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Home Loans In Bremerton Washington

Bremerton is a city in Kitsap County, the largest city on the Kitsap Peninsula. It is located directly west of Seattle across Puget Sound of the peninsula.

The real estate market in Bremerton is very competitive, with an average median price of $435k and an average price per square footage of $251.

Home Loan Programs in Bremerton

Last year, the national average median price of existing homes in the US was $392k, making Bremerton homes a little above the national average but below the conforming loan limits of $726,200. That allows various home loan programs to fit the lending guidelines in Kitsap county. Here are the most used mortgage loans in Bremerton, to name a few:

  • Conventional Loans

Conventional loans are mortgages not insured nor guaranteed by the federal government and offered by private lenders. Conventional loans can be either conforming or non-conforming.

Conforming loans meet the guidelines set by the government-sponsored enterprises Fannie Mae and Freddie Mac. They also meet the loan limits the Federal Housing Finance Agency sets annually. Non-conforming loans, on the other hand, are mortgages that don’t meet the guidelines of government-sponsored enterprises, therefore, cannot be sold to them.

The conforming loan limits in Kitsap County for 2023 are as follows: $726,200 for a single-family residence, $929,850 for a two-unit property, $1,123,900 for a three-unit property, and $1,396,800 for a four-unit property, respectively.

Conventional loans require a minimum credit score of 620 to qualify and a debt-to-income ratio of less than 43%.

  • FHA Loans

FHA home loans are mortgages insured by the Federal Housing Administration. They are under the United States Department of Housing and Urban Development umbrella, commonly known as HUD. They insure the mortgages against future defaults, eliminating the risk from the lender. In doing so, lenders offer favorable rates and terms to the borrower.

Borrowers need a credit score of 580 to qualify for a 3.5% down payment. Those with scores from 500 – 579 may still be eligible with a minimum down payment of 10%, and certain restrictions will apply.

The FHA loan limit in Kitsap County for 2023 is $563,500 for a single-family residence. Those looking to buy a Duplex have $721,400 as the maximum loan amount. Tri-plex is $872,000, and it is $1,083,650 for a Four-plex.

  • VA Loans

VA loan is a home loan program available to active-duty service members, veterans, and eligible surviving spouses. It is a no-money-down program guaranteed by the United States Department of Veterans Affairs.

To be eligible for a VA home loan, you must be an active-duty military member or veteran who meets the service requirements. You must also meet the lender’s credit and income requirements and use the property as your primary residence. You need a valid Certificate of Eligibility (COE) to show the lender that your military service meets the requirements of a VA loan.

  • USDA Loans

USDA-Guaranteed Home Loans are mortgages offered to low- to moderate-income households. The United States Department of Agriculture guarantees 90% of the loan to approved lenders to reduce the risk of extending 100% financing to eligible rural homebuyers.

You must meet the income and credit requirements to be eligible for a USDA-Guaranteed Home Loan. You must make less than 115% of the area median income (AMI), must use the property as your primary residence, and the property must be located in a designated USDA rural area.

  • Jumbo Loans

Jumbo home loans are non-conforming loans that exceed the loan limits set by the FHFA and, therefore, cannot be sold to Fannie Mae and Freddie Mac. These loans have higher credit score requirements than conventional loans. Borrowers are expected to have a credit score of 700; some lenders require 720 and above to be eligible for a Jumbo loan.

Your debt-to-income ratio must not exceed 43%; lenders prefer a low DTI ratio. A down payment of 10% is the minimum. Depending upon your credit score, you may be required to put 20 – 30% down. Also, you must have 6 – 12 months in reserve. Mortgage reserves are assets, like cash, that you can easily access if you need help covering your mortgage payments.

Apply for a Home Loan in Bremerton

Capital Home Mortgage is a direct mortgage lender and servicer in Washington that offers a variety of mortgage options to meet the requirements of its customers. Whether you were born and raised in Bremerton or are new to the state, our expert team at Capital Home Mortgage Washington will find the loan program that meets your needs and budget. Whether you’re a first-time homebuyer or a seasoned homeowner, we have the mortgage program and are here to assist you.

Contact us at (360) 474-5656 to begin the prequalification process for your home purchase.

Why Bremerton HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Bermerton Washington Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness
Bremerton Mortgage Programs

Bremerton Home Purchase loans

Looking to Purchase a Bremerton Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.
  • Primary, 2nd Home, Investment
  • Low Rates & Fees, No fee Options
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo & Renovation
  • Manufactured, Construction, Reverse

Bremerton Renovation Home Loans

Looking to Rehab a Bremerton Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not a renovation loan? Purchase the Perfect Home and make it your own.
  • Remodel, Renovate or Repairs
  • FHA 203K Streamline 
  • FHA Full Documentation Rehab
  • Fannie Mae Homestyle Reno
  • Freddie Mac Home Choice Reno

Bremerton FHA Home loans

Great 1st Time Bremerton Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.
  • Smaller Down Payments
  • Flexible Underwriting Guidelines
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Down Payment Gifts Allowed

Bremerton va Home Loans

100% Financing for Bremerton Vets

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
  • No Mortgage Loan Limits
  • Simple Qualifying
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Manual Underwriting Allowed

Bremerton Conventional Home loans

Flexibility for Bremerton Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a loan officer.
  • Primary, 2nd Home, Investment Properties
  • Single and Multi-Family Properties
  • Variable Mortgage Insurance Options
  • Low Rates & a Variety of Mortgage Terms
  • Renovation Programs Available

Bremerton Jumbo Home Loans

Bremerton Non-Confirming Home Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.
  • Primary & 2nd Homes
  • Variety of Mortgage Programs
  • Simple Qualifying for Veterans
  • Investor Specific Guidelines
  • Credit Score Minimums

Bremerton USDA Home loans

100% Rural Bremerton Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.
  • Primary Residences
  • No Down Payment Required
  • New Manufactured Homes Allowed
  • Closing Costs / Repairs Rolled In
  • Geographic and Income Limits Apply

Bremerton Native american Home Loans

Bremerton Hud 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.
  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed
  • Purchase, Refinance, and Renovation

Bremerton Manufactured Home loans

Great Alternative Bremerton Housing

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
  • Existing Purchase or Refinance
  • New Construction
  • One Time Close Land/Home Combo
  • Lock at Contract
  • FHA, VA, USDA, Native American

Bremerton Reverse Mortgage Loans

Your Bremerton Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.
  • Primary Residence Only
  • Simple Qualifying – Equity Based
  • No Credit Score Requirements
  • Minimum Age 62
  • Purchase, Refinance, and Cash-Out

Bremerton Non QM Home loans

Making Bremerton Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
  • Purchase, Refinance & Cash-out
  • Primary, Secondary, Investment Properties
  • Full Doc Programs
  • Alt Doc Programs
  • Corporations OK

Bremerton One Time Close Home Loans

Build Your Bremerton Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.
  • Primary Residences Only
  • One Time Close
  • Lock Rate at Closing
  • Traditional Final Mortgages
  • No Payments During Construction

Bremerton Refinance Mortgage loans

Bremerton Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.
  • Lower Monthly Payment
  • Shorten Mortgage Term
  • Streamline Options Available
  • Appraisal Waivers Allowed
  • VA IRRRL’s

Bremerton Cashout Mortgage Loans

Bremerton Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.
  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Dream Vacation
  • Higher Education

Bremerton Washington Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

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