Home Loans
HOME PURCHASE & REFINANCE OPTIONS
Conventional Mortgage Loans
Pacific Cascade Conventional Mortgage loans are great for new purchases or to refinance your existing mortgage, with a variety of loan terms of 15-year, 20-year and 30-year options to fit your needs. Maximum loan amount not to exceed 80% of the property’s appraised value. Contact us for current rates; rates may vary depending on credit score and loan term. We have several loan options. Our mortgage experts can help you determine the best loan for you. We have a helpful workbook to walk you through the home loan process. Click here for the Home Loan Toolkit booklet.
Do you have less than a 20% down payment or are you a first time home buyer? Interested in FHA,VA,USDA loans? Looking to refinance your home for a lower rate or to get cash out but need to borrow more than 80% of your home’s value? If yes, click here to learn more!
Try our online financial calculator below:
Features
- Check our rates here
- Purchase a home with at least 20% down payment
- Straight Refinance or Refinance with Cash Out
- NO Points!
- NO loan application fee!
- And of course, members must meet all credit requirements and normal applicable fees apply
*APR = Annual Percentage Rate. Calculated on $100,001.00 balance, 15-year term = 6% Interest Rate with a 6.31% APR (Based on fees & prepaid interest total of $2,002), Payment $843.86; 20-year term = 7% Interest Rate with a 7.27% APR (Based on fees & prepaid interest total of $2,085), Payment $775.31; 30-year term = 7% Interest Rate with a 7.21% APR (Based on fees & prepaid interest total of $2,085), Payment $665.31; Balloon Payment Term (30-yr Due in 15-yr) = 6.75% Interest Rate with a 6.96% APR (Based on prepaid interest total of $2,065), Payment $648.60 with a final balloon payment of $73,945.
Try our online financial calculator below:
VACATION HOME PURCHASE & REFINANCE OPTIONS
Second Home Mortgage Loans
Looking to get a vacation home? We offer financing for this purchase. We can also refinance for a competitive rate or cash out.
IDEAL FOR FINANCING:
- Vacation or summer homes
- Cabin getaways
- Beach or lake houses
- Mountain retreats
FEATURES:
- Minimum loan amount: $100,001
- Check our rates here
- Fixed Terms: Minimum 15 years. (Example: 180 monthly payments of $898.84 per $100,001 borrowed at 7.00% APR) – 20-year term (Example: 240 monthly payments of $828.69 per $100,001 borrowed at 7.875%)
- Balloon Terms: Minimum 15 years with balloon payment. (Example – Loan for $100,001 at 7.25% APR amortized for 30 years with a balloon due in 15 years = 180 monthly payments of $682.18 with a balloon payment due of $74,730).
- Up to 80% Loan to Value
Try our online financial calculator below:
RENTAL PROPERTY LOAN OPTIONS
Investment Property
Buying or refinancing a 1-4 unit investment property? We offer fixed-rate loan options, no prepayment penalties, and local servicing you can count on.
FEATURES:
- Available for Purchase or Refinance
- Down payment range of 25% to 35%
- Based on number of units
- 1-4 Unit properties
- Minimum Loan Amount $100,001
- Fixed Rate
- Terms Available
- 15-Years
- 30-Year Due in 15-Years (Balloon)
- No Prepayment Penalties
- Your loan stays with us (not sold or transferred to another lender/servicer)
To get more details on investment property mortgage loans and rates, call 541.343.6238 today.
Try our online financial calculator below:
FIXED RATES, FIXED PAYMENTS, FLEXIBLE TERMS
Home Equity Loans for First Lien
UP TO $250,000 (FIRST LIENS)
This is a 1st lien home equity loan, also known as a Mortgage Retirement Loan. It is designed for homeowners with substantial equity who may be approaching retirement. If your goal is to “retire” your mortgage debt and pay off your home more quickly, we offer competitive rates and flexible terms to meet this goal.
If you already own your home free and clear, you can tap into your equity for home improvements, debt consolidation, or other financial needs. A first-lien home equity loan is a more cost-effective borrowing option than a traditional mortgage, with significantly lower closing costs, potentially saving you thousands of dollars.
IDEAL FOR FINANCING:
- Kitchen or bathroom remodels
- Home additions and upgrades
- Outdoor like decks, pools, or shops
- Major repairs like roofing or HVAC
- College expenses
- Debt consolidation and more
FEATURES:
- Minimum loan amount: $20,000
- Maximum loan amount: $250,000
- Check our rates here
- Fixed Interest Rate (the rate will stay the same throughout the life of the loan)
- Fixed Terms: Minimum 7-year (or 10-, 12-, 15-year terms also available). (Example: 120 monthly payments of $59.70 per $5,000 borrowed at 7.625% APR)
- Up to 80% Loan to Value
- Flat fee of $595, unless an appraisal is required. If an appraisal is required, the member is responsible for cost. Flat fee of $595 should save members hundreds in loan fees (between $650 and $2,000 in loan fees)
- Owner occupied properties only (property can be located anywhere in Oregon)
- No Balloon payment option available
- Perfect for securing a first-lien loan with your home to obtain a low interest rate and pay it off quickly
Try our online financial calculator below:
Home Equity Loans for Second Lien
A Home Equity Mortgage Loan lets you use the equity in your home to borrow for any reason. There is a fixed term and payment to give you peace of mind.
IDEAL FOR FINANCING:
- Home renovation projects
- Property improvements and updates
- Outdoor upgrades like decks or pools
- Roofing, flooring, and HVAC improvements
- Education expenses
- Debt consolidation and more
FEATURES:
- Minimum loan amount: $5,000
- Maximum loan amount: $125,000
- Check our rates here
- Fixed Terms: minimum 10-year (15-year term also available). (Example: 120 monthly payments of $62.35 per $5,000 borrowed at 8.625% APR)
- Up to 85% Loan to Value
- For owner occupied single family home and/or duplex properties only (excludes manufactured homes, townhomes and condos)
- No Balloon payment option available
- Perfect for home improvement, debt consolidation, or other needs.
Try our online financial calculator below:
WHAT YOU SHOULD KNOW ABOUT HELOCs
Here is a pamphlet from the CFPB that should answer just about any question regarding HELOCs you may have – HELOC Brochure. For a Spanish version of the brochure, click here. For more details on important terms of our Home Equity Line of Credit Plans, please read our Home Equity Early Disclosure.
TAX DEDUCTIBILITY
You should consult a tax advisor regarding the tax deductibility of interest and charges for the HELOC Plans.
MORE OPTIONS
Not sure which Home Equity Line of Credit loan best fits your needs? Visit one of our branches or call us today to speak with an experienced mortgage advisor to discover the best product for you.
GET STARTED
The approval process is simple and our rates are low. Click the Apply Now link below and start those home improvements!
ASK ABOUT OUR CURRENT 2.65% APR* INTRO RATE† & WAIVED FEES‡
Home Equity Line of Credit Loan Products
A Home Equity Line of Credit lets you borrow against your home’s equity for renovations, large purchases, debt consolidation, and more. We offer both variable-rate and fixed-rate options so you can choose the solution that fits your needs.
IDEAL FOR FINANCING:
- Planned and ongoing borrowing needs
- Land or property purchases
- Remodeling and renovation projects
- Major repairs and system upgrades
- Debt consolidation and more
Variable Rate Plan
Perfect for immediate or future needs using your home equity! Longer draw period, higher borrowing power, no need to refinance when rates drop!
Ask us about our special offers, contact us today! Interested in scheduling a virtual meeting? Click the live chat button on the bottom right of your screen to schedule.
FEATURES:
- Minimum credit limit: $10,000
- Maximum credit limit: $250,000
- Variable interest rate tied to Prime Rate (prime + 0.50 to 2.00% determined by credit score) with an annual cap of 3% and a lifetime cap of 12%, subject to change on the 1st day of each month
- Maximum term: 15 years with a ten-year draw period
- Up to 85% Loan to Value
- Payment amount: 1% of the outstanding balance ($50 minimum)
- Rate will never be greater than 18% or the maximum rate allowed by law, whichever is less
- For owner-occupied single-family homes and/or duplex properties (excludes manufactured homes and rentals)
- Owner-occupied tandem/townhouse homes and condominiums are eligible if owned free and clear or if we pay off the mortgage with the new HELOC
- Check our rates here
For more details on important terms of our Home Equity Line of Credit Plans, please read our Home Equity Early Disclosure.
Fixed Rate Plan
FEATURES:
- Minimum credit limit: $5,000
- Maximum credit limit: $250,000
- Fixed interest rate (the rate will stay the same throughout the life of the loan)
- Maximum term: 15 years with a five-year draw period
- Up to 80% Loan to Value (LTV)
- Payment amount: 1% of the outstanding balance ($100 minimum)
- For owner-occupied single-family homes and/or duplex properties (excludes manufactured homes and rentals)
- Owner-occupied tandem/townhouse homes and condominiums are eligible if owned free and clear or if we pay off the mortgage with the new HELOC
- Check our rates here
*APR = Annual Percentage Rate
†Promotional APR is good through December 31, 2026. On January 1, 2027, the APR will convert to the current variable rate in effect at that time.
The variable rate is based on the published Prime Lending Rate in the Wall Street Journal in effect 15 days prior to the 1st of the month, plus a credit determined margin.
Regular rate as low as 7.25% APR* as of 01.01.2026
‡For the waived fees: If the HELOC is paid off and closed within 24 months of opening the plan, the member is responsible for reimbursing all waived fees. Typical waived fees range from $545 to $750.
For more details on important terms of our Home Equity Line of Credit Plans, please read our Home Equity Early Disclosure.
Home Improvement Plan
No equity? No problem! The Home Improvement Plan is a line of credit that works well for first time homeowners and those who haven’t built up enough equity to qualify for traditional home equity products.
- Perfect for small home improvement projects between $5,000 to $30,000
- No equity required in your home
- A way to help you protect your investment by making smaller repairs
- Waived processing fees (if closed within 24 months, these become collectable)
IDEAL FOR FINANCING:
- Smaller remodeling projects
- Kitchen or bathroom updates
- Decks, patios, and outdoor living projects
- Roofing, flooring, and HVAC improvements
- Home maintenance and property upgrades
- Other planned home improvement expenses
FEATURES:
- Minimum credit limit: $5,000
- Maximum credit limit: $30,000
- Check our rates here
- Variable interest rate tied to Prime Rate (prime + 3.0) with an annual cap of 3% and a lifetime cap of 9%, subject to change on the 1st day of each month
- Maximum term: 10 years with a two-year draw period
- Payment amount: 1.5% of the outstanding balance ($100 minimum)
- Loan processing fees: $0 to member (Credit Union covers these costs for you)
- Rate will never be greater than 18% or the maximum rate allowed by law, whichever is less
- For owner-occupied single-family homes and/or duplex properties (excludes manufactured homes and rentals)
- Owner-occupied tandem/townhouse homes and condominiums are eligible if owned free and clear or if we pay off the mortgage with the new HELOC
For more details on important terms of our Home Equity Line of Credit Plans, please read our Home Equity Early Disclosure.
TAP INTO YOUR EQUITY WITH NO MORTGAGE PAYMENTS REQUIRED! (MUST BE 62 OR OLDER)
Reverse Mortgage
To apply for a Reverse Mortgage also known as a Home Equity Conversion Mortgage (HECM), please contact Pacific Cascade Federal Credit Union
Toll Free Number (800) 477-3328 or (541) 343-6238
Email: mortgagedept@pacificcascade.org
GENERAL ELIGIBILITY:
- 62+ Years of Age | Primary Residence Only
- Eligible property type: Single-family home, 2-4 unit owner-occupied home, FHA approved condo, manufactured home.
FEATURES:
- No monthly mortgage payments
- Growing line of credit
- Non-recourse loan
- Mandatory counseling
- Financial assessment
- California cool off period
- Origination fee capped
- Interest rate fully disclosed and capped
- Protection for non-borrowing spouse and heirs
NOTICE OF ERROR OR REQUEST FOR INFORMATION: if you have a mortgage loan with us at Pacific Cascade and you have questions or wish to report an error(s), please submit your comments and/or concerns to Pacific Cascade Federal Credit Union, 1075 Oak Street, Eugene, OR 97401. Attention: Member Solutions Department.