Portfolio Lenders in Washington State

[Julian Buick]

I just talked to Columbia Bank and they assured me that they sell all of their mortgages to FNMA and do not hold any in house. They told me they do not know of any local banks that hold any of their mortgages in house. They all sell them to FNMA. I just started picking up properties as buy and holds and will be limited by the amount I can get fairly quickly. Does anyone have any recommendations in Washington State (Western Washington) for local banks that keep their mortgages in house and don't have to abide by the FNMA guidelines. I'm not as concerned about the downpayment as I am about the 6 months of reserves required to be held in an account for each of the properties.