Yes! Kitsap Credit Union offers special programs for first-time homebuyers, including low down payment options and government-backed loans like FHA loans, making homeownership more accessible and affordable. Learn More

Yes! Kitsap Credit Union offers refinancing options that may help you lower your monthly payments, reduce your interest rate, or gain access your home’s equity. Our team is here to help you find the best solution for your financial goals. Learn More

You can apply for a home loan online, over the phone, or in person at a Kitsap Credit Union branch. Our Mortgage Consultants are ready to guide you through every step of the process. Learn More

Get pre-qualified with Kitsap Credit Union by providing basic financial information. This quick and easy process gives you an estimate of how much home you can afford, helping you shop with confidence.  Learn More

Finding the perfect home loan starts with understanding your unique needs—like your down payment, credit score, and whether you're a first-time buyer or a veteran. At Kitsap Credit Union, our expert loan specialists are here to guide you every step of the way, helping you explore the best options for your homeownership journey. Learn More

An FHA Loan is a great option for first-time homebuyers and those with lower credit scores. Backed by the Federal Housing Administration, it features lower down payment requirements and flexible qualification criteria, making homeownership more accessible. Learn More

A fixed-rate mortgage keeps the same interest rate throughout the loan term, providing predictable monthly payments. An adjustable-rate mortgage (ARM) may start with a lower initial rate, but the rate can adjust periodically based on market conditions. Learn More

A USDA Loan is a great option for homebuyers with geographical or income limitations. Backed by the U.S. Department of Agriculture, this loan helps make homeownership more affordable for qualified borrowers. Learn More

Private Mortgage Insurance (PMI) is typically required on all loans if your down payment is less than 20%. It protects the lender in case of default but can often be removed once you build enough equity in your home with the exception of FHA loans. Learn More

A Conventional Loan is a great option for borrowers with strong credit, as it’s not insured by the government and typically requires a higher credit score. If you're looking for more flexible options, government-backed loans—like FHA, VA, and USDA loans—offer benefits such as lower down payments and more accessible credit requirements to help make homeownership possible. Learn More

A home purchase loan helps you finance the purchase of a new home, while a home equity loan lets you borrow against your current home's value to fund other financial needs—like renovations, debt consolidation, or major expenses. Learn More

Pre-qualification provides an initial estimate of your borrowing power based on basic financial information, while pre-approval involves a more detailed financial review. A pre-approval gives you stronger buying power with sellers, making your offer more competitive. Learn More

At Kitsap Credit Union, we offer a variety of home loan options like purchases, refinances, and more —including Conventional, FHA, VA, USDA, and Construction loans—designed to fit your unique home financing needs. Let us help you find the right loan for your journey to homeownership. Learn More

A VA Loan is an exclusive benefit for eligible military service members, veterans, and surviving spouses. Backed by the U.S. Department of Veterans Affairs, it offers no down payment, competitive interest rates making homeownership more affordable for those who have served. Learn More

We currently offer commercial and business construction loans, including loans for non-profit organizations. For more information on these loans, contact one of our Member Business Lending experts today!

At this time, we do not have residential construction loans. If you would like more information or are interested in applying for a home mortgage, please visit our mortgage page.

 

Running a business is not easy, but banking at Kitsap Credit Union is.

As a local community Credit Union, Kitsap will provide:

• Secured term loans and lines of credit
• Loan terms customized to work for you
• Competitive rates
• Experts with knowledge of the local market

Apply for a business loan today!

At this time, Kitsap Credit Union does not have a notification system that could contact you when rates are updated.

You can always visit our Mortgage Web Center for today’s rates, or stop by a local branch.

 

Looking to apply for a mortgage?

Take advantage of our low closing costs, and learn more about the different loan options we have available to you on our Mortgages page.

Get a Rate Quote today and Apply Now to get pre-approved!

If you have questions about an application, current mortgage or to speak with one of our dedicated professionals, call us at 877-817-0279 or set up an appointment with our Business team through our Online Appointment Scheduler.

 

Yes, you can select the insurance company of your choice provided that the coverage meets credit union guidelines. The credit union must always be listed in the mortgagee clause during the period of time the mortgage, home equity loans or home equity line of credit is open.

 

It depends on the specifics of your loan transaction. Mortgage loans typically require reserves for taxes and insurance if the loan amount is greater than 80% of the value. Reserves are not required for loans in second lien position or HELOC’s. You’ll want to bring this question up before you close on a mortgage loan.

Competitive rates with expert advice you can trust from your local neighborhood lender.

 

Looking to apply for a mortgage?

Take advantage of our low closing costs, and learn more about the different loan options we have available to you on our Mortgages page.

Get a Rate Quote today and Apply Now to get pre-approved!

If you have questions about an application, current mortgage or to speak with one of our dedicated professionals, call us at 877-817-0279 or set up an appointment with our Business team through our Online Appointment Scheduler.

 

Yes, homeowner’s insurance is required to be in place at the time the loan funds are disbursed and must continue during the term of the loan. The credit union must be listed as a mortgage lender.

 

 

We offer FHA and USDA financing which can be a good option for those making their first home purchase.

• FHA loans are excellent for first-time home buyers because, in addition to looser credit requirements, they allow low down payments.
• USDA loans are also a good option if applicants meet income guidelines and the property is located in an eligible area.

 

Looking to apply for a mortgage?

Take advantage of our low closing costs, and learn more about the different loan options we have available to you on our Mortgages page.

Get a Rate Quote today and Apply Now to get pre-approved!

If you have questions about an application, current mortgage or to speak with one of our dedicated professionals, call us at 877-817-0279 or set up an appointment with our Business team through our Online Appointment Scheduler.

 

Not a member yet?

Applying is fast and easy! You will need the following information in order to complete the application:

• Government issued ID/Driver's license/State ID or Passport with current address
• Current physical and mailing address
• Social Security Number
• Date of Birth

Click here to apply now!

 

We offer FHA and USDA financing which can be a good option for those making their first home purchase.

• FHA loans are excellent for first-time home buyers because, in addition to looser credit requirements, they allow low down payments.
• USDA loans are also a good option if applicants meet income guidelines and the property is located in an eligible area.

 

Looking to apply for a mortgage?

Take advantage of our low closing costs, and learn more about the different loan options we have available to you on our Mortgages page.

Get a Rate Quote today and Apply Now to get pre-approved!

If you have questions about an application, current mortgage or to speak with one of our dedicated professionals, call us at 877-817-0279 or set up an appointment with our Business team through our Online Appointment Scheduler.

 

Not a member yet?

Applying is fast and easy! You will need the following information in order to complete the application:

• Government issued ID/Driver's license/State ID or Passport with current address
• Current physical and mailing address
• Social Security Number
• Date of Birth

Click here to apply now!

 

Yes! Kitsap Credit Union offers VA and FHA loans and more for property located in the state of Washington.

Apply now to take advantage of:

• Today's low rates
• Fast pre-approvals

Ready to get started? View our current rates and apply now!

If you elect to escrow your property taxes, you will make monthly payments and the credit union will pay your taxes on your behalf.

If you do not escrow the property taxes, then you are responsible for making the property tax payment when it comes due.

 

Be a master of your finances with Financial Education!

Not only are we here to lend you a hand with your purchases, but we're also here to help you achieve financial wellness and meet your money goals.

Visit our Financial Education page today and start using our free curriculum and tools!

 

Every refinance will be different and once you submit an application you will receive a Loan Estimate form that will breakdown the costs for your situation but a good rule of thumb is about 2-3% of the loan amount you are borrowing.

Kitsap Credit Union has the right experts to guide you through the process from start to finish.

Looking to apply for a mortgage?

Take advantage of our low closing costs, and learn more about the different loan options we have available to you on our Mortgages page.

Requests for subordination usually come from the mortgage company you are working with. You will need to provide them with a letter, signed by you, requesting the subordination. This will allow us to work directly with the mortgage company for the letter. The fax number to send the request to is 360-307-2100.

 

The specific amount of your closing costs will vary depending on your specific situation but costs generally fall into three categories: third party fees, taxes and other unavoidable costs, and lender fees.

Third Party Fees include:

• Appraisal fee
• Credit report fee
• Settlement / closing fee
• Survey fee
• Tax service fee
• Title insurance fee
• Flood certification fees
• Courier / mailing / notary fees

We collect any third-party fees and pass them on to the person who performed the service. For example, an appraiser is paid the appraisal fee, a credit bureau is paid the credit report fee, and a title company is paid the title insurance fees.

Taxes and other unavoidable costs include:

• State/Local Taxes and
• Recording fees

These fees will most likely have to be paid regardless of the lender you choose. If some lenders don't quote you fees that include taxes and other unavoidable fees, don't assume that you won't have to pay it. It probably means that the lender hasn't done the research necessary to provide accurate closing costs.

Lender fees may include:

• Points
• Document preparation fees
• Loan processing fees

These fees are retained by the lender and are used to provide you with the lowest rates possible. This is the category of fees that you should compare very closely from lender to lender before making a decision.

Apply now to take advantage of:

• Today's low rates
• Fast pre-approvals

 

Looking to apply for a mortgage?

Take advantage of our low closing costs, and learn more about the different loan options we have available to you on our Mortgages page.

Get a Rate Quote today and Apply Now to get pre-approved!

If you have questions about an application, current mortgage or to speak with one of our dedicated professionals, call us at 877-817-0279 or set up an appointment with our Business team through our Online Appointment Scheduler.

 

A mortgage is a loan to finance the purchase of your home.

Your home is collateral for the loan, which is also a legal contract you sign to promise that you'll pay the debt, with interest and other costs, typically over 15 to 30 years.

If you don't pay the debt, the lender has the right to take back the property and sell it to cover the debt. To repay the debt, you make monthly installments or payments that typically include the principal, interest, taxes and insurance, together known as PITI.

For a fun video about mortgages, watch this short video below!

Looking to apply for a mortgage?

Take advantage of our low closing costs, and learn more about the different loan options we have available to you on our Mortgages page.

Get a Rate Quote today and Apply Now to get pre-approved!

If you have questions about an application, current mortgage or to speak with one of our dedicated professionals, call us at 877-817-0279 or set up an appointment with our Business team through our Online Appointment Scheduler.

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A mortgage note, sometimes called a real estate lien note, is a signed legal document that states the signer will repay the amount that has been loaned, plus any interest that accrues during a specified amount of time at a predetermined interest rate.

When you take out a loan to purchase the home, you will need to sign the mortgage (deed of trust) as well as this promissory note. The promissory note contains the terms of loan repayment, while the deed is released to you upon completion of payment.

 

Looking to apply for a mortgage?

Take advantage of our low closing costs, and learn more about the different loan options we have available to you on our Mortgages page.

Get a Rate Quote today and Apply Now to get pre-approved!

An escrow account is established as a convenient way to manage property taxes and insurance for your home. Sometimes referred to as an "impound account", escrow accounts allow you to make one monthly payment, instead of paying individual bills when they are due.

A portion of your monthly mortgage payment goes directly to your mortgage (principal and interest) and the remainder is allocated to your escrow account to cover property taxes and insurance. When the individual bills are due, your lender will pay them with funds from your escrow account.

 

Looking to apply for a mortgage?

Take advantage of our low closing costs, and learn more about the different loan options we have available to you on our Mortgages page.

Get a Rate Quote today and Apply Now to get pre-approved!

If you have questions about an application, current mortgage or to speak with one of our dedicated professionals, call us at 877-817-0279 or set up an appointment with our Business team through our Online Appointment Scheduler.

It's always a good idea to get pre-approved before shopping for a new home. Getting pre-approved with a lender provides peace of mind that your credit and income meets the guidelines for the loan amount you have requested.

It helps identify an appropriate budget for the value of the home you are shopping for. It also shows sellers you are a serious buyer in the negotiation process.

Competitive rates with expert advice you can trust from your local neighborhood lender.

Whether you 're a first time home buyer, looking to refinance, or want to take advantage of special VA, USDA, or FHA home loan programs, Kitsap Credit Union has the right experts to land you the home of your dreams and guide you through the process from start to finish.

Apply now to take advantage of:

• Today 's low rates
• Fast pre-approvals

 

Looking to apply for a mortgage?

Take advantage of our low closing costs, and learn more about the different loan options we have available to you on our Mortgages page.

Get a Rate Quote today and Apply Now to get pre-approved!

If you have questions about an application, current mortgage or to speak with one of our dedicated professionals, call us at 877-817-0279 or email us at HomeLoans@kitsapcu.org.