10/30/2026
HOUSEBOAT (FOWR) LENDING UPDATE:
Email from Sound Community Bank:
"Hi there Linda, I hope this finds you well!
We are still lending on floating homes, but have ceased to lend in leased moorage situations (what we call houseboat internally, if someone has a houseboat / FOWR and owns their slip, we are still good). Things always change, so we may open it back up in the future, but for now we have shutdown houseboats. We will continue to work with folks who have existing houseboat loans that balloon and need refinancing etc."
Best,
David Raney
EVP | Chief Banking Officer
CEO Council Member
email | [email protected]
phone | 206.436.8574
fax | 866.305.2376
web | www.soundcb.com
NMLS #646164