Home Purchase
Find your next home with a mortgage built for clarity
Compare our purchase mortgage options
We offer fixed-rate and adjustable-rate mortgages designed to match different financial situations. Review the programs available to you based on loan amount, down payment, and property type. All rates reflect current market conditions and are subject to your individual qualification.
Rates as of
| Loan type | Rate | APR |
|---|---|---|
| 30-Year Fixed Rate Most popular option with consistent monthly payments for three decades | 6.500% | 6.625% |
| 15-Year Fixed Rate Build equity faster with accelerated payoff and lower total interest paid | 5.750% | 5.900% |
| 7/1 Adjustable Rate Lower initial rate with adjustment after seven years, ideal for shorter ownership timelines | 6.250% | 7.125% |
APR calculations assume a loan amount of 80% loan-to-value on a single-family home, standard underwriting timeline, and borrower-paid closing costs. Your actual APR may differ based on credit profile, property characteristics, and current market rates.
Rates shown are current as of the date published and are subject to change without notice. Actual rates depend on credit score, down payment percentage, loan term, property type, and occupancy status. Floating rate locks are available during the application process. Comparison shopping is encouraged. This table is for informational purposes only and does not constitute an offer or commitment to lend.
Why choose Cascade Point for your purchase
We handle the details so you can focus on finding the right property. Our approach centers on transparency, straightforward communication, and a process designed to move efficiently without cutting corners.
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Clear Process
We walk you through each step from pre-qualification through closing. You'll know what to expect at every stage, including timelines, documentation needs, and costs involved.
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Flexible Programs
Whether you're putting down 3 percent or 20 percent, buying a single-family home or investment property, we have options structured for your situation and timeline.
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Direct Support
Work with a loan officer who understands your local market and can answer questions without passing you between departments. We're available throughout your transaction.
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Your path to homeownership
The mortgage process unfolds in three main phases. We'll guide you through pre-qualification and rate selection, then move into underwriting and appraisal, and finally prepare you for closing. Each phase has clear deliverables and timelines so you understand where you stand.
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Pre-Qualification & Rate Selection
3-5 business days
Start by providing basic financial information. We'll discuss which loan program aligns with your down payment and timeline. You can lock a rate during this phase, protecting your pricing while we gather documentation.
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Underwriting & Appraisal
7-10 business days
Our underwriting team reviews your complete financial profile. The appraisal confirms the property value and condition. We'll request any additional documentation needed to move forward.
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Clear to Close & Final Walk-Through
2-3 business days
Once underwriting approves your loan, we prepare closing documents. You'll conduct a final walk-through of the property, confirm details, and sign papers at closing.
Frequently asked questions about purchase mortgages
Find answers to common questions about buying a home, selecting a loan program, and working with Cascade Point through your transaction.
What documentation will I need to provide?
You'll need recent pay stubs, tax returns for the past two years, bank statements, and proof of employment. If you're self-employed, we'll request additional financial documentation. Your loan officer will provide a complete checklist at pre-qualification. Having these documents ready speeds up underwriting.
Can I lock a rate before I find a property?
Yes. You can lock a rate during pre-qualification and hold it while you shop for homes. Rate locks are available for different periods, which we'll discuss based on your timeline. Locking early protects you if rates move higher while you're searching.
What happens if the appraisal comes in lower than the purchase price?
If the appraisal is lower than your agreed purchase price, you have several options. You can renegotiate the sale price with the seller, increase your down payment to cover the difference, or walk away from the transaction if your contract permits. We'll discuss your options once the appraisal is completed.