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
- Fixed-rate mortgages
- 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.)
- Getting a lower interest rate
- Prompt decision-making
- Friendly and attentive service throughout the process
- 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.
- 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
- 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
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- 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.
- Complete a preapproval application and gather your pay stubs, bank statements and two years of tax returns.
- 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.
- 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.
- We will send you the loan estimate and early disclosures. Then we can move forward with underwriting the loan and ordering the appraisal.
- After the appraisal comes back and all conditions are met for underwriting, your loan will be clear to close.
- All documents will then be finalized and your closing date will be scheduled!
- On closing day, all final documents will be signed. Congratulations, you're a homeowner!
- 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
- 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*
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.
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.*
*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.