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 111 Years

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

Step 1: 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.

Step 2: 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. Once your loan application is submitted and approved, our mortgage loan portal allows you to share and view documents and easily stay in-touch with your loan officer. Or visit us at one of our eight branch locations!

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.

Mortgage Center
Mortgage Center

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


Loan Officer Debra Jackson
email Debra


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

Are you looking to construct a new facility or purchase your own building for your business? Oly Fed 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 Oly Fed 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. 1171.

email Ken

Green Choice 

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

Read about the Green Program: Green Lending Article

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


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, 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

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



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

Manufactured Home Loans

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


Our Team - Local Knowledge Working For You

Leah Backus - Senior Loan Officer, Downtown


Leah grew up in Ocean Shores and started her banking career in 2008 in the Grays Harbor area. In 2011, she joined Oly Fed and served as a Customer Service Representative at the Lacey branch. In 2012, she entered the Loan Servicing Department where she was promoted to Loan Officer in 2015.

Leah enjoys giving back to her community through various organizations and events. 

NMLS# 1396606

 email Leah


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 Oly Fed 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

 email Lindsey


Amanda Coic - Loan Officer, Westside


Amanda began her banking career at Oly Fed 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 downtown Olympia 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

 email Amanda


Debra Jackson - AVP & Senior Loan Officer


Debra was born and raised in Olympia. She started working at Oly Fed in 1982 and has been working in the Lending Department from day one. For 34 years she's been helping customers with their home loans needs!

Debra enjoys spending time with her family – especially her four grandchildren.

NMLS #628462

 email Debra


Jennifer Arnold - Branch Manager, Tumwater


Jennifer joined the Oly Fed team in 2007 as a Customer Service Representative at our Lacey branch. Since then, she has held various positions including Lead Customer Service Representative, Savings Counselor, Savings & Retirement Specialist, Assistant Manager and is currently our Tumwater Branch Manager and Loan Officer.

Jennifer grew up in Wisconsin and still goes back often to visit family. She spent a few years in the Army as an Air Traffic Controller and enjoys quilting and spending time with friends and family.

NMLS# 1213019

 email Jennifer


Casey Kilborn - Branch Manager, Yelm Highway


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

 email Casey


Melissa Kirkeby - Branch Manager, Lacey

Melissa Kirkeby_OurTeam

Melissa grew up in Thurston County, later moving to Pullman to attend Washington State University. She started her banking career at Oly Fed 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 Oly Fed supports.

NMLS# 1564854

 email Melissa


Mari Madsen - Branch Manager, Belfair


Mari has been a part of the Oly Fed team at the Belfair branch for more than 20 years. Mari started her career with Oly Fed 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

 email Mari


Benjamin Paylor - 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 Oly Fed 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

 email Ben


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

 email Jane