Bremerton USDA Loans

BREMERTON-SILVERDALE-PORT ORCHARD, WA

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Bremerton's 12 lenders originated 29 USDA loans during 2021. The total origination value was $13,495,000, with an average USDA loan value of $465,345.

Bremerton USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Bremerton averaged 5.5% for the week of 2022-05-20, compared to the national average (all USDA variants) of 5.315% for the same period.

The average rate for the prior week (2022-05-13) was 5.28% and one month ago for the week of 2022-04-15, the average rate was 4.88%.

The average rate one year ago was 3.33%.

For refis of the same type during the week of 2022-05-20, the average rate was 5.1%.

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

Bremerton USDA Loan Lenders by Rates & Fees

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

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 2.88% $9,138
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.22% $7,355
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 3 3.25% $9,101
MOVEMENT MORTGAGE, LLC 2 2.38% $7,693
LENDUS, LLC 2 2.69% $8,288
BROKER SOLUTIONS, INC. 1 2.75% $7,291
HOME POINT FINANCIAL CORPORATION 1 2.88% $7,529
LOANDEPOT.COM, LLC 1 3.00% $5,548
Carrington Mortgage Services, LLC 1 2.63% $8,541
CALIBER HOME LOANS, INC. 1 2.99% $7,279
Century Mortgage Company DBA Century Lending Company 1 2.63% $9,653
CORNERSTONE HOME LENDING, INC. 1 3.00% $10,820

The top Bremerton USDA lender as defined by loan originations is PRIMARY RESIDENTIAL MORTGAGE, INC., with 4 USDA loans originated. Their average total fees are $9,138, which is $1,783 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Bremerton USDA lenders (with over 10 loans originated) are .

The lowest rate Bremerton USDA lenders (with over 10 loans originated) are .


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 $397,450 (13.6%) $525,892 (12.3%) 1.46 350
2018-02-01 $398,475 (11.1%) $524,432 (7.7%) 1.44 337
2018-03-01 $399,000 (6.4%) $520,245 (1.6%) 1.38 332
2018-04-01 $417,500 (4.6%) $580,438 (5.3%) 1.40 340
2018-05-01 $450,000 (12.5%) $612,464 (6.2%) 1.50 435
2018-06-01 $435,000 (4.8%) $587,481 (2.4%) 1.45 487
2018-07-01 $437,500 (9.7%) $585,279 (5.8%) 1.46 571
2018-08-01 $425,000 (4.0%) $572,318 (3.1%) 1.42 647
2018-09-01 $409,888 (5.1%) $542,391 (0.9%) 1.37 699
2018-10-01 $414,888 (10.6%) $545,407 (3.5%) 1.39 679
2018-11-01 $410,445 (13.6%) $540,701 (5.9%) 1.38 601
2018-12-01 $409,000 (9.1%) $526,896 (-1.1%) 1.40 492
2019-01-01 $412,388 (3.8%) $521,116 (-0.9%) 1.42 415
2019-02-01 $444,750 (11.6%) $552,533 (5.4%) 1.49 380
2019-03-01 $469,280 (17.6%) $590,048 (13.4%) 1.53 381
2019-04-01 $482,450 (15.6%) $637,826 (9.9%) 1.52 427
2019-05-01 $489,944 (8.9%) $663,853 (8.4%) 1.51 494
2019-06-01 $492,388 (13.2%) $698,374 (18.9%) 1.52 538
2019-07-01 $497,000 (13.6%) $697,086 (19.1%) 1.54 554
2019-08-01 $486,550 (14.5%) $681,565 (19.1%) 1.53 545
2019-09-01 $473,300 (15.5%) $658,973 (21.5%) 1.50 511
2019-10-01 $475,000 (14.5%) $646,742 (18.6%) 1.52 572
2019-11-01 $470,000 (14.5%) $636,428 (17.7%) 1.52 526
2019-12-01 $449,000 (9.8%) $607,865 (15.4%) 1.50 406
2020-01-01 $458,944 (11.3%) $608,436 (16.8%) 1.53 353
2020-02-01 $459,950 (3.4%) $626,940 (13.5%) 1.48 318
2020-03-01 $480,444 (2.4%) $620,036 (5.1%) 1.50 392
2020-04-01 $489,500 (1.5%) $616,157 (-3.4%) 1.52 454
2020-05-01 $499,999 (2.1%) $628,815 (-5.3%) 1.52 439
2020-06-01 $495,000 (0.5%) $666,374 (-4.6%) 1.45 425
2020-07-01 $499,950 (0.6%) $692,549 (-0.7%) 1.43 421
2020-08-01 $495,000 (1.7%) $706,681 (3.7%) 1.41 410
2020-09-01 $477,194 (0.8%) $685,672 (4.1%) 1.36 395
2020-10-01 $479,000 (0.8%) $697,134 (7.8%) 1.37 374
2020-11-01 $517,000 (10.0%) $714,902 (12.3%) 1.48 246
2020-12-01 $471,138 (4.9%) $697,578 (14.8%) 1.38 202
2021-01-01 $469,888 (2.4%) $783,845 (28.8%) 1.38 162
2021-02-01 $564,950 (22.8%) $850,515 (35.7%) 1.62 135
2021-03-01 $545,000 (13.4%) $774,990 (25.0%) 1.53 142
2021-04-01 $582,475 (19.0%) $754,582 (22.5%) 1.57 180
2021-05-01 $570,000 (14.0%) $756,405 (20.3%) 1.50 208
2021-06-01 $555,000 (12.1%) $744,842 (11.8%) 1.44 241
2021-07-01 $562,500 (12.5%) $738,208 (6.6%) 1.46 290
2021-08-01 $587,000 (18.6%) $727,577 (3.0%) 1.54 313
2021-09-01 $587,000 (23.0%) $725,553 (5.8%) 1.54 308
2021-10-01 $599,000 (25.1%) $734,549 (5.4%) 1.58 306
2021-11-01 $599,970 (16.1%) $741,072 (3.7%) 1.58 262
2021-12-01 $599,995 (27.4%) $789,808 (13.2%) 1.60 182
2022-01-01 $599,950 (27.7%) $795,665 (1.5%) 1.60 141
2022-02-01 $599,970 (6.2%) $786,834 (-7.5%) 1.53 166
2022-03-01 $616,495 (13.1%) $808,979 (4.4%) 1.52 161
2022-04-01 $614,995 (5.6%) $803,156 (6.4%) 1.45 183
Bremerton's median listing price for 2022-04-01 was $614,995, a difference of $32,520 (5.6%) versus the prior year and $-1,500 versus the prior month.

Bremerton's median listing price comes in at 145% of the national average.

Bremerton's average listing price for 2022-04-01 was $803,156, a difference of $48,574 (6.4%) versus the prior year and $-5,823 versus the prior month.

For the 2022-04-01 period, Bremerton had 183 MLS listings, a difference of 22 listings (14%) versus the prior month and 3 listings (2%) 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 59 days 2,135 sqft
2018-02-01 39 days 2,117 sqft
2018-03-01 36 days 2,049 sqft
2018-04-01 34 days 2,091 sqft
2018-05-01 23 days 2,199 sqft
2018-06-01 31 days 2,164 sqft
2018-07-01 32 days 2,191 sqft
2018-08-01 35 days 2,170 sqft
2018-09-01 40 days 2,145 sqft
2018-10-01 49 days 2,119 sqft
2018-11-01 58 days 2,129 sqft
2018-12-01 63 days 2,110 sqft
2019-01-01 66 days 2,093 sqft
2019-02-01 61 days 2,124 sqft
2019-03-01 43 days 2,198 sqft
2019-04-01 28 days 2,282 sqft
2019-05-01 30 days 2,294 sqft
2019-06-01 34 days 2,300 sqft
2019-07-01 44 days 2,267 sqft
2019-08-01 44 days 2,209 sqft
2019-09-01 49 days 2,154 sqft
2019-10-01 48 days 2,145 sqft
2019-11-01 48 days 2,111 sqft
2019-12-01 59 days 2,053 sqft
2020-01-01 66 days 2,069 sqft
2020-02-01 42 days 2,104 sqft
2020-03-01 29 days 2,129 sqft
2020-04-01 34 days 2,058 sqft
2020-05-01 45 days 2,058 sqft
2020-06-01 41 days 2,072 sqft
2020-07-01 37 days 2,101 sqft
2020-08-01 35 days 2,058 sqft
2020-09-01 33 days 2,056 sqft
2020-10-01 32 days 1,986 sqft
2020-11-01 39 days 1,970 sqft
2020-12-01 47 days 1,922 sqft
2021-01-01 51 days 1,932 sqft
2021-02-01 42 days 2,131 sqft
2021-03-01 33 days 1,929 sqft
2021-04-01 25 days 2,076 sqft
2021-05-01 30 days 2,028 sqft
2021-06-01 29 days 2,031 sqft
2021-07-01 30 days 1,959 sqft
2021-08-01 33 days 2,004 sqft
2021-09-01 36 days 2,068 sqft
2021-10-01 37 days 2,080 sqft
2021-11-01 39 days 2,079 sqft
2021-12-01 45 days 2,069 sqft
2022-01-01 48 days 1,999 sqft
2022-02-01 29 days 1,976 sqft
2022-03-01 29 days 2,023 sqft
2022-04-01 25 days 2,016 sqft
Bremerton's median listing age (time on market) for 2022-04-01 was 25 days. This is 0% longer than the same period one year ago.

Bremerton's median square footage for active listings during the 2022-04-01 period was 2,016 sqft. One year prior, the average listing was 2,076 sqft.