Houseboat Lending Program Suspended through Seattle Metropolitan Credit Union

Linda Bagley
Seattle Metropolitan Credit Union has suspended Houseboat lending stating they are “at our policy concentration limit”. Very dissapointing news! In addition they state “Floating home loan program will continue to be offered with 15 year and 20 year fixed rate/term offerings. We will no longer offer the 30 year amortization with 15 year balloon product.” Additionally SMCU states they are approacing their concentration limit on some docks which might limit … Read More