This is our most popular loan product!  The 1x close allows you to combine your construction financing and your permanent financing into a single transaction.  This reduces time, costs, and paperwork.  If you need construction financing, then the 1x close is the best option for you.  By adding a construction phase to your loan you can buy land wherever you want it and build your home however you want it.  Advantages of our FHA 1x close construction to perm loan are as follows:

• Zero down or land in lieu.
• No minimum credit score.
• Stage funded interim construction financing.
• Fantastic 30 year fixed interest rates.
• Buydowns and ARM products are available.
• Next day loan approvals.

All the benefits of the FHA construction to perm loan (shown above) without the extra paperwork required by FHA.  Key guidelines for this loan product include the following:

• Modular or site built homes only.
• Five percent down or land in lieu of that amount.
• Stage funded interim construction financing.
• Great 30 year fixed rates with buydown options available.
• Waive mortgage insurance with proper down payment.
• Next day loan approvals.

Are you having trouble finding financing for your rural home?  Is the subject property too large to fit within typical residential mortgage guidelines?  Perhaps the lender's appraisal requirements are impossible to meet in a rural area.  This fantastic loan product, designed specifically for large acreage properties, does not limit the size of the land.  In addition this product provides more flexible guidelines for rural home appraisers.  Typically an appraiser must find homes that have sold within a year and are within 8-10 miles from your property to support a market value.  You know this requirement is next to impossible if you have ever tried to sell a home in the country.  The rural home loan does not impose a maximum distance on comparable properties and it does not limit the date of sale on the comps.  Some of the key characteristics of this loan product are as follows:

• No on frame modular homes.  Manufactured homes or off frame modular only.
• No construction financing available.  Existing homes or "back end" closes only.
• Property must be in a rural area as defined by the appraiser.
• 5% down or land in lieu of that amount.
• Rural under 25% developed is acceptable.
• No limit on the distance or date of sale on comps used by the appraiser.

Our modular home loan products are ideal for buyers who want ALL the options of site built home financing AND all the benefits of factory built housing.  In answer to the increasing demand for modular home financing, Cascade Financial Services has developed and maintains a wide variety of modular home loan products.  Every loan option that we offer on site built housing is also available for modular homes, even if the home is being shipped to the site "on frame."  Some of the highlights of our modular home loan product are as follows:

• Rates and terms offered are identical to those obtainable on site built homes.
• Appraiser will be able to use all site built or modular home loan comps on appraisal report.
• Great zero down and land in lieu offerings.
• All options available for "off frame" modular homes are also open to "on frame" construction. 

If you own a manufactured home, the odds are high that you are paying too much interest on your current home loan.  For years residential mortgage lenders have punished manufactured home owners by imposing rates higher than those available on site built homes.  Cascade Financial has worked hard to develop and maintain the very best interest rates available anywhere for manufactured housing.  Our FHA refinance products do not distinguish between factory built and site built housing.  That means that if we can get you approved, then you will get the very best rates available on the market - regardless of your property type.  Here are a few reasons to call us now:

• Flexible underwriting guidelines. 
• We can work with many past credit problems.
• Incredibly low fixed interest rates.
• Assistance with FHA compliance.  We can help you upgrade your home to meet all FHA guidelines and dramatically improve the resale value of your property.
• Fantastic cash out or debt consolidation products are available.  Note: Cash out refinance products are not available in Texas.