So, Washington Federal, Sterling Savings, US Bank, Boeing Credit Union, First Security Bank, Seattle Funding Group, private individuals with lots of money, or mortgage brokers, etc. are some choices. But, as I mentioned, any bank can be a portfolio lender if they choose. There are choices like private/harder money lenders that charge higher points and interest rates but you have to find out whether that makes sense for your particular situation. I spent 17+ years doing private money. That is a very viable source and probably the biggest source for speculative construction lending at this time.
Please contact me if you have any questions. If we will not be the best fit, perhaps I can point you in a direction that may fit your needs, including other portfolio lenders. Contact me at:
2012 Seattle Magazine 5-Star Lender
Union Bank just moved here from California and they have some good products too. Very unique guidelines and products for home lending. Like Washington Federal, brokers can work with them so you can contact a broker and they can share the differences between Washington Federal, Union Bank and others to get you the best product and price.
Even the portfolio lenders follow Fannie Mae and Freddie Mac guidelines in case they ever want to sell those loans. If your situation makes sense as a good viable loan, the three above lenders may portfolio it. You best option is to do a consultation with a well experienced, knowledgeable mortgage broker with at least 10 years experience to help you navigate the daily changes occuring in the mortgage industry. I have a daily working relationship with such a broker and would be happy to introduce you.
You can contact me at http://www.karenmcknight.com .
Good luck to you in any case,
Isaac Real Estate Team
Champions Real Estate Services
TriStar Finance #MLO-107799
Office: 425-483-6849 Cell: 206-841-9976
Winner of Seattle Magazines 5 Star
Real Estate Agent Best in Client Satisfaction Award
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