Compare Different Types of Home Loan Programs


This is the most common type of loan program. The traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s duration. Find out how much your monthly payments could be with Cascadia’s mortgage calculator.


Adjustable-rate (or variable-rate) mortgages include interest payments that shift during the loan’s term, depending on current market conditions. The interest rate is adjusted on a schedule based on an index.


FHA home loans are mortgages that are insured by the Federal Housing Administration (FHA) and have been around since 1938. This loan type allows borrowers to get low mortgage rates with a lower down payment, less closing costs, and flexible credit qualifying. Cascadia Home Loans can match you with an FHA-approved lender and help you understand the pros and cons of this home loan program.

VA Home Loans

VA Home loans are mortgages backed by the Department of Veteran Affairs (VA). VA loans offer military veterans additional benefits, including lower interest rates and no down payment requirement. Eligibility is determined by your length of service or service commitment, duty status, and character of service. VA loans are provided by private lenders and Cascadia Home Loans works with lenders who participate in the VA loan program.

USDA Home Loans

USDA loans are backed by the U.S. Department of Agriculture as part of its Guaranteed Housing Loan program. A USDA loan offers 100% financing and no-money-down mortgages with below-market rates for homes in eligible rural areas. There are some income requirements for this loan. Contact Cascadia Home Loans to walk through the details. To check if the property you are interested in is eligible for a USDA loan search the USDA address map.


Reverse Mortgages are equity reverse mortgages that allow senior homeowners to convert a portion of their home equity into cash while still living in the home. Contact Cascadia Home Loans if you are considering a reverse mortgage. We can help guide you through the process.

HARP 2.0

HARP 2.0 was a refinance option for homeowners that owe more on their home than their home is actually worth. This federal initiative launched in 2009 at the height of the subprime mortgage crisis. This program ended at the end of 2018.

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