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 76 lenders originated 531 FHA loans during 2024. The total origination value was $214,035,000, with an average FHA loan value of $403,079.

Bremerton FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Bremerton averaged 6.18% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

Bremerton's average FHA mortgage closing costs are $11,579.

The average rate for the prior week (2025-03-28) was 6.38% and one month ago for the week of 2025-02-28, the average rate was 6.06%.

The average rate one year ago was 6.38%.

For refis of the same type during the week of 2025-04-04, the average rate was 5.98%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 40 5.83% $18,028
MOVEMENT MORTGAGE, LLC 38 6.66% $16,051
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 38 6.78% $16,758
DHI MORTGAGE COMPANY, LTD. 25 5.45% $11,809
QUICKEN LOANS, LLC 22 6.31% $13,801
CROSSCOUNTRY MORTGAGE, LLC 20 6.48% $17,161
GUILD MORTGAGE COMPANY 17 6.28% $14,638
NEWREZ LLC 16 6.16% $14,716
BROKER SOLUTIONS, INC. 13 6.70% $18,248
EAGLE HOME MORTGAGE, LLC 12 5.37% $13,193
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 11 6.67% $17,795
MID AMERICA MORTGAGE, INC. 10 6.40% $8,902
FREEDOM MORTGAGE CORPORATION 8 5.95% $18,680
PENNYMAC LOAN SERVICES, LLC 7 5.80% $11,982
Cornerstone First Mortgage, Inc 7 6.21% $18,442
LAKEVIEW LOAN SERVICING, LLC 6 6.35% $10,595
HOMEAMERICAN MORTGAGE CORPORATION 6 5.54% $10,921
PRIORITY HOME LENDING, LLC 6 6.50% $17,704
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.62% $17,994
LOANDEPOT.COM, LLC 6 6.41% $16,439
CANOPY MORTGAGE, LLC 5 6.38% $15,508
NOVA FINANCIAL & INVESTMENT CORPORATION 5 6.50% $18,083
T2 FINANCIAL LLC 5 7.08% $15,134
Plains Commerce Bank 5 6.83% $14,674
Mr. Cooper ( Nationstar Mortgage ) 5 6.30% $17,057
BAY EQUITY LLC 4 6.37% $18,174
AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.72% $24,790
1st Security Bank of Washington 4 6.41% $16,777
MEMBER FIRST MORTGAGE, LLC 4 6.25% $13,810
NFM, INC. 4 7.19% $15,167
RESIDENTIAL MORTGAGE, LLC 3 6.12% $20,187
LOANPAL, LLC 3 5.58% $15,983
PHH Mortgage Corporation 3 6.08% $12,919
Sierra Pacific Mortgage Company, Inc. 3 6.58% $20,919
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.17% $16,637
PLAZA HOME MORTGAGE, INC. 3 6.00% $15,462
DIRECTORS MORTGAGE, INC. 2 6.94% $17,827
PLANET HOME LENDING, LLC 2 5.88% $9,783
HomeStreet Bank 2 6.31% $11,421
INSPIRE HOME LOANS INC. 2 5.75% $20,176
CMG MORTGAGE, INC. 2 6.38% $13,392
INTELLILOAN, INC. 2 6.12% $6,796
GUARANTEED RATE, INC. 2 5.94% $19,100
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.50% $24,209
CARDINAL FINANCIAL 1 6.25% $26,945
ZILLOW HOME LOANS, LLC 1 6.50% $13,078
BETTER MORTGAGE CORPORATION 1 5.63% $8,902
Pacific Lending LLC 1 5.63% $19,493
Paramount Residential Mortgage Group, Inc. 1 6.75% $12,635
Bank of America 1 6.88% $8,179
Peoples Bank 1 6.63% $11,519
AMERISAVE MORTGAGE CORPORATION 1 5.13% $36,849
AMERICAN FINANCING CORPORATION 1 5.75% $22,606
AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $10,705
AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $20,619
SCENIC OAKS FUNDING, INC. 1 6.25% $12,094
Sunflower Bank 1 6.49% $19,583
Alaska USA Federal Credit Union 1 6.25% $9,715
THE MORTGAGE LINK, INC. 1 5.63% $32,555
A&D Mortgage LLC 1 5.88% $22,819
VILLAGE CAPITAL MORTGAGE 1 7.38% $4,022
Home Mortgage Alliance Corp 1 6.13% $22,127
HOMESIDE FINANCIAL, LLC 1 5.75% $16,582
JMAC LENDING, INC. 1 5.50% $12,229
JPMorgan Chase Bank 1 6.75% $9,112
LEADERONE FINANCIAL CORPORATION 1 6.75% $14,433
LIBERTY HOME MORTGAGE CORPORATION 1 7.50% $26,664
FIRST COLONY MORTGAGE CORPORATION 1 5.75% $13,112
Loan Simple, Inc. 1 6.25% $22,585
MASON MCDUFFIE MORTGAGE CORPORATION 1 6.75% $17,564
WASHINGTON STATE EMPLOYEES Credit Union 1 7.25% $10,094
MLD MORTGAGE INC. 1 6.50% $14,020
Mortgage Research Center, LLC 1 6.25% $10,477
Carrington Mortgage Services, LLC 1 6.25% $21,759
M&T Bank 1 6.13% $15,862
NATIONS DIRECT MORTGAGE, LLC 1 6.00% $17,950

The top Bremerton FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 40 FHA loans originated. Their average total fees are $18,028, which is $1,977 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee Bremerton FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($8,902), DHI MORTGAGE COMPANY, LTD. ($11,809), EAGLE HOME MORTGAGE, LLC ($13,193), QUICKEN LOANS, LLC ($13,801) and GUILD MORTGAGE COMPANY ($14,638).

The lowest rate Bremerton FHA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.37%), DHI MORTGAGE COMPANY, LTD. (5.45%), UNITED WHOLESALE MORTGAGE, LLC (5.83%), NEWREZ LLC (6.16%) and GUILD MORTGAGE COMPANY (6.28%).

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
2025-03-01 $653,268 (8.9%) $796,004 (0.3%) 0.00 428
Bremerton's median listing price for 2025-03-01 was $653,268, a difference of $53,268 (8.9%) versus the prior year and $-6,595 versus the prior month.

Bremerton's median listing price comes in at 0% of the national average.

Bremerton's average listing price for 2025-03-01 was $796,004, a difference of $2,153 (0.3%) versus the prior year and $-2,396 versus the prior month.

For the 2025-03-01 period, Bremerton had 428 MLS listings, a difference of 34 listings (9%) versus the prior month and 52 listings (14%) 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
2025-03-01 0 days 2,070 sqft
Bremerton's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

Bremerton's median square footage for active listings during the 2025-03-01 period was 2,070 sqft. One year prior, the average listing was 2,064 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).