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 15 lenders originated 21 USDA loans during 2022. The total origination value was $6,195,000, with an average USDA loan value of $295,000.
North Port USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in North Port
averaged
6.53%
for the week of 2023-12-01, compared to the national average (all USDA variants) of
6.997% for the same period.
North Port's average USDA mortgage closing costs are $7,254.
The average rate for the prior week (2023-11-24) was
6.53% and
one month ago for the week of 2023-10-27, the
average rate was 6.88%.
The average rate one year ago was 6%.
For refis of the same type during the week of 2023-12-01, the average rate
was 5.51%.
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 | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| HOME POINT FINANCIAL CORPORATION | 4 | 4.06% | $11,685 |
| HOME SOLUTION LENDERS INC. | 3 | 3.29% | $7,938 |
| Flagstar Bank, FSB | 2 | 2.82% | $8,513 |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | 1 | 3.25% | $8,549 |
| KBHS HOME LOANS, LLC | 1 | 3.63% | $15,090 |
| MLB RESIDENTIAL LENDING, LLC | 1 | 2.88% | $3,114 |
| NEAL COMMUNITIES FUNDING, LLC | 1 | 2.75% | $8,127 |
| NEWREZ LLC | 1 | 6.75% | $6,945 |
| PARK SQUARE HOME MORTGAGE, LLC | 1 | 3.99% | $18,546 |
| PNC Bank | 1 | 3.75% | $6,204 |
| PULTE MORTGAGE LLC | 1 | 3.63% | $5,612 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 5.25% | $8,071 |
| THE MORTGAGE FIRM, INC. | 1 | 3.88% | $13,501 |
| DEVELOPER'S MORTGAGE COMPANY | 1 | 4.00% | $20,574 |
| FAIRWAY FUNDING GROUP, INC. | 1 | 4.63% | $11,483 |
The top North Port USDA lender as defined by loan originations is HOME POINT FINANCIAL CORPORATION, with
4 USDA loans originated. Their average total fees are
$11,685, which is $3,747
higher than the next largest lender,
HOME SOLUTION LENDERS INC..
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 | $354,792 (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 (0.7%) | $599,898 (2.6%) | 1.16 | 9,051 |
| 2019-04-01 | $361,217 (3.2%) | $605,420 (3.6%) | 1.15 | 8,702 |
| 2019-05-01 | $364,557 (2.1%) | $610,474 (3.0%) | 1.14 | 7,985 |
| 2019-06-01 | $369,250 (2.6%) | $616,789 (2.8%) | 1.15 | 7,430 |
| 2019-07-01 | $369,125 (1.2%) | $617,358 (1.2%) | 1.16 | 6,948 |
| 2019-08-01 | $367,181 (2.1%) | $615,781 (0.9%) | 1.16 | 6,707 |
| 2019-09-01 | $364,452 (4.1%) | $610,869 (3.4%) | 1.17 | 6,611 |
| 2019-10-01 | $363,918 (2.6%) | $610,598 (2.5%) | 1.17 | 6,580 |
| 2019-11-01 | $369,000 (5.4%) | $621,084 (3.7%) | 1.21 | 6,858 |
| 2019-12-01 | $370,925 (6.0%) | $631,504 (5.6%) | 1.24 | 6,893 |
| 2020-01-01 | $369,995 (5.7%) | $635,907 (6.8%) | 1.24 | 7,066 |
| 2020-02-01 | $371,178 (5.4%) | $648,236 (8.7%) | 1.22 | 7,267 |
| 2020-03-01 | $371,250 (4.8%) | $642,146 (7.0%) | 1.16 | 7,363 |
| 2020-04-01 | $357,323 (-1.1%) | $616,891 (1.9%) | 1.12 | 7,078 |
| 2020-05-01 | $359,300 (-1.4%) | $623,665 (2.2%) | 1.09 | 6,499 |
| 2020-06-01 | $365,000 (-1.2%) | $651,404 (5.6%) | 1.08 | 5,762 |
| 2020-07-01 | $369,824 (0.2%) | $660,814 (7.0%) | 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 (3.1%) | $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 (18.2%) | 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 | $422,020 (18.1%) | $854,099 (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%) | $1,185,313 (34.5%) | 1.37 | 2,014 |
| 2022-06-01 | $599,450 (34.9%) | $1,149,670 (25.6%) | 1.34 | 2,642 |
| 2022-07-01 | $579,000 (27.3%) | $1,060,492 (14.0%) | 1.30 | 3,348 |
| 2022-08-01 | $555,000 (19.6%) | $1,002,851 (6.2%) | 1.28 | 3,600 |
| 2022-09-01 | $548,354 (15.0%) | $964,235 (2.1%) | 1.28 | 3,578 |
| 2022-10-01 | $539,500 (8.4%) | $960,047 (-2.8%) | 1.27 | 3,466 |
| 2022-11-01 | $525,904 (3.6%) | $961,751 (-6.6%) | 1.26 | 3,823 |
| 2022-12-01 | $525,000 (2.5%) | $987,555 (-9.0%) | 1.30 | 3,886 |
| 2023-01-01 | $539,715 (0.9%) | $1,037,798 (-13.0%) | 1.34 | 4,100 |
| 2023-02-01 | $538,173 (-3.3%) | $1,059,981 (-15.4%) | 1.30 | 4,369 |
| 2023-03-01 | $546,500 (-5.2%) | $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%) | $1,072,465 (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 (-4.3%) | $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 |
North Port's median listing price comes in at 125% of the national average.
North Port's average listing price for 2023-11-01 was $963,764, a difference of $2,013 (0.2%) versus the prior year and $-33,371 versus the prior month.
For the 2023-11-01 period, North Port had 6,214 MLS listings, a difference of 739 listings (13%) versus the prior month and 2,391 listings (63%) 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 | 1,847 sqft |
| 2018-02-01 | 66 days | 1,857 sqft |
| 2018-03-01 | 60 days | 1,858 sqft |
| 2018-04-01 | 70 days | 1,857 sqft |
| 2018-05-01 | 75 days | 1,863 sqft |
| 2018-06-01 | 80 days | 1,873 sqft |
| 2018-07-01 | 82 days | 1,882 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 | 80 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 | 1,775 sqft |
| 2021-02-01 | 53 days | 1,754 sqft |
| 2021-03-01 | 43 days | 1,780 sqft |
| 2021-04-01 | 37 days | 1,771 sqft |
| 2021-05-01 | 37 days | 1,751 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 | 1,810 sqft |
| 2022-12-01 | 55 days | 1,775 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 | 1,782 sqft |
| 2023-05-01 | 53 days | 1,803 sqft |
| 2023-06-01 | 58 days | 1,805 sqft |
| 2023-07-01 | 60 days | 1,816 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 |
North Port's median square footage for active listings during the 2023-11-01 period was 1,739 sqft. One year prior, the average listing was 1,810 sqft.