What Is the Best Way to Finance a Property? | Insight from Kitsap Real Estate Expert Bre Enbom

Financing is one of the most important decisions you’ll make when buying real estate. Whether you’re purchasing a primary residence, vacation home, or investment property on the Kitsap Peninsula, choosing the right financing strategy can save you thousands over time. According to Bre Enbom, a trusted Kitsap Peninsula real estate expert, the “best” way to finance a property depends on your goals, timeline, and financial profile.

Conventional Loans

Conventional mortgages are the most common financing option for buyers in Bremerton, Silverdale, Poulsbo, Port Orchard, Bainbridge Island, and Gig Harbor. These loans typically offer competitive interest rates for buyers with strong credit and stable income. Down payments often range from 3–20%, with lower rates available to those who can put more down.

Government-Backed Loan Options

For buyers who qualify, government-backed loans can make homeownership more accessible:

• VA Loans are a popular option in Kitsap County due to the strong military presence. These loans often require no down payment and offer favorable terms.

• FHA Loans allow lower credit scores and down payments, making them ideal for first-time buyers.

• USDA Loans may be available in select rural parts of Kitsap County and offer zero-down financing for eligible buyers.

Cash and Alternative Financing

Cash purchases eliminate loan approval delays and can strengthen your offer in competitive markets. However, tying up large amounts of capital isn’t ideal for everyone. Some buyers choose bridge loans, home equity lines of credit (HELOCs), or portfolio loans to create flexibility, especially when buying before selling another property.

Financing for Investment Properties

Investment properties often require higher down payments and come with slightly higher interest rates. That said, strong rental demand across the Kitsap Peninsula makes financing investment real estate an attractive long-term strategy when structured correctly.

Choose the Right Strategy

The best financing plan aligns with your financial readiness and long-term goals. Working with a local expert like Bre Enbom, Kitsap Peninsula Realtor, ensures you understand your options, lender requirements, and how financing impacts your buying power.