Kitsap Credit Union offers traditional mortgages as a part of its home loan services, according to its website. Additional services include fixed-rate home equity loans and home equity lines of credit.
Kitsap Credit Union's home loans are targeted toward a range of borrowing needs, including first-time purchases and refinancing of existing loans, according to the company's website. The company also provides special loans through U.S. Veterans Affairs, Department of Agriculture and Federal Housing Administration programs. Kitsap allows individuals to apply online, over the phone and in-person for these products, and it also provides prequalification letters as a part of its preapproval program that helps home buyers secure financing prior to making a purchase.
The company's home equity lines of credit provide financing for various financial outlays and emergency situations, with durations as long as 10 years, according to the credit union's website. These services allow customers to borrow as much as 80 percent of the value of their homes, which is limited by any outstanding mortgage balances. The company allows for payments through payroll deductions, preauthorized transfers or direct online banking payments. The company's fixed-rate home equity loans can also be used to attain funding for virtually unrestricted purposes, including children's education and house remodelling. Customers make regular, fixed payments that do not vary with interest rate fluctuations and can be spread over as many as 15 years.