Home Loans and Mortgages
If you are looking to buy a new home or considering a refinance of your current mortgage, contact one of our mortgage loan officers to see which option works best for you. We are the only financial institution headquartered in Douglas County, but we can finance homes in all 50 states because we’re committed to helping our members no matter where they are! Stop by one of our branches in Roseburg or Sutherlin today.
Owning your own home. It’s part of the American Dream and it’s within reach at Cascade Community Credit Union. We’ll help you find the loan that works best for you. VA loans for our veterans, or an FHA loan with as little as 3.5% down if eligible. You may even qualify for a zero money down USDA loan. Talk with one of our local loan officers about a home loan or a refinance today. Home loans, one more way Cascade Community Credit Union is there whenever you need us. Serving all of Douglas County.
First-time homebuyer? Congratulations! We’re excited to help you with your first home and want to make sure you have all the tools you need to make the right decision for you.
FHA loans have been helping people become homeowners since 1934. The Federal Housing Administration (FHA)—which is part of HUD—insures the loan, so that lenders like Cascade Community Credit Union can offer you a better deal. FHA loans are available on 1-4-unit properties. In general, FHA loans offer low down payments, low closing costs, and easier credit qualifications. For first-time homebuyers, FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price.
VA Mortgages are for servicemembers, veterans, and eligible surviving spouses who become homeowners. As part of our mission to serve you, VA Home Loans provide you with a loan guaranty benefit and other housing-related programs to help you buy, build, or retain a home for your own personal occupancy. VA Home Loans are provided by lenders, like Cascade Community Credit Union, and guarantee a portion of the loan—enabling us to provide you with more favorable terms. Your length of service or service commitment, duty status, and character of service determine your eligibility for specific home loan benefits.
This program assists approved lenders, like Cascade Community Credit Union, in providing low- and moderate-income households the opportunity to own a primary residence in eligible areas. USDA loans provide 100% financing to eligible homebuyers.
Providing affordable financing for manufactured homes hasn't always been easy - but not any longer. We are pleased to offer a variety of new purchase and refinancing products for manufactured homes. Conventional, FHA, and VA financing options available. For more information, contact CCCU.
Conventional Loans (with or without cash out)
Conventional loans follow the guidelines set forth by Fannie Mae, Freddie Mac, and the Federal Housing Finance Agency (FHFA). In the overall sphere of mortgage requirements, conventional loans are the most straightforward. Good borrower credit history, down payments, and full documentation of income and assets are the standard for loan approval. These requirements have made them a pillar of the housing market for decades.
We also offer in-house Conventional Mortgage Lending! This means your loan will always stay at Cascade Community Credit Union—not sold to another loan servicer—and your payments will be conveniently made directly to CCCU. We offer competitive rates on both owner occupied and non-owner occupied residences. And, in most cases, there are no loan fees, only third-party closing costs! Call one of our loan officers today or stop by your nearest branch in Roseburg or Sutherlin for more information.