1. Investment and Non-owner Occupied Properties
Are you or would you like to be a landlord? Rental income can be a valuable part of preparing for retirement or simply adding a new stream of cash into your monthly income. If you are interested in buying a rental property or have one you’d like to refinance to reduce your rate or monthly payment or to shorten your payoff term, we can help
We offer financing for 1-4 unit non-owner occupied properties in the state of Washington. You can finance up to 80% of the purchase price for a new-to-you property or 75% of the appraised value for a refinance of a property you already own. In either case, you can take advantage of amortizations of 20 or 30 years.
2. Single Family Homes & 1-4 Family Unit Properties
Your home is the setting for your life. It’s where you build memories and grow your family. You can count on our experienced Mortgage Loan Officers to help you finance it. Whether you are buying or refinancing, we will make sure that you get the right rate and the right payment to make sure you can enjoy your home and the years you spend there.
We offer mortgage loans for single-family homes and properties with up to 4 units, either as owner-occupied or non-owner-occupied properties. Connect with us today to start or continue your homeownership journey.
3. Manufactured Homes
Less expensive than traditionally built homes, manufactured homes can be a great homeownership option.
- We offer real-estate financing for manufactured homes assuming that they are:
- Affixed to land and the title is eliminated either prior to or as part of the purchase
- Double-wide or larger
- Built after July 1, 1976
- Taxed as real property
- Not in a park
4. Second & Vacation Homes
Where is your getaway? Do you have a favorite seaside community where you spend your summer vacation or a resort town at the base of the slopes that is home to your annual family ski trip? In either case, wouldn’t it be great to have a place there to call your own?
If you are looking to purchase or refinance a second home or vacation property, talk to us. Seattle Credit Union finances second homes and vacation homes for qualified borrowers, whether that’s a high-rise condo in the city or a comfy cabin in wine country. The property must be located within the state of Washington and cannot be a timeshare.
5. Undeveloped Land
When you’ve found that perfect parcel of land on which to build the dream cottage where you’ll spend your retirement but you aren’t quite ready to put a shovel in the ground, talk to us about an undeveloped land loan.
We offer financing for both the purchase and refinance of unimproved residential property (undeveloped or “raw” land) with 15-year terms.
To find out more and get your questions answered, call one of our expert Mortgage Loan Officers at 206-398-5888.
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