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 50 lenders originated 225 VA loans during 2022. The total origination value was $117,845,000, with an average VA loan value of $523,756.
Bridgeport VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Bridgeport
averaged
5.77%
for the week of 2023-05-26, compared to the national average (all VA variants) of
6.408% for the same period.
Bridgeport's average VA mortgage closing costs are $8,717.
The average rate for the prior week (2023-05-19) was
5.7% and
one month ago for the week of 2023-04-21, the
average rate was 5.62%.
The average rate one year ago was 4.59%.
For refis of the same type during the week of 2023-05-26, the average rate
was 4.61%.
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.
The top Bridgeport VA lender as defined by loan originations is Mortgage Research Center, LLC, with
45 VA loans originated. Their average total fees are
$11,511, which is $5,099
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Bridgeport VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($11,511), USAA Federal Savings Bank ($13,452), PENNYMAC LOAN SERVICES, LLC ($15,413), QUICKEN LOANS, LLC ($16,611) and LOANDEPOT.COM, LLC ($17,892).
The lowest rate Bridgeport VA lenders (with over 10 loans originated) are
LOANDEPOT.COM, LLC (3.57%), PENNYMAC LOAN SERVICES, LLC (3.79%), QUICKEN LOANS, LLC (4.06%), USAA Federal Savings Bank (4.60%) and Mortgage Research Center, LLC (4.96%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Bridgeport (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 (5.4%) | $1,388,677 (-4.9%) | 2.73 | 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 (-6.1%) | 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%) | 2.44 | 6,021 |
2018-10-01 | $725,000 (0.9%) | $1,338,247 (0.5%) | 2.46 | 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 | $749,900 (-3.7%) | $1,396,191 (0.8%) | 2.50 | 4,928 |
2019-04-01 | $749,950 (-4.3%) | $1,401,451 (1.8%) | 2.38 | 5,402 |
2019-05-01 | $749,450 (-5.4%) | $1,379,164 (0.4%) | 2.34 | 5,942 |
2019-06-01 | $725,000 (-5.8%) | $1,369,988 (1.8%) | 2.27 | 6,214 |
2019-07-01 | $704,675 (-5.9%) | $1,339,235 (-0.8%) | 2.21 | 6,120 |
2019-08-01 | $699,900 (-3.4%) | $1,338,442 (0.8%) | 2.19 | 5,983 |
2019-09-01 | $699,950 (-3.5%) | $1,352,655 (1.4%) | 2.21 | 5,593 |
2019-10-01 | $691,625 (-4.6%) | $1,322,485 (-1.2%) | 2.23 | 5,726 |
2019-11-01 | $689,000 (-3.2%) | $1,316,809 (-2.5%) | 2.26 | 5,173 |
2019-12-01 | $687,000 (-1.8%) | $1,333,069 (-3.4%) | 2.29 | 4,312 |
2020-01-01 | $684,000 (-2.2%) | $1,337,444 (-3.1%) | 2.29 | 3,817 |
2020-02-01 | $709,000 (-2.8%) | $1,346,484 (-2.9%) | 2.32 | 4,012 |
2020-03-01 | $724,950 (-3.3%) | $1,352,156 (-3.2%) | 2.27 | 4,301 |
2020-04-01 | $718,000 (-4.3%) | $1,372,428 (-2.1%) | 2.25 | 4,048 |
2020-05-01 | $748,000 (-0.2%) | $1,441,678 (4.5%) | 2.27 | 3,982 |
2020-06-01 | $799,450 (10.3%) | $1,547,500 (13.0%) | 2.36 | 3,983 |
2020-07-01 | $808,500 (14.7%) | $1,604,979 (19.8%) | 2.34 | 3,867 |
2020-08-01 | $799,000 (14.2%) | $1,640,388 (22.6%) | 2.29 | 3,624 |
2020-09-01 | $799,000 (14.2%) | $1,656,796 (22.5%) | 2.29 | 3,423 |
2020-10-01 | $799,000 (15.5%) | $1,669,110 (26.2%) | 2.29 | 3,335 |
2020-11-01 | $775,000 (12.5%) | $1,676,719 (27.3%) | 2.27 | 2,931 |
2020-12-01 | $799,000 (16.3%) | $1,719,303 (29.0%) | 2.38 | 2,537 |
2021-01-01 | $819,000 (19.7%) | $1,801,028 (34.7%) | 2.44 | 2,094 |
2021-02-01 | $880,000 (24.1%) | $1,905,641 (41.5%) | 2.56 | 1,862 |
2021-03-01 | $868,250 (19.8%) | $1,884,860 (39.4%) | 2.46 | 1,886 |
2021-04-01 | $839,900 (17.0%) | $1,898,405 (38.3%) | 2.27 | 2,034 |
2021-05-01 | $875,000 (17.0%) | $1,897,261 (31.6%) | 2.32 | 2,256 |
2021-06-01 | $835,250 (4.5%) | $1,802,412 (16.5%) | 2.20 | 2,477 |
2021-07-01 | $750,000 (-7.2%) | $1,661,461 (3.5%) | 1.98 | 2,674 |
2021-08-01 | $699,450 (-12.5%) | $1,599,162 (-2.5%) | 1.87 | 2,605 |
2021-09-01 | $699,900 (-12.4%) | $1,602,451 (-3.3%) | 1.87 | 2,460 |
2021-10-01 | $699,000 (-12.5%) | $1,637,888 (-1.9%) | 1.86 | 2,300 |
2021-11-01 | $754,000 (-2.7%) | $1,746,698 (4.2%) | 2.02 | 1,912 |
2021-12-01 | $747,450 (-6.5%) | $1,810,480 (5.3%) | 2.03 | 1,544 |
2022-01-01 | $789,450 (-3.6%) | $1,977,672 (9.8%) | 2.13 | 1,248 |
2022-02-01 | $882,750 (0.3%) | $2,276,093 (19.4%) | 2.30 | 1,164 |
2022-03-01 | $899,000 (3.5%) | $2,254,087 (19.6%) | 2.25 | 1,181 |
2022-04-01 | $864,500 (2.9%) | $2,165,980 (14.1%) | 2.06 | 1,294 |
2022-05-01 | $844,500 (-3.5%) | $1,955,429 (3.1%) | 1.93 | 1,691 |
2022-06-01 | $840,750 (0.7%) | $1,850,312 (2.7%) | 1.87 | 1,918 |
2022-07-01 | $825,000 (10.0%) | $1,791,913 (7.9%) | 1.86 | 2,091 |
2022-08-01 | $808,363 (15.6%) | $1,818,265 (13.7%) | 1.87 | 1,975 |
2022-09-01 | $782,000 (11.7%) | $1,825,632 (13.9%) | 1.83 | 1,961 |
2022-10-01 | $799,000 (14.3%) | $1,880,252 (14.8%) | 1.88 | 1,920 |
2022-11-01 | $806,700 (7.0%) | $1,908,588 (9.3%) | 1.94 | 1,723 |
2022-12-01 | $799,700 (7.0%) | $1,954,578 (8.0%) | 1.97 | 1,407 |
2023-01-01 | $810,000 (2.6%) | $1,956,560 (-1.1%) | 2.00 | 1,237 |
2023-02-01 | $963,450 (9.1%) | $2,267,314 (-0.4%) | 2.32 | 1,181 |
2023-03-01 | $1,098,975 (22.2%) | $2,354,081 (4.4%) | 2.59 | 1,188 |
2023-04-01 | $1,159,000 (34.1%) | $2,369,541 (9.4%) | 2.70 | 1,210 |
Bridgeport's median listing price comes in at 270% of the national average.
Bridgeport's average listing price for 2023-04-01 was $2,369,541, a difference of $203,561 (9.4%) versus the prior year and $15,460 versus the prior month.
For the 2023-04-01 period, Bridgeport had 1,210 MLS listings, a difference of 22 listings (2%) versus the prior month and -84 listings (-6%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Bridgeport (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 116 days | 2,631 sqft |
2018-02-01 | 107 days | 2,717 sqft |
2018-03-01 | 64 days | 2,793 sqft |
2018-04-01 | 60 days | 2,796 sqft |
2018-05-01 | 61 days | 2,791 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 | 2,668 sqft |
2018-12-01 | 105 days | 2,667 sqft |
2019-01-01 | 115 days | 2,651 sqft |
2019-02-01 | 108 days | 2,717 sqft |
2019-03-01 | 66 days | 2,788 sqft |
2019-04-01 | 60 days | 2,806 sqft |
2019-05-01 | 60 days | 2,895 sqft |
2019-06-01 | 67 days | 2,998 sqft |
2019-07-01 | 76 days | 2,939 sqft |
2019-08-01 | 95 days | 2,947 sqft |
2019-09-01 | 102 days | 2,988 sqft |
2019-10-01 | 96 days | 2,902 sqft |
2019-11-01 | 98 days | 2,888 sqft |
2019-12-01 | 105 days | 2,839 sqft |
2020-01-01 | 115 days | 2,811 sqft |
2020-02-01 | 105 days | 2,850 sqft |
2020-03-01 | 62 days | 2,919 sqft |
2020-04-01 | 73 days | 2,886 sqft |
2020-05-01 | 81 days | 2,951 sqft |
2020-06-01 | 63 days | 3,060 sqft |
2020-07-01 | 48 days | 3,023 sqft |
2020-08-01 | 52 days | 2,941 sqft |
2020-09-01 | 57 days | 2,891 sqft |
2020-10-01 | 53 days | 2,830 sqft |
2020-11-01 | 61 days | 2,723 sqft |
2020-12-01 | 72 days | 2,638 sqft |
2021-01-01 | 85 days | 2,622 sqft |
2021-02-01 | 74 days | 2,719 sqft |
2021-03-01 | 47 days | 2,658 sqft |
2021-04-01 | 34 days | 2,665 sqft |
2021-05-01 | 34 days | 2,720 sqft |
2021-06-01 | 35 days | 2,604 sqft |
2021-07-01 | 40 days | 2,441 sqft |
2021-08-01 | 49 days | 2,188 sqft |
2021-09-01 | 57 days | 2,174 sqft |
2021-10-01 | 57 days | 2,165 sqft |
2021-11-01 | 59 days | 2,131 sqft |
2021-12-01 | 74 days | 2,083 sqft |
2022-01-01 | 83 days | 2,126 sqft |
2022-02-01 | 57 days | 2,324 sqft |
2022-03-01 | 34 days | 2,304 sqft |
2022-04-01 | 24 days | 2,277 sqft |
2022-05-01 | 22 days | 2,259 sqft |
2022-06-01 | 29 days | 2,318 sqft |
2022-07-01 | 35 days | 2,282 sqft |
2022-08-01 | 47 days | 2,430 sqft |
2022-09-01 | 55 days | 2,400 sqft |
2022-10-01 | 57 days | 2,437 sqft |
2022-11-01 | 59 days | 2,455 sqft |
2022-12-01 | 75 days | 2,441 sqft |
2023-01-01 | 81 days | 2,393 sqft |
2023-02-01 | 72 days | 2,529 sqft |
2023-03-01 | 46 days | 2,645 sqft |
2023-04-01 | 39 days | 2,688 sqft |
Bridgeport's median square footage for active listings during the 2023-04-01 period was 2,688 sqft. One year prior, the average listing was 2,277 sqft.