Making Island Homeownership More Accessible
Owning a home on San Juan Island can feel out of reach. At The Grove, we have worked to create financing opportunities that help make homeownership more attainable for qualified buyers.
Through partnerships with trusted lenders and local programs, buyers may have access to lower fixed mortgage rates and additional funding opportunities designed to support homeownership in our community.
We work with two preferred lending partners, depending on how you plan to use your home at The Grove.
Primary and Second Home Financing:
For buyers purchasing a primary residence or second home, we can connect you with Gesa Credit Union. Current home loan specials include 10/10 ARM rates as low as 4.99% with 5.76% APR, available for purchase transactions on primary and second homes, with features that may include as little as 3% down, loan amounts up to $3 million, and a rate reset every 10 years.
Contact:
Dominick Ferraro, Sr. Home Loan Officer
(425) 260 4771
dferraro@gesa.com
Investment and Rental Financing
For buyers purchasing at The Grove as an investment or rental property, we work with Cornerstone First Mortgage. Their team can help guide you through pre qualification and financing options aligned with investment goals, timelines, and property use, while offering a straightforward process and support throughout.
Learn more:
https://cfmtg.com/mliguori
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Preferred Lending Partners
Buyers may also be eligible for additional funding support through Orcas Power and Light Cooperative’s Switch It Up program.
This program is designed to encourage energy efficient housing while supporting homeownership opportunities within the San Juan Islands.
Potential benefits may include:
Additional funding assistance for qualifying buyers
Programs designed to support energy efficient homes
Opportunities that help lower the overall cost of homeownership
Eligibility requirements and funding availability may apply.
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OPALCO Switch It Up Program
If you are considering purchasing a home at The Grove, getting pre qualified can help you understand your financing options and next steps.
Pre-qualification can help you:
Understand your potential monthly payment
Determine the price range that works for you
Move quickly when a home becomes available
Our team can connect you with our preferred lending partner to begin the process.
