Bridgeport VA Loan Rates, Closing Costs & Stats

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 not 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 6.47% for the week of 2022-12-02, compared to the national average (all VA variants) of 6.292% for the same period.

Bridgeport's average VA mortgage closing costs are $8,157.

The average rate for the prior week (2022-11-25) was 6.71% and one month ago for the week of 2022-10-28, the average rate was 7.09%.

The average rate one year ago was 3.47%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.18%.

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/closing costs 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. Closing Costs
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 MORTGAGE 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
MOVEMENT MORTGAGE, LLC 2 2.75% $29,524
M&T Bank 2 2.38% $33,366
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
Mortgage Network, Inc. 1 2.88% $0
CMG MORTGAGE, INC. 1 2.25% $16,911
Flagstar Bank, FSB 1 4.13% $41,755
Citibank 1 2.88% $14,349
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.25% $3,434
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 $699,500 (5.4%) $1,349,864 (-5.6%) 2.59 4,142
2018-02-01 $749,450 (5.3%) $1,388,677 (-4.9%) 2.72 4,424
2018-03-01 $779,000 (5.0%) $1,385,274 (-6.1%) 2.73 4,889
2018-04-01 $784,000 (4.7%) $1,376,353 (-6.2%) 2.66 5,456
2018-05-01 $792,125 (5.8%) $1,374,050 (-5.0%) 2.65 5,915
2018-06-01 $769,498 (2.7%) $1,345,218 (-6.7%) 2.57 6,266
2018-07-01 $748,900 (1.9%) $1,349,480 (-4.5%) 2.50 6,176
2018-08-01 $724,725 (3.5%) $1,327,277 (-3.6%) 2.43 5,984
2018-09-01 $725,000 (1.4%) $1,333,746 (-3.2%) 2.43 6,021
2018-10-01 $725,000 (0.9%) $1,338,247 (0.5%) 2.45 5,930
2018-11-01 $712,000 (1.8%) $1,350,522 (1.5%) 2.41 5,581
2018-12-01 $699,900 (0.1%) $1,380,555 (3.2%) 2.41 4,877
2019-01-01 $699,000 (-0.1%) $1,380,842 (2.3%) 2.41 4,403
2019-02-01 $729,450 (-2.7%) $1,387,117 (-0.1%) 2.46 4,655
2019-03-01 $746,714 (-4.1%) $1,389,262 (0.3%) 2.44 5,026
2019-04-01 $749,500 (-4.4%) $1,396,456 (1.5%) 2.38 5,402
2019-05-01 $749,450 (-5.4%) $1,378,618 (0.3%) 2.34 5,949
2019-06-01 $725,000 (-5.8%) $1,369,181 (1.8%) 2.27 6,220
2019-07-01 $704,450 (-5.9%) $1,338,492 (-0.8%) 2.21 6,128
2019-08-01 $695,182 (-4.1%) $1,327,864 (0.0%) 2.20 5,994
2019-09-01 $689,455 (-4.9%) $1,320,526 (-1.0%) 2.21 5,874
2019-10-01 $690,136 (-4.8%) $1,319,929 (-1.4%) 2.23 5,735
2019-11-01 $689,000 (-3.2%) $1,315,563 (-2.6%) 2.26 5,183
2019-12-01 $687,000 (-1.8%) $1,331,533 (-3.6%) 2.29 4,322
2020-01-01 $684,000 (-2.2%) $1,335,787 (-3.3%) 2.29 3,826
2020-02-01 $709,000 (-2.8%) $1,344,865 (-3.1%) 2.32 4,021
2020-03-01 $724,725 (-2.9%) $1,350,628 (-2.8%) 2.27 4,311
2020-04-01 $717,000 (-4.3%) $1,370,752 (-1.8%) 2.24 4,058
2020-05-01 $746,000 (-0.5%) $1,440,153 (4.5%) 2.27 3,991
2020-06-01 $799,425 (10.3%) $1,545,698 (12.9%) 2.35 3,992
2020-07-01 $807,000 (14.6%) $1,602,728 (19.7%) 2.34 3,876
2020-08-01 $799,000 (14.9%) $1,637,963 (23.4%) 2.29 3,633
2020-09-01 $799,000 (15.9%) $1,654,134 (25.3%) 2.29 3,432
2020-10-01 $797,000 (15.5%) $1,665,898 (26.2%) 2.28 3,345
2020-11-01 $772,500 (12.1%) $1,673,216 (27.2%) 2.26 2,941
2020-12-01 $795,000 (15.7%) $1,714,470 (28.8%) 2.36 2,546
2021-01-01 $809,950 (18.4%) $1,794,722 (34.4%) 2.42 2,103
2021-02-01 $869,500 (22.6%) $1,898,180 (41.1%) 2.53 1,871
2021-03-01 $856,375 (18.2%) $1,877,667 (39.0%) 2.43 1,895
2021-04-01 $837,000 (16.7%) $1,891,648 (38.0%) 2.27 2,042
2021-05-01 $871,500 (16.8%) $1,889,594 (31.2%) 2.31 2,262
2021-06-01 $828,500 (3.6%) $1,796,337 (16.2%) 2.18 2,482
2021-07-01 $750,000 (-7.1%) $1,656,580 (3.4%) 1.97 2,675
2021-08-01 $699,450 (-12.5%) $1,593,787 (-2.7%) 1.87 2,607
2021-09-01 $699,900 (-12.4%) $1,597,125 (-3.5%) 1.87 2,463
2021-10-01 $699,000 (-12.3%) $1,630,827 (-2.1%) 1.86 2,306
2021-11-01 $751,750 (-2.7%) $1,737,647 (3.9%) 2.01 1,919
2021-12-01 $744,500 (-6.4%) $1,800,551 (5.0%) 2.02 1,552
2022-01-01 $785,998 (-3.0%) $1,965,933 (9.5%) 2.12 1,256
2022-02-01 $865,749 (-0.4%) $2,261,492 (19.1%) 2.25 1,172
2022-03-01 $892,500 (4.2%) $2,239,500 (19.3%) 2.23 1,189
2022-04-01 $858,000 (2.5%) $2,153,346 (13.8%) 2.05 1,303
2022-05-01 $839,450 (-3.7%) $1,947,772 (3.1%) 1.92 1,701
2022-06-01 $832,000 (0.4%) $1,843,985 (2.7%) 1.85 1,928
2022-07-01 $821,950 (9.6%) $1,786,414 (7.8%) 1.86 2,101
2022-08-01 $804,725 (15.1%) $1,812,290 (13.7%) 1.86 1,985
2022-09-01 $777,500 (11.1%) $1,819,519 (13.9%) 1.82 1,971
2022-10-01 $799,000 (14.3%) $1,873,913 (14.9%) 1.88 1,930
2022-11-01 $802,175 (6.7%) $1,901,635 (9.4%) 1.93 1,733
Bridgeport's median listing price for 2022-11-01 was $802,175, a difference of $50,425 (6.7%) versus the prior year and $3,175 versus the prior month.

Bridgeport's median listing price comes in at 193% of the national average.

Bridgeport's average listing price for 2022-11-01 was $1,901,635, a difference of $163,988 (9.4%) versus the prior year and $27,722 versus the prior month.

For the 2022-11-01 period, Bridgeport had 1,733 MLS listings, a difference of -197 listings (-10%) versus the prior month and -186 listings (-10%) 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
2018-01-01 116 days 2,632 sqft
2018-02-01 107 days 2,718 sqft
2018-03-01 64 days 2,793 sqft
2018-04-01 60 days 2,796 sqft
2018-05-01 61 days 2,792 sqft
2018-06-01 66 days 2,736 sqft
2018-07-01 77 days 2,717 sqft
2018-08-01 90 days 2,680 sqft
2018-09-01 99 days 2,670 sqft
2018-10-01 100 days 2,699 sqft
2018-11-01 101 days 2,667 sqft
2018-12-01 105 days 2,666 sqft
2019-01-01 115 days 2,650 sqft
2019-02-01 108 days 2,716 sqft
2019-03-01 86 days 2,746 sqft
2019-04-01 60 days 2,794 sqft
2019-05-01 60 days 2,893 sqft
2019-06-01 67 days 2,995 sqft
2019-07-01 77 days 2,937 sqft
2019-08-01 86 days 2,912 sqft
2019-09-01 91 days 2,902 sqft
2019-10-01 96 days 2,898 sqft
2019-11-01 99 days 2,886 sqft
2019-12-01 105 days 2,837 sqft
2020-01-01 115 days 2,810 sqft
2020-02-01 106 days 2,849 sqft
2020-03-01 63 days 2,915 sqft
2020-04-01 74 days 2,885 sqft
2020-05-01 82 days 2,948 sqft
2020-06-01 63 days 3,057 sqft
2020-07-01 49 days 3,020 sqft
2020-08-01 53 days 2,938 sqft
2020-09-01 57 days 2,888 sqft
2020-10-01 53 days 2,829 sqft
2020-11-01 62 days 2,718 sqft
2020-12-01 73 days 2,636 sqft
2021-01-01 85 days 2,619 sqft
2021-02-01 74 days 2,712 sqft
2021-03-01 47 days 2,654 sqft
2021-04-01 35 days 2,662 sqft
2021-05-01 35 days 2,714 sqft
2021-06-01 36 days 2,599 sqft
2021-07-01 40 days 2,442 sqft
2021-08-01 49 days 2,186 sqft
2021-09-01 57 days 2,170 sqft
2021-10-01 57 days 2,158 sqft
2021-11-01 59 days 2,123 sqft
2021-12-01 74 days 2,074 sqft
2022-01-01 85 days 2,114 sqft
2022-02-01 58 days 2,309 sqft
2022-03-01 35 days 2,295 sqft
2022-04-01 24 days 2,258 sqft
2022-05-01 23 days 2,250 sqft
2022-06-01 30 days 2,312 sqft
2022-07-01 35 days 2,275 sqft
2022-08-01 47 days 2,427 sqft
2022-09-01 56 days 2,395 sqft
2022-10-01 58 days 2,437 sqft
2022-11-01 59 days 2,453 sqft
Bridgeport's median listing age (time on market) for 2022-11-01 was 59 days. This is 0% shorter than the same period one year ago.

Bridgeport's median square footage for active listings during the 2022-11-01 period was 2,453 sqft. One year prior, the average listing was 2,123 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.