Home Equity Loans

Are you planning to tackle some home improvements or working to consolidate debt? Home equity lines of credit (HELOC) allow you to use the equity or value of your home as collateral. 

Increase your financial flexibility with a Kitsap Bank Home Equity Loan or Powerline Home Equity Line of Credit. Both loan 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.


We’d love to lend a hand

For over 100 years, we’ve been helping our Pacific Northwest neighbors invest in making your dreams a reality.  

  • Apply online, anytime
  • Online portal with real-time updates on your loan status and resources
  • Our Loan Officers will guide you through the process

Easy and transparent process

As a local, independent, family-owned bank, we’re making it easy to apply for home equity loans through Kitsap Bank’s online home loan application portal - Borrower Wallet. 

Access Borrower Wallet from your phone or computer for updates and more:

  • View up-to-the-minute status of your loan application
  • View a summary of your loan
  • See your application checklist to see which documents you’ve submitted or need to submit
  • Easily upload documents by scanning, taking a photo, or bringing them into a Kitsap Bank branch!
  • Access to loan education and resource center 
  • Easy access to your loan team

NMLS #454067

Begin the Home Equity Loan Application Process Now

Fixed Rate Home Equity Term Loan1

Loan SolutionLTV APR Term Loan Amount
1st Deed of Trust (1)** Up to 80%* 5.25% - 5.29%30 year amortization with balloon payment due in 12 yearsLimits $25,000-$500,000
1st Deed of Trust (2)**Up to 80% LTV*5.49% - 5.53%Up to 180 monthsLimits $25,000 - $400,000
2nd Deed of Trust (3)***Up to 75% CLTV*5.75% - 5.77%Up to 180 monthsLimits $25,000 - $400,000
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    *APR = Annual Percentage Rate

    **LTV = Loan to Value

    ***CLTV = Combined Loan to Value

    • Subject to Credit Approval.
      A typical loan payment examples based on first payment date 30 days from funding are as follows:
      • (1) $828.68 per month for the first 143 months with a final balloon payment of $116,431.58 due on the 144th month, based on 30-year amortization with the balance due in 12 years,  $150,000 loan at 5.25% interest rate (5.26% APR*)
      • (2) $1,253.35 per month, based on 15-year, $150,000 loan at 5.49% interest rate (5.50%  APR*)  
      • (3) $1,274.28 per month, based on 15-year, $150,000 loan at 5.75% interest rate (5.76%  APR*)  
      • Property taxes and insurance are required but are not included in the sample monthly payments.
    • Maximum debt to income ratio 43%.
    • Minimum credit score 680.
    • No prepayment penalty.
    • LTV/CLTV limits and loan amounts apply.
    • Owner occupied single family residential properties in the State of Washington only. Other collateral limitations may apply. 
    • The actual rate and payment amount may be different as determined by the collateral, term, loan amount and date of first payment.
    • Unique properties will be considered on a case by case basis.
    • In addition to typical hazard insurance, flood insurance may be required and escrowed if the property is located in a flood zone.
    • Borrower is responsible to pay all associated third party fees and charges. 
    • The Borrower should consult a tax advisor regarding the deductibility of interest and charges for the Home Equity Loan.

    Please call your local Kitsap Bank Branch for additional details.



Powerline Home Equity Line of Credit1

Loan SolutionLTV APR Term Loan Amount
Powerline Home Equity Line of CreditUp to 80%*as low as 5.25%up to 120-monthsLimits $25,000-$750,000
  • 1

    *APR = Annual Percentage Rate

    • Subject to Credit Approval.
    • Variable rate based on the Wall Street Journal Prime Rate; may be subject to a margin of plus or minus a 0.25%.
    • The floor is 4.50%; the annual percentage rate will not go below 4.50%, except during the promotional 6 month period, if applicable.
    • Estimated interest only loan payment is $4.38 per month, for each $1,000 advanced at 5.25% APR*.
    • Rates are subject to change depending on market conditions and may increase after consummation.
    • Rate to float monthly with a floor established at origination depending on the lien position, loan amount and term; maximum of 18% APR*.
      • Maximum interest only payment is $15.00 per month for each $1,000 advanced at 18.00% APR*.
    • Minimum Credit Score of 680.
    • Owner occupied single family residential property in the State of Washington only. Other collateral limitations may apply.
    • Product also available for different Loan term, and Deed position.
    • Changes to loan amount, loan term, or deed position may affect the annual percentage rate.
    • Monthly payments are typically interest only and do not include principal, property taxes or insurance premiums.
    • Hazard insurance required; flood insurance may be required if applicable.
    • You should consult a tax advisor regarding the deductibility of interest and charges for the Home Equity Line of Credit.

    Please call your local Kitsap Bank Branch for additional details.

    Owner Occupied only 

    • The Bank will pay all of the initial third party fees such as but not limited to appraisal, credit reports, recording fees, flood determinations, title and escrow fees. 
    • In the event an appraisal is needed to evaluate your loan request, the cost for the appraisal must be paid up front before the appraisal order is placed.  The appraisal fee will then be credited back at the time of loan closing.  Where appraisal services are rendered and the loan is not originated; the appraisal fee is not refunded.
    • If this line of credit is terminated on or before the 36th month from the Credit Agreement date you will be required to repay all fees and charges initially paid by the Bank.
    • Third party fees and charges generally total between $481.00 and $3,457.00 and the Bank will provide you with an itemization of these fees upon closing.
    • You may terminate your Line of Credit by paying the balance in full and requesting us to reconvey the Deed of Trust that secures the Credit Lien. You may pay your Credit Line to a zero balance and not pay this fee if you intend to keep the credit line active.

    Fixed Rate Option Feature for Owner Occupied Only

    • Only available on new and existing PowerLines secured by Owner Occupied Primary Residences originated after January 2019.  All Powerlines originated prior to this date and existing lines secured by Second Homes or Investment Properties are not FRO eligible.
    • Option to term out up to 3 different Fixed Rate portions at any time during the life of the draw period.
    • The principal becomes available again in the Home Equity Line of Credit as the balance is repaid on the Fixed Rate Option.
    • The minimum amount for a Fixed Rate Option is $5,000; the maximum is the outstanding balance.
    • The term-out period for a Fixed Rate Advance is 36 months to 120 months depending on the amount fixed.
    • The minimum monthly payment is $100.00 or the fully amortized payment whichever is greater.
    • A fee of $50.00 applies for each Fixed Rate Option.
    • You should consult a tax advisor regarding the deductibility of interest and charges for the Home Equity Line of Credit.

    Please call your local branch for the rates available for the Fixed Rate Options.


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