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 5.98% for the week of 2024-03-01, compared to the national average (all VA variants) of 6.517% for the same period.

Bridgeport's average VA mortgage closing costs are $8,717.

The average rate for the prior week (2024-02-23) was 5.91% and one month ago for the week of 2024-01-26, the average rate was 5.94%.

The average rate one year ago was 5.88%.

For refis of the same type during the week of 2024-03-01, the average rate was 4.92%.

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 (5.3%) $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
Bridgeport's median listing price for 2024-01-01 was $805,950, a difference of $-4,050 (-0.5%) versus the prior year and $-11,550 versus the prior month.

Bridgeport's median listing price comes in at 197% of the national average.

Bridgeport's average listing price for 2024-01-01 was $2,008,166, a difference of $51,606 (2.6%) versus the prior year and $-6,961 versus the prior month.

For the 2024-01-01 period, Bridgeport had 945 MLS listings, a difference of -94 listings (-9%) versus the prior month and -292 listings (-24%) 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
Bridgeport's median listing age (time on market) for 2024-01-01 was 64 days. This is -14% shorter than the same period one year ago.

Bridgeport's median square footage for active listings during the 2024-01-01 period was 2,490 sqft. One year prior, the average listing was 2,391 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.