Property Types

Floating Homes
SMCU now offers financing options for the purchase or refinance of floating homes. Our loan programs offer competitive rates, low fees and no prepayment penalties.

In addition, SMCU is a member of Seattle's Floating Home Association. Through this association we know and can share many of the resources available to help you learn more about this lifestyle and how to find and finance your new residence on the water. Learn more about the Floating Home Association at or call us for a list of resources.

If you are in the market to home on the water, contact SMCU at 206-398-5888 to start your preapproval or apply online. Once the process is underway, we can also provide a list of real estate professionals experienced in buying and selling floating residences.

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 75% of appraised value, in a refinance transaction.
  • The payments can be amortized over 20 or 30 years.

Mobile & Manufactured Homes
SMCU finances mobile homes as real estate loans using the value of the mobile home and land together.

  • It must be at least a double-wide home, newer than July 1, 1976, attached to owned property, and taxed as real property.
  • The mobile home title must be eliminated.
  • It cannot be in a park.

Second & Vacation Homes
SMCU finances second homes and vacation homes for qualified borrowers. SMCU does not offer loans for vacation timeshares.

Single Family Homes & 1-4 Family Unit Properties
SMCU offers residential loan financing on these types of properties as either owner occupied or as non-owner occupied.

Undeveloped Land
SMCU offers financing for the purchase or refinance of unimproved residential property (undeveloped or "raw" land).

  • The maximum term is 15 years.
  • Undeveloped Land loans are subject to applicable closing costs.

For more information, or to schedule an appointment, contact SMCU's Mortgage Center at 206-398-5888 or

View Mortgage Rates

Apply online for a quick decision

When you are ready to apply for a home loan, you can do it online and get an answer fast, often within just a few hours. If you start the application and need to get more information to answer one of the questions, you can save the application and come back later to complete it.

Once you have completed the application and approval process, you have the option to go to any of our branch locations to sign your documents. We will bring your loan papers and a specially-trained lending professional to whichever location is most convenient for you and have you on your way as quickly as possible.

Apply Now

Home Buying Workshop: Saturday, April 29


Home Buying Workshop

Join us for a free, one-hour workshop for first-time home buyers. We will be covering common pre-purchase issues such as budgeting, determining how much house is affordable, how to save for a down payment, how personal credit reports and debt-to-income ratios affect the process, and how the mortgage lending process works as a whole. SMCU is proud to help the community prosper by educating members and non-members on how to be a responsible homeowner. Our home-buying expert, Emanuel Ortiz will be leading the workshop.


SMCU will provide light refreshments and free training materials.


The workshop will take place at our Lynnwood Branch (click for directions) from 2:30pm to 3:30pm.


Space is limited. To reserve your spot, RSVP at, or click the button below.



Have Questions? Let's Talk.

If you want to learn more about any of our products, services, or about becoming an SMCU member, stop by a branch, give us a call at (206) 398-5500 or toll-free at (800) 334-2489, or simply enter your email address below and we’ll contact you.




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