Metro area · Florida

North Port-Bradenton-Sarasota, FL metro: mortgages and home buyers

2025 home-purchase and refinance statistics for the 2-county North Port-Bradenton-Sarasota, FL area (OMB code 35840), from official HMDA records.

In 2025, lenders reported 12,226 home-purchase mortgages for owner-occupied, single-family homes in the North Port-Bradenton-Sarasota, FL metro area. The median buyer borrowed $355,000 on a home valued at $415,000 and reported a household income of $123,000.

Buyers financed a median 86.5% of the home's value (roughly 13.5% down), paid a median 6.50% on 30-year fixed conventional loans and faced median conventional loan costs of $6,120.

Lenders denied 12.2% of completed home-purchase applications.

Purchase loans

12,226

2 counties

Buyer income

$123,000

U.S. $116,000

Loan amount

$355,000

U.S. $335,000

Down payment

13.5%

U.S. 10%

30-yr fixed rate

6.50%

U.S. 6.625%

Denial rate

12.2%

Purchase · U.S. 8.5%

Key facts

The median 30-year fixed conventional rate here was 13 basis points below the U.S. median (6.625%).
Median conventional loan costs ($6,120) were 10% higher than the U.S. median ($5,570).
46.3% of buyers put at least 20% down (financed 80% or less), compared with 38.5% nationally.
Second homes accounted for 10.7% of first-lien purchase mortgages — a vacation-home market.
The most common age bracket among borrowers was 35–44 (22.6% of purchase loans).
50.2% of purchase mortgages had a single borrower with no co-applicant.
The most-cited reason for denial was debt-to-income ratio (52.0% of denials with a stated reason).

Counties in the metro area

County	Purchase loans	Median loan	Buyer income	30-yr rate	Loan costs	Conforming limit	FHA limit
Manatee County, FL	6,620	$355,000	$122,000	6.499%	$6,050	$832,750	$547,400
Sarasota County, FL	5,606	$345,000	$125,000	6.624%	$6,180	$832,750	$547,400

Who bought homes in North Port

Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.

Purchase loans

12,226

of 14,271 applications

Buyer income

$123,000

Middle half $86,000–$192,000

Home value

$415,000

Middle half $335,000–$595,000

Loan amount

$355,000

Middle half $275,000–$465,000

Down payment

13.5%

46.3% put 20%+ down

Single borrower

50.2%

No co-applicant

Values are medians; "middle half" is the 25th to 75th percentile.

Loan type

Conventional 65.4% 7,995

FHA 25.1% 3,068

VA 9.4% 1,155

USDA 0.1% 8

What the homes were for

Primary residence 85.4% 12,339

Second home 10.7% 1,541

Investment property 3.9% 562

All first-lien, closed-end purchase mortgages, including second homes and investors.

Borrower age

Under 25 4.3%

25–34 22.0%

35–44 22.6%

45–54 18.0%

55–64 19.0%

65–74 10.4%

75 and over 3.9%

Debt-to-income ratio

Under 20% 3.6%

20–29% 10.7%

30–35% 12.6%

36–42% 22.2%

43–49% 35.9%

50–60% 13.9%

Over 60% 1.0%

Monthly debts (including the new payment) as a share of income, as used in underwriting.

What borrowing cost in North Port

Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.

Measure	North Port	U.S.
30-year fixed rate · conventional	6.500%	6.625%
30-year fixed rate · FHA	5.750%	6.250%
30-year fixed rate · VA	5.990%	6.125%
15-year fixed rate · conventional	5.750%	5.875%
Rate spread vs. APOR · conventional	+0.05 pts	+0.13 pts
Total loan costs · conventional	$6,120	$5,570
Total loan costs · FHA	$11,810	$11,310
Total loan costs · VA	$6,490	$6,490
Origination charges (all loan types)	$1,770	$1,860
Borrowers paying discount points	55.3%	51.3%
Points paid, when paid (% of loan)	0.99%	0.87%
Borrowers receiving lender credits	32.1%	33.1%
Adjustable-rate mortgages	7.0%	7.4%
Jumbo loans (above conforming limit)	4.4%	3.8%

Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.

Approvals and denials

North Port: 1,746 of 14,271 completed home-purchase applications were denied (12.2%).

Denial rate

Application	North Port	U.S.
Home purchase	12.2%	8.5%
Conventional	10.1%	7.1%
FHA	17.8%	12.5%
VA	10.4%	8.0%
USDA	—	12.5%
Refinance	27.2%	17.9%
Cash-out refinance	35.2%	33.6%

Main reason for purchase denials

Debt-to-income ratio 52.0%

Credit history 11.9%

Collateral (appraisal/property) 9.8%

Other 6.5%

Unverifiable information 6.3%

Insufficient cash (down payment/closing costs) 5.1%

Credit application incomplete 5.1%

Employment history 3.5%

First reason the lender reported.

Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.

Refinancing in North Port

Refinances

1,321

Median loan $385,000

Refi rate

6.375%

30-yr fixed, conv.

Refi loan costs

$5,860

Conventional

Cash-out refis

1,387

Median loan $285,000

Cash-out rate

6.875%

30-yr fixed, conv.

Cash-out income

$99,000

Median borrower

Source: FFIEC/CFPB HMDA 2025 public LAR (derived MSA/MD); OMB July 2023 delineations via the U.S. Census Bureau. Methodology