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Loan Types

Home Loan Options for Everyone

Whether it’s your first home, your next home, or a vacation home, iQ has the home mortgage that’s right for you.

  • Conventional Loans

    Fixed-Rate Home Loan 

    is the most common mortgage loan. It is a fully amortized mortgage loan where the interest rate on the note remains the same through the term of the loan, as opposed to loans where the interest rate may adjust. Fixed-rate mortgages are characterized by loan amount, interest rate, and term. With these values, the monthly repayments can be calculated.

    Adjustable-Rate Home Loan 

    An adjustable-rate mortgage, or ARM, is a mortgage loan where the interest rate on the note periodically adjusts based on an index that reflects the cost to the lender of borrowing on the credit markets.

  • First-Time Homebuyers

    Pay even less upfront with low down payments of 3% with low Private Mortgage Insurance (PMI), helping you save even more money each month.

    You may be purchasing a house on your own, but you don’t have to make the journey alone. In our Guide for First-Time Homebuyers in the Pacific Northwest, you’ll get insight into the following:

    • Realtor information
    • Types of loans
    • Financial strategies
    • Understanding the process
    • And so much more
    Free Download:

    Download Guide

  • VA Loans

    VA loans are mortgages that are backed by the Veteran's Administration. These mortgages feature low or no down payment, no private mortgage insurance requirements, limited closing costs and fees and a fixed rate.

  • Teachers and First Responders

    Teachers, nurses, police officers, and other community partners give so much of themselves every day. We want to show our appreciation by offering a special home purchase program just for you. It's our way of saying 'thanks'.

  • Refinance

    Refinancing Your Home Loan Can Give You Options

    Cash-out refinance:

    Refinance your mortgage for more than you owe and take the difference in cash.

    Reduce your interest rate

    Refinance your mortgage to a lower interest rate, reducing your monthly payment and saving thousands over the life of your loan.

    Second mortgage:

    Need cash for a new kitchen or college tuition? This fixed-rate payment option makes it easy.

    target="_blank" > Learn More

  • Construction Loans

    Put your local resources to work

    iQ's Construction Team lives and works in your unique community. We understand the needs of your local market and can provide you with our exceptional construction experience.

    • Fixed and ARM programs available.
    • Locked interest rate from construction phase through permanent financing.
    • Up to 90% LTV
    • Owner-Occupied Single-Family Duplex's permitted.
    • Single Family Manufactured new home placement permitted.

    Apply for our plaidtastic construction loans today!

Apply Now

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Loan Rates

Ask us about 100% Purchase, Jumbo, Super Jumbo, 95% Cashout, and Non-Warrantable Condo Programs.



* The Annual Percentage Rates (APRs) for the 30 Year Fixed and 15 Year Fixed are calculated based on a purchase/refinance of single-family, owner-occupied residence with a down payment or existing equity of 40%, a loan amount less than $647,200.00, and a property located in Clark Co, WA.

The APR includes the approximate cost of prepaid finance charges, including 15 days of prepaid interest, an $899.00 processing fee, and any applicable points associated with the interest rate. Actual APRs for individual loans may differ.

Adjustable-Rate Mortgage (ARM) interest rates and payments are subject to change during the loan term. That change can increase or decrease your monthly payment. These mortgage rates are based upon a variety of assumptions and conditions, some of which may include a credit score of 720 or higher. Your loan’s interest rate will depend on specific characteristics of your transaction and your credit profile up to the time of closing.

* The Annual Percentage Rates (APRs) for the 30 Year Fixed and 15 Year Fixed are calculated based on a purchase/refinance of single-family, owner-occupied residence with a down payment or existing equity of 40%, a loan amount more than $647,200.00, and a property located in Clark Co, WA.

The APR includes the approximate cost of prepaid finance charges, including 15 days of prepaid interest, an $899.00 processing fee, and any applicable points associated with the interest rate. Actual APRs for individual loans may differ.

Adjustable-Rate Mortgage (ARM) interest rates and payments are subject to change during the loan term. That change can increase or decrease your monthly payment. These mortgage rates are based upon a variety of assumptions and conditions, some of which may include a credit score of 720 or higher. Your loan’s interest rate will depend on specific characteristics of your transaction and your credit profile up to the time of closing.

* The Annual Percentage Rates (APRs) for the 30 Year Fixed and 15 Year Fixed are calculated based on a purchase/refinance of single-family, owner-occupied residence with a down payment or existing equity of 40%, a loan amount less than $647,200.00, and a property located in Clark Co, WA.

The APR includes the approximate cost of prepaid finance charges, including 15 days of prepaid interest, an $899.00 processing fee, and any applicable points associated with the interest rate. Actual APRs for individual loans may differ.

Adjustable-Rate Mortgage (ARM) interest rates and payments are subject to change during the loan term. That change can increase or decrease your monthly payment. These mortgage rates are based upon a variety of assumptions and conditions, some of which may include a credit score of 720 or higher. Your loan’s interest rate will depend on specific characteristics of your transaction and your credit profile up to the time of closing.

* The Annual Percentage Rates (APRs) for the 30 Year Fixed and 15 Year Fixed are calculated based on a purchase/refinance of single-family, owner-occupied residence with a down payment or existing equity of 40%, a loan amount more than $647,200.00, and a property located in Clark Co, WA.

The APR includes the approximate cost of prepaid finance charges, including 15 days of prepaid interest, an $899.00 processing fee, and any applicable points associated with the interest rate. Actual APRs for individual loans may differ.

Adjustable-Rate Mortgage (ARM) interest rates and payments are subject to change during the loan term. That change can increase or decrease your monthly payment. These mortgage rates are based upon a variety of assumptions and conditions, some of which may include a credit score of 720 or higher. Your loan’s interest rate will depend on specific characteristics of your transaction and your credit profile up to the time of closing.



* The Annual Percentage Rates (APRs) for the 30 Year Fixed and 15 Year Fixed are calculated based on a purchase/refinance of single-family, owner-occupied residence with a down payment or existing equity of 40%, a loan amount less than $647,200.00, and a property located in Clark Co, WA.

The APR includes the approximate cost of prepaid finance charges, including 15 days of prepaid interest, an $899.00 processing fee, and any applicable points associated with the interest rate. Actual APRs for individual loans may differ.

Adjustable-Rate Mortgage (ARM) interest rates and payments are subject to change during the loan term. That change can increase or decrease your monthly payment. These mortgage rates are based upon a variety of assumptions and conditions, some of which may include a credit score of 720 or higher. Your loan’s interest rate will depend on specific characteristics of your transaction and your credit profile up to the time of closing.

* The Annual Percentage Rates (APRs) for the 30 Year Fixed and 15 Year Fixed are calculated based on a purchase/refinance of single-family, owner-occupied residence with a down payment or existing equity of 40%, a loan amount less than $647,200.00, and a property located in Clark Co, WA.

The APR includes the approximate cost of prepaid finance charges, including 15 days of prepaid interest, an $899.00 processing fee, and any applicable points associated with the interest rate. Actual APRs for individual loans may differ.

Adjustable-Rate Mortgage (ARM) interest rates and payments are subject to change during the loan term. That change can increase or decrease your monthly payment. These mortgage rates are based upon a variety of assumptions and conditions, some of which may include a credit score of 720 or higher. Your loan’s interest rate will depend on specific characteristics of your transaction and your credit profile up to the time of closing.

More to Offer

Other Ways We Meet Your Needs

4-Steps-to-Smart-Homebuying-Your-Mortgage-Loan-Prep-Checklist min

Keep Your Home Protected with insureQ

You want to protect your home investments, and let’s face it, stuff happens. Whether it’s a fallen tree, a broken pipe, or accidental fire, we have you covered through insureQ. We can protect your home with a variety of insurance plans:

  • Homeowners Insurance
  • Renters Insurance
  • Rental property Insurance
  • Earthquake Insurance
  • Home Office Insurance
  • Flood Insurance

If you want more insight into home loans and the home-buying process, connect with an insurance representative for a free quote.

Building Credit-1 MIN

Check Your Loan Status with Our Online Portal

Awaiting the status of your mortgage application can be exciting--especially when you can track your progress online. Our online home loan portal tells you the status of your application and lets you upload and sign documents to speed up the processing of your loan.

Login to your personal portal today.

Team

Meet Our Home Loans Team

 
Contact the Team
Michael Booth

Michael Booth

Mortgage Loan Officer
michael.booth@iqcu.com
360-418-4456

Melanie Josephson

Melanie Josephson

Mortgage Loan Officer
melanie.josephson@iqcu.com
360-418-4471

3x3KSP_7306iP_Dennis-min

Dennis Nguyen

Mortgage Loan Officer
dennis.nguyen@iqcu.com
360-993-8725

Calculators

Find Out How a Home Equity Line of Credit Can Help you Reach your Goals

Disclosures

  • The APR includes the approximate cost of prepaid finance charges, including 15 days of prepaid interest, an $899.00 processing fee, and any applicable points associated with the interest rate. Actual APRs for individual loans may differ.

    Home Loans: * The Annual Percentage Rates (APRs) for the 30 Year Fixed and 15 Year Fixed are calculated based on a purchase/refinance of single-family, owner-occupied residence with a down payment or existing equity of 40%, a loan amount less than $647,200.00, and a property located in Clark Co, WA.

    Adjustable-Rate Mortgage (ARM): interest rates and payments are subject to change during the loan term. That change can increase or decrease your monthly payment. These mortgage rates are based upon a variety of assumptions and conditions, some of which may include a credit score of 720 or higher. Your loan’s interest rate will depend on specific characteristics of your transaction and your credit profile up to the time of closing.

  • Jumbo Loans: * The Annual Percentage Rates (APRs) for the 30 Year Fixed and 15 Year Fixed are calculated based on a purchase/refinance of single-family, owner-occupied residence with a down payment or existing equity of 40%, a loan amount more than $647,200.00, and a property located in Clark Co, WA.

    The APR includes the approximate cost of prepaid finance charges, including 15 days of prepaid interest, an $899.00 processing fee, and any applicable points associated with the interest rate. Actual APRs for individual loans may differ.

    Adjustable-Rate Mortgage (ARM) interest rates and payments are subject to change during the loan term. That change can increase or decrease your monthly payment. These mortgage rates are based upon a variety of assumptions and conditions, some of which may include a credit score of 720 or higher. Your loan’s interest rate will depend on specific characteristics of your transaction and your credit profile up to the time of closing.

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