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


Residential Home Loans

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

24/7 Online Loan Application

Applying for an OlyFed home loan has never been easier. Our secure online mortgage application allows you to apply for many different loan types at your convenience. All you have to do is answer a series of questions for the loan option that fits your needs and hit submit!


If you want to continue a loan application or need to upload documents to your Loan Officer, please log-in here:



Loan Calculator


Here For You. Here For Good.

Have questions? Our Loan Officers are here to help you throughout the process. Once your loan application is submitted and approved, our system allows you to share and view documents, while easily staying in touch with your Loan Officer. And because we do not sell our loans, you'll always be able to pick up the phone or visit a branch location to get the best quality service from people you know and trust. We've been delivering premium local service for over 113 years.

Competitive Rates
Besides offering great rates, we make sure if your rate goes down prior to closing, we'll adjust to it to make sure your best interest is protected. Check today's rate sheet for the most accurate information.


Loan Programs That Fit Your Dreams

We offer a unique variety of loan programs whether you are buying, refinancing or building the place of your dreams. Considering building or retrofitting with energy efficiency in mind? Ask about our new "Green Choice" lending options.


Purchase or Refinance Options 

Olympia Federal Savings offers you a variety of benefits that make choosing us simple.

  • We are a local community bank that believes in giving back to our community – donating to over 300 charitable organizations per year.
  • We offer a variety of conventional loans to suit the borrowers’ needs, with up to 97% financing available.
  • Our Green Choice lending options allow customers to purchase or retrofit an energy efficient home with up to 85% financing available without Private Mortgage Insurance (PMI).
  • Loans stay here for local servicing and are not sold.
  • There are no payment penalties.
  • Security of doing business with a financial institution that has been a strong partner to South Sound communities for over 111 years.
  • Our loan officers are not paid on commission, so your needs always come first!

Check our current rates - Competitive rates are automatically locked in at time of application. If our rates go down before closing, the customer always receives the lowest rate at no additional cost!

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

Get Started Today



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 Construction Loans

Building your dream home has always been easier and more affordable with special advantages from OlyFed.
Not only do we roll construction costs and permanent financing into one convenient package, we also close up-front on permanent financing, lock-in your interest rate at application (if rate goes down prior to closing, you receive lower rate), accept 'interest only' payments as funds are used during the nine-month construction period and have no prepayment penalties.

To keep your project flowing as well as your open floor plan, OlyFed has partnered with BUILT to provide a best-in-class digital platform for faster draws and simple budgeting. Now Borrowers, Builders, Construction Professionals and OlyFed can be integrated into a single streamlined process for real-time collaboration; anytime and anywhere. By eliminating paper, email threads and multiple calls, this web-based system can help you stay on-budget and on-time.

To learn more about BUILT, view the video below or contact a loan officer today! As always, if you have a question or need to speak to us, we welcome your callvisit or email.



Get Started Today




Construction Loans

Building your dream home has always been easier and more affordable with special advantages from Oly Fed. To keep your project flowing as well as your open floor plan, we have partnered with BUILT to provide a best-in-class digital platform for faster draws and simple budgeting.


Commercial Real Estate Loans

Are you looking to construct a new facility or purchase your own building for your business? OlyFed can help with your commercial real estate needs and find the best options for your project.

We lend on retail and office complexes, mixed-use projects or apartment buildings, and industrial properties. Here are a few examples of how we can help:We have a customer that owns a commercial building that is occupied by their own real estate business. Having worked with OlyFed over the years, they wanted to refinance their loan to benefit from our great rates and to keep it serviced locally with our extraordinary service.

Another loyal customer, looking at purchasing a piece of business property for future development, is thinking about putting a mini-storage and small office complex on the site. We're working on making his business plan come to life.

For information, contact our in-house specialist, Ken Pekola, at the Lacey branch. Ken brings a wealth of experience and civic involvement with more than 30 years of specializing in commercial real estate transactions that have helped Thurston County entrepreneurs achieve success. You can reach Ken at: (360) 754-3400, ext. 2112.

Get To Know Ken

email Ken

Green Choice 

Building, Buying or Retrofitting with Energy Efficiency in Mind?

OlyFed Green Choice Lending Programs offer you two unique loan options.


Take a look at some of the advantage of buying green with Olympia Federal Savings:

  1. Provides More Borrowing Power: We consider your future energy savings to qualify you for greater buying potential. Using the Home Energy Rating System (HERS) report to determine your eligibility, this realized value is available to those with a rating for 60 or lower*.
  2. Lends Up to 85% Without Private Mortgage Insurance on Loans $500,000 and Below**
  3. Qualifies for a reduction in loan fees


Our Home Equity Loan Program (H.E.L.P) is for upgrading or retrofitting your home with energy-efficient components.

  1. Lends Up to 90% Without Private Mortgage Insurance
  2. Loan Fee Waived With Low Closing Costs: Once completed, with all proceeds for upgrades done by a licensed contractor.
  3. Reduced Interest Rate and Financing

*HERS efficiency is measured in a range from 0 to 150; 0 being the most efficient. The HERS rating is a result of a Residential Energy Analysis (REA) report. Need help in getting a REA report underway? Contact us and we’ll connect you with a Loan Officer that will be happy to assist.

**.50% off loan fee for loans $500,000 and below. The reduction on loan fees for loans of $500,001 and above may not exceed $2,500.

OlyFed's Green Choice Lending: Thinking Forward

Read about the Green Program: Green Lending Article

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

Get Started Today

Loan Officer Barbara Whitlow
email Barbara

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, OlyFed 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 get started.

Start your HELOC process today by contacting a Loan Officer to apply.

* This is for informational purposes only and is not intended to provide legal or tax advice regarding your situation. For legal or tax advice, please consult your attorney and/or accountant.


Loan Officer Jane Walker
email Jane

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

Get Started Today

* This is for informational purposes only and is not intended to provide legal or tax advice regarding your situation. For legal or tax advice, please consult your attorney and/or accountant.

OlyFed’s Affordable Home Loan Program

For more than 113 years, OlyFed has diligently worked to help our community achieve homeownership. In today’s fast-paced market, housing values continue to rise, making affordability a growing challenge for low-to-moderate income households.

To help eliminate barriers, OlyFed created a special loan program for potential borrowers with earnings at 80% or less of the median income levels in Thurston and Mason counties.

Applicants can borrow up to 97%* of the purchase price of a home and all but $1,000 of the down payment may come from a family gift or down payment assistance program. In addition, seller paid closing cost is allowed.

Borrowers who qualify for this program receive a discounted interest rate based on current market rates. In addition, qualifying borrowers also receive a reduced loan origination fee, from the typical 1% to a flat fee of $800.00.

All of these special incentives and discounts combine to help reduce the out-of-pocket expenses for the borrower, while also lowering their overall monthly payment.

It’s important to note that this program is for purchases or non-cash out refinancing. If a borrower is refinancing they need to have owned their home for a minimum of 24 months. The maximum loan amount for this program is $260,000.

For more details about this program and/or to start the application process, please contact one of our professional, knowledgeable and caring loan officers.

*Subject to approval. Loans with less than 20% down will require Private Mortgage Insurance (PMI). OlyFed has negotiated a discounted PMI premium for qualifying borrowers to help further lower their monthly payment.



More Loan Options - Turn ownership dreams into reality

Developed Lot Loans

Finance a land purchase for your future building site.

  • Borrow up to 75% of the price or appraised value (whichever is less)
  • Lots must be in platted subdivision with protective covenants

Get Started Today

Manufactured Home Loans

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


Our Team - Local Knowledge Working For You

Lindsey Bamba - AVP & Branch Manager, Westside


Lindsey was born in Olympia and has lived in Thurston county ever since. Having graduated from Thurston High School and South Puget Sound Community College, she started her banking career in 2003 at OlyFed as a Customer Service Representative and now serves as a Lending Branch Manager at our West Olympia branch. 

She enjoys the Pacific Northwest and the activities it provides. From swimming to snow skiing, Lindsey and her family do it all. Besides playing in the great outdoors, Lindsey volunteers in the community and is the Secretary for the Board of Child Care Action Council and part of the planning committee for the Morningside event.

NMLS #1191629

Get To Know Lindsey

 email Lindsey


Rebecca Bonneville - Loan Officer, Belfair


A US Marine Corps veteran with eight years of service to our country, Rebecca also brings more than 16 years of retail management experience to OlyFed.

Rebecca began her career with OlyFed four years ago as a Customer Service Representative and was promoted to Universal Banker and most recently to Loan Officer. Rebecca attended Strayer University for Business Management and in her free time she enjoys camping, hiking and canoeing with family. In addition, Rebecca is a passionate community volunteer and lends her time as Vice-Chair for North Mason Resources, Vice President of North Mason International Lions Club and Co-Chair for the North Mason Giving Tree.

NMLS# 1733980

Get To Know Rebecca

 email Rebecca


Amanda Coic - Senior Loan Officer, Westside


Amanda began her banking career at OlyFed in 2008 as a Customer Service Representative at our Lacey branch. She has held various positions since then including lead teller, retirement specialist, assistant branch manager and is currently loan officer at the Westside branch.

Amanda is a graduate of The Evergreen State College, and is a board member with Kokua Services, which is a local nonprofit dedication to providing individuals with disabilities the support needed to lead full and meaningful lives.  In her spare time, Amanda enjoys playing soccer, going to concerts and spending time with friends and family. 

NMLS# 1685873

Get To Know Amanda

 email Amanda


Casey Kilborn - AVP & Branch Manager, Downtown Olympia


Casey Kilborn, Branch Manager, will be happy to find the perfect lending fit for you.

Casey grew up in Olympia and graduated from Olympia High School. He's been lending for 10 years, coaches high school basketball at Olympia and enjoys giving back to the community through events and organizations.

NMLS# 51047

Get To Know Casey

 email Casey


Melissa Kirkeby - Senior Loan Officer, Downtown Olympia

Melissa Kirkeby_OurTeam

Melissa grew up in Thurston County, later moving to Pullman to attend Washington State University. She started her banking career at OlyFed in 2004 as an intern when she would come home from College on the holidays. She was hired in 2006 as a Lead Customer Service Representative (CSR). Melissa has held many positions since that time: Lead CSR, Savings Counselor, IRA Administrator, Branch Operations Supervisor, Assistant Branch Manager, and Branch Manager/Loan Officer.

Melissa is a member of the Lacey South Sound Chamber of Commerce and enjoys giving back to the community through many of the organizations that OlyFed supports.

NMLS# 1564854

Get To Know Melissa

 email Melissa


Mari Madsen - Branch Manager, Belfair


Mari has been a part of the OlyFed team at the Belfair branch for more than 20 years. Mari started her career with OlyFed as a part-time customer service representative and has worked diligently to earn several promotions and is now the Belfair branch manager and loan officer. Born and raised in Southern California, Mari loves spending time at the beach with her husband and daughter. In her free time, Mari serves on the community truancy board for the North Mason School District, and she enjoys reading, gardening and traveling.

NMLS# 1680669

Get To know Mari

 email Mari


Nicole Montoya - Loan Officer, Yelm


Nicole started her career in the financial industry in 2005 and when she moved from Alaska to Olympia in 2016 she joined the OlyFed banking team. For more than 20 years, Nicole lived in North Pole, Alaska and while she misses family and friends, she loves exploring the state of Washington and all the South Sound has to offer. In her free time, Nicole loves road trips crocheting blankets for family and friends, and volunteering in the community. Some of the organizations Nicole loves to support are United Way of Thurston County, Big Brothers Big Sisters of Southwest Washington and South Puget Sound Habitat for Humanity.

NMLS# 1758613

Get To Know Nicole

 email Nicole


Benjamin Paylor - AVP & Branch Manager, Hawks Prairie


Born and raised in Aberdeen, Ben started his financial services career in 2004 by helping individuals and families with retirement planning in the Seattle area. He quickly transitioned into becoming a licensed Banker and Branch Manager also while living in Seattle. Entering into the OlyFed ranks in 2015, he serves as the Branch Manager and Loan Officer at the Hawks Prairie branch.

Ben is an active Rotarian and is on the board of Big Brothers Big Sisters of Southwest Washington. He enjoys helping clients meet their financial goals – email Ben today!

NMLS# 1257977

Get To Know Ben

 email Ben


Bich Pham-Hughes - Loan Officer, Yelm Highway


Bich was born and raised in Vietnam and moved to the United States in 2010 to pursue her graduate degree. When she met and married her husband, she decided to make Olympia her new home. Bich joined OlyFed in 2016 as Customer Service Representative (CSR) at our Downtown Olympia branch and she was quickly promoted to Lead CSR and then Universal Banker. In 2018, Bich joined the loan team as Loan Processor & Closer and shortly thereafter was promoted once again to Loan Officer.

Bich loves helping our customers achieve their goals and she enjoys giving back to the community through various nonprofit organizations and events. In her free time, Bich loves cooking, spending time with family and friends, and watching movies.

NMLS# 1794054

 email Bich

Kayla Rice - Branch Manager, Tumwater


Kayla grew up in Rainier and graduated from Rainier High School. She began her banking career at OlyFed in 2014 as a Customer Service Representative at our downtown Olympia branch and moved to Lead CSR, Universal Banker, Loan Processor, Assistant Manager and now Branch Manager in Tumwater. Kayla stays active volunteering in the community and enjoys hiking, boating and trying new foods in her free time.

NMLS# 1864852

 email Kayla


Angela Thomas - Branch Manager, Lacey


Angela has been in the Banking Industry since 2005, where she has helped customers plan and achieve their financial goals.

Angela began her career with OlyFed in 2013 when she was hired as a Customer Service Representative and she was soon promoted to Universal Banker and then Assistant Branch Manager. In 2018, Angela was promoted once again to Manager of our Lacey Branch. Angela is an active community volunteers and is currently a Board Member with South Puget Sound Habitat for Humanity. In her free time, Angela loves to play keyboard, spend time with family and attending sporting events.

NMLS# 1825544

 email Angela


Jane Walker - AVP & Branch Manager, Yelm 


Jane brought 24 years of banking experience when she joined us in November of 2012 as Branch Manager and Loan Officer at Tumwater. After providing interim support in the same role at our Yelm Highway branch, Jane was selected to manage our Yelm branch which opened in the Summer of 2015.

NMLS# 633664

Get To Know Jane

 email Jane



Angie Williams - Branch Manager, Yelm Highway


Angie was born and raised in Olympia. Angie began her banking career with OlyFed in 2012 as a Customer Service Representative and she has worked her way up to Branch Manager. Active in giving back to the community through a number of organizations, Angie enjoys camping, being a sports mom, spending time with family and friends and cheering on the Seahawks as a season ticket holder since 2005.

NMLS# 1864849

 email Angie