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%.
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 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 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.
