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Investment & Non-Owner Occupied Homes

SMCU offers financing for 1 - 4 Family unit properties that are non-owner occupied.

  • SMCU finances a maximum of 80% of the purchase price, in a purchase transaction, or 80% of appraised value, in a refinance transaction.
  • The payments can be amortized over 10, 15, or 30 years but the loan has a 10 or 12-year balloon payment, requiring the outstanding balance to be paid in full, or refinanced at the balloon date.
  • The interest rate for a non-owner occupied loan is 1% higher than our posted rates for the 10 or 15 yr Fixed rate loans.

Contact our Home Loan Center at 206-398-5888 or relending@smcu.com for more information or to start your loan application.

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