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 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.