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Loan Programs / Rates

The following is a partial list of programs offered by Cascade Home Loans with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 360-254-0909.


Conventional Loans

Traditional loan programs that usually require 5% down and offer competitive interest rates. Documentation and fair-to-good credit are necessary.

Credit Problems

Troubled credit? Bankruptcy? Been turned down somewhere else? We offer loan programs for customers with credit problems.

Jumbo Loans

Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full document, alternate documentation and limited documentation. Cash out and No cash out refinance are allowable. Single family detached, Condo's, PUD's and single-family second homes can be financed with no prepayment penalty.

FHA Mortgage Loans

FHA loans are private loans insured by the federal government. These loans are popular with borrowers who don’t have enough funds to pay a traditional 20 percent down payment because they only require 3.5 percent down to qualify. Those who choose these loans are required to pay mortgage insurance which slightly increases their monthly payments. Lenders who wish to offer these loans must be approved by the Department of Housing and Urban Development. Please contact us today to find out if a FHA loan is right for you.

Construction Loans

A one-close construction loan makes it simple.

Building a custom home takes hundreds of decisions, but paying for it is easy with a one-close construction loan. Instead of getting separate loans for building and buying, you can get one convenient loan to cover both. There's just one application and one closing, saving you time and money, too. And now, this all-in-one loan includes higher limits, so you may be able to dream even bigger.


  • Loans up to $1.5 million for construction and up to $2 million total
  • Lock in your rate at any time
  • Easy construction draw process
  • One set of closing costs and fees
  • Interest-only payments during construction

Challenged Credit Loans

These mortgages are for borrowers with less-than-perfect credit. They can vary from slightly damaged credit to severely damaged. Regardless of your situation, we have a mortgage that will get you back on track.


Pay less on interest every month with a lower interest rate.

Make your goals happen faster with a home equity line of credit (HELOC). A HELOC lets you access your home equity to pay for home repairs, investment property, school, or whatever you want. Simply draw HELOC funds as needed and your payment will be based on the amount you borrow.

Buying a home? Save on fees by getting a HELOC and a mortgage at the same time. Then, put your HELOC toward a higher down payment to avoid mortgage insurance or have funds available for renovations, new furniture, or another large expense.

HELOC highlights:

  • HELOC amounts up to $500,000 for primary residence
  • Lower interest rates than most credit cards or personal loans
  • Multiple withdrawals allowed
  • Interest-only or interest and principal payments available
  • Interest rates fluctuate along with changes to The Wall Street Journal Prime Rate

VA Home Loans

VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. As part of our mission to serve you, we provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy. VA Home Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms.

High Debt Ratio Loans

A ratio of monthly bills to monthly income higher than 50% is considered a high debt ratio. Loan programs are available for borrowers in this situation, allowing them to finance the purchase of a home or property.

Investor Loans

Used to finance 1-4 family properties that will be for investment with as little as a 10% down payment. Aggressively priced, these programs have many variations, including: No Doc, Limited Doc, and Full Doc. Program may not be available in some states.

No (PMI) Mortgage Insurance Loans

With PMI, you pay the lender a premium in addition to your regular mortgage payments, thereby protecting the lender in case you default on the loan. In return, you are granted a mortgage with a smaller down payment. While PMI has its advantages, there are many reasons why you should try to avoid paying private mortgage insurance. Fortunately, there are also creative ways to avoid PMI and still move into your own home, even if you don't have the standard down payment.