Owning a home is a dream that Olympia Federal helps their customers achieve. In the past three years, OlyFed has closed on more than $27 million in affordable home loans in Thurston, Mason and Lewis counties, helping hundreds of families realize their vision and reap benefits that come with homeownership.
“Buying a home doesn’t need to be stressful or feel unattainable, which is why we have put together a number of loan programs and homebuyer education opportunities,” says Melissa Kirkeby, AVP/Mortgage Loan Officer Manager. “The goal of our Affordable Home Loan program is to create the lowest possible monthly payment so that more people can qualify to purchase a home.”
“The way our program is set up, we are helping families save thousands of dollars on their housing expenses each year, which can be put to use for savings or covering other important budget items.” First-time home buyers who meet income qualifications can receive a discounted interest rate based on current market rates. Additionally, qualifying borrowers can benefit from a reduced loan origination fee, from the usual 1% to a flat fee of $800.00. Borrowing can even be up to 97% of the purchase price with all but $1,000 of the down payment coming from a family gift or down payment assistance program. Sellerpaid closing costs are also allowed.
OlyFed also has loan programs for refinancing and construction. Of course, there are also many banking services available for personal and business use.
Undertaking the path to homeownership can be daunting. OlyFed would like to be with you on your path so you can better understand your options, how financing works, and what you could actually afford. “I felt truly grown-up and thrilled when I signed the papers on my first house,” says one satisfied owner.
“We know homeownership means stability, community, the opportunity to build wealth and to access capital through equity,” Kirkeby continues. “These are key differentiators when it comes to improving education levels, health outcomes and our overall quality of life.”
Olympia Federal has offices through the Olympia area as well as Yelm, Belfair and Chehalis.
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