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 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 6.63% for the week of 2025-05-23, compared to the national average (all FHA variants) of 6.612% for the same period.

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

    The average rate for the prior week (2025-05-16) was 6.37% and one month ago for the week of 2025-04-18, the average rate was 6.19%.

    The average rate one year ago was 6.86%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.24%.

    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%) 1.54 428
    2025-04-01 $675,000 (6.3%) $837,636 (-0.5%) 1.57 460
    Bremerton's median listing price for 2025-04-01 was $675,000, a difference of $40,267 (6.3%) versus the prior year and $21,732 versus the prior month.

    Bremerton's median listing price comes in at 157% of the national average.

    Bremerton's average listing price for 2025-04-01 was $837,636, a difference of $-4,254 (-0.5%) versus the prior year and $41,632 versus the prior month.

    For the 2025-04-01 period, Bremerton had 460 MLS listings, a difference of 32 listings (7%) versus the prior month and 49 listings (12%) 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 43 days 2,070 sqft
    2025-04-01 35 days 2,070 sqft
    Bremerton's median listing age (time on market) for 2025-04-01 was 35 days. This is 2% longer than the same period one year ago.

    Bremerton's median square footage for active listings during the 2025-04-01 period was 2,070 sqft. One year prior, the average listing was 2,068 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).