APR = Annual Percentage Rate

• Subject to credit approval

• APR is based upon a $150,000 loan amount, 15-year loan term and rate as low as 5.250%

• Typical loan payment is $1,205.82 for a $150,000 loan amount, 15yr term and interest rate of 5.25%

• Minimum Credit Score of 720

• Owner Occupied Property

• 1st DOT  Single Family Residential property in Washington State only. (Other collateral limitations may apply)

• Loan to Value (LTV) <= 80%.

• Product also available for different Loan term, Credit Score, Occupancy type, Deed position and  Property type

• Product also available for different loan term, credit score, occupancy type, deed position and property type

• Changes to Loan amount, Loan term, Credit Score, Occupancy, Deed position, Property type or Loan to Value (LTV) may affect the APR

• Payments do not include 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 loan

Please call your local Kitsap Bank Branch for additional details

APR = Annual Percentage Rate

• Subject to Credit Approval

• Variable rate based on the Wall Street Journal Prime Rate of 4.750% as of 10/31/19 plus or minus a margin

• 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, occupancy, loan amount and term; maximum of 18% APR

• Minimum Credit Score of 720

• Owner Occupied Property

• 1st DOT Single Family Residential property in Washington State only.  (Other collateral limitations may apply)

• Loan to Value (LTV) <= 80%.

• Product also available for different Loan term, Credit Score, Occupancy type, Deed position and  Property type

• Changes to Loan amount, Loan term, Credit Score, Occupancy, Deed position, Property type or loan to value (LTV) may affect the APR

• 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. 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 $552.48 and $5,335.00 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.

• Second Homes and Non Owner Occupied requests, the borrower is responsible to pay all associated third party fees and charges which generally total between $552.48 and $5,335.00.

• Second Homes and Non Owner Occupied requests are subject to a prepayment penalty of $500.00 for loans paid within the first 24 months.

• Property insurance required and flood insurance may be required if applicable.

Fixed Rate Option Feature for Owner Occupied Only

• 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.

• Contact your local branch for the rates available for the Fixed Rate Options.

• You should consult a tax advisor regarding the deductibility of interest and charges for the Home Equity Line of Credit.