FHA Loan Limits Restored to $475,000 in Kitsap County.

FHA Loan Limits restored to $475,000 in Kitsap County.

FHA Loan Limits Back Up

Nov. 18, 2011-Dec 31, 2012

This December HUD confirmed that the 2012 FHA Mortgage Limits have been restored to the higher temporary loan limits effective November 18, 2011 through December 31, 2012.  On October 1st, the loan limits had rolled back to regular numbers, which for Kitsap County meant a drastic drop from $475,000 to $307,000.

New, temporary, 2012 FHA loan limits for Kitsap County:

  • 1 Unit: $475,000
  • 2 Unit: $608,100
  • 3 Unit: $735,050
  • 4 Unit: $913,450

This is great news for buyers wishing to purchase a home in 2012 without putting down 10 or 20%. The minimum down payment for an FHA loan is 3.5%. Prior to this re-increase in loan limits, the threshold was $307,000 for a loan.  A huge difference for Bainbridge Island, where the average sales price of a home is $575,000.  The $307,000 loan limit made purchasing a home with an FHA Loan very challenging to say the least.

The new limits are exactly what we need here on Bainbridge Island to keep the real estate market healthy and active.

At the time of this posting, FHA rates are hovering around 4% with zero points.  For a great lender recommendation for your FHA loan, visit my Buying Page.




On December 22, 2011, in Market Trends on Bainbridge Island, by

Pleasant Beach New Construction - blog post - Jen Pells

New Waterfront Homes on Lynwood Center Road

The national news is reporting good news in regards to housing starts.  Housing starts and new permits jumped to a 1 1/2 year high in November, the highest level since April of last year.  While good news on the nation level is indeed GOOD NEWS, we here know real estate is local.  But, on Bainbridge Island, when you take a drive down Lynwood Center Road and see four waterfront homes under construction and a fifth just completed, that is GREAT NEWS on the local front.

Each of the waterfront lots sold for an average of one million dollars and most involved a tear down of an old cottage and now new, quality homes are being built in their place.  All good news for our island market.  And December, typically a somewhat slow month in real estate, has been hopping on the island.  A new $3.2 million dollar waterfront listing on the island went pending with a buyer from our office after being on the market less than three weeks.

The energy and optimism is good as we wrap up a busy 2011 and gear up for a great 2012.

On December 21, 2011, in Market Trends on Bainbridge Island, by

The Bainbridge Island Musical Fire Truck

The Bainbridge Island Musical Fire Truck making the rounds.

The Bainbridge Island Musical Fire Truck is getting into gear once again – it starts on December 12th and spreads musical joy around the island until Christmas Eve. Find your neighborhood on the map below (click map for larger version).

The lighted, musical truck, driven by the Bainbridge Fire Department is out in the evenings from 5-9pm. Every year we enjoy gathering with our neighbors in our cul-de-sac, watching, waiting, (shivering) and listening for the firetruck.  The kids go pretty crazy as you can imagine.  This tradition, which started back in the 1950’s, goes on my list of things “So Bainbridge.”


Bainbridge Island Fire Truck 2011 Holiday Music Schedule and Map

Bainbridge Island Fire Truck 2011 Holiday Music Schedule - CLICK to ENLARGE.



All roads are not listed. Look and listen for the music truck in your neighborhood between the hours of 5:00 to 9:00 pm.

Mon 12/12  – Area 1: Fort Ward area including Tani Place, West Blakely, Country Club, Toe Jam Hill, South Beach
Tue 12/13 – Area 2: Point White/ Crystal Springs area including Baker Hill West, Sorrell, Palomino, El Cimo
Wed 12/14 – Area 3: Eagledale area including Rockaway Beach, Taylor Ave, Barkentine, Bill Point
Thur 12/15 – Area 4: High School Rd to Lynwood Center including Island Center, Vincent, Baker Hill east Lytle and Beck Rd area, Pleasant Beach
Fri 12/16 – Area 5: Wardwell area, New Brooklyn Rd, Sands Ave, Fletcher Bay
Sat 12/17  – Area 6: Battle Point area, Meadowmeer and Olympic Terrace
Sun 12/18 – Area 7: Manzanita, Henderson Rd and Seabold Rd, Day Rd west and Hidden Cove West
Mon 12/19 – Area 8: Reitan Rd, Dolphin Dr and Agate pass area, West Port Madison, Manual Rd, Hidden Cove east, Euclid and Port Madison Area
Tue 12/20 – Area 9: Phelps Rd, Sumanee, North Madison Ave, Windsong, Lovgreen, Winther
Wed 12/21 – Area 10: Sunrise Dr and side roads, Manitou Park, Manitou Beach and Murden Cove
Thur  12/22 – Area 11: Ferncliff Ave and side roads, Grand Ave, Yeomalt Point and Wing Point area
Fri 12/23 – Area 12a: Sportsman Club, North Town Woods, Capstan, Commodore Ln, Weaver Rd
Sat 12/24  – Area 12: Winslow from 305 to Weaver Rd, High School Rd to Eagle Harbor Rd

On December 7, 2011, in Activities, Community, Events, Neighborhoods, by

All an Easy Drive From Bainbridge Island

I am never ready for Christmas.  Ever.  Never.  Okay back in the day when I was a teacher, for about three years I was on a year-round schedule that had a bread from Thanksgiving until after New Year’s.  Those years I had a fighting chance, but I think I was also getting my MA at the time. Always something.  Everyone is busy. But if you are making the time to escape the day to day and cut down a Christmas tree, (you should) I have not found a better resource than the Kitsap Sun’s interactive map below.

Our tree is not up yet. My goal is always to get it up by mid-December and I am one of those people to leave it up until New Year’s Day.  This year soccer tournaments and traveling for Thanksgiving are my excuse.

It would be great if a little snow graced the green of Kitsap for the tree cutting excursion, but that remains to be seen. Pick a destination, head out and get your tree, I am sure you’ll beat me.

View U-Cut Tree Farms in a larger map

On December 3, 2011, in Activities, Beyond Bainbridge, by

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