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
-0.17%
for the week of 2024-11-15, compared to the national average (all USDA variants) of
0% for the same period.
North Port's average USDA mortgage closing costs are $7,345.
The average rate for the prior week (2024-11-08) was
6.08% and
one month ago for the week of 2024-10-11, the
average rate was 6.15%.
The average rate one year ago was 7.37%.
For refis of the same type during the week of 2024-11-15, the average rate
was 0.27%.
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 |
| 2024-04-01 | $499,950 (-8.9%) | $932,289 (-12.6%) | 1.16 | 8,515 |
| 2024-05-01 | $499,900 (-9.1%) | $934,742 (-13.7%) | 1.13 | 8,297 |
| 2024-06-01 | $499,900 (-9.1%) | $931,799 (-14.3%) | 1.12 | 8,132 |
| 2024-07-01 | $499,000 (-9.3%) | $908,780 (-15.3%) | 1.14 | 7,835 |
| 2024-08-01 | $485,000 (-10.2%) | $869,376 (-17.6%) | 1.13 | 7,370 |
| 2024-09-01 | $480,000 (-8.6%) | $856,102 (-15.7%) | 1.13 | 7,253 |
| 2024-10-01 | $474,224 (-9.8%) | $812,647 (-18.5%) | 1.12 | 7,095 |
North Port's median listing price comes in at 112% of the national average.
North Port's average listing price for 2024-10-01 was $812,647, a difference of $-184,488 (-18.5%) versus the prior year and $-43,455 versus the prior month.
For the 2024-10-01 period, North Port had 7,095 MLS listings, a difference of -158 listings (-2%) versus the prior month and 1,620 listings (30%) 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 |
| 2024-04-01 | 67 days | 1,715 sqft |
| 2024-05-01 | 70 days | 1,721 sqft |
| 2024-06-01 | 74 days | 1,737 sqft |
| 2024-07-01 | 82 days | 1,732 sqft |
| 2024-08-01 | 85 days | 1,728 sqft |
| 2024-09-01 | 86 days | 1,723 sqft |
| 2024-10-01 | 87 days | 1,726 sqft |
North Port's median square footage for active listings during the 2024-10-01 period was 1,726 sqft. One year prior, the average listing was 1,754 sqft.