Bremerton USDA Loan Rates, Closing Costs & Stats

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 6.22% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Bremerton's average USDA mortgage closing costs are $7,416.

The average rate for the prior week (2022-11-25) was 6.56% and one month ago for the week of 2022-10-28, the average rate was 6.83%.

The average rate one year ago was 3.32%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.23%.

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/closing costs 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. Closing Costs
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 $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 $475,851 (-1.5%) $683,450 (1.6%) 1.36 409
2020-10-01 $479,000 (0.3%) $692,274 (6.0%) 1.37 379
2020-11-01 $499,750 (7.5%) $714,890 (12.7%) 1.46 250
2020-12-01 $469,944 (4.9%) $698,284 (16.0%) 1.40 205
2021-01-01 $469,388 (2.8%) $776,774 (29.1%) 1.40 165
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 $555,945 (11.5%) $723,985 (4.7%) 1.46 304
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 (3.2%) 1.60 256
2021-12-01 $599,720 (27.6%) $788,064 (12.9%) 1.63 182
2022-01-01 $599,900 (27.8%) $800,568 (3.1%) 1.62 140
2022-02-01 $599,495 (9.1%) $790,509 (-5.2%) 1.56 165
2022-03-01 $609,490 (12.4%) $806,977 (4.0%) 1.53 166
2022-04-01 $602,000 (7.0%) $798,044 (7.0%) 1.44 190
2022-05-01 $639,975 (16.4%) $816,184 (10.0%) 1.46 271
2022-06-01 $635,675 (16.3%) $813,983 (10.9%) 1.42 388
2022-07-01 $600,000 (7.9%) $796,254 (10.0%) 1.36 537
2022-08-01 $632,450 (9.6%) $847,656 (17.7%) 1.46 554
2022-09-01 $606,498 (4.6%) $822,061 (15.1%) 1.42 513
2022-10-01 $599,000 (0.3%) $797,576 (9.0%) 1.41 510
2022-11-01 $595,591 (-0.7%) $772,250 (4.6%) 1.43 481
Bremerton's median listing price for 2022-11-01 was $595,591, a difference of $-4,084 (-0.7%) versus the prior year and $-3,409 versus the prior month.

Bremerton's median listing price comes in at 143% of the national average.

Bremerton's average listing price for 2022-11-01 was $772,250, a difference of $34,180 (4.6%) versus the prior year and $-25,326 versus the prior month.

For the 2022-11-01 period, Bremerton had 481 MLS listings, a difference of -29 listings (-6%) versus the prior month and 225 listings (88%) 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 2,151 sqft
2018-02-01 38 days 2,135 sqft
2018-03-01 36 days 2,054 sqft
2018-04-01 32 days 2,086 sqft
2018-05-01 22 days 2,208 sqft
2018-06-01 30 days 2,159 sqft
2018-07-01 32 days 2,185 sqft
2018-08-01 34 days 2,162 sqft
2018-09-01 40 days 2,145 sqft
2018-10-01 48 days 2,120 sqft
2018-11-01 57 days 2,124 sqft
2018-12-01 66 days 2,111 sqft
2019-01-01 70 days 2,099 sqft
2019-02-01 66 days 2,143 sqft
2019-03-01 51 days 2,204 sqft
2019-04-01 31 days 2,256 sqft
2019-05-01 28 days 2,264 sqft
2019-06-01 36 days 2,272 sqft
2019-07-01 43 days 2,248 sqft
2019-08-01 44 days 2,196 sqft
2019-09-01 48 days 2,176 sqft
2019-10-01 50 days 2,145 sqft
2019-11-01 50 days 2,110 sqft
2019-12-01 61 days 2,043 sqft
2020-01-01 65 days 2,045 sqft
2020-02-01 38 days 2,079 sqft
2020-03-01 24 days 2,102 sqft
2020-04-01 34 days 2,058 sqft
2020-05-01 43 days 2,058 sqft
2020-06-01 37 days 2,058 sqft
2020-07-01 36 days 2,108 sqft
2020-08-01 33 days 2,058 sqft
2020-09-01 33 days 2,056 sqft
2020-10-01 32 days 1,975 sqft
2020-11-01 38 days 1,959 sqft
2020-12-01 46 days 1,915 sqft
2021-01-01 44 days 1,932 sqft
2021-02-01 33 days 2,124 sqft
2021-03-01 28 days 2,016 sqft
2021-04-01 23 days 2,059 sqft
2021-05-01 23 days 2,028 sqft
2021-06-01 23 days 2,009 sqft
2021-07-01 24 days 1,904 sqft
2021-08-01 30 days 1,989 sqft
2021-09-01 36 days 2,051 sqft
2021-10-01 36 days 2,069 sqft
2021-11-01 38 days 2,054 sqft
2021-12-01 44 days 2,058 sqft
2022-01-01 46 days 1,974 sqft
2022-02-01 23 days 1,979 sqft
2022-03-01 25 days 2,005 sqft
2022-04-01 22 days 2,005 sqft
2022-05-01 20 days 2,040 sqft
2022-06-01 23 days 2,100 sqft
2022-07-01 29 days 2,080 sqft
2022-08-01 35 days 2,098 sqft
2022-09-01 44 days 2,077 sqft
2022-10-01 50 days 2,080 sqft
2022-11-01 52 days 2,063 sqft
Bremerton's median listing age (time on market) for 2022-11-01 was 52 days. This is 39% longer than the same period one year ago.

Bremerton's median square footage for active listings during the 2022-11-01 period was 2,063 sqft. One year prior, the average listing was 2,054 sqft.