Home Loans & Refinancing

Make buying your first, second or vacation home affordable and easy with Cascade FCU. We'll even help you search for homes and connect with an agent. Or refinance with us for a variety of benefits.



  • Finance the home you want, at a rate you can afford
  • Competitively low rates for home purchase or refinance
  • Available for primary residence, second homes, vacation homes or investment properties
  • A wide range of terms customized to your unique situation
  • A wide range of financing programs available:
    • Fixed-rate mortgages
    • First-time homebuyer programs
    • Adjustable rate mortgages (ARMs)
    • USDA rural housing loans
    • FHA loans
    • VA loans
  • Get preapproved for extra confidence when it comes to securing financing
  • Refinance your current home. We can help you evaluate your reasons for refinancing, which may include:
    • Getting a lower interest rate
    • Building equity in your home faster
    • Consolidating debt
    • Switching from an ARM to a fixed-rate loan
    • Getting a loan that recognizes your improved creditworthiness
    • Using the equity in your home to get cash out to fund other costs (remodel, large purchases, etc.)
  • Prompt decision-making
  • Friendly and attentive service throughout the process
Cascade Federal Credit Union is partnered with Member First Mortgage to be able to offer our members a wide range of financing programs:

  • Fixed-rate mortgages: Rest easy with predictable payments and a rate that won't increase if the market does.

  • Adjustable rate mortgages (ARMs): Increase your purchasing power and/or keep your payments lower during the first several years of your loan. The initial interest rate with an ARM is often lower than a long-term fixed-rate mortgage because it will adjust after a number of years. We have various adjustable rate options, ranging from 5-year to 15-year.*
    • With ARMs, the numbers matter. The first number listed tells you the length of time your initial interest rate lasts. The second number tells you how often the rate adjusts after that. So a “5/5 ARM” means the rate will remain the same for the first 5 years, then adjusts in 5-year increments for the life of the loan. A “15/15 ARM” means the rate remains the same for the first 15 years, then adjusts only one time at the 15-year mark, for the remaining term of the loan.

  • Refinance options: 
    • Shorter-term with no closing costs: Our Rapid Mortgage may be able to help you pay your loan off quicker, save on interest or maybe even both. Terms range from 5- to 20-years with competitive rates and no closing costs.1
      Contact us to get started with a Rapid Mortgage
    • Longer-term & other options: We also offer a variety of longer-term mortgage refinance options including 30-year fixed rate2, adjustable rate and low down payment.
  • Low down-payment options:
    • USDA rural housing loans: If you live in a rural area as designated by the U.S. Department of Agriculture and meet specific income and other eligibility requirements, you can become a homeowner (or refinance your current home) with no down payment, competitive fixed rates and access to a variety of other cost-saving options.

    • FHA loans: Finance your home with a down payment as low as 3.5%; lower credit scores are even considered for FHA loans.

    • VA loans: Military veterans and active servicemembers are eligible and can benefit from easier qualifying guidelines and low down-payment options.
Member First Mortgage, LLC NMLS ID#149532

*Available to all borrowers with a minimum credit score of 670, on a conventional 15/15 ARM loan product with Cascade Federal Credit Union. Eligible on primary residence only. Maximum Loan-to-Value (LTV) is 95%. The amortization for this product is 30 years (360 monthly loan payments). Rate for the first 15 years to be priced at the current 15-year fixed rate plus loan level price adjustments. After the first 15 years of amortization, the loan will adjust to the current qualifying rate for a 15-year fixed mortgage (beginning at the 181st payment month), using a 6-month Secured Overnight Financing Rate (SOFR) index plus 2.5% margin, not to exceed an increase of 5 percentage points for the remaining 15-year loan term. AII lending products are subject to credit and property approval. Terms, conditions and interest rates are subject to change without notice. Certain restrictions may apply and vary based on borrower qualification and collateral conditions. Refinancing an existing mortgage loan may cause the total finance charges to be higher over the life of the loan. This is not a commitment to lend. This product may not be combined with any other promotion or discount points. Additional restrictions may apply. Cascade Federal Credit Union: 18020 80th Avenue S, Kent, WA 98032; Phone: 425.251.3600 ; NMLS ID# 763352. Equal Housing Opportunity.
 
1No closing costs unless an appraisal is needed or if the mortgage is closed within the first 24 months. Loan-to-value restrictions apply. 
 
2Certain restrictions may apply and may vary based on borrower qualification and collateral conditions. This is not a commitment to lend. Additional restrictions may apply.
Cascade FCU has a new mortgage option available that can help you combat the back-on-the-rise mortgage rate environment. Introducing our 15/15 adjustable-rate mortgage (ARM), allowing you to lock in a lower rate for the first 15 years—at which point, the rate will adjust once, where it will remain for the rest of the loan term.
  • Take advantage of upfront savings
  • Lock in a lower fixed rate for 15 years* (rates may vary and payments may increase after 15 years)
  • Only one rate adjustment
  • No prepayment penalty if you refinance later

*Available to all borrowers with a minimum credit score of 670, on a conventional 15/15 ARM loan product with Cascade Federal Credit Union. Eligible on primary residence only. Maximum Loan-to-Value (LTV) is 95%. The amortization for this product is 30 years (360 monthly loan payments). Rate for the first 15 years to be priced at the current 15-year fixed rate plus loan level price adjustments. After the first 15 years of amortization, the loan will adjust to the current qualifying rate for a 15-year fixed mortgage (beginning at the 181st payment month), using a 30-day Secured Overnight Financing Rate (SOFR) index plus 2.5% margin, not to exceed an increase of 5 percentage points for the remaining 15-year loan term. AII lending products are subject to credit and property approval. Terms, conditions and interest rates are subject to change without notice. Certain restrictions may apply and vary based on borrower qualification and collateral conditions. Refinancing an existing mortgage loan may cause the total finance charges to be higher over the life of the loan. This is not a commitment to lend. This product may not be combined with any other promotion or discount points. Additional restrictions may apply. Cascade Federal Credit Union: 18020 80th Avenue S, Kent, WA 98032; Phone: 425.251.3600 ; NMLS ID# 763352. Equal Housing Opportunity.








Home equity line of credit

Turn your to-do list into a ta-da list.

Use the equity in your home for ongoing financing. The possibilities are endless... home improvements, education expenses, debt consolidation, emergency reserve.