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%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 45 4.96% $11,511
QUICKEN LOANS, LLC 19 4.06% $16,611
USAA Federal Savings Bank 11 4.60% $13,452
PENNYMAC LOAN SERVICES, LLC 10 3.79% $15,413
LOANDEPOT.COM, LLC 10 3.57% $17,892
NAVY FEDERAL CREDIT UNION 8 3.94% $11,157
TOTAL MORTGAGE SERVICES, LLC 7 5.50% $16,134
CROSSCOUNTRY MORTGAGE, LLC 7 4.86% $17,895
UNITED WHOLESALE MORTGAGE, LLC 7 4.40% $17,548
Barrington Bank & Trust Company, N.A. 6 4.58% $8,287
NEWREZ LLC 5 3.43% $8,468
NEW DAY FINANCIAL, LLC 5 4.77% $24,083
The Federal Savings Bank 5 3.95% $13,909
GUARANTEED RATE AFFINITY, LLC 5 4.97% $16,109
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 4.84% $13,887
Flagstar Bank, FSB 4 5.13% $11,911
GUARANTEED RATE, INC. 4 4.56% $4,828
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 4.69% $13,038
MUTUAL OF OMAHA MORTGAGE, INC. 3 4.88% $15,702
HOMEBRIDGE FINANCIAL SERVICES, INC. 3 5.16% $18,909
CMG MORTGAGE, INC. 3 5.13% $8,419
PENTAGON FEDERAL CREDIT UNION 3 3.13% $3,021
FREEDOM MORTGAGE CORPORATION 3 4.58% $17,062
Mr. Cooper ( Nationstar Mortgage ) 3 5.54% $15,366
PLAZA HOME MORTGAGE, INC. 2 5.56% $11,869
CALIBER HOME LOANS, INC. 2 4.73% $13,780
Carrington Mortgage Services, LLC 2 3.56% $10,097
Citizens Bank 2 3.88% $17,060
CONTOUR MORTGAGE CORPORATION 2 4.00% $14,818
HOME POINT FINANCIAL CORPORATION 2 4.25% $16,272
Prosperity Home Mortgage, LLC 2 4.56% $22,484
VILLAGE CAPITAL MORTGAGE 2 4.63% $8,799
NORWICH COMMERCIAL GROUP, INC. 1 4.75% $6,004
OCEANSIDE MORTGAGE COMPANY 1 4.99% $1,799
Lakeview Community Capital, LLC 1 3.63% $2,939
Hometown Lenders, Inc. 1 5.25% $13,264
PLANET HOME LENDING, LLC 1 4.75% $40,885
AMERISAVE MORTGAGE CORPORATION 1 4.38% $17,741
FIRST WORLD MORTGAGE CORPORATION 1 5.00% $12,855
Wells Fargo Bank 1 6.50% $18,184
First Home Bank 1 4.38% $68,502
T2 FINANCIAL LLC 1 6.25% $15,336
TBI MORTGAGE COMPANY 1 3.13% $15,932
Citibank 1 2.50% $8,870
Century Mortgage Company DBA Century Lending Company 1 4.75% $5,820
UNITED MORTGAGE CORP. 1 6.50% $12,126
CARDINAL FINANCIAL 1 5.25% $7,432
CALCON MUTUAL MORTGAGE LLC 1 5.25% $9,249
MORTGAGE ACCESS CORP. 1 4.75% $5,382
North American Savings Bank, F.S.B. 1 4.50% $3,927

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. 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 (5.4%) $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 for 2023-04-01 was $1,159,000, a difference of $294,500 (34.1%) versus the prior year and $60,025 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2023-04-01 was 39 days. This is 63% longer than the same period one year ago.

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.

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.