Bremerton VA Loan Rates, Closing Costs & Stats
BREMERTON-SILVERDALE-PORT ORCHARD, WA
A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.
The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.
For additional benefits of VA loans, click here.
Bremerton's 169 lenders originated 4,336 VA loans during 2021. The total origination value was $1,684,200,000, with an average VA loan value of $388,423.
Bremerton VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Bremerton
averaged
6.5%
for the week of 2022-12-02, compared to the national average (all VA variants) of
6.292% for the same period.
Bremerton's average VA mortgage closing costs are $7,424.
The average rate for the prior week (2022-11-25) was
6.64% and
one month ago for the week of 2022-10-28, the
average rate was 7.23%.
The average rate one year ago was 3.51%.
For refis of the same type during the week of 2022-12-02, the average rate
was 6.51%.
Bremerton VA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bremerton level.
The top Bremerton VA lender as defined by loan originations is NAVY FEDERAL CREDIT UNION, with
280 VA loans originated. Their average total fees are
$5,909, which is $56
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Bremerton VA lenders (with over 10 loans originated) are
Lakeview Community Capital, LLC ($1,755), LAKEVIEW LOAN SERVICING, LLC ($2,431), FREEDOM MORTGAGE CORPORATION ($3,527), VILLAGE CAPITAL MORTGAGE ($4,231) and PLANET HOME LENDING, LLC ($4,295).
The lowest rate Bremerton VA lenders (with over 10 loans originated) are
NP, Inc. (2.25%), SUN WEST MORTGAGE COMPANY, INC. (2.35%), VILLAGE CAPITAL MORTGAGE (2.36%), Lakeview Community Capital, LLC (2.37%) and PENNYMAC LOAN SERVICES, LLC (2.37%).
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 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 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.
