We can customize loan programs to fit your needs & situation. Ask us how!

Cascade Mortgage has several loan programs to fit your needs. Once you have reviewed these programs, you can contact us or apply now!

Pre-Approvals

Apply today and we will provide you with a Pre-Approval Certificate. Then you can shop for your dream home and:

• You know exactly what you can afford.
• You can shop with confidence.
• The seller will take you offer more seriously knowing you are virtually a cash buyer.

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103% Home Loan

• Financing opportunity for Borrowers with excellent credit but little money for down payment.
• Zero Down plus finance 3% of your closing costs into the loan.
• Sellers may also contribute an additional 3% towards your closing costs.

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100% Home Loan

• Zero Down - buy your home with NO money down
• Little or no cash up-front - 100% of the closing costs can come from a gift or other source
• Less income required - expanded debt ratios makes it easier to qualify.
• Excellent credit history required.
• Fixed rate financing - enjoy the security of knowing what your monthly payments will be for the life of the loan.

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97% Home Loan

Even with limited or spotty credit history you can reach your dream of homeownership:

• As little as a favorable 12-month rental history required.
• An affordable 3% down payment - only 1% needs to be from your own funds and the balance can come from a gift or other sources.
• 100% of the closing costs can come from a gift or other sources.
• Less income required - expanded debt ratios make it easier to qualify.
• Fixed rate financing - enjoy the security of knowing what your monthly payment will be for the life of the loan.

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FHA Home Loans

FHA program opens up opportunities that conventional mortgages do not offer:

• Expanded Debt Ratios to 29%/41%
• Non-traditional credit history is considered
• Expanded credit criteria
• All of the down payment may be gifted
• Seller may contribute up to 6% toward the closing costs.
• Non-occupant cosigners are allowed.
• 401-k loans are not counted in the debt ratios.

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Commercial Loans

We are experts at providing commercial mortgage loans for your business, whether it be in an office building, commercial park, office park, warehouse, retail or else.

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High Ratio Fixed Rate Loans

Allows borrowers with excellent credit but limited income to buy more house:

• Allows for fifty percent (50%) of your income to be used towards the housing debt when traditional lending guidelines allow about thirty percent of your gross monthly income to be used towards the housing debt
• Available with as little as 5% cash investment
• Affords the security of a fixed payment

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Fixed Rate Mortgages

Is the right option for you if:

• You want the certainty of a fixed principal and interest payment
• Are on a fixed or tight budget
• Believe interest rates will or may go up
• Plan on staying in the same home for a long period of time

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Adjustable Rate Mortgages

This is the right option for you if:

• You plan on moving or refinancing within seven (7) years of the mortgage transaction.
• Are confident your income will increase
• Believe interest rates will stay the same or go down

Some of the many benefits of adjustable loans include the following:

• You can save thousands in monthly payments over the first few years
• No prepayment penalty
• Your payments are amortized over thirty years
• With the lower interest rate it may be easier for you to qualify for a loan
• The interest rate caps help keep payments within reach if and when the rate adjusts upward
• The rate is typically limited to a one or two percent (1-2.00%) change in either direction per adjustment and a maximum of six percent (6.0%) over the life of the loan

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No - Cost Equity Lines ($35,000.00 and up)

• Prime rate for life! The rate is indexed to Prime rate as posted in the Wall Street Journal the first calendar day of each month.
• 90% maximum combined financing (90% of the value of the house, including the first mortgage.)
• No annual fee
• Excellent credit required
• We offer a full line of equity lines and second mortgages to meet almost all needs.

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Refinance, including refinance with Cash-Out

Many homeowners have found ways to increase their monthly cash flow or obtain additional moneys for home improvement by refinancing their current mortgage:

• Payoff high interest rate credit cards
• Have additional interest deductions at tax time
• Get cash for college or weddings!
• Fixed rate or adjustable rate programs available
• 30,25,20,15 or 10-year terms
• Talk with one of our experts for a free mortgage analysis!

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Construction Loans

• Up to 95% financing
• Equity in the land (if customer owns it) can be used for down payment and closing costs
• One-time closing keeps costs low and means the rate stays the same during and after construction
• Available in fixed or adjustable rates
• 6,9 or 12 month construction periods to choose from

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Home Improvement Loans

• Purchase your home and finance the improvements in one loan.
• Programs with up to 125% of the appraised value.
• Conventional rates available.
• FHA 203k home improvement loans also.

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Specialty Income and Credit Products

• Self-Employed
• Stated Income
• No Income Verification Loans
• No Ratios
• No Cost Loans
• No Documentation Loans
• No Asset Loans
• Debt Ratios up to 60%
• Plus More

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Bridge Loans

• Use the equity in your current home to buy or build your new one
• Interest only payments for six months
• Low, low closing costs!
• Quick closings!

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Jumbo Mortgages

• Jumbo mortgages are categorized as loans in excess of $322,000.00 for single-family residences
• Fixed rate loans always vary in price between conforming and jumbo loan amounts although some adjustable rate mortgages have much higher limits prior to altering the pricing
• Available up to 2 million dollars
• Construction, purchase, refinance or refinance with cash-out O.K.
• We are luxury home specialists!

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Investment Property

• 1,2,3 or 4 unit properties
• Up to 95% financing available.

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Property Types

• Condominiums
• Commercially Zoned Residential Property
• Rural Properties
• Manufactured Housing
• Mixed Use Property

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Multifamily

• 5 plus units
• Our Commercial Division has over 19 years in multi-family lending!

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Extended Locks

• Preserve today's rates up to 60 days.

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