Bremerton FHA Loan Rates, Closing Costs & Stats

BREMERTON-SILVERDALE-PORT ORCHARD, WA

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Bremerton's 75 lenders originated 478 FHA loans during 2023. The total origination value was $190,100,000, with an average FHA loan value of $397,699.

    Bremerton FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Bremerton averaged 6.04% for the week of 2025-03-14, compared to the national average (all FHA variants) of 6.345% for the same period.

    Bremerton's average FHA mortgage closing costs are $11,045.

    The average rate for the prior week (2025-03-07) was 6.21% and one month ago for the week of 2025-02-07, the average rate was 6.43%.

    The average rate one year ago was 6.4%.

    For refis of the same type during the week of 2025-03-14, the average rate was 6.49%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Bremerton FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bremerton level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 48 7.10% $16,816
    QUICKEN LOANS, LLC 33 6.05% $16,063
    UNITED WHOLESALE MORTGAGE, LLC 29 6.38% $17,097
    MOVEMENT MORTGAGE, LLC 26 6.76% $18,952
    DHI MORTGAGE COMPANY, LTD. 20 6.00% $11,454
    CROSSCOUNTRY MORTGAGE, LLC 19 6.69% $17,355
    GUILD MORTGAGE COMPANY 18 7.00% $16,635
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 17 6.93% $16,075
    EAGLE HOME MORTGAGE, LLC 12 6.09% $20,476
    AMERICAN PACIFIC MORTGAGE CORPORATION 10 6.54% $19,650
    BROKER SOLUTIONS, INC. 9 6.62% $19,134
    CALIBER HOME LOANS, INC. 9 6.28% $15,492
    NOVA FINANCIAL & INVESTMENT CORPORATION 8 6.47% $13,557
    CORNERSTONE HOME LENDING, INC. 8 6.25% $20,358
    HOMEAMERICAN MORTGAGE CORPORATION 7 5.73% $13,265
    NEWREZ LLC 7 7.30% $13,659
    FREEDOM MORTGAGE CORPORATION 6 6.75% $22,495
    LOANDEPOT.COM, LLC 5 5.78% $14,748
    MID AMERICA MORTGAGE, INC. 5 6.83% $5,276
    PENNYMAC LOAN SERVICES, LLC 5 6.37% $19,232
    BAY EQUITY LLC 4 6.59% $18,635
    AXIA FINANCIAL, LLC 4 7.22% $15,412
    CMG MORTGAGE, INC. 4 6.75% $18,667
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.58% $25,540
    INSPIRE HOME LOANS INC. 3 5.33% $18,347
    HomeStreet Bank 3 6.25% $20,842
    Paramount Residential Mortgage Group, Inc. 3 6.66% $19,073
    CALCON MUTUAL MORTGAGE LLC 3 6.79% $20,944
    1st Security Bank of Washington 3 5.92% $16,809
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.75% $18,849
    SUN WEST MORTGAGE COMPANY, INC. 3 6.33% $15,990
    MEMBER FIRST MORTGAGE, LLC 3 6.92% $20,193
    Ixonia Bank 3 6.96% $18,975
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.58% $11,637
    ZILLOW HOME LOANS, LLC 2 5.56% $17,554
    ACADEMY MORTGAGE CORPORATION 2 6.50% $17,556
    AMERICAN FINANCIAL NETWORK, INC. 2 6.69% $18,985
    AMERISAVE MORTGAGE CORPORATION 2 6.00% $23,179
    CARDINAL FINANCIAL 2 6.50% $19,312
    Carrington Mortgage Services, LLC 2 5.88% $17,736
    Century Mortgage Company DBA Century Lending Company 2 6.44% $14,495
    MASON MCDUFFIE MORTGAGE CORPORATION 2 7.18% $17,024
    Mr. Cooper ( Nationstar Mortgage ) 2 5.75% $25,218
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 7.00% $15,238
    MANN FINANCIAL INC. 1 7.00% $11,574
    VILLAGE CAPITAL MORTGAGE 1 5.88% $20,748
    Lakeview Community Capital, LLC 1 5.25% $11,323
    JPMorgan Chase Bank 1 7.25% $11,323
    MLD MORTGAGE INC. 1 7.25% $17,031
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.88% $15,523
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.13% $20,058
    Wallick & Volk, Inc. 1 8.00% $10,679
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $24,176
    NATIONS DIRECT MORTGAGE, LLC 1 5.75% $18,376
    NEW DAY FINANCIAL, LLC 1 7.00% $4,827
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.13% $21,043
    DIRECTORS MORTGAGE, INC. 1 7.88% $16,413
    ON Q FINANCIAL, INC. 1 7.88% $15,243
    CANOPY MORTGAGE, LLC 1 7.50% $32,108
    Barrington Bank & Trust Company, N.A. 1 7.25% $13,813
    PHH Mortgage Corporation 1 5.25% $13,940
    PLANET HOME LENDING, LLC 1 5.99% $9,854
    Alaska USA Federal Credit Union 1 6.13% $16,701
    Banner Bank 1 5.63% $16,927
    Bank of England 1 6.25% $9,479
    SUMMIT FUNDING, INC. 1 7.25% $16,658
    Armed Forces Bank 1 4.75% $20,374
    T2 FINANCIAL LLC 1 7.38% $17,463
    The Federal Savings Bank 1 5.25% $28,372
    THE MORTGAGE LINK, INC. 1 7.63% $31,735
    Umpqua Bank 1 6.63% $21,091
    American Mortgage & Equity Consultants, Inc. 1 7.25% $25,149
    LAND HOME FINANCIAL SERVICES, INC. 1 7.50% $27,230
    LAKEVIEW LOAN SERVICING, LLC 1 5.75% $13,361
    LOANPAL, LLC 1 6.63% $14,640

    The top Bremerton FHA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 48 FHA loans originated. Their average total fees are $16,816, which is $753 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Bremerton FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($11,454), QUICKEN LOANS, LLC ($16,063), EVERGREEN MONEYSOURCE MORTGAGE COMPANY ($16,075), GUILD MORTGAGE COMPANY ($16,635) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($16,816).

    The lowest rate Bremerton FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (6.00%), QUICKEN LOANS, LLC (6.05%), EAGLE HOME MORTGAGE, LLC (6.09%), UNITED WHOLESALE MORTGAGE, LLC (6.38%) and AMERICAN PACIFIC MORTGAGE CORPORATION (6.54%).

    Bremerton FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    BREMERTON-SILVERDALE-PORT ORCHARD, WA KITSAP 2022 $497,950 $637,450 $770,550 $957,600
    BREMERTON-SILVERDALE-PORT ORCHARD, WA KITSAP 2023 $563,500 $721,400 $872,000 $1,083,650

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bremerton (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 $400,374 (14.6%) $528,023 (12.3%) 1.48 341
    2018-02-01 $404,794 (14.0%) $527,465 (9.5%) 1.47 328
    2018-03-01 $399,888 (7.7%) $523,174 (3.1%) 1.40 320
    2018-04-01 $422,250 (5.8%) $584,378 (6.5%) 1.43 332
    2018-05-01 $455,495 (13.9%) $616,063 (7.2%) 1.52 424
    2018-06-01 $433,000 (8.3%) $589,054 (3.2%) 1.44 475
    2018-07-01 $439,500 (10.2%) $585,513 (5.6%) 1.47 549
    2018-08-01 $427,000 (5.1%) $569,025 (2.4%) 1.43 623
    2018-09-01 $409,975 (5.4%) $539,643 (-0.2%) 1.38 679
    2018-10-01 $414,444 (10.7%) $545,652 (3.1%) 1.40 663
    2018-11-01 $409,894 (13.5%) $539,779 (5.6%) 1.39 587
    2018-12-01 $409,900 (9.3%) $528,300 (-1.1%) 1.41 492
    2019-01-01 $415,944 (3.9%) $521,598 (-1.2%) 1.44 409
    2019-02-01 $444,995 (9.9%) $554,403 (5.1%) 1.50 384
    2019-03-01 $467,601 (16.9%) $589,697 (12.7%) 1.53 383
    2019-04-01 $476,291 (12.8%) $630,683 (7.9%) 1.51 425
    2019-05-01 $472,450 (3.7%) $649,878 (5.5%) 1.48 511
    2019-06-01 $485,000 (12.0%) $689,689 (17.1%) 1.52 542
    2019-07-01 $488,688 (11.2%) $691,915 (18.2%) 1.53 561
    2019-08-01 $487,205 (14.1%) $683,654 (20.1%) 1.54 574
    2019-09-01 $483,124 (17.8%) $672,399 (24.6%) 1.55 576
    2019-10-01 $477,475 (15.2%) $653,297 (19.7%) 1.54 574
    2019-11-01 $464,900 (13.4%) $634,269 (17.5%) 1.52 538
    2019-12-01 $447,975 (9.3%) $602,156 (14.0%) 1.49 410
    2020-01-01 $456,444 (9.7%) $601,625 (15.3%) 1.53 356
    2020-02-01 $455,888 (2.5%) $618,684 (11.6%) 1.49 334
    2020-03-01 $474,125 (1.4%) $613,437 (4.0%) 1.49 398
    2020-04-01 $488,475 (2.6%) $615,789 (-2.4%) 1.53 450
    2020-05-01 $490,000 (3.7%) $627,712 (-3.4%) 1.49 446
    2020-06-01 $485,347 (0.1%) $660,520 (-4.2%) 1.43 436
    2020-07-01 $498,500 (2.0%) $691,655 (0.0%) 1.44 431
    2020-08-01 $493,307 (1.3%) $699,499 (2.3%) 1.41 415
    2020-09-01 $475,879 (-1.5%) $683,330 (1.6%) 1.36 410
    2020-10-01 $479,000 (0.3%) $691,980 (5.9%) 1.37 380
    2020-11-01 $499,875 (7.5%) $714,408 (12.6%) 1.46 251
    2020-12-01 $470,569 (5.0%) $697,673 (15.9%) 1.40 206
    2021-01-01 $469,888 (3.0%) $775,756 (28.9%) 1.40 166
    2021-02-01 $549,488 (20.5%) $833,965 (34.8%) 1.60 140
    2021-03-01 $542,238 (14.4%) $775,826 (26.5%) 1.54 154
    2021-04-01 $562,500 (15.2%) $745,602 (21.1%) 1.52 181
    2021-05-01 $550,000 (12.2%) $741,691 (18.2%) 1.46 213
    2021-06-01 $546,500 (12.6%) $734,262 (11.2%) 1.44 249
    2021-07-01 $551,990 (10.7%) $723,481 (4.6%) 1.46 305
    2021-08-01 $576,975 (17.0%) $719,937 (2.9%) 1.54 318
    2021-09-01 $580,000 (21.9%) $714,170 (4.5%) 1.55 312
    2021-10-01 $597,000 (24.6%) $731,719 (5.7%) 1.59 311
    2021-11-01 $599,675 (20.0%) $738,070 (3.3%) 1.60 256
    2021-12-01 $599,495 (27.4%) $788,527 (13.0%) 1.62 181
    2022-01-01 $599,450 (27.6%) $800,568 (3.2%) 1.62 140
    2022-02-01 $599,495 (9.1%) $790,509 (-5.2%) 1.56 165
    2022-03-01 $609,490 (12.4%) $805,064 (3.8%) 1.53 167
    2022-04-01 $602,000 (7.0%) $798,400 (7.1%) 1.44 190
    2022-05-01 $639,975 (16.4%) $816,184 (10.0%) 1.46 271
    2022-06-01 $635,675 (16.3%) $813,225 (10.8%) 1.42 388
    2022-07-01 $600,000 (8.7%) $796,254 (10.1%) 1.35 537
    2022-08-01 $629,948 (9.2%) $846,400 (17.6%) 1.46 555
    2022-09-01 $605,000 (4.3%) $820,878 (14.9%) 1.41 514
    2022-10-01 $599,000 (0.3%) $796,655 (8.9%) 1.41 511
    2022-11-01 $592,500 (-1.2%) $771,017 (4.5%) 1.42 481
    2022-12-01 $549,900 (-8.3%) $700,080 (-11.2%) 1.36 399
    2023-01-01 $550,000 (-8.3%) $702,589 (-12.2%) 1.36 342
    2023-02-01 $555,000 (-7.4%) $727,189 (-8.0%) 1.34 278
    2023-03-01 $597,495 (-2.0%) $846,564 (5.2%) 1.41 266
    2023-04-01 $607,000 (0.8%) $940,750 (17.8%) 1.41 278
    2023-05-01 $649,950 (1.6%) $957,179 (17.3%) 1.47 278
    2023-06-01 $649,475 (2.2%) $919,016 (13.0%) 1.46 313
    2023-07-01 $650,000 (8.3%) $927,694 (16.5%) 1.48 344
    2023-08-01 $650,000 (3.2%) $935,244 (10.5%) 1.49 385
    2023-09-01 $634,500 (4.9%) $940,497 (14.6%) 1.48 387
    2023-10-01 $637,250 (6.4%) $935,428 (17.4%) 1.50 380
    2023-11-01 $599,945 (1.3%) $824,068 (6.9%) 1.43 483
    2023-12-01 $599,000 (8.9%) $795,393 (13.6%) 1.46 445
    2024-01-01 $599,495 (9.0%) $748,569 (6.5%) 1.46 368
    2024-02-01 $588,598 (6.1%) $736,442 (1.3%) 1.42 363
    2024-03-01 $600,000 (0.4%) $793,851 (-6.2%) 1.41 376
    2024-04-01 $634,733 (4.6%) $841,890 (-10.5%) 1.48 411
    2024-05-01 $636,550 (-2.1%) $881,265 (-7.9%) 1.45 556
    2024-06-01 $624,990 (-3.8%) $877,312 (-4.5%) 1.42 607
    2024-07-01 $642,500 (-1.2%) $884,633 (-4.6%) 1.47 610
    2024-08-01 $649,990 (0.0%) $876,072 (-6.3%) 1.51 624
    2024-09-01 $662,463 (4.4%) $895,095 (-4.8%) 1.56 629
    2024-10-01 $654,950 (2.8%) $874,100 (-6.6%) 1.54 617
    2024-11-01 $659,950 (10.0%) $833,139 (1.1%) 1.58 583
    2024-12-01 $644,970 (7.7%) $794,742 (-0.1%) 1.60 454
    2025-01-01 $639,988 (6.8%) $785,095 (4.9%) 1.60 384
    2025-02-01 $659,863 (12.1%) $798,400 (8.4%) 1.60 394
    Bremerton's median listing price for 2025-02-01 was $659,863, a difference of $71,265 (12.1%) versus the prior year and $19,875 versus the prior month.

    Bremerton's median listing price comes in at 160% of the national average.

    Bremerton's average listing price for 2025-02-01 was $798,400, a difference of $61,958 (8.4%) versus the prior year and $13,305 versus the prior month.

    For the 2025-02-01 period, Bremerton had 394 MLS listings, a difference of 10 listings (3%) versus the prior month and 31 listings (9%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bremerton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 56 days 2,151 sqft
    2018-02-01 37 days 2,135 sqft
    2018-03-01 33 days 2,054 sqft
    2018-04-01 30 days 2,086 sqft
    2018-05-01 21 days 2,208 sqft
    2018-06-01 30 days 2,159 sqft
    2018-07-01 31 days 2,185 sqft
    2018-08-01 33 days 2,162 sqft
    2018-09-01 38 days 2,145 sqft
    2018-10-01 47 days 2,120 sqft
    2018-11-01 56 days 2,124 sqft
    2018-12-01 65 days 2,111 sqft
    2019-01-01 67 days 2,099 sqft
    2019-02-01 64 days 2,143 sqft
    2019-03-01 50 days 2,206 sqft
    2019-04-01 30 days 2,262 sqft
    2019-05-01 28 days 2,267 sqft
    2019-06-01 36 days 2,276 sqft
    2019-07-01 41 days 2,248 sqft
    2019-08-01 43 days 2,196 sqft
    2019-09-01 47 days 2,176 sqft
    2019-10-01 47 days 2,145 sqft
    2019-11-01 48 days 2,110 sqft
    2019-12-01 59 days 2,043 sqft
    2020-01-01 63 days 2,045 sqft
    2020-02-01 37 days 2,078 sqft
    2020-03-01 23 days 2,102 sqft
    2020-04-01 34 days 2,058 sqft
    2020-05-01 43 days 2,058 sqft
    2020-06-01 35 days 2,058 sqft
    2020-07-01 32 days 2,108 sqft
    2020-08-01 31 days 2,058 sqft
    2020-09-01 32 days 2,057 sqft
    2020-10-01 30 days 1,976 sqft
    2020-11-01 36 days 1,959 sqft
    2020-12-01 45 days 1,920 sqft
    2021-01-01 42 days 1,932 sqft
    2021-02-01 32 days 2,124 sqft
    2021-03-01 25 days 2,019 sqft
    2021-04-01 23 days 2,059 sqft
    2021-05-01 22 days 2,028 sqft
    2021-06-01 23 days 2,004 sqft
    2021-07-01 23 days 1,901 sqft
    2021-08-01 30 days 1,987 sqft
    2021-09-01 35 days 2,054 sqft
    2021-10-01 36 days 2,069 sqft
    2021-11-01 37 days 2,054 sqft
    2021-12-01 44 days 2,057 sqft
    2022-01-01 42 days 1,974 sqft
    2022-02-01 23 days 1,979 sqft
    2022-03-01 23 days 2,006 sqft
    2022-04-01 22 days 2,005 sqft
    2022-05-01 20 days 2,039 sqft
    2022-06-01 23 days 2,100 sqft
    2022-07-01 28 days 2,080 sqft
    2022-08-01 34 days 2,098 sqft
    2022-09-01 44 days 2,078 sqft
    2022-10-01 49 days 2,078 sqft
    2022-11-01 52 days 2,064 sqft
    2022-12-01 64 days 2,018 sqft
    2023-01-01 74 days 2,029 sqft
    2023-02-01 68 days 2,074 sqft
    2023-03-01 46 days 2,089 sqft
    2023-04-01 38 days 2,158 sqft
    2023-05-01 35 days 2,116 sqft
    2023-06-01 32 days 2,120 sqft
    2023-07-01 32 days 2,112 sqft
    2023-08-01 38 days 2,152 sqft
    2023-09-01 43 days 2,113 sqft
    2023-10-01 44 days 2,142 sqft
    2023-11-01 52 days 2,143 sqft
    2023-12-01 57 days 2,168 sqft
    2024-01-01 55 days 2,132 sqft
    2024-02-01 43 days 2,070 sqft
    2024-03-01 40 days 2,064 sqft
    2024-04-01 34 days 2,068 sqft
    2024-05-01 26 days 2,088 sqft
    2024-06-01 37 days 2,070 sqft
    2024-07-01 43 days 2,088 sqft
    2024-08-01 44 days 2,080 sqft
    2024-09-01 45 days 2,110 sqft
    2024-10-01 50 days 2,087 sqft
    2024-11-01 50 days 2,070 sqft
    2024-12-01 64 days 2,008 sqft
    2025-01-01 75 days 2,036 sqft
    2025-02-01 51 days 2,077 sqft
    Bremerton's median listing age (time on market) for 2025-02-01 was 51 days. This is 19% longer than the same period one year ago.

    Bremerton's median square footage for active listings during the 2025-02-01 period was 2,077 sqft. One year prior, the average listing was 2,070 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).