Bremerton FHA Loan Rates, Closing Costs & Stats
BREMERTON-SILVERDALE-PORT ORCHARD, WA
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
5.88%
for the week of 2024-12-13, compared to the national average (all FHA variants) of
6.277% for the same period.
Bremerton's average FHA mortgage closing costs are $11,045.
The average rate for the prior week (2024-12-06) was
6.25% and
one month ago for the week of 2024-11-08, the
average rate was 6.01%.
The average rate one year ago was 6.42%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.52%.
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.
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. LouisDate | 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%) | $734,021 (11.1%) | 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 | $637,485 (-1.9%) | $901,770 (-5.8%) | 1.44 | 556 |
2024-06-01 | $625,000 (-3.8%) | $898,636 (-2.2%) | 1.40 | 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 |
Bremerton's median listing price comes in at 158% of the national average.
Bremerton's average listing price for 2024-11-01 was $833,139, a difference of $9,071 (1.1%) versus the prior year and $-40,961 versus the prior month.
For the 2024-11-01 period, Bremerton had 583 MLS listings, a difference of -34 listings (-6%) versus the prior month and 100 listings (21%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Bremerton (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 2,106 sqft |
2020-08-01 | 31 days | 2,058 sqft |
2020-09-01 | 32 days | 2,056 sqft |
2020-10-01 | 30 days | 1,975 sqft |
2020-11-01 | 36 days | 1,958 sqft |
2020-12-01 | 45 days | 1,915 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 | 22 days | 2,007 sqft |
2021-07-01 | 23 days | 1,904 sqft |
2021-08-01 | 30 days | 1,990 sqft |
2021-09-01 | 35 days | 2,058 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 | 2,149 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 | 24 days | 2,116 sqft |
2024-06-01 | 32 days | 2,075 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 |
Bremerton's median square footage for active listings during the 2024-11-01 period was 2,070 sqft. One year prior, the average listing was 2,143 sqft.