Seattle Floating Homes Financing Just Got More Attractive:
Some of the latest rates I have seen are extremely attractive for Seattle floating homes financing! I am happy to share some details if you are interested in buying a floating home or looking at the financing for it.
Here are some of the details for I have seen for Seattle floating homes financing through local lenders:
- 25 year amortization
- 7 year term
- 5.99% interest rate (6.49% standard rate)
- 1.00% loan fee
- Borrower to pay all closing costs
- Maximum LTV-75%
- Rates are subject to change without notice, but I can point you in the best direction if you need it.
Keep in mind that this financing is for floating homes only. Not all Seattle houseboats are floating homes. Seattle houseboats is the general term which covers Seattle floating homes, vessels, and barges. Vessels and barges are a different animal for financing often requiring a boat loan although there is at least one other option that recently became available in financing vessels.
You can get in touch with us via email and we can help direct you to the correct mortgage person if you have other Seattle houseboats needs: [email protected]