In observance of Memorial Day, we will be closed on Monday, May 30.

Committed to Homeownership Since 1906

We’re proud to be the title sponsor of this year’s Olympia Master Builders (OMB) Tour of Homes. This year’s tour features five beautiful homes – one remodel, one solar and three new construction projects – one of which is a luxury tower of apartment homes.

Tour of Homes announcement for OMBNew in 2021 is the Builders First Source (BFS) hub as a starting location for you to pick up your official Tour Guide, explore products and services from different suppliers and manufactures and discover many great loan options while enjoying a free scoop of small batch gelato from Sofie’s Scoops.

Whether you’re gathering home improvement ideas, adding to your decorating or landscaping wish-lists, or looking for a contractor to build or revamp your dream home, the Tour of Homes will be a great resource for you – so come visit us on July 24th or 25th! 

Find something you like? There are a number of ways we can help turn your dreams into a reality! We’ve been financing the building, remodeling or retrofitting of homes in our local community for 115 years.

Our team of knowledgeable and non-commissioned Loan Officers is available to answer your questions and connect you with resources.

Visit the OMB Tour Homepage

Customized Construction Loans Built to Last

Craftsmanship is just as important with your loan as it is with the construction of your new home. With an eye for detail, we design our construction loans to meet your financial needs so you can rest comfortably in your new home for years to come. In fact, many of the first homes built in the South Sound were constructed with the care and support of an OlyFed loan.

Learn More

Busting the Myths of Construction

The idea of building the home of your dreams is an exciting endeavor; however, it can be an intimidating process leaving you stumped on where to begin and what to expect.

To help you bust the seven biggest myths of building and to give you the tips, tools and confidence to start the construction process today, we’ve put together this helpful video that will answer your questions and put you at ease.


Loans to Buy, Build, Remodel or Retrofit

One-Step Construction Rate

We hold rates for our customers at application for 15, 20 or 30 year terms – eliminating interest rate risk. Even better and unique to OlyFed loans, our construction rates are the same as purchase rates.

On top of that, we provide construction loans (with a licensed contractor) up to $649,999 with as little as 5% down and a convenient digital draw system to keep your project moving.

Apply Now Pre-Qualify

Jumbo Loan

You need $650,000 or more? We got this! We offer jumbo loans starting at $650,000 (above conforming limits) with as little as 10% down up to $850,000.

Apply Now Pre-Qualify

Purchase Remodel Loan (Up to 95% LTV)

Due to low inventories and the condition and style of listings, we offer this conventional loan, which gives buyers the flexibility to see the potential of a property without the government red tape of a Fannie Mae Rehab loan.

Apply Now Pre-Qualify

Developed Lot Loan (Up to 75% LTV)

OlyFed customers are eligible for half percent off their construction loan fee when they finance their land through us. We make it easy to roll everything into one loan. Ask us how!

Apply Now Pre-Qualify

Green Choice Loans

If you’re building or retrofitting for energy efficiency, we consider future energy savings to qualify customers for greater buying potential, while offering reduced loan fees.

Note: Jumbo Loans are not available on Green Choice Lending programs.

Apply Now Pre-Qualify

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.

Apply Now Pre-Qualify

First-Time Buyer Program

Discounted rates and fees are our housewarming gift to you.

Apply Now Pre-Qualify

Our Rates

Our advertised rates are available to everyone, regardless of credit score.

Current Rates

Bich HughesIf you look up OlyFedder in the urban dictionary you’ll find a description of our extraordinary group of financial professionals who find joy and purpose in the meaningful work we do with our customers and community. We look forward to helping you!


From the beginning, OlyFed has been dedicated to making homeownership attainable and affordable, which is why they’re built on the simple equation of locals helping locals. It’s why they have a special affordable home loan program for people earning less than 80% of median income.

This is what neighbors do for their friends and this is what OlyFed means when they talk about banking that’s mutual. OlyFed is about putting people and homeownership above the bottom line.

OlyFed? Sure, you might know us as the financial institution that sponsors everything. But our day job is really about serving our communities as a locally based mutual bank. That means we answer to you, our depositors and borrowers; not shareholders.

By mixing amazing customer service, trusted lending solutions and competitive savings rates with 21st century digital and mobile banking technology, we serve up a one-of-a-kind, values-driven approach to local banking.