04-01 $359,450 (2.7%) $597,298 (3.6%) 1.13 8,708
2019-05-01 $360,000 (2.3%) $602,840 (3.5%) 1.11 7,988
2019-06-01 $365,000 (2.8%) $607,383 (3.1%) 1.12 7,422
2019-07-01 $365,000 (1.5%) $605,683 (1.1%) 1.13 6,950
2019-08-01 $360,714 (1.2%) $597,937 (0.0%) 1.14 6,542
2019-09-01 $355,000 (1.5%) $585,869 (1.1%) 1.13 6,294
2019-10-01 $366,200 (4.6%) $608,894 (3.9%) 1.17 6,560
2019-11-01 $366,461 (4.7%) $611,918 (3.9%) 1.18 6,849
2019-12-01 $369,450 (5.6%) $619,417 (5.0%) 1.23 6,903
2020-01-01 $369,900 (5.7%) $626,135 (6.7%) 1.23 7,050
2020-02-01 $369,990 (5.7%) $639,551 (8.9%) 1.19 7,256
2020-03-01 $370,192 (4.6%) $632,723 (7.1%) 1.16 7,357
2020-04-01 $353,450 (-1.7%) $607,921 (1.8%) 1.10 7,081
2020-05-01 $356,500 (-1.0%) $613,000 (1.7%) 1.08 6,496
2020-06-01 $363,165 (-0.5%) $636,387 (4.8%) 1.06 5,732
2020-07-01 $368,900 (1.1%) $646,530 (6.7%) 1.06 5,198
2020-08-01 $369,900 (2.6%) $645,098 (7.9%) 1.06 4,799
2020-09-01 $374,400 (5.5%) $662,844 (13.1%) 1.07 4,458
2020-10-01 $375,000 (2.4%) $679,218 (11.6%) 1.07 4,313
2020-11-01 $374,990 (2.3%) $692,915 (13.2%) 1.07 4,030
2020-12-01 $378,995 (2.6%) $706,321 (14.0%) 1.11 3,676
2021-01-01 $380,000 (2.7%) $745,982 (19.1%) 1.12 3,161
2021-02-01 $392,450 (6.1%) $805,677 (26.0%) 1.13 2,213
2021-03-01 $412,500 (11.4%) $822,922 (30.1%) 1.16 1,701
2021-04-01 $417,000 (18.0%) $841,218 (38.4%) 1.12 1,487
2021-05-01 $420,000 (17.8%) $862,538 (40.7%) 1.11 1,370
2021-06-01 $440,045 (21.2%) $897,664 (41.1%) 1.14 1,362
2021-07-01 $450,000 (22.0%) $905,074 (40.0%) 1.17 1,440
2021-08-01 $455,000 (23.0%) $912,421 (41.4%) 1.20 1,531
2021-09-01 $472,450 (26.2%) $914,037 (37.9%) 1.24 1,581
2021-10-01 $492,300 (31.3%) $953,418 (40.4%) 1.30 1,563
2021-11-01 $501,900 (33.8%) $996,664 (43.8%) 1.32 1,465
2021-12-01 $507,000 (33.8%) $1,033,236 (46.3%) 1.35 1,359
2022-01-01 $525,000 (38.2%) $1,156,537 (55.0%) 1.40 1,110
2022-02-01 $547,500 (39.5%) $1,202,317 (49.2%) 1.40 1,077
2022-03-01 $575,000 (39.4%) $1,217,035 (47.9%) 1.42 1,168
2022-04-01 $589,900 (41.5%) $1,198,597 (42.5%) 1.39 1,477
North Port's median listing price for 2022-04-01 was $589,900, a difference of $172,900 (41.5%) versus the prior year and $14,900 versus the prior month.

North Port's median listing price comes in at 139% of the national average.

North Port's average listing price for 2022-04-01 was $1,198,597, a difference of $357,379 (42.5%) versus the prior year and $-18,438 versus the prior month.

For the 2022-04-01 period, North Port had 1,477 MLS listings, a difference of 309 listings (26%) versus the prior month and -10 listings (-1%) 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 78 days 1,841 sqft
2018-02-01 72 days 1,851 sqft
2018-03-01 66 days 1,851 sqft
2018-04-01 75 days 1,849 sqft
2018-05-01 81 days 1,855 sqft
2018-06-01 87 days 1,863 sqft
2018-07-01 91 days 1,871 sqft
2018-08-01 92 days 1,872 sqft
2018-09-01 88 days 1,859 sqft
2018-10-01 84 days 1,860 sqft
2018-11-01 76 days 1,846 sqft
2018-12-01 74 days 1,828 sqft
2019-01-01 80 days 1,822 sqft
2019-02-01 80 days 1,829 sqft
2019-03-01 77 days 1,830 sqft
2019-04-01 80 days 1,830 sqft
2019-05-01 86 days 1,836 sqft
2019-06-01 91 days 1,842 sqft
2019-07-01 93 days 1,847 sqft
2019-08-01 92 days 1,840 sqft
2019-09-01 88 days 1,830 sqft
2019-10-01 82 days 1,844 sqft
2019-11-01 74 days 1,846 sqft
2019-12-01 76 days 1,845 sqft
2020-01-01 79 days 1,846 sqft
2020-02-01 75 days 1,855 sqft
2020-03-01 67 days 1,848 sqft
2020-04-01 76 days 1,820 sqft
2020-05-01 90 days 1,816 sqft
2020-06-01 100 days 1,812 sqft
2020-07-01 97 days 1,824 sqft
2020-08-01 72 days 1,814 sqft
2020-09-01 65 days 1,814 sqft
2020-10-01 61 days 1,804 sqft
2020-11-01 62 days 1,782 sqft
2020-12-01 64 days 1,769 sqft
2021-01-01 67 days 1,773 sqft
2021-02-01 61 days 1,754 sqft
2021-03-01 49 days 1,780 sqft
2021-04-01 42 days 1,762 sqft
2021-05-01 41 days 1,758 sqft
2021-06-01 38 days 1,760 sqft
2021-07-01 38 days 1,747 sqft
2021-08-01 38 days 1,770 sqft
2021-09-01 39 days 1,764 sqft
2021-10-01 41 days 1,779 sqft
2021-11-01 41 days 1,811 sqft
2021-12-01 44 days 1,768 sqft
2022-01-01 48 days 1,797 sqft
2022-02-01 34 days 1,791 sqft
2022-03-01 33 days 1,810 sqft
2022-04-01 28 days 1,825 sqft
North Port's median listing age (time on market) for 2022-04-01 was 28 days. This is -33% shorter than the same period one year ago.

North Port's median square footage for active listings during the 2022-04-01 period was 1,825 sqft. One year prior, the average listing was 1,762 sqft.