After a nearly 4 year hiatus, Seattle Metropolitan Credit Union has stepped up to the plate to offer houseboat lending in the Seattle area. We salute SMCU for embracing this amazing Seattle tradition which truly helps to define the Seattle character. For those thinking about purchasing a Houseboat in Seattle, this is great news.
The program details allow for 75% financing of the combined sales price plus sales tax, 30 year amortization with a 10 year balloon payment, and rates comparable to those for yacht lending. Credit and Income guidelines are similar to those required for purchasing a home. A Marine survey, and haulout is required. Further details can be obtained by contacting Denise Carlson at (206) 398-5581 or by emailing her at denisec@SMCU.com. For a list of available houseboats, please visit Special Agents Realty.