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Local Real Estate

Go Green With Your Mortgage To Save Even More

Our energy-efficient mortgage provides three distinct advantages when buying green.

Whether purchasing, refinancing, retrofitting or building from scratch, our green choice lending programs allow for added efficiency at home and in the financing process. The advancements in architectural designs, innovative materials and increasing applications mean that we’re seeing more environmentally-friendly homes than ever before. For many, the ultimate goal is a zero-carbon “passive” home, like those that our friends at The Artisan Group have been designing locally.

Recently,  The Olympian featured an article about The Artisan Group’s latest project, which is a prefabricated passive home in Olympia that was assembled in less than a week and financed by OlyFed. According to local co-president architect, Tessa Bradly, this home will produce more energy than it uses!

“The ability to live so comfortably in a home that is actually food for the environment is quite an opportunity,” Bradley said.

Choosing an Energy-Efficient Mortgage

1. Get more borrowing power

An increasing number of customers are considering  a “Green Mortgage” with OlyFed as Washington state continues to adopt more efficient energy codes. If choosing to go green, customers can consider their future energy savings and therefore qualify for greater buying potential. Using the Home Energy Rating System (HERS)* report to determine eligibility, this realized value is available to those with a rating of 55 or lower. Reducing energy consumption is a win for customers and their neighbors.

2. Put as little as 15% down without Private Mortgage Insurance (PMI)

With our Green Choice Loan, we lend up to 85% without PMI on loans $724,999 and below, which allows for greater flexibility when it comes to your budget.

3. Qualify for a reduction in loan fees**

We’re excited to offer 0.50% off the loan origination fee with our Green Choice mortgage loans of $724,999 and below.

Choosing a Retrofit Home Equity Loan

1. Borrow up to 90% of your home’s value

If you’ve thought of adding a ductless heating system, installing Low E windows, upgrading your insulation or sheetrock, installing a tankless water heater, placing solar panels on your roof or even purchasing energy-efficient appliances, our Green Choice Home Equity Loan is made with you in mind.

2. Have your loan fee waived with low closing costs

Once completed, with all proceeds for upgrades done by a licensed contractor.

3. Reduced interest rate

Enjoy a reduced interest rate with our Green Choice Home Equity Loan. Consult one of our non-commissioned loan officers for more details and to get your questions answered.


Get Started Today! Today’s Rates Learn About ADU Financing Review Pre-Approved ADU Plans


*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? Contact us and we’ll connect you with a Loan Officer that will be happy to assist you.

**0.50% off loan fee for loans $724,999 and below.