If you’re experiencing a hardship or have other needs, we’ll work with you. On a case-by-case basis, we’re offering various assistance programs to our borrowers that may include: payment deferral, forbearance, or modification. Cascade always recommends that you keep your mortgage payments current. If you are experiencing a hardship, we may be able to help.
If you are unable to make one or more of your payments, there may be additional options depending on your circumstances and investor, federal and state guidelines.
Cascade Financial offers Loss Mitigation Retention and Disposition options for our borrowers. The options have qualifying guidelines and eligibility requirements that Cascade must follow:
For information regarding qualifying for Loss Mitigation options, please contact one of our Loan Counselors at:
Please click here for a checklist of items Cascade Financial will need to determine what Loss Mitigation Option you might qualify for.
The purpose of the Homeowner Assistance Fund (HAF) is to prevent mortgage delinquencies and defaults, foreclosures, loss of utilities or home energy services, and displacement of homeowners experiencing financial hardship after January 21, 2020. Funds from the HAF may be used for assistance with mortgage payments, homeowner’s insurance, utility payments, and other specified purposes. The law prioritizes funds for homeowners who have experienced the greatest hardships, leveraging local and national income indicators to maximize the impact.
The Homeowner Assistance Fund provides: