Floating Home buyers are starting to cruise the docks. It is fun to check out floating homes, and Portland is one of the few cities on the West Coast that enjoys a thriving floating home community right in the city! Financing is a bit different for floating homes. It is more expensive than regular mortgages, and it is not offered by all the banks. Your credit union may offer you a good option if your goal is to purchase a floating home. Other options are smaller banks and credit unions. This year, Banner Bank seems to have the best rates. They are offering 7.1% interest if you open a checking account there and have the house payment automatically deducted from that account. Other mortgage rates seem to be hovering in the 7.9% range. Terms are 20 to 25 years. The down payment is 20%. But the great news, financing is available!  I will offer more information on how to buy a floating home in days to come!Great Music to Cruise the Harbor. Cover image courtesy of Sauvieisland.org.