Young family discovering the joy of home ownership

Young family discovering the joy of home ownership.

Mortgage Loans - It All Starts With Unmatched Personal Service

Oly Fed Residential Home Loans - the Safe Local Source for 109 Years

There are lots of options available for home loans but Olympia Federal offers you a variety of benefits that make choosing us simple:

Easy Online Application Process

Our secure online mortgage application allows you to apply at your convenience. Answer a series of questions to complete your application today.

We Are Here To Help

Have questions? Our loan officers are here to help. Not only during the application process – but throughout the entire process. We are right here in the community, so you can talk to a real person and get real answers whenever you need them!

Rates Lock In At Application

If our rates go down prior to closing, you get the lowest rate!

Find The Loan Program That Fits Your Needs

We offer a variety of home loan programs. Find the one that is right for you. Considering building or retrofitting with energy efficiency in mind? Ask about our new "Green Choice" lending programs and make sure to check out the wealth of resources in our Mortgage Center.

View a home loan checklist before you meet with your loan officer


Loan Officer Shelley Prather
email Shelley
Mortgage Center

30-Year Fixed Rate - The Traditional Option You Can Count On!

A Consistent Rate for the Long Term

  • Relatively low monthly payments make it one of the most affordable mortgages
  • Your payment stays the same throughout the life of the, no matter
    what happens to lending rates

View a home loan checklist before you meet with your loan officer


Loan Officer Tami Hale
email Tami

15-Year Fixed Rate - Interest Saving Classic Pays off Faster

Own your home in half the time of a 30-year mortgage

  • Your principal reduces faster, letting you build equity quickly
  • Find fun new uses for the money that used to go towards your
    mortgage payments

View a home loan checklist before you meet with your loan officer


Loan Officer Cherie Cloud
email Cherie
Mortgage Center

5 & 7 Year Mortgages - NEW! Reset Options

Our NEW 5 or 7 Year Reset Mortgages Offer More Affordable Rates

  • Enjoy paying a lower introductory rate for the first five or seven years of your loan
  • After the introductory period, your rate is adjusted one time for the remaining term of the loan. (New rate is fixed for the remaining term)
  • Lock in BOTH rates at the time of application so you will know what your payments will be up front
  • Ease into the first few years of your loan with our new 5 & 7 Year Reset Mortgages

View a home loan checklist before you meet with your loan officer


Loan Officer Tami Hale
email Tami
Mortgage Center

Construction & Commercial

Construction Loans

Building your dream home is easier and more affordable with special advantages at Oly Fed:

Oly Fed makes it easy for you by rolling construction costs and permanent financing into one convenient package.

  • Close up-front on permanent financing
  • Interest rate locks in at application. If rates go down prior to closing,
    you get the lower rate
  • Pay only a single loan fee
  • Make 'interest only' payments during the construction phase, and
    only on funds as used
  • Pay no prepayment penalties

Commercial Real Estate Loans

For information on specific Commercial Real Estate loan programs, contact our in-house specialist Chad Yerrington at the downtown branch.

View a home loan checklist before you meet with your loan officer


Loan Officer Chad Yerrington
email Chad
Mortgage Center

Green Choice - Two forward thinking loan products

Building, Buying or Retrofitting with Energy Efficiency in Mind?

Oly Fed Green Choice Lending Programs offer you two unique loan options.
The first loan option lends you up to 85% without private mortgage insurance while also providing you with a reduction in loan fees. Plus, this energy-efficiency loan provides the additional benefit of allowing the monthly energy cost savings to be deducted from principal, interest, taxes, and insurance payment, which allows you to qualify for a higher loan.

The second Green Choice loan is a retrofit program for homeowners
looking to upgrade or retrofit their home with more energy-efficient
components. We can lend up to 90 percent on this option with no private
mortgage insurance. Simply use all proceeds for upgrades done by a
licensed contractor, and your entire loan fee is waived!.

Oly Fed's Green Choice Lending: Thinking Forward.

View a home loan checklist before you meet with your loan officer


Loan Officer Barbara Whitlow
email Barbara
Mortgage Center

Home Equity Line of Credit - (H.E.L.O.C.)

Put your credit line to work for you for whatever you choose.

  • Competitive, variable interest rate
  • Flexible access to your money, with no minimum or maximum draw limits
  • 24/7 access to your funds via check, Oly Fed line, online banking, or in person at any branch.
  • Low repayment options
  • No loan fee, minimal closing costs
  • Interest may be tax deductable

View a home loan checklist before you meet with your loan officer


Loan Officer Jane Walker
email Jane
Mortgage Center

Home Equity Loan - (H.E.L.P.)

Put your assets to work for you!

  • Enjoy the things you want most, and save at tax time
  • Loan amount is based on the value of your home
  • Fixed and adjustable rates available

View a home loan checklist before you meet with your loan officer


Loan Officer Michelle Lord
email Michelle
Mortgage Center

Mortgage Center - Jump Start the Process

Use the resource rich online Mortgage Center to help you understand what type of mortgage is right for you. Visit today and get the process started without leaving your home!

learn more

email Tenile

More Loan Options - Turn ownership dreams into reality

Developed Lot Loans

Finance a land purchase for your future building site.

  • Borrow up to 80% of the price or appraised value (whichever is less)
  • Lots must be in platted subdivision with protective covenants

Manufactured Home Loans

Interested in purchasing a manufactured home? Ask us about the special loans available today!

Loan Officer Kayce Lambert
email Jennifer
Mortgage Center

Our Team - Local Knowledge Working For You

Cherie Cloud - AVP & Branch Manager, Belfair


Cherie started at our then newly opened Westside Branch in 1978 and nearly 37 years later serves as AVP / Branch Manager and Loan Officer in Belfair.

 email Cherie 


Tami Hale - AVP and Branch Manager, Hawks Prairie


Tami first worked at Oly Fed from 1977 until 2000. She returned in 2006 as AVP / Branch Manager and loan officer at our Hawks Prairie Branch.

 email Tami


Barbara Whitlow - Loan Officer, Yelm Highway


Barbara's Bio Coming Soon!

 email Barbara


Chad Yerrington - Commercial Real Estate, Downtown


Chad's Bio Coming Soon!

 email Chad


Shelley Prather - Loan Officer, Downtown


Shelley's Bio Coming Soon!

 email Shelley 


Lindsey Bamba - Branch Manager, Westside


Lindsey's Bio Coming Soon!

 email Lindsey


Debra Jackson - Loan Officer, Hawks Prairie


Debra's Bio Coming Soon!

 email Debra


Michelle Lord - AVP & Branch Manager, Lacey


Michelle's Bio Coming Soon!

 email Michelle


Min Kaye - Loan Officer, Downtown


Min's Bio Coming Soon!

 email Min 


Jane Walker - AVP and Branch Manager, Yelm Highway


Jane brought 24 years of banking experience when she joined us in November of 2012 as Branch Manager and Loan Officer at Tumwater. She is currently Branch Manager and Loan Officer at our Yelm Highway Branch. In 2015 Jane will manage the new branch opening in Yelm.

 email Jane


Jennifer Jacobs - Branch Manager, Tumwater


Jennifer's Bio Coming Soon!

 email Jennifer


Jim Minder - Loan Officer, Belfair


Jim's Bio Coming Soon!

 email Jim