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.

*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.
 
3Available to all borrowers on a portfolio product construction loan with Cascade Federal Credit Union. This is not a commitment to lend. All lending products are subject to credit and property approval. Additional restrictions may apply.
Getting a home loan doesn't have to be difficult! Our experts will work with you throughout the mortgage process, answering your questions and offering advice every step of the way.
 
Every home purchase is unique. This step-by-step process is simply to serve as a general outline of what you can expect during the mortgage process.
 
  1. Complete a preapproval application and gather your pay stubs, bank statements and two years of tax returns. 
  2. Contact a Real Estate Agent and provide them with your pre-approval letter along with a list of your wants/needs in a new home.
  3. Once you've found the perfect home and your offer has been accepted, you'll need to sign a Purchase Agreement so we can begin the financing process.
  4. We will send you the loan estimate and early disclosures. Then we can move forward with underwriting the loan and ordering the appraisal.
  5. After the appraisal comes back and all conditions are met for underwriting, your loan will be clear to close.
  6. All documents will then be finalized and your closing date will be scheduled!
  7. On closing day, all final documents will be signed. Congratulations, you're a homeowner!
Tired of renting, but can’t afford the down payment to purchase a home? We are helping our community heroes and experts become homeowners by offering two new Arch Mortgage Guaranty Company mortgage programs! With rising home prices and mortgage rates making it challenging to afford a home, these programs allow various professionals to purchase a home with a modest or no down payment.
 
AMGC Community Heroes Program
  • Available to teachers, medical care providers, military, law enforcement and more (ask us for a full list of eligible professions)1
  • Down payment as low as 1%2
  • Gifts and grants allowed
AMGC Professional (Non-Medical) Experts Program
  • Available to accountants, non-medical doctors, architects, mortgage bankers, actuaries, financial analysts and more (ask us for a fil list of eligible professions)1
  • 0% down payment3
  • Gifts and grants allowed, with restrictions*
Connect with our home loan expert Denise Dixon to learn more and see if your profession qualifies: 469.409.5778 or Denise.Dixon@MemberFirstMortgage.com.4


1Available to all borrowers on the purchase of a primary residence using a portfolio loan product with Cascade Federal Credit Union. Valid on 1-Unit, Detached, Attached, Condos only. Minimum borrower credit score of 720. Maximum loan amount is $726,200. Not eligible on Adjustable Rate Mortgage (ARM) products with less than a 5-year initial fixed rate term. Proof of employment or other acceptable documentation is required to verify the member’s position and eligibility for the program.

21% Down payment available to Community Heroes is based on the example loan scenario: $198,000 loan amount, with a Conventional 30-year fixed rate (360 monthly principal & interest payments of $1,470.14, not including taxes & insurance); initial rate is 8.125%, Annual Percentage Rate (APR) is 8.932%. The downpayment assumes 1% cash required by the borrower with 99% loan financing. The cost of Private Mortgage Insurance (PMI) is not included in the payment and is required on loans with less than a 20% down payment.
 
30% Down payment available to Community Experts is based on the example loan scenario: $200,000 loan amount, with a Conventional 30-year fixed rate (360 monthly principal & interest payments of $1,484.99, not including taxes & insurance); initial rate is 8.125%, Annual Percentage Rate (APR) is 8.927%. The downpayment assumes 0% cash required by the borrower with 100% loan financing. The cost of Private Mortgage Insurance (PMI) is not included in the payment and is required on loans with less than a 20% down payment.
 
4Denise Dixon, MLO NMLS ID #1295994, is authorized to act as an agent on behalf of Cascade Federal Credit Union.
 
*Gift/Grants allowed for down payment, closing costs and reserves. If any funds are secured by a recorded mortgage, they are considered subordinate financing and are ineligible.

This is not a commitment to lend. All lending products are subject to credit and property approval. Refinancing an existing mortgage loan may cause the total finance charges to be higher over the life of the loan. Additional restrictions may apply. Member First Mortgage, LLC is a partner of Cascade Federal Credit Union. Denise Dixon, NMLS #1295994, is authorized to act as an agent of Cascade Federal Credit Union (18020 80th Ave S, Kent WA 98032 | (425) 251-3600 | NMLS ID: 763352) and is authorized to represent Member First Mortgage, LLC, a licensed Mortgage Lender/Servicer (Corporate Office: 616 44th Street SE, Grand Rapids, MI 49548 | (616) 538.1818 | NMLS ID: 149532). For NMLS licensing information, please visit NMLSConsumerAccess.org | Equal Housing Opportunity.

Are you ready to turn your homeownership dreams into reality? We're excited to invite you to our upcoming homebuyer webinar, where we'll guide you through the essential steps to qualify for a home loan, explore various loan products, tackle challenges in today's market, and set you on the path to successfully applying for a home loan. Join us to learn about:

Qualifying for a home loan  |  Types of loan options  |  Overcoming market challenges  |  Preparing for a home loan application  |  Benefits of home ownership

Reserve your spot today to start your journey toward homeownership.*

REGISTER NOW



*This is not a commitment to lend. All lending products are subject to credit and property approval. Refinancing an existing mortgage loan may cause the total finance charges to be higher over the life of the loan. Additional restrictions may apply. Member First Mortgage, LLC, is a partner of Cascade Federal Credit Union: 18020 80th Ave S Kent, WA 98032 | 425.251.0299 | NMLS ID: 763352. Member First Mortgage, LLC, is a licensed Mortgage Lender/Servicer (Corporate Office: 616 44th Street SE, Grand Rapids, MI 49548 | 616.538.1818 | NMLS ID: 149532). For licensing information, please visit nmlsconsumeraccess.org.







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.