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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 
(1st Deed of Trust; Up to 60 Months)

Apply for a Powerline Home Equity Line of Credit
(1st or 2nd Deed of Trust; Up to 120 Months)  

Kitsap Bank NMLS – 454067

Home Equity1

Loan SolutionLTV APR Term
1st Deed of Trust - $50,000 - $300,000 (1)Up to 80%4.25% - 5.00%Up to 180 months
1st or 2nd Deed of Trust - $25,000 - $49,999 (2)Up to 80%4.50% - 5.25%Up to 120 months
2nd Deed of Trust - $50,000 - $300,000 (3)Up to 80%4.50% - 5.25%Up to 180 months
Call for Quote if loan amount is > $300,000 or the 1st and 2nd liens combined are > $424,100.

Powerline Home Equity Line of Credit2

Loan SolutionLTV APR Term Loan Amount
1st Deed of Trust (1)Up to 80%4.74% *Up to 60 Months$100,000 - $424,100 **
1st or 2nd Deed of Trust (2)Up to 80%4.99% *Up to 120 months$25,000 - $300,000

  1.  APR = Annual Percentage Rate     

    • Subject to Credit Approval.      
    • Your actual rate and payment amount may be different as determined by your collateral, term, loan amount and credit qualifications.     
    • Owner occupied detached Single Family Residential homes in the State of Washington only. Other  collateral limitations may apply.     
    • No Loan Fee.  Borrower pays all closing costs to include flood determination, title policy, credit report, recording fees, and appraisal.    
    • Closing costs paid by the bank up to $500.00 on all loans ≥$50,000 with credit score of 720 or higher.     
    • Prepayment penalty of $500.00 for loans paid within the first 24 months.    
    • Typical loan payment examples are as follows: (1). $376.14 per month, based on 15 year, $50,000 loan at 4.25% APR. (2) $259.10 per month, based on 10 year, $25,000 loan   at 4.50% APR. (3) $382.50 per month, based on 15 year, $50,000 loan at 4.50% APR.    
    • Payments do not include amounts for taxes and insurance premiums.    
    • Property insurance required, flood insurance may be required if applicable.

  2.          
     APR = Annual Percentage Rate  


    • Subject to Credit Approval. 
    • Your actual rate and payment amount may be different as determined by your collateral, term, loan amount and credit qualifications.     
    • Rates are subject to change depending on market conditions and may increase after consummation.    
    •  * Variable rate based on The Wall Street Journal Prime Rate of 4.50% as of 12-14-17  plus a margin of .24% or .49%. (Maximum APR 18%)    
    • Estimated interest only loan payment examples are as follows: (1). $3.95 per month, for each $1,000 advanced at 4.74% APR. (2) $4.16 per month, for each $1,000 advanced   at 4.99% APR. Interest only payments will result in a balloon payment due at maturity. (Maximum interest only payment $15.00 per month, for each $1,000 advanced at 18% APR.)    
    • Rate to float monthly with a floor of 4.49% or 4.74% APR depending on the lien position, loan amount and term; maximum of 18% APR.
    • Owner occupied detached Single Family Residential homes in the State of Washington only. Other collateral limitations may apply.   
    • No loan fee. Borrower pays all closing costs to include flood determination, title policy, credit report, recording fee and appraisal. These third party fees generally range between $680.73 and $4,524.00.
    • Closing costs paid by the bank up to $500.00 on all loans ≥$50,000 with credit score of 720 or higher.     
    • Prepayment penalty of $500.00 for loans paid within the first 24 months.     
    • Property insurance required, flood insurance may be required if applicable.    
           
       **Call for Quote if the 1st lien or the 1st and 2nd liens combined are greater than $424,100.    

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FDIC Insured Equal Housing Lender

This service is for Washington State residents only.

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