floating homes on Sauvie Island

Refinance your Floating Home

new loan for the same home

Get more out of life on the water

Are you interested in getting a better deal on your existing floating home loan? Discover refinancing options available to you and discover the exciting possibilities ahead.

Refinancing Process


Get Pre-Approved

Getting a home equity loan to refinance your floating home starts with getting a pre-approval. We recommend applying for the most you might need. When you’re ready to move forward we’ll sign initial documents and get started.


Inspect and Appraise

The float will be inspected to find any issues, and we’ll get an appraisal to find the value. The float inspection must pass with a minimum three rating and life expectancy of 15-20 years.


Sign Final Documents

We’ll work with you and a title company to get all the other pieces in place. Once everything’s ready, you’ll sign the final documents and we’ll be done!

Loan Options

Refinancing your home loan should be simple, that’s why we offer three refinance loan options for owner-occupied, investment, and vacation floating homes in Oregon. Financing available up to 70-80% of the value of your home.

15-Year Fixed-Rate Loan

7-Year Balloon Loan

Home Equity Line of Credit

You don’t need to choose which loan option you are applying for to start your application process. We’ll work with you to determine which is best for you.

Current Rates

Floating Home Loan


Annual Percentage Rate

1% loan origination fee
Member pays third party closing costs
Purchase or refinance

15 year

8.75% – 11.00%

7 year balloon 

(30 year amortization)

9.00% – 11.25%

Floating Home Equity Line of Credit


Annual Percentage Rate

Variable rate is based on the Prime rate as published in the Wall Street Journal on the first day of the month and subject to change on the first day of the following month. 3.75% floor; 18% ceiling.

Member pays third party closing costs.

15 year amortization with 10 year draw

9.50% - 10.00% variable

Refinance your Floating Home

Get in Touch

Call: 503-220-2592

Email: floatinghomes@trailheadcu.org

Send a secure message through Digital Banking.

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Come on in!

Visit any of our branches:

Old Town: 221 NW 2nd Ave, Ste 100

Mississippi: 3904 N Mississippi Ave

Division: 3354 SE Division St