Bridgeport VA Loan Rates, Closing Costs & Stats

BRIDGEPORT-STAMFORD-NORWALK, CT

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    • 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 36 lenders originated 130 VA loans during 2023. The total origination value was $70,040,000, with an average VA loan value of $538,769.

    Bridgeport VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Bridgeport averaged 6.94% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Bridgeport's average VA mortgage closing costs are $9,058.

    The average rate for the prior week (2024-04-12) was 6.67% and one month ago for the week of 2024-03-15, the average rate was 6.33%.

    The average rate one year ago was 6.12%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.34%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 28 6.39% $13,602
    QUICKEN LOANS, LLC 14 6.35% $23,424
    NAVY FEDERAL CREDIT UNION 11 5.86% $7,209
    CROSSCOUNTRY MORTGAGE, LLC 7 6.79% $9,584
    UNITED WHOLESALE MORTGAGE, LLC 6 6.23% $11,860
    LOANDEPOT.COM, LLC 4 6.44% $34,219
    Mr. Cooper ( Nationstar Mortgage ) 4 6.31% $7,971
    PENNYMAC LOAN SERVICES, LLC 4 6.00% $14,840
    GUARANTEED RATE, INC. 3 5.71% $3,513
    NORWICH COMMERCIAL GROUP, INC. 3 6.54% $8,936
    The Federal Savings Bank 3 6.29% $15,524
    USAA Federal Savings Bank 3 6.71% $16,376
    FREEDOM MORTGAGE CORPORATION 3 6.46% $30,312
    CALIBER HOME LOANS, INC. 2 6.38% $20,807
    U.S. Bank 2 6.50% $25,204
    Prosperity Home Mortgage, LLC 2 6.44% $7,056
    CMG MORTGAGE, INC. 2 6.56% $11,052
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.31% $17,629
    MUTUAL OF OMAHA MORTGAGE, INC. 2 5.75% $10,768
    PROVINCE MORTGAGE ASSOCIATES, INC. 2 7.63% $12,630
    VILLAGE CAPITAL MORTGAGE 1 6.25% $31,206
    AMERISAVE MORTGAGE CORPORATION 1 5.25% $7,338
    Barrington Bank & Trust Company, N.A. 1 6.75% $7,227
    CARDINAL FINANCIAL 1 6.25% $17,870
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.00% $9,393
    JPMorgan Chase Bank 1 6.75% $2,333
    Magnolia Bank 1 7.25% $37,933
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 7.25% $12,518
    NBKC BANK 1 6.63% $0
    NEW DAY FINANCIAL, LLC 1 6.49% $50,884
    NEWREZ LLC 1 5.50% $20,050
    PENTAGON FEDERAL CREDIT UNION 1 5.00% $14,863
    PLAZA HOME MORTGAGE, INC. 1 7.00% $8,564
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $10,269
    SeaTrust Mortgage Company 1 5.00% $44,786
    Acre Mortgage and Financial Inc 1 5.75% $21,305

    The top Bridgeport VA lender as defined by loan originations is Mortgage Research Center, LLC, with 28 VA loans originated. Their average total fees are $13,602, which is $9,822 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Bridgeport VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($7,209), Mortgage Research Center, LLC ($13,602), QUICKEN LOANS, LLC ($23,424), .

    The lowest rate Bridgeport VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION (5.86%), QUICKEN LOANS, LLC (6.35%), Mortgage Research Center, LLC (6.39%), .

    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 (-6.1%) 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 $748,925 (1.9%) $1,349,653 (-4.5%) 2.50 6,174
    2018-08-01 $724,950 (3.6%) $1,327,643 (-3.6%) 2.43 5,982
    2018-09-01 $725,000 (1.4%) $1,333,920 (-3.2%) 2.44 6,020
    2018-10-01 $725,000 (0.9%) $1,338,571 (0.6%) 2.46 5,928
    2018-11-01 $712,000 (1.8%) $1,350,919 (1.6%) 2.41 5,579
    2018-12-01 $699,900 (0.1%) $1,381,021 (3.2%) 2.41 4,875
    2019-01-01 $699,225 (0.0%) $1,381,227 (2.3%) 2.42 4,402
    2019-02-01 $729,475 (-2.7%) $1,387,358 (-0.1%) 2.46 4,654
    2019-03-01 $747,857 (-4.0%) $1,389,514 (0.3%) 2.45 5,025
    2019-04-01 $749,500 (-4.4%) $1,396,667 (1.5%) 2.38 5,400
    2019-05-01 $749,450 (-5.4%) $1,379,349 (0.4%) 2.34 5,941
    2019-06-01 $727,000 (-5.5%) $1,370,165 (1.9%) 2.27 6,213
    2019-07-01 $704,913 (-5.9%) $1,339,593 (-0.8%) 2.21 6,118
    2019-08-01 $695,182 (-4.1%) $1,328,739 (0.1%) 2.20 5,985
    2019-09-01 $689,455 (-4.9%) $1,321,369 (-0.9%) 2.21 5,865
    2019-10-01 $690,136 (-4.8%) $1,320,867 (-1.3%) 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 (-3.5%) 2.29 4,312
    2020-01-01 $684,000 (-2.2%) $1,337,991 (-3.1%) 2.29 3,818
    2020-02-01 $709,000 (-2.8%) $1,347,010 (-2.9%) 2.32 4,013
    2020-03-01 $724,950 (-3.1%) $1,352,642 (-2.7%) 2.27 4,302
    2020-04-01 $719,000 (-4.1%) $1,372,983 (-1.7%) 2.25 4,049
    2020-05-01 $749,000 (-0.1%) $1,442,175 (4.6%) 2.28 3,983
    2020-06-01 $799,450 (10.0%) $1,547,983 (13.0%) 2.36 3,984
    2020-07-01 $808,750 (14.7%) $1,605,459 (19.9%) 2.34 3,868
    2020-08-01 $799,000 (14.9%) $1,640,877 (23.5%) 2.29 3,625
    2020-09-01 $799,000 (15.9%) $1,656,796 (25.4%) 2.29 3,423
    2020-10-01 $799,000 (15.8%) $1,669,110 (26.4%) 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%) $1,719,649 (29.0%) 2.38 2,538
    2021-01-01 $819,000 (19.7%) $1,801,028 (34.6%) 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 (16.8%) $1,898,405 (38.3%) 2.27 2,034
    2021-05-01 $875,000 (16.8%) $1,898,015 (31.6%) 2.32 2,257
    2021-06-01 $836,500 (4.6%) $1,802,780 (16.5%) 2.20 2,478
    2021-07-01 $750,000 (-7.3%) $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%) $1,746,425 (4.2%) 2.02 1,912
    2021-12-01 $747,450 (-6.5%) $1,810,480 (5.3%) 2.02 1,544
    2022-01-01 $789,450 (-3.6%) $1,977,672 (9.8%) 2.13 1,248
    2022-02-01 $882,999 (0.3%) $2,274,941 (19.4%) 2.30 1,165
    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%) $1,952,691 (2.9%) 1.93 1,691
    2022-06-01 $840,750 (0.5%) $1,850,165 (2.6%) 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%) 2.01 1,237
    2023-02-01 $963,450 (9.1%) $2,267,314 (-0.3%) 2.33 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
    2023-05-01 $1,197,500 (41.8%) $2,405,258 (23.2%) 2.72 1,315
    2023-06-01 $1,171,250 (39.3%) $2,345,282 (26.8%) 2.63 1,356
    2023-07-01 $1,099,500 (33.3%) $2,305,695 (28.7%) 2.50 1,329
    2023-08-01 $949,950 (17.5%) $2,021,392 (11.2%) 2.18 1,268
    2023-09-01 $911,950 (16.6%) $1,965,708 (7.7%) 2.12 1,348
    2023-10-01 $889,225 (11.3%) $2,005,054 (6.6%) 2.09 1,365
    2023-11-01 $875,000 (8.5%) $1,972,836 (3.4%) 2.08 1,311
    2023-12-01 $817,500 (2.2%) $2,015,127 (3.1%) 1.99 1,039
    2024-01-01 $805,950 (-0.5%) $2,008,166 (2.6%) 1.97 945
    2024-02-01 $869,450 (-9.8%) $2,065,401 (-8.9%) 2.09 988
    2024-03-01 $949,000 (-13.7%) $2,132,471 (-9.4%) 2.23 1,014
    Bridgeport's median listing price for 2024-03-01 was $949,000, a difference of $-149,975 (-13.7%) versus the prior year and $79,550 versus the prior month.

    Bridgeport's median listing price comes in at 223% of the national average.

    Bridgeport's average listing price for 2024-03-01 was $2,132,471, a difference of $-221,610 (-9.4%) versus the prior year and $67,070 versus the prior month.

    For the 2024-03-01 period, Bridgeport had 1,014 MLS listings, a difference of 26 listings (3%) versus the prior month and -174 listings (-15%) 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
    2018-01-01 108 days 2,631 sqft
    2018-02-01 96 days 2,717 sqft
    2018-03-01 58 days 2,793 sqft
    2018-04-01 57 days 2,795 sqft
    2018-05-01 56 days 2,791 sqft
    2018-06-01 60 days 2,736 sqft
    2018-07-01 72 days 2,718 sqft
    2018-08-01 84 days 2,680 sqft
    2018-09-01 92 days 2,670 sqft
    2018-10-01 90 days 2,699 sqft
    2018-11-01 88 days 2,669 sqft
    2018-12-01 99 days 2,668 sqft
    2019-01-01 108 days 2,652 sqft
    2019-02-01 98 days 2,717 sqft
    2019-03-01 74 days 2,747 sqft
    2019-04-01 55 days 2,795 sqft
    2019-05-01 55 days 2,895 sqft
    2019-06-01 63 days 2,998 sqft
    2019-07-01 73 days 2,941 sqft
    2019-08-01 81 days 2,913 sqft
    2019-09-01 86 days 2,904 sqft
    2019-10-01 88 days 2,899 sqft
    2019-11-01 87 days 2,888 sqft
    2019-12-01 99 days 2,837 sqft
    2020-01-01 108 days 2,812 sqft
    2020-02-01 95 days 2,852 sqft
    2020-03-01 57 days 2,924 sqft
    2020-04-01 69 days 2,888 sqft
    2020-05-01 75 days 2,951 sqft
    2020-06-01 50 days 3,061 sqft
    2020-07-01 43 days 3,023 sqft
    2020-08-01 49 days 2,941 sqft
    2020-09-01 52 days 2,888 sqft
    2020-10-01 50 days 2,830 sqft
    2020-11-01 57 days 2,722 sqft
    2020-12-01 69 days 2,637 sqft
    2021-01-01 81 days 2,621 sqft
    2021-02-01 71 days 2,719 sqft
    2021-03-01 43 days 2,658 sqft
    2021-04-01 32 days 2,665 sqft
    2021-05-01 32 days 2,721 sqft
    2021-06-01 34 days 2,612 sqft
    2021-07-01 39 days 2,441 sqft
    2021-08-01 48 days 2,188 sqft
    2021-09-01 54 days 2,174 sqft
    2021-10-01 53 days 2,166 sqft
    2021-11-01 57 days 2,131 sqft
    2021-12-01 67 days 2,083 sqft
    2022-01-01 75 days 2,126 sqft
    2022-02-01 44 days 2,324 sqft
    2022-03-01 30 days 2,304 sqft
    2022-04-01 22 days 2,276 sqft
    2022-05-01 20 days 2,258 sqft
    2022-06-01 27 days 2,319 sqft
    2022-07-01 32 days 2,283 sqft
    2022-08-01 44 days 2,432 sqft
    2022-09-01 52 days 2,401 sqft
    2022-10-01 52 days 2,437 sqft
    2022-11-01 55 days 2,454 sqft
    2022-12-01 71 days 2,441 sqft
    2023-01-01 74 days 2,391 sqft
    2023-02-01 57 days 2,528 sqft
    2023-03-01 39 days 2,642 sqft
    2023-04-01 36 days 2,688 sqft
    2023-05-01 26 days 2,862 sqft
    2023-06-01 32 days 2,967 sqft
    2023-07-01 38 days 2,938 sqft
    2023-08-01 50 days 2,737 sqft
    2023-09-01 46 days 2,690 sqft
    2023-10-01 42 days 2,650 sqft
    2023-11-01 48 days 2,616 sqft
    2023-12-01 61 days 2,539 sqft
    2024-01-01 64 days 2,490 sqft
    2024-02-01 43 days 2,535 sqft
    2024-03-01 37 days 2,616 sqft
    Bridgeport's median listing age (time on market) for 2024-03-01 was 37 days. This is -5% shorter than the same period one year ago.

    Bridgeport's median square footage for active listings during the 2024-03-01 period was 2,616 sqft. One year prior, the average listing was 2,642 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.