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 220 lenders originated 3,750 VA loans during 2021. The total origination value was $1,217,120,000, with an average VA loan value of $324,565.
North Port VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in North Port
averaged
6.86%
for the week of 2022-12-02, compared to the national average (all VA variants) of
6.292% for the same period.
North Port's average VA mortgage closing costs are $6,271.
The average rate for the prior week (2022-11-25) was
6.79% and
one month ago for the week of 2022-10-28, the
average rate was 6.88%.
The average rate one year ago was 3.46%.
For refis of the same type during the week of 2022-12-02, the average rate
was 6.31%.
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 FREEDOM MORTGAGE CORPORATION, with
326 VA loans originated. Their average total fees are
$3,790, which is $2,093
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee North Port VA lenders (with over 10 loans originated) are
LAKEVIEW LOAN SERVICING, LLC ($2,856), VILLAGE CAPITAL MORTGAGE ($3,480), FREEDOM MORTGAGE CORPORATION ($3,790), FIRST CENTENNIAL MORTGAGE CORPORATION ($3,850) and PENTAGON FEDERAL CREDIT UNION ($4,115).
The lowest rate North Port VA lenders (with over 10 loans originated) are
ACCELERATE MORTGAGE, LLC (2.20%), CLEARPATH LENDING (2.25%), Low VA Rates, LLC (2.28%), VILLAGE CAPITAL MORTGAGE (2.29%) and PENNYMAC LOAN SERVICES, LLC (2.38%).
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 | $350,950 (-2.5%) | $584,585 (-4.5%) | 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%) | $600,007 (-1.1%) | 1.20 | 7,338 |
| 2018-07-01 | $364,625 (1.3%) | $609,870 (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%) | $590,581 (0.5%) | 1.17 | 6,811 |
| 2018-10-01 | $354,792 (1.4%) | $595,651 (2.0%) | 1.20 | 7,077 |
| 2018-11-01 | $350,000 (0.0%) | $599,091 (3.0%) | 1.19 | 7,767 |
| 2018-12-01 | $349,900 (0.0%) | $598,304 (3.0%) | 1.21 | 8,209 |
| 2019-01-01 | $350,000 (-0.7%) | $595,425 (2.5%) | 1.21 | 8,774 |
| 2019-02-01 | $352,250 (-0.8%) | $596,325 (1.9%) | 1.19 | 9,204 |
| 2019-03-01 | $354,285 (1.0%) | $599,914 (2.6%) | 1.16 | 9,051 |
| 2019-04-01 | $360,995 (3.1%) | $605,449 (3.6%) | 1.15 | 8,702 |
| 2019-05-01 | $364,614 (2.1%) | $610,497 (3.0%) | 1.14 | 7,987 |
| 2019-06-01 | $369,000 (2.5%) | $616,755 (2.8%) | 1.15 | 7,432 |
| 2019-07-01 | $369,000 (1.2%) | $617,347 (1.2%) | 1.16 | 6,951 |
| 2019-08-01 | $367,181 (2.1%) | $615,780 (0.9%) | 1.16 | 6,710 |
| 2019-09-01 | $364,452 (4.1%) | $610,839 (3.4%) | 1.17 | 6,614 |
| 2019-10-01 | $363,918 (2.6%) | $610,521 (2.5%) | 1.17 | 6,583 |
| 2019-11-01 | $369,000 (5.4%) | $620,979 (3.7%) | 1.21 | 6,861 |
| 2019-12-01 | $370,900 (6.0%) | $631,393 (5.5%) | 1.24 | 6,897 |
| 2020-01-01 | $369,995 (5.7%) | $635,854 (6.8%) | 1.24 | 7,070 |
| 2020-02-01 | $371,178 (5.4%) | $648,104 (8.7%) | 1.21 | 7,271 |
| 2020-03-01 | $371,250 (4.8%) | $642,029 (7.0%) | 1.16 | 7,367 |
| 2020-04-01 | $357,200 (-1.1%) | $616,688 (1.9%) | 1.12 | 7,082 |
| 2020-05-01 | $359,300 (-1.5%) | $623,516 (2.1%) | 1.09 | 6,503 |
| 2020-06-01 | $365,000 (-1.1%) | $651,222 (5.6%) | 1.07 | 5,766 |
| 2020-07-01 | $369,824 (0.2%) | $660,608 (7.0%) | 1.07 | 5,237 |
| 2020-08-01 | $372,000 (1.3%) | $658,964 (7.0%) | 1.07 | 4,850 |
| 2020-09-01 | $374,950 (2.9%) | $672,483 (10.1%) | 1.07 | 4,483 |
| 2020-10-01 | $375,000 (3.1%) | $687,659 (12.6%) | 1.07 | 4,359 |
| 2020-11-01 | $375,000 (1.6%) | $700,241 (12.8%) | 1.10 | 4,046 |
| 2020-12-01 | $379,000 (2.2%) | $710,634 (12.6%) | 1.13 | 3,685 |
| 2021-01-01 | $382,199 (3.3%) | $751,632 (18.2%) | 1.14 | 3,107 |
| 2021-02-01 | $393,714 (6.1%) | $818,480 (26.3%) | 1.14 | 2,240 |
| 2021-03-01 | $415,000 (11.8%) | $829,994 (29.3%) | 1.18 | 1,729 |
| 2021-04-01 | $421,950 (18.1%) | $853,408 (38.4%) | 1.14 | 1,522 |
| 2021-05-01 | $425,000 (18.3%) | $880,375 (41.2%) | 1.12 | 1,418 |
| 2021-06-01 | $444,550 (21.8%) | $915,768 (40.6%) | 1.17 | 1,398 |
| 2021-07-01 | $455,000 (23.0%) | $929,429 (40.7%) | 1.20 | 1,498 |
| 2021-08-01 | $464,250 (24.8%) | $943,338 (43.2%) | 1.24 | 1,559 |
| 2021-09-01 | $476,089 (27.0%) | $944,255 (40.4%) | 1.27 | 1,613 |
| 2021-10-01 | $495,000 (32.0%) | $987,395 (43.6%) | 1.32 | 1,579 |
| 2021-11-01 | $507,500 (35.3%) | $1,030,900 (47.2%) | 1.36 | 1,484 |
| 2021-12-01 | $512,400 (35.2%) | $1,084,100 (52.6%) | 1.39 | 1,395 |
| 2022-01-01 | $534,369 (39.8%) | $1,193,464 (58.8%) | 1.44 | 1,146 |
| 2022-02-01 | $553,750 (40.7%) | $1,252,199 (53.0%) | 1.44 | 1,112 |
| 2022-03-01 | $575,000 (38.6%) | $1,264,929 (52.4%) | 1.44 | 1,227 |
| 2022-04-01 | $595,000 (41.0%) | $1,253,309 (46.9%) | 1.42 | 1,525 |
| 2022-05-01 | $599,000 (40.9%) | $1,184,434 (34.5%) | 1.37 | 2,018 |
| 2022-06-01 | $599,000 (34.7%) | $1,152,621 (25.9%) | 1.33 | 2,648 |
| 2022-07-01 | $584,900 (28.6%) | $1,064,874 (14.6%) | 1.32 | 3,352 |
| 2022-08-01 | $556,039 (19.8%) | $1,005,713 (6.6%) | 1.28 | 3,604 |
| 2022-09-01 | $548,354 (15.2%) | $964,832 (2.2%) | 1.28 | 3,581 |
| 2022-10-01 | $539,900 (9.1%) | $960,308 (-2.7%) | 1.27 | 3,469 |
| 2022-11-01 | $527,000 (3.8%) | $965,135 (-6.4%) | 1.27 | 3,825 |
North Port's median listing price comes in at 127% of the national average.
North Port's average listing price for 2022-11-01 was $965,135, a difference of $-65,765 (-6.4%) versus the prior year and $4,827 versus the prior month.
For the 2022-11-01 period, North Port had 3,825 MLS listings, a difference of 356 listings (10%) versus the prior month and 2,341 listings (158%) 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 | 79 days | 1,847 sqft |
| 2018-02-01 | 73 days | 1,858 sqft |
| 2018-03-01 | 66 days | 1,858 sqft |
| 2018-04-01 | 74 days | 1,857 sqft |
| 2018-05-01 | 80 days | 1,863 sqft |
| 2018-06-01 | 86 days | 1,873 sqft |
| 2018-07-01 | 89 days | 1,883 sqft |
| 2018-08-01 | 91 days | 1,885 sqft |
| 2018-09-01 | 88 days | 1,865 sqft |
| 2018-10-01 | 84 days | 1,867 sqft |
| 2018-11-01 | 76 days | 1,852 sqft |
| 2018-12-01 | 75 days | 1,834 sqft |
| 2019-01-01 | 80 days | 1,828 sqft |
| 2019-02-01 | 80 days | 1,835 sqft |
| 2019-03-01 | 80 days | 1,837 sqft |
| 2019-04-01 | 81 days | 1,837 sqft |
| 2019-05-01 | 88 days | 1,841 sqft |
| 2019-06-01 | 93 days | 1,849 sqft |
| 2019-07-01 | 93 days | 1,856 sqft |
| 2019-08-01 | 91 days | 1,854 sqft |
| 2019-09-01 | 89 days | 1,848 sqft |
| 2019-10-01 | 86 days | 1,846 sqft |
| 2019-11-01 | 75 days | 1,856 sqft |
| 2019-12-01 | 76 days | 1,857 sqft |
| 2020-01-01 | 79 days | 1,853 sqft |
| 2020-02-01 | 75 days | 1,861 sqft |
| 2020-03-01 | 68 days | 1,853 sqft |
| 2020-04-01 | 77 days | 1,826 sqft |
| 2020-05-01 | 90 days | 1,818 sqft |
| 2020-06-01 | 100 days | 1,817 sqft |
| 2020-07-01 | 96 days | 1,828 sqft |
| 2020-08-01 | 72 days | 1,816 sqft |
| 2020-09-01 | 65 days | 1,818 sqft |
| 2020-10-01 | 60 days | 1,811 sqft |
| 2020-11-01 | 61 days | 1,784 sqft |
| 2020-12-01 | 64 days | 1,769 sqft |
| 2021-01-01 | 66 days | 1,774 sqft |
| 2021-02-01 | 58 days | 1,754 sqft |
| 2021-03-01 | 46 days | 1,772 sqft |
| 2021-04-01 | 39 days | 1,765 sqft |
| 2021-05-01 | 39 days | 1,752 sqft |
| 2021-06-01 | 36 days | 1,757 sqft |
| 2021-07-01 | 36 days | 1,758 sqft |
| 2021-08-01 | 37 days | 1,785 sqft |
| 2021-09-01 | 38 days | 1,769 sqft |
| 2021-10-01 | 39 days | 1,791 sqft |
| 2021-11-01 | 41 days | 1,811 sqft |
| 2021-12-01 | 62 days | 1,786 sqft |
| 2022-01-01 | 44 days | 1,795 sqft |
| 2022-02-01 | 32 days | 1,794 sqft |
| 2022-03-01 | 30 days | 1,814 sqft |
| 2022-04-01 | 26 days | 1,831 sqft |
| 2022-05-01 | 28 days | 1,836 sqft |
| 2022-06-01 | 31 days | 1,848 sqft |
| 2022-07-01 | 35 days | 1,838 sqft |
| 2022-08-01 | 44 days | 1,832 sqft |
| 2022-09-01 | 51 days | 1,825 sqft |
| 2022-10-01 | 59 days | 1,830 sqft |
| 2022-11-01 | 59 days | 1,809 sqft |
North Port's median square footage for active listings during the 2022-11-01 period was 1,809 sqft. One year prior, the average listing was 1,811 sqft.
