Many Ways to Say: ‘Welcome Home’
We take a mi casa es su casa approach to home loans: the advantages we’d want for ourselves, we offer to you:
- What starts at OlyFed stays at OlyFed: We don’t sell our loans to third parties – that’d be like selling our relationship with you! We assure top-quality service by providing it ourselves.
- Everyone gets the same great rate – No risk-based pricing with our home loans, you’ll get our advertised rate regardless of credit score.
- People, not computer apps, decide – We click “delete” on automated underwriting with home loans. We believe actual humans make better lending choices.
- You’ll always get the best deal before closing – We hold your rate at application, but if a better number comes along, no worries; it’s yours.
Once you’ve started your loan process, you can log-in to your personal portal to check your loan status, securely upload documents, and get reminders on what to do next.
So Many Great Loan Options
Remember when lending was a simple process? Ours still is.
Home Loan
Go tried and true with classic 10, 15, 20 and 30 year terms and up to 97% financing.
Refinance Loan
Getting a new mortgage to replace your current one may be the right solution.
Purchase Remodel Loan
Like a Conventional loan, minus the red tape of a government rehab loan.
First-Time Buyer Program
Discounted rates and fees are our housewarming gift to you.
Construction Loan
Not only do we roll construction costs and permanent financing into one convenient package, we also close up-front on permanent financing, hold your interest rate at application (if rate goes down prior to closing, you receive the lower rate), accept ‘interest only’ payments as funds are used during the nine-month construction period and have no prepayment penalties. Includes a free automated project management system.
Affordable Loan Program
Yes, you can live the dream. To help eliminate the barriers to homeownership, we’ve created a special loan program for potential borrowers with earnings at 80% or less of the median income levels in Thurston and Mason counties.
Green Choice Loan
Build, buy or retrofit for energy efficiency and help protect the planet.
Our Energy efficient mortgage provides three distinct advantages when buying green:
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 of 60 or lower.
2.) Lends Up to 85% Without Private Mortgage Insurance (PMI): Applies to loans $500,000 and below.
3.) Qualifies for a Reduction in Loan Fees: 0.50% off loan fee for loans $500,000 and below. The reduction on loan fees for loans of $500,001 and above may not exceed $2,500.00.
*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.
Jumbo Loan
Developed Lot Loan
Buy the property now, build when you’re ready. Enjoy minimal closing costs and future construction loan fee discounts. By choosing us, you’ll be eligible for 1/2% off your permanent construction loan fee when you decide to build your home.
Manufactured Home Loan
We have a specially designed program for that.
Home Equity Loan Program (HELP)
Leverage the value you already have with our Home Equity Loan Program.
Be sure to ask about our Green Choice Retrofit HELP! This loan is perfect for upgrading or retrofitting your home with energy-efficient components like: ductless heating systems, Low E windows, upgraded insulation, tankless water heater, energy efficient appliances and solar panels.
This program provides:
1.) Lending up to 90% without Private Mortgage Insurance (PMI).
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.
Home Equity Line of Credit (HELOC)
Exercise your equity for home improvements, debt consolidation, education, and other uses.