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Home Equity Loans

Planning to tackle some home improvements or working to consolidate some debt? Increase your financial flexibility with a Kitsap Bank Home Equity Loan or Powerline Home Equity Line of Credit. Both options offer appealing rates and terms. Best of all, some of the interest can be tax-deductible*.

*Consult a tax advisor regarding the deductibility of interest.

Home Equity Loan

Need money for home remodel? A fixed-rate Home Equity Loan is a great option, especially if you have plans for your money and need all of the funds immediately. Maximize the equity of your home for those large, one-time expenses.

Apply for a Home Equity Loan

Powerline Home Equity Line of Credit

With a Powerline Home Equity Line of Credit, enjoy a great rate, a revolving credit line, and the flexibility of deciding how much and when you would like to draw your funds.

Apply for a Powerline Home Equity Line of Credit   

Kitsap Bank NMLS – 454067

Home Equity1

Loan SolutionLTV APR Term
HEL 1st Deed of Trust - Owner OccupiedUp to 80%4.25%Up to 180 months
HEL 2nd Deed of Trust Owner OccupiedUp to 80%4.50%Up to 180 months

Powerline Home Equity Line of Credit2

Loan SolutionLTV APR Term Loan Amount
1st or 2nd Deed of Trust, Owner OccupiedUp to 80%4.49%Up to 120 Months$25,000 Minimum
  1. Subject to Credit Approval.   Owner occupied detached Single Family Residential homes in the State of Washington only.  Some collateral limitations may apply.  No Loan Fee.  Borrower pays all closing costs to include flood determinations, title policy, credit report, recording fees, and appraisal. Closing Costs paid by the bank up to $500.00 on all loans ≥$50,000 and credit score over 700. Prepayment penalty of $500.00 for loans paid within the first 24 months. Property Insurance required. Your actual rate and payment amount may be different as determined by your collateral, term, loan amount and credit qualifications. Payments do not include amounts for taxes and insurance premiums. Typical loan payment examples are as follows: Home Equity Loan: $376.14 per month, based on a 15 year, $50,000 loan at 4.25% APR.

  2. Variable rate based upon the Wall Street Journal Prime Rate of 4.00% as of 3-16-17 plus a margin of .74%. Rate to float monthly with a floor of 4.74% APR; maximum of 18.00% APR. Rates subject to change depending on market conditions. Loan to Value less than 80% of current appraisal. Owner occupied detached Single Family Residential homes in the State of Washington only.  Some collateral limitations may apply.  Borrower pays all closing costs to include flood determinations, title policy, credit report, recording fees & appraisal. These third party fees generally total between $652.73 and $4,083.00. No Loan Fee. Closing Costs paid by the bank up to $500.00 on all loans ≥$50,000 and credit score over 700.  Prepayment penalty of $500.00 for loans paid within first 24 months. Property insurance will be required.     
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This service is for Washington State residents only.

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