Bridgeport VA Loans

BRIDGEPORT-STAMFORD-NORWALK, CT

A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

For additional benefits of VA loans, click here.

Bridgeport's 84 lenders originated 745 VA loans during 2021. The total origination value was $337,415,000, with an average VA loan value of $452,906.

Bridgeport VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Bridgeport averaged 5.63% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

The average rate for the prior week (2022-05-06) was 5.56% and one month ago for the week of 2022-04-08, the average rate was 5.09%.

The average rate one year ago was 3%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.44%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Bridgeport VA Loan Lenders by Rates & Fees

The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bridgeport level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Mortgage Research Center, LLC 82 2.78% $8,219
QUICKEN LOANS, LLC 81 2.45% $10,198
NAVY FEDERAL CREDIT UNION 51 2.44% $8,363
LOANDEPOT.COM, LLC 47 2.44% $8,689
FREEDOM MORTGAGE CORPORATION 35 2.39% $3,552
USAA Federal Savings Bank 34 2.86% $7,530
PENNYMAC LOAN SERVICES, LLC 26 2.35% $7,202
TOTAL MORTGAGE SERVICES, LLC 16 3.05% $14,105
CROSSCOUNTRY MORTGAGE, LLC 15 2.60% $8,415
NEW DAY FINANCIAL, LLC 14 2.80% $13,008
The Federal Savings Bank 14 2.47% $8,962
GUARANTEED RATE, INC. 14 2.63% $8,559
LAKEVIEW LOAN SERVICING, LLC 14 2.46% $2,894
Mr. Cooper ( Nationstar Mortgage ) 12 2.75% $4,898
HOME POINT FINANCIAL CORPORATION 11 2.42% $7,042
NEWREZ LLC 11 2.61% $7,217
HOMEBRIDGE FINANCIAL SERVICES, INC. 9 2.71% $8,629
UNITED WHOLESALE MORTGAGE, LLC 9 2.71% $7,844
Wells Fargo Bank 8 2.44% $8,772
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 2.93% $13,172
Citizens Bank 7 2.57% $13,305
CALIBER HOME LOANS, INC. 6 2.73% $11,894
GUARANTEED RATE AFFINITY, LLC 6 2.85% $5,810
Carrington Mortgage Services, LLC 5 2.73% $11,121
PENTAGON FEDERAL CREDIT UNION 5 2.43% $6,284
ACCELERATE MORTGAGE, LLC 5 2.55% $7,398
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 3.19% $6,779
AMERICAN FINANCIAL NETWORK, INC. 4 2.88% $33,931
PLANET HOME LENDING, LLC 4 2.53% $3,302
Barrington Bank & Trust Company, N.A. 3 2.83% $7,748
VILLAGE CAPITAL & INVESTMENT LLC 3 2.63% $3,325
KS StateBank 3 2.75% $9,966
North American Savings Bank, F.S.B. 3 2.25% $11,552
MUTUAL OF OMAHA MORTGAGE, INC. 3 3.04% $12,964
ENVOY MORTGAGE, LTD 2 2.56% $6,503
InterContinental Capital Group, Inc 2 3.31% $5,139
Lakeview Community Capital, LLC 2 2.50% $1,739
FIRST WORLD MORTGAGE CORPORATION 2 3.31% $21,139
Goldwater Bank, N.A. 2 2.50% $6,578
First Home Bank 2 2.44% $2,502
First Guaranty Mortgage Corporation 2 2.31% $4,746
EQUITY RESOURCES, INC. 2 2.50% $4,952
Magnolia Bank 2 2.81% $34,569
Manufacturers and Traders Trust Company 2 2.38% $33,366
MOVEMENT MORTGAGE, LLC 2 2.75% $29,524
OCEANSIDE MORTGAGE COMPANY 2 2.49% $750
Paramount Residential Mortgage Group, Inc. 2 2.88% $7,245
Prosperity Home Mortgage, LLC 2 2.56% $8,241
Texana Bank 2 2.25% $8,885
AMERISAVE MORTGAGE CORPORATION 2 2.63% $13,680
Nations Lending Corporation 1 2.25% $2,741
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.25% $5,034
NBKC BANK 1 2.25% $14,739
BROKER SOLUTIONS, INC. 1 2.75% $4,212
BNC National Bank 1 2.38% $4,977
Home Loan Investment Bank, F.S.B. 1 2.75% $10,218
NP, Inc. 1 2.25% $5,136
U.S. Bank 1 2.63% $17,295
GENEVA FINANCIAL, LLC 1 3.00% $3,869
PARKSIDE LENDING, LLC 1 2.38% $11,362
BAY EQUITY LLC 1 2.50% $5,128
GREENWAY MORTGAGE FUNDING CORP. 1 2.88% $11,561
ZILLOW HOME LOANS, LLC 1 2.63% $19,227
Bank of England 1 2.25% $255
AMERICAN FINANCING CORPORATION 1 2.25% $1,432
PROVINCE MORTGAGE ASSOCIATES, INC. 1 3.25% $4,926
Atlantic Home Loans, Inc. 1 2.25% $3,183
SOVEREIGN LENDING GROUP INCORPORATED 1 2.50% $2,681
Strong Home Mortgage, LLC 1 2.50% $41,651
Sunflower Bank 1 2.38% $5,630
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $3,166
Wyndham Capital Mortgage, Inc. 1 2.63% $15,739
The Central Trust Bank 1 2.25% $3,175
Assurance Financial Group, L.L.C. 1 2.63% $9,307
TIAA, FSB 1 2.25% $6,949
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.88% $16,116
CONTOUR MORTGAGE CORPORATION 1 2.75% $16,996
UNITED NORTHERN MORTGAGE BANKERS LIMITED 1 2.63% $4,296
Flagstar Bank, FSB 1 4.13% $41,755
Mortgage Network, Inc. 1 2.88% $0
CMG MORTGAGE, INC. 1 2.25% $16,911
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.25% $3,434
Citibank 1 2.88% $14,349
EMBRACE HOME LOANS, INC. 1 2.75% $32,538

The top Bridgeport VA lender as defined by loan originations is Mortgage Research Center, LLC, with 82 VA loans originated. Their average total fees are $8,219, which is $1,979 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Bridgeport VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,894), FREEDOM MORTGAGE CORPORATION ($3,552), Mr. Cooper ( Nationstar Mortgage ) ($4,898), HOME POINT FINANCIAL CORPORATION ($7,042) and PENNYMAC LOAN SERVICES, LLC ($7,202).

The lowest rate Bridgeport VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (2.35%), FREEDOM MORTGAGE CORPORATION (2.39%), HOME POINT FINANCIAL CORPORATION (2.42%), LOANDEPOT.COM, LLC (2.44%) and NAVY FEDERAL CREDIT UNION (2.44%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Bridgeport (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 $734,000 (-1.3%) $1,413,882 (-8.9%) 2.70 5,657
2018-02-01 $775,000 (-2.5%) $1,439,440 (-8.9%) 2.80 6,197
2018-03-01 $795,000 (-4.7%) $1,424,498 (-11.1%) 2.75 7,034
2018-04-01 $787,000 (-5.8%) $1,394,617 (-12.3%) 2.64 7,910
2018-05-01 $791,500 (-4.9%) $1,381,268 (-11.6%) 2.64 8,659
2018-06-01 $782,500 (-5.2%) $1,363,113 (-12.0%) 2.61 9,009
2018-07-01 $762,500 (-4.6%) $1,384,964 (-9.3%) 2.54 8,817
2018-08-01 $733,000 (1.2%) $1,346,321 (-4.8%) 2.45 8,492
2018-09-01 $748,000 (0.1%) $1,355,960 (-5.3%) 2.50 8,497
2018-10-01 $749,000 (0.0%) $1,373,907 (-2.1%) 2.51 8,463
2018-11-01 $746,200 (1.0%) $1,399,205 (-0.7%) 2.50 7,927
2018-12-01 $735,000 (0.8%) $1,423,017 (1.6%) 2.52 6,860
2019-01-01 $727,000 (-1.0%) $1,405,192 (-0.6%) 2.51 6,202
2019-02-01 $739,000 (-4.7%) $1,390,363 (-3.4%) 2.48 6,731
2019-03-01 $747,100 (-6.0%) $1,384,915 (-2.8%) 2.43 7,311
2019-04-01 $754,450 (-4.1%) $1,387,142 (-0.5%) 2.38 7,881
2019-05-01 $749,950 (-5.3%) $1,379,041 (-0.2%) 2.31 8,666
2019-06-01 $739,000 (-5.6%) $1,361,950 (-0.1%) 2.27 8,926
2019-07-01 $722,500 (-5.3%) $1,342,140 (-3.1%) 2.25 8,651
2019-08-01 $710,429 (-3.1%) $1,332,756 (-1.0%) 2.24 8,239
2019-09-01 $699,000 (-6.6%) $1,333,188 (-1.7%) 2.22 7,978
2019-10-01 $699,000 (-6.7%) $1,343,036 (-2.3%) 2.23 7,863
2019-11-01 $699,000 (-6.3%) $1,327,419 (-5.1%) 2.26 7,194
2019-12-01 $699,000 (-4.9%) $1,345,851 (-5.4%) 2.33 5,943
2020-01-01 $699,250 (-3.8%) $1,363,952 (-2.9%) 2.33 5,240
2020-02-01 $700,000 (-5.3%) $1,338,569 (-3.7%) 2.26 5,753
2020-03-01 $704,450 (-5.7%) $1,323,271 (-4.5%) 2.20 6,346
2020-04-01 $721,500 (-4.4%) $1,365,719 (-1.5%) 2.25 5,813
2020-05-01 $749,000 (-0.1%) $1,419,776 (3.0%) 2.27 5,790
2020-06-01 $739,000 (0.0%) $1,409,557 (3.5%) 2.16 6,540
2020-07-01 $724,950 (0.3%) $1,404,554 (4.7%) 2.08 6,608
2020-08-01 $699,000 (-1.6%) $1,406,741 (5.6%) 2.00 6,277
2020-09-01 $699,500 (0.1%) $1,428,762 (7.2%) 2.00 5,933
2020-10-01 $699,900 (0.1%) $1,455,197 (8.4%) 2.00 5,768
2020-11-01 $697,500 (-0.2%) $1,479,626 (11.5%) 2.00 5,092
2020-12-01 $699,000 (0.0%) $1,534,280 (14.0%) 2.05 4,227
2021-01-01 $699,900 (0.1%) $1,580,939 (15.9%) 2.06 3,466
2021-02-01 $729,450 (4.2%) $1,624,631 (21.4%) 2.10 3,355
2021-03-01 $727,000 (3.2%) $1,579,281 (19.4%) 2.04 3,562
2021-04-01 $725,000 (0.5%) $1,575,066 (15.3%) 1.95 3,772
2021-05-01 $739,000 (-1.3%) $1,577,553 (11.1%) 1.95 4,222
2021-06-01 $947,000 (28.2%) $1,973,447 (40.0%) 2.46 2,991
2021-07-01 $907,000 (25.1%) $1,927,178 (37.2%) 2.36 3,098
2021-08-01 $819,500 (17.2%) $1,827,928 (29.9%) 2.15 3,033
2021-09-01 $829,000 (18.5%) $1,823,736 (27.6%) 2.18 2,898
2021-10-01 $839,000 (19.9%) $1,878,659 (29.1%) 2.21 2,695
2021-11-01 $889,500 (27.5%) $1,966,940 (32.9%) 2.34 2,263
2021-12-01 $895,000 (28.0%) $2,051,361 (33.7%) 2.39 1,824
2022-01-01 $969,000 (38.5%) $2,283,846 (44.5%) 2.58 1,486
2022-02-01 $1,200,000 (64.5%) $2,554,254 (57.2%) 3.06 1,398
2022-03-01 $1,197,000 (64.7%) $2,508,335 (58.8%) 2.96 1,407
2022-04-01 $1,050,000 (44.8%) $2,402,408 (52.5%) 2.47 1,518
Bridgeport's median listing price for 2022-04-01 was $1,050,000, a difference of $325,000 (44.8%) versus the prior year and $-147,000 versus the prior month.

Bridgeport's median listing price comes in at 247% of the national average.

Bridgeport's average listing price for 2022-04-01 was $2,402,408, a difference of $827,342 (52.5%) versus the prior year and $-105,927 versus the prior month.

For the 2022-04-01 period, Bridgeport had 1,518 MLS listings, a difference of 111 listings (8%) versus the prior month and -2,254 listings (-60%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Bridgeport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 113 days 2,654 sqft
2018-02-01 104 days 2,717 sqft
2018-03-01 62 days 2,745 sqft
2018-04-01 60 days 2,728 sqft
2018-05-01 59 days 2,719 sqft
2018-06-01 63 days 2,689 sqft
2018-07-01 74 days 2,669 sqft
2018-08-01 87 days 2,614 sqft
2018-09-01 99 days 2,610 sqft
2018-10-01 100 days 2,646 sqft
2018-11-01 102 days 2,659 sqft
2018-12-01 106 days 2,662 sqft
2019-01-01 117 days 2,629 sqft
2019-02-01 112 days 2,658 sqft
2019-03-01 67 days 2,681 sqft
2019-04-01 60 days 2,714 sqft
2019-05-01 59 days 2,843 sqft
2019-06-01 65 days 2,927 sqft
2019-07-01 75 days 2,890 sqft
2019-08-01 91 days 2,849 sqft
2019-09-01 95 days 2,833 sqft
2019-10-01 94 days 2,848 sqft
2019-11-01 93 days 2,830 sqft
2019-12-01 103 days 2,797 sqft
2020-01-01 114 days 2,767 sqft
2020-02-01 102 days 2,786 sqft
2020-03-01 59 days 2,824 sqft
2020-04-01 68 days 2,830 sqft
2020-05-01 78 days 2,887 sqft
2020-06-01 60 days 2,878 sqft
2020-07-01 49 days 2,808 sqft
2020-08-01 53 days 2,677 sqft
2020-09-01 54 days 2,660 sqft
2020-10-01 50 days 2,650 sqft
2020-11-01 58 days 2,589 sqft
2020-12-01 66 days 2,530 sqft
2021-01-01 77 days 2,513 sqft
2021-02-01 65 days 2,556 sqft
2021-03-01 43 days 2,498 sqft
2021-04-01 35 days 2,490 sqft
2021-05-01 35 days 2,504 sqft
2021-06-01 37 days 2,828 sqft
2021-07-01 43 days 2,781 sqft
2021-08-01 51 days 2,394 sqft
2021-09-01 58 days 2,394 sqft
2021-10-01 60 days 2,381 sqft
2021-11-01 64 days 2,331 sqft
2021-12-01 77 days 2,246 sqft
2022-01-01 87 days 2,364 sqft
2022-02-01 66 days 2,474 sqft
2022-03-01 39 days 2,463 sqft
2022-04-01 29 days 2,456 sqft
Bridgeport's median listing age (time on market) for 2022-04-01 was 29 days. This is -17% shorter than the same period one year ago.

Bridgeport's median square footage for active listings during the 2022-04-01 period was 2,456 sqft. One year prior, the average listing was 2,490 sqft.

VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.