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Finally, A Home Mortgage Loan
That Stays Home.

Here at Yakima Federal, we make it easier to buy or build your new home, or refinance your existing home. We've been lending money to local families for homes since 1905. The loans start here, and they stay here. When you're dealing with something as important as a loan to buy or build your new home, it's nice to know you can talk face-to-face with a friendly, knowledgeable home loan specialist at a local Yakima Federal office. Loan approval and all details are handled locally. Your payments are processed locally and, if you call us about your loan you won't get a recorded message or have your call referred to a loan service office in another city. With loan terms to suit your specific needs, we think you'll agree that Yakima Federal is Central Washington's preferred financial institution.

  • FIXED RATE MORTGAGES have a fixed interest rate for the entire life of the loan. It's easy to budget for this type of loan because your principle and interest payment will always be the same.

  • GRADUATED EQUITY MORTGAGE (GEM) LOAN is a fixed rate loan with annual principle and interest payment increases of 5% a year for the first five years. The Yakima Federal GEM loan will save you thousands of dollars on interest payments and allow you to pay off your mortgage much sooner than with a 30 year fixed rate mortgage.

  • ADJUSTABLE RATE MORTGAGE (ARM) LOANS differ from fixed rate mortgage loans in that the interest rate and monthly payment may change in relation to a specific financial index with provisions limiting the amount of the change. ARM loans are competitively priced and may be less expensive over a long period than a fixed rate mortgage loan - for example, if interest rates remain steady or move lower.

  • INTEREST-ONLY MORTGAGES have a fixed interest rate for the entire life of the loan. With an interest-only mortgage loan, you pay only the interest on the mortgage in monthly payments for the first five years. Beginning with the first payment in the sixth year, the payment will change based upon the loan balance and the initial fixed interest rate for the remaining term of the loan.

  • GUARANTEED RURAL HOUSING LOANS - More rural families and individuals may be eligible to become homeowners with the help of a U.S. Department of Agriculture/Rural Development guaranteed loan. Through this program more families can qualify for a mortgage with little or no down payment.

For more details, contact one of our home loan specialists by calling 1-800-331-3225 or, visiting the Branch Office nearest you or, if you prefer, you can email us today.