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Investment property loans · WA

Hard money, fix and flip and DSCR loans in Washington

Washington investors bring us deals from Puget Sound to Spokane: older houses to renovate in Seattle and Tacoma, and rentals in Spokane and Vancouver. Washington's statewide rent rules and city rental codes shape the numbers, so we go over them with you.

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Markets

Where we lend in Washington

Cities we lend in include Seattle, Tacoma, Spokane and Vancouver, and the towns around them.
Seattle and King CountyEarly 1900s Craftsman and Seattle box houses to renovate, and townhouses where older houses come down, as in the Central District.
Tacoma and Pierce CountyOlder houses in the North End, where nearly 80 percent of the North Slope's homes were built before 1930, and around Hilltop and the Lincoln District, bought to rent or renovate.
Spokane and VancouverCraftsman-era neighborhoods and the Gonzaga University area in Spokane, and rentals in Vancouver, across the Columbia River from Portland.

Washington

Loans by city in Washington

Each city has its own page: the neighborhoods investors buy in, the housing and the local rules worth checking before an offer.

Loan programs

Loans for Washington real estate investors

Pick the loan that fits the deal: short-term money to buy, renovate or build, or a long-term loan to hold the property. Published limits are subject to appraisal and underwriting.
Long-term

DSCR rental loans in Washington

30-year loans for Washington rentals of 1–4 units, fixed or adjustable, qualified on the rent with no personal income verification: up to 85% of the price on a purchase, with loans from $75,000.

Purchase LTV up to85%
Term30 years
Income docsNot required
Loans from$75K

Subject to appraisal and underwriting.

DSCR loans: terms and requirements
Short-term

Fix and flip loans in Washington

Buy and renovate in Washington with up to 95% of the price and 100% of the rehab budget, on a 12–18 months interest-only loan with no prepayment penalty when the house sells.

Purchase price up to95%
Rehab funded up to100%
Term12–18 months
Prepayment penaltyNone

Subject to appraisal and underwriting.

Fix and flip loans: terms and requirements
Short-term

Bridge loans in Washington

Close quickly on a Washington property with up to 95% of the cost financed and a 12–18 months interest-only term, then sell it or refinance onto a long-term loan. No prepayment penalty.

Leverage up to95% LTC
Term12–18 months
PaymentsInterest only
Prepayment penaltyNone

Subject to appraisal and underwriting.

Bridge loans: terms and requirements
Short-term

Ground-up construction loans in Washington

Financing for new builds in Washington, from spec homes built to sell to rentals built to hold. Every project is quoted on its plans, budget and builder.

Quoted on your deal.

Construction loans: get a quote
Long-term

Multifamily and commercial loans in Washington

Financing for Washington apartment buildings of five units or more, mixed-use and commercial property, quoted on the building's income.

Quoted on your deal.

Multifamily and commercial: get a quote

Good to know

Before you buy in Washington

Local things that change a deal's numbers or its closing date. Check them before you make an offer.
  • Washington charges a graduated real estate excise tax on sales of real property unless an exemption applies: 1.1% on the part of the price up to $525,000 in 2026, with higher rates above that, plus a local rate that is 0.5% in Seattle, Tacoma, Spokane and Vancouver. The seller usually pays it, and the state thresholds change on January 1, 2027. Put it in the resale costs on a flip.
  • State law caps rent increases at 7% plus inflation or 10%, whichever is lower, over any 12 months: 9.683% for 2026 and 10% for 2027. Rent can't go up in the first 12 months of a tenancy, and tenants need at least 90 days' written notice. Some properties are exempt, so check before you count on a rent increase in a DSCR.

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Have a Washington property in mind?

Contact details first, then single-tap answers on the property, the amount and when you need to close. A loan officer phones you back with terms.
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United Lending LLC offers business-purpose financing secured by non-owner-occupied investment real estate. We do not offer loans for personal, family or household purposes, or loans on owner-occupied primary residences.

Questions

Loans in Washington: common questions

Do you offer hard money loans in Washington?

Yes. United Lending LLC offers private real estate financing for investors in Washington: short-term fix and flip and bridge loans sized on the deal, 30-year DSCR loans sized on the rent, and construction and multifamily financing quoted per deal. We're headquartered in Brooklyn, New York, and lend nationwide.

Do you lend in Washington?

Yes. United Lending LLC offers business-purpose financing on investment property across Washington, including Seattle, Tacoma, Spokane and Vancouver. Tell us the property's address on the form and a loan officer will confirm the details on the first call.

Which loans can I get for a Washington property?

Fix and flip loans of up to 95% of the price and 100% of the rehab budget, and bridge loans up to 95% loan-to-cost, both on 12–18 months interest-only terms. DSCR rental loans are 30-year loans on 1–4 unit rentals, fixed or adjustable, up to 85% loan-to-value on a purchase and 80% on a cash-out refinance; those are separate limits, not one combined offer. Construction and multifamily loans are quoted per deal. All limits are subject to appraisal and underwriting, and every loan is for property you invest in, not a house you or a relative will occupy.

Is there a prepayment penalty on a Washington loan?

There's no prepayment penalty on fix and flip or bridge loans. DSCR rental loans come with a choice of prepayment terms, from none up to five years, set out in your written terms before you commit.

Do I need to live in Washington or have an LLC there?

No. Many of our borrowers invest outside the state they live in. You can borrow in your own name or through an LLC; if the LLC was formed in another state, your loan officer will tell you what's needed before closing.

Where we lend

More states with local pages