Bellingham Homes with Rehab Loan Terms

Bellingham Homes with Rehab Loan Terms

Bellingham, located in Whatcom County, Washington, is a vibrant city with a rich history and a thriving real estate market. Situated in the beautiful Pacific Northwest region of the United States, Bellingham offers a unique combination of natural beauty, outdoor recreational opportunities, and a vibrant city life.

With its close proximity to the Canadian border and stunning views of the surrounding mountains and waterways, Bellingham is a popular destination for outdoor enthusiasts and nature lovers. The city boasts numerous parks, hiking trails, and waterfront areas, providing ample opportunities for residents to enjoy the great outdoors.

When it comes to real estate, Bellingham offers a variety of options to suit different needs and budgets. One notable feature of the housing market in Bellingham is the availability of homes with rehab loan terms. This means that buyers have the opportunity to purchase a property in need of renovation or repair and finance the cost of the improvements into their mortgage.

Homes with rehab loan terms can be a great option for buyers looking to customize their living space or investors seeking to add value to a property. With the right financing and a vision for renovation, buyers can turn a fixer-upper into their dream home or a profitable investment.

Whether you're looking for a charming historic home in the downtown area or a modern waterfront property, Bellingham has something to offer for everyone. With its natural beauty, vibrant community, and homes with rehab loan terms, Bellingham is a city worth considering for your next real estate investment.

Newest Bellingham Homes with Rehab Loan Terms

$2,299,000
3 Beds ⋅ 3 Baths ⋅ 2571857 MLS ⋅ ACTIVE Status
A rare South Bellingham development opportunity! This 4.56-acre property offers exceptional potential for up to 60 residential units under Bellingham’s expanded middle-housing regulations. The elevated upper portion of the property—where the existing home is situated—provides potential views of Puget Sound & the San Juan Islands. The spacious 3-bedroom, 2.75-bath home features an open floor plan, dramatic vaulted ceilings throughout the common areas & bedrooms. Floor-to-ceiling windows that fill the interior with natural light. A mini-split provides efficient heating & cooling, while the freestanding wood stove offers secondary heat and inviting ambience. Additional features include a tankless water heater and flexible possibilities for continued residential use, phased development or a larger housing project. Located on Bellingham’s desirable south side, immediately adjacent to the prestigious Samish Crest Highlands neighborhood and convenient to Lake Padden’s trails, golf course, swimming, fishing, dog park, sports courts and other recreational amenities. The seller is willing to work with a buyer who wants to subdivide and purchase a portion of the property at an agreed upon reduced price for construction of one or more homes, w/the buyer responsible for subdivision and related costs. Buyer to verify development & unit potential, subdivision feasibility and all associated requirements with the City of Bellingham.

1510 40th Street, Bellingham

Listing courtesy of Keller Williams Western Realty.

$179,900
2 Beds ⋅ 1 Baths ⋅ 2569002 MLS ⋅ ACTIVE Status
Stick built home that needs some love or scrape and build new. Bring your tools and your vision. This home needs a lot of work but is perfect for the right person. Investment property or entry level home ownership on a budget? This is for you. Ideal site for a manufactured home...Mature fruit trees, room for plenty of gardens and an unobstructed view of the Salish Sea is a few minutes' walk away. Has PSE power, well water, and a septic. Tribal members can get Lummi Water and Sewer for the additional lots.

2095 Postal Avenue, Bellingham

Listing courtesy of RE/MAX Whatcom County, Inc..

$462,500
1 Beds ⋅ 1 Baths ⋅ 2568103 MLS ⋅ ACTIVE Status
This sweet 1-bedroom Craftsman sits on a level lot in the heart of the Columbia neighborhood. The bright interior offers a comfortable living space perfect for everyday living. Outside, enjoy the flat, partially fenced backyard and a detached storage building. Lots of off-street parking and possibilities for infill. Ideally located within walking distance of local breweries, shops, grocery, dining, parks, trails, and green space. Whether it's for your Primary residence, an Investment play, or a first-time buy with upside, the location is right, and the potential is real.

2422 Kulshan Street, Bellingham

Listing courtesy of ONE Realty.

$1,200,000
3 Beds ⋅ 3 Baths ⋅ 2540011 MLS ⋅ ACTIVE Status
Rare Lake Samish waterfront opportunity - sold strictly AS-IS, WHERE-IS. Set on 0.6 acre no-bank waterfront parcel with 72+ feet of frontage on the lake's coveted northeast shore, this 1982 Northwest Contemporary offers the setting and views that simply cannot be built today. The 2,826+sf, 3-bed/3-bath home features a soaring vaulted wood ceiling, an oversized living room with a fireplace and woodstove, a kitchen with breakfast nook, formal dining, and a main-level bath with sauna. Upstairs are two guest bedrooms and a primary suite with a lake-view balcony. An attached 3+ car garage offers rare storage for boats and water-sport gear, and a private dock and float await restoration. This is a true fixer for the visionary buyer or builder. The roof has a small leak, is at the end of its economic life, and needs immediate replacement, and the home shows deferred maintenance, settling, and stress cracking; the primary bath is semi-finished. Bring your contractor and your imagination. Domestic water is drawn from Lake Samish under a WA Department of Ecology permit and treated with an advanced filtration system. Direct, no-bank Lake Samish frontage rarely comes to market. Priced to reflect condition and offered for cash or renovation financing - the real upside here is the address and the shoreline. Buyer to verify all information, square footage systems, and permitted use to their satisfaction.

859 E Lake Samish Drive, Bellingham

Listing courtesy of Muljat Group.

$440,000
2 Beds ⋅ 1 Baths ⋅ 2534614 MLS ⋅ ACTIVE Status
Bring your vision and your tool belt. Situated on just over 4.6 acres, this property offers an opportunity to create value in a rural setting. The existing 2 bedroom, 1 bathroom home is ready for its next chapter and gives the next owner a chance to invest time, effort, and improvements into the property. The property is served by the Smith Road Water Association and includes an additional water share. An older well also remains on site and may offer additional value to the next owner. With room to spread out and possible ADU opportunities subject to county approval, there are a number of paths forward for buyers looking to unlock this property's potential. Enjoy a rural setting with mountain views while still being just minutes from Barkley Village, Bellis Fair, North Bellingham Golf Course, and the P66 soccer fields, offering a convenient location close to everyday amenities and recreation.

399 E Smith Road, Bellingham

Listing courtesy of John L. Scott Bellingham.

$550,000
2 Beds ⋅ 1 Baths ⋅ 2490556 MLS ⋅ ACTIVE Status
3.9 acres, massive multi-family opportunity. Excellent location on Sunset Drive. The house has a gigantic shop (30’X60’).Lots of room for recreational toys. Live, work, or live in the house and rent out the shop. The property includes a charming 1920-built home featuring 2 bedrooms and 1 bathroom, along with two outbuildings and a pond. Inside, the living room features laminate flooring and a gas stove that provides ample heat, with a wood stove in the fireplace opening for additional backup warmth. The kitchen showcases classic fir flooring, while the bedrooms feature parquet floors, adding character and warmth throughout. Ideally located with quick access to I-5 and just minutes from local amenities, this property offers a rare blend of rural space with city convenience. Situated along the path of improvement on E. Sunset, the property presents outstanding buy-and-hold development potential for investors or those looking to secure land in a growing area. The land provides plenty of off-street parking for RVs, boats, cars, and a cleared trail leads to the lower portion of the property for easier exploration and inspection. Bring your vision—this unique property offers space, flexibility, and long-term opportunity.

3817 E Sunset Drive, Bellingham

Listing courtesy of Keller Williams Western Realty.

Start Your Search
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.