Cascade Mortgage has over 100 loan programs to meet your needs

The right type of mortgage depends on many factors, including your current financial outlook, how you expect your finances to change, and how long you intend to keep your home. We can customize loan programs to fit your needs and situation. Once you have reviewed these options, please contact us to start your home loan process.

Loan Programs

Purchase

 Today is the perfect time to buy your first home or your dream home. The market conditions in most areas are allowing people to take advantage of great bargains. We are committed to participating in this excellent time of opportunity by helping you consider the many home purchase options and find the right lender to make your dream a reality.

Refinance

 Home loan refinancing programs help you lower your interest rate, get a fixed rate, reduce your monthly payments, pay off high interest consumer debt, improve your cash flow, or utilize some of the equity in your home to achieve your financial goals, now and in the future! Our customers have learned that in today's ever changing market, leveraging real estate to maximize your tax deductions and improve your overall financial situation is critical to increasing your wealth.

FHA Home Loans and Streamline Refinances

 FHA home loans are perfect for first-time homebuyers or homeowners with less than perfect credit. This program offers lower, more affordable interest rates because the FHA guarantees the loans, thus insuring the lender funding the loan. This is a perfect solution for current subprime woes and ARM resets. Refinance an adjusting ARM, get a lower fixed rate, or get cash out up to 95% of your home's value. FHA Secure home loans can also help homeowners who are behind on their payments avoid a potential foreclosure.

VA Loans

 The federal government recently improved the VA loan program, making it even more attractive to the nation's 30 million veterans and active military service personnel.

Conventional Loans

 Conventional loan programs are conforming long-term, fixed rate and adjustable loans that meet Fannie Mae and Freddie Mac loan amounts, property, and borrower guidelines.

Fixed Rate Mortgages - 30, 20, 15, or 10 year terms

 These loan programs have fixed interest rates for the entire term of the loan and therefore have the same payment each month until the loan is paid in full. The shorter the amortization term the higher the payment and lower the rate. A shorter term will also have a greater amount paid toward the principal balance versus interest every month.

Interest Only Mortgages

 With an interest only loan program, the borrower pays only the interest that accrues on the loan balance each month. Because each payment goes toward interest only, the outstanding balance of the loan does not reduce with each payment. Gain more control over your monthly cash flow with flexible payment options.

7/1, 5/1, 3/1 LIBOR or Treasury ARMs

 With these Adjustable Rate Mortgages, the interest rate and payments are adjusted as frequently as every month or once every year. The rate and payment is fixed for an initial period. For example, a 7/1 ARM has a fixed rate and monthly payment for 7 years before it starts adjusting (possible up or down) annually. Most customers choose an ARM because it has a lower start rate and payment versus a fixed rate mortgage.

Jumbo Loans

 A jumbo loan program is any loan greater than the maximum conforming loan size limit of $417,000 by Fannie Mae and Freddie Mac, who hold the underlying securities from mortgage originators.

Construction Loans

 Construction loan programs are designed for new home, remodeling, lot purchase and permanent financing for residential properties. Build your dream home or expand to accommodate a growing family! A single closing can take you from construction to completion.

Home Equity Line of Credit

 A home equity line of credit is a form of revolving credit which your home serves as collateral. It is basically a credit card that is secured by the equity in your home wih low interest rates available, flexible access to funds, potential tax advantages, and only pay interest on what you need to draw. Many homeowners use this loan program for major purchases, debt consolidation, college, travel, and wedding expenses, as well as home improvement.

Investment Properties and Second Homes

 Typically, these loan programs require a higher down payment for purchases and have higher interest rates and fees.

Reverse Mortgages

 This loan program is for homeowners who are retired or are considering retirement, age 62 and older, and wish to increase their monthly income. A reverse mortgage allows homeowners to convert part of the equity in their home into tax-free cash payments. The best part about this special type of loan program is that there is no repayment required while the home is used as the borrower's primary residence.