Bank of the Cascades mortgage rates for fixed rate mortgages and adjustable rate mortgages remain highly competitive among the numerous bank mortgage lenders and mortgage companies offering home loans in Oregon and Idaho.

The fixed rate mortgages at Bank of the Cascades are the most common mortgage available at the bank.  The mortgage rate and the monthly payment of principal and interest stay the same for the entire life of the mortgage on this loan product.  The Bank of the Cascades FHA mortgage rates have been running slightly lower than conforming mortgage interest rates for comparable term loans and loan amounts.   The FHA loans are available as fixed rate and adjustable rate loans.

The adjustable mortgages continue to have lower starting interest rates than the long term fixed rate mortgages.  Bank of the Cascades ARM loans have a fixed mortgage rate for a specific time period after which time, the mortgage rate may adjust based on an index rate and margin.  The adjustable rate mortgages have yearly mortgage rate caps and life time caps on how much the interest rate and loan payment may fluctuate.  Adjustable mortgages are made in available in terms with fixed interest rates of 1 year, 3 years, 5 years, 7 years and 10 years.

Bank of the Cascades provides competitive mortgage products, home loan rates combined with a dose of personal service that is often available with a local bank mortgage lender.  The low home loan rates and efficient service is the outcome of the synergies that are produced from a large community bank lender with significant financial resources and that has decision makers that are on-site and available to work directly with the loan customers.

The Bank of the Cascades mortgage interest rates, program terms and conditions are subject to change without notice.  If the down payment for a purchase loan is less than 20% or the loan to value for a refinance is greater than 80%, mortgage insurance may be needed, which be included in the monthly mortgage payment and APR offered by the bank.  All mortgage rates and mortgage loans are subject to bank approval.  Other restrictions and limitations may apply.

Bank of the Cascades offers mortgage loans and full service community banking in Oregon and Idaho through 31 branches in Central Oregon, Southern Oregon, Portland – Salem and Idaho’s Treasure Valley.  For more information on current mortgage rates and terms, a Bank of the Cascades mortgage customer service representative can be reached by calling the bank at 877-385-9933.

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