North Port USDA Loan Rates, Closing Costs & Stats

North Port-Sarasota-Bradenton, FL

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    • 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 6.36% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

    North Port's average USDA mortgage closing costs are $7,254.

    The average rate for the prior week (2023-05-19) was 6% and one month ago for the week of 2023-04-21, the average rate was 5.71%.

    The average rate one year ago was 4.83%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.04%.

    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 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 $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%) 1.18 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 $350,000 (-0.3%) $592,429 (1.3%) 1.17 9,212
    2019-04-01 $360,937 (3.1%) $605,378 (3.6%) 1.15 8,704
    2019-05-01 $364,614 (2.1%) $610,497 (3.0%) 1.14 7,985
    2019-06-01 $369,250 (2.6%) $616,789 (2.8%) 1.15 7,430
    2019-07-01 $369,000 (1.2%) $617,389 (1.2%) 1.16 6,948
    2019-08-01 $369,900 (2.9%) $616,720 (1.0%) 1.16 6,612
    2019-09-01 $367,496 (5.0%) $613,480 (3.9%) 1.16 6,001
    2019-10-01 $363,633 (2.5%) $610,079 (2.4%) 1.17 6,575
    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%) $635,966 (6.8%) 1.24 7,066
    2020-02-01 $371,178 (5.4%) $648,253 (8.7%) 1.22 7,267
    2020-03-01 $371,250 (6.1%) $642,165 (8.4%) 1.16 7,363
    2020-04-01 $357,200 (-1.0%) $616,814 (1.9%) 1.12 7,078
    2020-05-01 $359,300 (-1.5%) $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 (0.6%) $659,178 (6.9%) 1.07 4,846
    2020-09-01 $374,950 (2.0%) $672,728 (9.7%) 1.07 4,479
    2020-10-01 $375,000 (3.1%) $687,924 (12.8%) 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 $382,199 (3.3%) $752,068 (18.3%) 1.14 3,103
    2021-02-01 $393,714 (6.1%) $819,134 (26.4%) 1.14 2,236
    2021-03-01 $415,000 (11.8%) $830,742 (29.4%) 1.18 1,725
    2021-04-01 $422,045 (18.2%) $854,438 (38.5%) 1.14 1,518
    2021-05-01 $425,000 (18.3%) $881,351 (41.3%) 1.13 1,415
    2021-06-01 $445,841 (22.2%) $916,686 (40.7%) 1.17 1,395
    2021-07-01 $455,000 (23.0%) $930,294 (40.8%) 1.20 1,495
    2021-08-01 $464,431 (24.9%) $945,272 (43.4%) 1.24 1,557
    2021-09-01 $476,678 (27.1%) $945,157 (40.5%) 1.27 1,609
    2021-10-01 $496,138 (32.3%) $988,653 (43.7%) 1.32 1,575
    2021-11-01 $507,500 (35.3%) $1,032,255 (47.4%) 1.36 1,480
    2021-12-01 $512,450 (35.2%) $1,085,201 (52.6%) 1.39 1,392
    2022-01-01 $534,680 (39.9%) $1,195,050 (58.9%) 1.45 1,142
    2022-02-01 $556,706 (41.4%) $1,254,482 (53.2%) 1.45 1,108
    2022-03-01 $575,248 (38.6%) $1,268,277 (52.7%) 1.44 1,224
    2022-04-01 $595,990 (41.2%) $1,255,000 (46.9%) 1.42 1,522
    2022-05-01 $599,450 (41.1%) $1,185,750 (34.5%) 1.37 2,014
    2022-06-01 $599,000 (34.4%) $1,153,859 (25.9%) 1.33 2,643
    2022-07-01 $584,990 (28.6%) $1,065,617 (14.6%) 1.32 3,348
    2022-08-01 $556,300 (19.8%) $1,006,450 (6.5%) 1.28 3,601
    2022-09-01 $548,500 (15.1%) $965,532 (2.2%) 1.28 3,578
    2022-10-01 $539,900 (8.8%) $961,004 (-2.8%) 1.27 3,466
    2022-11-01 $527,313 (3.9%) $965,674 (-6.5%) 1.27 3,822
    2022-12-01 $525,000 (2.5%) $991,293 (-8.7%) 1.30 3,885
    2023-01-01 $539,950 (1.0%) $1,040,522 (-12.9%) 1.34 4,101
    2023-02-01 $539,474 (-3.1%) $1,063,513 (-15.2%) 1.30 4,370
    2023-03-01 $547,450 (-4.8%) $1,078,942 (-14.9%) 1.29 4,597
    2023-04-01 $549,900 (-7.7%) $1,070,954 (-14.7%) 1.28 4,700
    North Port's median listing price for 2023-04-01 was $549,900, a difference of $-46,090 (-7.7%) versus the prior year and $2,450 versus the prior month.

    North Port's median listing price comes in at 128% of the national average.

    North Port's average listing price for 2023-04-01 was $1,070,954, a difference of $-184,046 (-14.7%) versus the prior year and $-7,988 versus the prior month.

    For the 2023-04-01 period, North Port had 4,700 MLS listings, a difference of 103 listings (2%) versus the prior month and 3,178 listings (209%) 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 1,857 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 1,882 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 78 days 1,835 sqft
    2019-04-01 82 days 1,838 sqft
    2019-05-01 88 days 1,840 sqft
    2019-06-01 93 days 1,849 sqft
    2019-07-01 93 days 1,856 sqft
    2019-08-01 98 days 1,856 sqft
    2019-09-01 95 days 1,852 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 74 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 1,773 sqft
    2021-04-01 39 days 1,766 sqft
    2021-05-01 38 days 1,752 sqft
    2021-06-01 36 days 1,758 sqft
    2021-07-01 36 days 1,759 sqft
    2021-08-01 37 days 1,784 sqft
    2021-09-01 38 days 1,769 sqft
    2021-10-01 38 days 1,791 sqft
    2021-11-01 41 days 1,811 sqft
    2021-12-01 61 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 1,815 sqft
    2022-04-01 26 days 1,831 sqft
    2022-05-01 28 days 1,836 sqft
    2022-06-01 30 days 1,848 sqft
    2022-07-01 35 days 1,839 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
    2022-12-01 56 days 1,768 sqft
    2023-01-01 61 days 1,783 sqft
    2023-02-01 50 days 1,789 sqft
    2023-03-01 48 days 1,808 sqft
    2023-04-01 51 days 1,786 sqft
    North Port's median listing age (time on market) for 2023-04-01 was 51 days. This is 96% longer than the same period one year ago.

    North Port's median square footage for active listings during the 2023-04-01 period was 1,786 sqft. One year prior, the average listing was 1,831 sqft.