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 4 lenders originated 4 USDA loans during 2023. The total origination value was $1,280,000, with an average USDA loan value of $320,000.

Bremerton USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Bremerton averaged 6.49% for the week of 2024-04-12, compared to the national average (all USDA variants) of 6.705% for the same period.

Bremerton's average USDA mortgage closing costs are $7,629.

The average rate for the prior week (2024-04-05) was 6.41% and one month ago for the week of 2024-03-08, the average rate was 6.27%.

The average rate one year ago was 6.08%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.53%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.25% $8,344
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.13% $17,487
GUARANTEED RATE, INC. 1 5.13% $13,315
GUILD MORTGAGE COMPANY 1 7.13% $13,085

The top Bremerton USDA lender as defined by loan originations is EVERGREEN MONEYSOURCE MORTGAGE COMPANY, with 1 USDA loans originated. Their average total fees are $8,344, which is $9,143 lower 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 $475,879 (-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%) $734,021 (11.1%) 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
Bremerton's median listing price for 2024-03-01 was $600,000, a difference of $2,505 (0.4%) versus the prior year and $11,402 versus the prior month.

Bremerton's median listing price comes in at 141% of the national average.

Bremerton's average listing price for 2024-03-01 was $793,851, a difference of $-52,713 (-6.2%) versus the prior year and $57,409 versus the prior month.

For the 2024-03-01 period, Bremerton had 376 MLS listings, a difference of 13 listings (4%) versus the prior month and 110 listings (41%) 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 2,106 sqft
2020-08-01 31 days 2,058 sqft
2020-09-01 32 days 2,056 sqft
2020-10-01 30 days 1,975 sqft
2020-11-01 36 days 1,958 sqft
2020-12-01 45 days 1,915 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 22 days 2,007 sqft
2021-07-01 23 days 1,904 sqft
2021-08-01 30 days 1,990 sqft
2021-09-01 35 days 2,058 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 2,149 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
Bremerton's median listing age (time on market) for 2024-03-01 was 40 days. This is -12% shorter than the same period one year ago.

Bremerton's median square footage for active listings during the 2024-03-01 period was 2,064 sqft. One year prior, the average listing was 2,089 sqft.