Real Estate Loans Available in Washington

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Real Estate Loans Available in Washington

February 23
01:21 2021
Real Estate Loans Available in Washington

At some point, many people in Washington find themselves tired of renting a place to live and ready to invest in their future. How do they do this? By ending their relationship with their landlord and purchasing a home. 

Common Types of Real Estate Loans

Just as someone can take out a loan to finance an automobile, a home buyer can also take out a loan to finance the purchase of a home in Washington. Common types of real estate loans that individuals may qualify for from WECU include:

  • Home mortgage loans

  • Home equity loans

  • Home equity lines of credit

  • Home refinance loans

  • Construction loans

  • Land and lot loans

  • Manufactured home loans

  • Rental property loans

Home Mortgage Loans

Those wanting to become a homeowner should apply for a home mortgage loan. This is a traditional type of loan that can help someone purchase and finance a home. Visit for more details. There may be particular loans available, such as those for first-time homeowners and veterans. 

Home Construction Loans

Those who do not want to purchase a pre-existing home but want a loan to build their dream home should look into home construction loans. A construction loan is designed to help home buyers finance the construction of a brand new home rather than purchasing a previously built one.

Loans for Land and Lots

Some people find the perfect piece of property in Washington, but the property does not have a home on it. This is when a land and lot loan can come in handy. With this type of loan, a person can purchase the land and later either move a home onto the property or build a house.

Rental Property Loans

Those that really want to invest in their future may dream of purchasing homes, apartments, or duplexes with the intention of using those buildings as rental properties. This is when a rental property loan can come in handy. Visit to learn more.

This type of loan allows a person to purchase and finance the home or a piece of property that they intend to rent out. Once they own the property, they can take on tenants and earn money renting the property to others. This is a great way to make an income by becoming a landlord in Washington.

There are many types of real estate loans available for today’s home buyers. Each loan type is for a different purpose, so be sure to do a little research and apply for the correct type of real estate loan. These loans are outstanding for people who desire to become homeowners and want to stop giving their money away each month to a landlord. These loans can also help people invest in rental properties and start earning an income of their own.

For over eighty years, WECU has been helping people in Washington become homeowners by offering an assortment of home and land loans. WECU offers affordable rates and low fees and provides many other services, such as student bank accounts and educational grants.

Media Contact
Company Name: WECU
Contact Person: Media Relations
Email: Send Email
Phone: (360) 676-1168
Address:PO BOX 9750
City: Bellingham
State: WA
Country: United States

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