North Port VA Loan Rates, Closing Costs & Stats
North Port-Sarasota-Bradenton, FL
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.
North Port's 148 lenders originated 1,333 VA loans during 2023. The total origination value was $583,485,000, with an average VA loan value of $437,723.
North Port VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in North Port
averaged
6.82%
for the week of 2024-04-19, compared to the national average (all VA variants) of
6.758% for the same period.
North Port's average VA mortgage closing costs are $7,505.
The average rate for the prior week (2024-04-12) was
6.45% and
one month ago for the week of 2024-03-15, the
average rate was 6.51%.
The average rate one year ago was 6%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.45%.
North Port 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 North Port level.
The top North Port VA lender as defined by loan originations is Mortgage Research Center, LLC, with
129 VA loans originated. Their average total fees are
$10,030, which is $1,227
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee North Port VA lenders (with over 10 loans originated) are
EAGLE HOME MORTGAGE, LLC ($6,734), PULTE MORTGAGE LLC ($6,750), DHI MORTGAGE COMPANY, LTD. ($7,359), MOVEMENT MORTGAGE, LLC ($7,792) and PENTAGON FEDERAL CREDIT UNION ($7,864).
The lowest rate North Port VA lenders (with over 10 loans originated) are
Wells Fargo Bank (5.32%), DHI MORTGAGE COMPANY, LTD. (5.36%), KBHS HOME LOANS, LLC (5.50%), PENTAGON FEDERAL CREDIT UNION (5.50%) and South Pacific Financial Corporation (5.60%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - North Port (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 | $352,500 (-2.6%) | $580,897 (-6.2%) | 1.31 | 7,765 |
| 2018-02-01 | $354,950 (-1.9%) | $585,162 (-5.1%) | 1.29 | 8,279 |
| 2018-03-01 | $351,945 (-2.2%) | $584,585 (-4.6%) | 1.23 | 8,298 |
| 2018-04-01 | $350,000 (-3.3%) | $584,611 (-4.5%) | 1.19 | 8,079 |
| 2018-05-01 | $357,000 (-0.8%) | $592,572 (-3.0%) | 1.19 | 7,723 |
| 2018-06-01 | $359,900 (-0.5%) | $599,963 (-1.1%) | 1.20 | 7,338 |
| 2018-07-01 | $364,625 (1.3%) | $609,843 (1.3%) | 1.22 | 7,056 |
| 2018-08-01 | $359,556 (2.7%) | $610,476 (3.4%) | 1.20 | 6,805 |
| 2018-09-01 | $350,000 (0.0%) | $590,538 (0.5%) | 1.18 | 6,811 |
| 2018-10-01 | $354,498 (1.3%) | $595,590 (2.0%) | 1.20 | 7,078 |
| 2018-11-01 | $350,000 (0.0%) | $599,075 (3.0%) | 1.19 | 7,766 |
| 2018-12-01 | $349,900 (0.0%) | $598,249 (3.0%) | 1.21 | 8,209 |
| 2019-01-01 | $350,000 (-0.7%) | $595,405 (2.5%) | 1.21 | 8,774 |
| 2019-02-01 | $352,238 (-0.8%) | $596,285 (1.9%) | 1.19 | 9,205 |
| 2019-03-01 | $354,285 (0.7%) | $599,858 (2.6%) | 1.16 | 9,052 |
| 2019-04-01 | $360,937 (3.1%) | $605,346 (3.6%) | 1.15 | 8,703 |
| 2019-05-01 | $364,503 (2.1%) | $610,429 (3.0%) | 1.14 | 7,986 |
| 2019-06-01 | $369,000 (2.5%) | $616,742 (2.8%) | 1.15 | 7,431 |
| 2019-07-01 | $369,125 (1.2%) | $617,292 (1.2%) | 1.16 | 6,949 |
| 2019-08-01 | $367,190 (2.1%) | $615,719 (0.9%) | 1.16 | 6,709 |
| 2019-09-01 | $364,476 (4.1%) | $610,827 (3.4%) | 1.17 | 6,612 |
| 2019-10-01 | $363,934 (2.7%) | $610,569 (2.5%) | 1.17 | 6,581 |
| 2019-11-01 | $369,000 (5.4%) | $621,057 (3.7%) | 1.21 | 6,859 |
| 2019-12-01 | $370,950 (6.0%) | $631,476 (5.6%) | 1.24 | 6,894 |
| 2020-01-01 | $369,995 (5.7%) | $635,878 (6.8%) | 1.24 | 7,067 |
| 2020-02-01 | $371,356 (5.4%) | $648,207 (8.7%) | 1.22 | 7,268 |
| 2020-03-01 | $371,250 (4.8%) | $642,091 (7.0%) | 1.16 | 7,365 |
| 2020-04-01 | $357,445 (-1.0%) | $616,867 (1.9%) | 1.12 | 7,079 |
| 2020-05-01 | $359,300 (-1.4%) | $623,665 (2.2%) | 1.09 | 6,499 |
| 2020-06-01 | $365,000 (-1.1%) | $651,367 (5.6%) | 1.08 | 5,763 |
| 2020-07-01 | $369,824 (0.2%) | $660,814 (7.1%) | 1.07 | 5,233 |
| 2020-08-01 | $372,000 (1.3%) | $659,178 (7.1%) | 1.07 | 4,846 |
| 2020-09-01 | $374,950 (2.9%) | $672,728 (10.1%) | 1.07 | 4,479 |
| 2020-10-01 | $375,000 (3.0%) | $687,924 (12.7%) | 1.07 | 4,355 |
| 2020-11-01 | $375,000 (1.6%) | $700,528 (12.8%) | 1.10 | 4,042 |
| 2020-12-01 | $379,000 (2.2%) | $710,953 (12.6%) | 1.13 | 3,681 |
| 2021-01-01 | $381,641 (3.2%) | $751,922 (18.3%) | 1.14 | 3,103 |
| 2021-02-01 | $393,125 (5.9%) | $818,087 (26.2%) | 1.14 | 2,236 |
| 2021-03-01 | $415,000 (11.8%) | $829,409 (29.2%) | 1.18 | 1,725 |
| 2021-04-01 | $422,045 (18.1%) | $854,109 (38.5%) | 1.14 | 1,518 |
| 2021-05-01 | $425,000 (18.3%) | $881,351 (41.3%) | 1.13 | 1,415 |
| 2021-06-01 | $444,500 (21.8%) | $915,046 (40.5%) | 1.17 | 1,395 |
| 2021-07-01 | $455,000 (23.0%) | $930,294 (40.8%) | 1.20 | 1,495 |
| 2021-08-01 | $464,250 (24.8%) | $944,607 (43.3%) | 1.24 | 1,557 |
| 2021-09-01 | $476,678 (27.1%) | $944,496 (40.4%) | 1.27 | 1,609 |
| 2021-10-01 | $497,900 (32.8%) | $987,942 (43.6%) | 1.33 | 1,575 |
| 2021-11-01 | $507,450 (35.3%) | $1,029,958 (47.0%) | 1.36 | 1,480 |
| 2021-12-01 | $512,450 (35.2%) | $1,084,922 (52.6%) | 1.39 | 1,392 |
| 2022-01-01 | $534,680 (40.1%) | $1,193,042 (58.7%) | 1.45 | 1,142 |
| 2022-02-01 | $556,353 (41.5%) | $1,253,264 (53.2%) | 1.45 | 1,108 |
| 2022-03-01 | $576,665 (39.0%) | $1,265,317 (52.6%) | 1.44 | 1,224 |
| 2022-04-01 | $599,000 (41.9%) | $1,254,684 (46.9%) | 1.43 | 1,522 |
| 2022-05-01 | $599,450 (41.1%) | $1,185,127 (34.5%) | 1.37 | 2,014 |
| 2022-06-01 | $599,450 (34.9%) | $1,149,308 (25.6%) | 1.34 | 2,644 |
| 2022-07-01 | $579,000 (27.3%) | $1,060,492 (14.0%) | 1.30 | 3,348 |
| 2022-08-01 | $555,000 (19.6%) | $1,002,784 (6.2%) | 1.28 | 3,601 |
| 2022-09-01 | $548,250 (15.0%) | $964,138 (2.1%) | 1.28 | 3,579 |
| 2022-10-01 | $539,500 (8.4%) | $960,172 (-2.8%) | 1.27 | 3,466 |
| 2022-11-01 | $526,000 (3.7%) | $961,834 (-6.6%) | 1.26 | 3,822 |
| 2022-12-01 | $525,000 (2.5%) | $987,493 (-9.0%) | 1.30 | 3,886 |
| 2023-01-01 | $539,582 (0.9%) | $1,037,457 (-13.0%) | 1.34 | 4,102 |
| 2023-02-01 | $537,811 (-3.3%) | $1,059,818 (-15.4%) | 1.30 | 4,370 |
| 2023-03-01 | $546,353 (-5.3%) | $1,075,273 (-15.0%) | 1.29 | 4,597 |
| 2023-04-01 | $549,000 (-8.4%) | $1,066,350 (-15.0%) | 1.28 | 4,700 |
| 2023-05-01 | $549,900 (-8.3%) | $1,083,539 (-8.6%) | 1.25 | 4,592 |
| 2023-06-01 | $550,000 (-8.3%) | $1,087,224 (-5.4%) | 1.24 | 4,512 |
| 2023-07-01 | $550,000 (-5.0%) | $1,072,393 (1.1%) | 1.25 | 4,565 |
| 2023-08-01 | $539,927 (-2.7%) | $1,054,613 (5.2%) | 1.24 | 4,692 |
| 2023-09-01 | $525,000 (-4.2%) | $1,015,554 (5.3%) | 1.22 | 4,847 |
| 2023-10-01 | $526,000 (-2.5%) | $997,135 (3.9%) | 1.24 | 5,475 |
| 2023-11-01 | $524,950 (-0.2%) | $963,764 (0.2%) | 1.25 | 6,214 |
| 2023-12-01 | $520,000 (-1.0%) | $955,884 (-3.2%) | 1.27 | 6,682 |
| 2024-01-01 | $525,000 (-2.7%) | $957,285 (-7.7%) | 1.28 | 7,417 |
| 2024-02-01 | $517,450 (-3.8%) | $954,114 (-10.0%) | 1.25 | 8,219 |
| 2024-03-01 | $515,000 (-5.7%) | $942,729 (-12.3%) | 1.21 | 8,531 |
North Port's median listing price comes in at 121% of the national average.
North Port's average listing price for 2024-03-01 was $942,729, a difference of $-132,544 (-12.3%) versus the prior year and $-11,385 versus the prior month.
For the 2024-03-01 period, North Port had 8,531 MLS listings, a difference of 312 listings (4%) versus the prior month and 3,934 listings (86%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - North Port (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 72 days | 1,848 sqft |
| 2018-02-01 | 66 days | 1,858 sqft |
| 2018-03-01 | 60 days | 1,858 sqft |
| 2018-04-01 | 70 days | 1,857 sqft |
| 2018-05-01 | 75 days | 1,864 sqft |
| 2018-06-01 | 80 days | 1,873 sqft |
| 2018-07-01 | 82 days | 1,883 sqft |
| 2018-08-01 | 83 days | 1,885 sqft |
| 2018-09-01 | 82 days | 1,865 sqft |
| 2018-10-01 | 77 days | 1,867 sqft |
| 2018-11-01 | 71 days | 1,852 sqft |
| 2018-12-01 | 70 days | 1,834 sqft |
| 2019-01-01 | 75 days | 1,828 sqft |
| 2019-02-01 | 73 days | 1,835 sqft |
| 2019-03-01 | 72 days | 1,837 sqft |
| 2019-04-01 | 74 days | 1,837 sqft |
| 2019-05-01 | 81 days | 1,840 sqft |
| 2019-06-01 | 85 days | 1,849 sqft |
| 2019-07-01 | 86 days | 1,856 sqft |
| 2019-08-01 | 83 days | 1,854 sqft |
| 2019-09-01 | 81 days | 1,848 sqft |
| 2019-10-01 | 77 days | 1,847 sqft |
| 2019-11-01 | 67 days | 1,857 sqft |
| 2019-12-01 | 72 days | 1,857 sqft |
| 2020-01-01 | 74 days | 1,853 sqft |
| 2020-02-01 | 68 days | 1,861 sqft |
| 2020-03-01 | 64 days | 1,853 sqft |
| 2020-04-01 | 72 days | 1,826 sqft |
| 2020-05-01 | 84 days | 1,818 sqft |
| 2020-06-01 | 94 days | 1,817 sqft |
| 2020-07-01 | 82 days | 1,828 sqft |
| 2020-08-01 | 65 days | 1,816 sqft |
| 2020-09-01 | 59 days | 1,818 sqft |
| 2020-10-01 | 56 days | 1,811 sqft |
| 2020-11-01 | 57 days | 1,784 sqft |
| 2020-12-01 | 58 days | 1,769 sqft |
| 2021-01-01 | 61 days | 1,774 sqft |
| 2021-02-01 | 53 days | 1,754 sqft |
| 2021-03-01 | 43 days | 1,779 sqft |
| 2021-04-01 | 37 days | 1,769 sqft |
| 2021-05-01 | 37 days | 1,750 sqft |
| 2021-06-01 | 36 days | 1,756 sqft |
| 2021-07-01 | 36 days | 1,758 sqft |
| 2021-08-01 | 36 days | 1,782 sqft |
| 2021-09-01 | 37 days | 1,771 sqft |
| 2021-10-01 | 38 days | 1,797 sqft |
| 2021-11-01 | 40 days | 1,815 sqft |
| 2021-12-01 | 60 days | 1,786 sqft |
| 2022-01-01 | 43 days | 1,795 sqft |
| 2022-02-01 | 31 days | 1,794 sqft |
| 2022-03-01 | 29 days | 1,817 sqft |
| 2022-04-01 | 26 days | 1,831 sqft |
| 2022-05-01 | 28 days | 1,836 sqft |
| 2022-06-01 | 30 days | 1,850 sqft |
| 2022-07-01 | 34 days | 1,836 sqft |
| 2022-08-01 | 44 days | 1,831 sqft |
| 2022-09-01 | 50 days | 1,828 sqft |
| 2022-10-01 | 59 days | 1,830 sqft |
| 2022-11-01 | 59 days | 1,809 sqft |
| 2022-12-01 | 55 days | 1,773 sqft |
| 2023-01-01 | 60 days | 1,784 sqft |
| 2023-02-01 | 49 days | 1,791 sqft |
| 2023-03-01 | 47 days | 1,817 sqft |
| 2023-04-01 | 50 days | 1,784 sqft |
| 2023-05-01 | 53 days | 1,804 sqft |
| 2023-06-01 | 58 days | 1,805 sqft |
| 2023-07-01 | 60 days | 1,815 sqft |
| 2023-08-01 | 59 days | 1,787 sqft |
| 2023-09-01 | 60 days | 1,761 sqft |
| 2023-10-01 | 59 days | 1,754 sqft |
| 2023-11-01 | 54 days | 1,739 sqft |
| 2023-12-01 | 59 days | 1,718 sqft |
| 2024-01-01 | 67 days | 1,726 sqft |
| 2024-02-01 | 59 days | 1,729 sqft |
| 2024-03-01 | 59 days | 1,722 sqft |
North Port's median square footage for active listings during the 2024-03-01 period was 1,722 sqft. One year prior, the average listing was 1,817 sqft.