Let's talk about your options.

Stop by your local Anchor Bank and learn more about how we can help you finance your next project.

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For a printable summary of our Home Loan Programs please click here.


Demographic Collection Form

The purpose of collecting this information is to help ensure that all applicants are treated fairly and that the housing needs of communities and neighborhoods are being fulfilled.

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Please click here to view or download this form.


Contact Kevin Jensen for Mortage Loans, Construction Loans, Home Equity, and Home Equity Lines of Credit

Kevin Jensen
VP, Residential Lending Manager
Lacey Branch
NMLS #85186
360.491.2250 Office
206.240.0794 Cell

Contact Julie for Mortage, Home Equity, Auto and other personal loans

Julie West
AVP, Senior Loan Representative
Aberdeen Branch
NMLS #741229
360.537.1420 Office
360.580.0849 Cell


Home Loans


Conventional Mortgages - Anchor Bank has been helping Washington families finance their homes since 1907. We have a variety of products available and make our decisions locally.  If you are in the market for a purchase or refinance, contact us and we will find the right financing package to fit your needs.

POWERHOUSE MortgageOur POWERHOUSETM Mortgage Loan can help you pay off your home faster and save money on interest with fewer payments. We have a variety of products available and make our decisions locally.  If you are in the market for a purchase or refinance, contact an Anchor Bank Loan Officer and let us find the right financing package to fit your needs and your budget. 

You can also apply online, get a rate quote, or just explore the different mortgage products and terms available. Click here to get started online now.


FHA Insured Mortgage Programs - Buying your first home or looking for low down payment financing options?  An FHA loan might be just what you need.  Closing costs and fees can be included in your loan and programs are available on 1-4 unit properties. Click here to get started online now.


VA Loans for Veterans - VA loans are home loans for the purchase of a primary residence available to consumers who have served or are presently serving in the U.S. military. Click here to get started online now.


USDA Rural Housing Loans - We are excited to bring you the option of a USDA mortgage. For those who qualify, 100% financing is available bringing the dream of home ownership within reach. With low interest rates and flexible guidelines, a USDA home loan could help you achieve your financial goals. Eligibility is based both on the property and the borrower. The property must be located in a rural development eligible area, and be occupied as your primary residence.

Even if you do not consider your area "rural" you may be surprised to learn that there are eligible properties nearby. The USDA provides details about available programs on their website, including property mapping and income eligibility requirements. Contact us to help you determine whether there are qualifying properties nearby. 


Click Here to Check Mortgage Rates or Apply Now

Loans subject to credit approval. Other terms and conditions apply.


POWERHOUSE Contruction Loans

POWERHOUSE Construction


Our POWERHOUSETM Construction Loans provide a fast and affordable way for you to build your perfect home from foundation to finish.


Loan Calculators



Home Equity Loans


Tap into the equity that you’ve built in your home at an attractive rate and use it for home improvements, unexpected expenses, debt consolidation, tuition payments and more. Anchor Bank offers two great options.

Home Equity Loan - Enjoy a competitive fixed-rate with set monthly payments and financing up to 89% total LTV (Loan to Value).

Home Equity Line of Credit (HELOC) - This revolving line of credit allows you to pay back and borrow against it as many times as you need, whenever you need it.

  • Maximum loan amount of $250,000
  • Minimum loan amount of $10,000
  • Maximum LTV of 89%
  • For primary residences only


Powerhouse Home Equity Line of Credit (HELOC)
Rate TypePayment TypeTermAPR
Variable Interest Only 10 Years (Draw Period) As low as 5.00%
Fixed Principal + Interest Next 20 Years (Repayment Period) As low as 5.00%
Home Equity Term Loan                                                                                                                                 Monthly payment examples on a $25,000 Loan as low as
TermFixed RateAPR10 year15 year20 year
Fixed Term 4.99 - 5.99% 5.054 - 6.065% $265.04 $197.57 $164.85


Apply Online

*POWERHOUSE HELOC: The APR is variable and is based on an index plus a margin; maximum APR 18%. The margin is based on credit score and Loan to Value (“LTV”) at time of application. The variable APR shown above is based on excellent credit score and maximum 70% LTV. Variable APRs are current based on the index and margin as of December 14, 2017. There is an Annual Maintenance fee of $50 through a 10-year draw period. The draw period is followed by a 20-year repayment period during which additional draws are not permitted and the balance is paid off. The monthly minimum interest-only payment will not reduce the principal balance through the draw period. The APR during the repayment period will be the APR in effect at the end of the draw period, with a minimum of 5.0%, and will be fixed during the repayment period.

**TERM HOME EQUITY: Our standard rates based on the loan to value ratio (LTV) and credit score at the time of application.  The Annual Percentage Rate (APR) and payment examples shown above are based on excellent credit scores, and are calculated based on a $100,000 loan.  Remaining term payment in examples above are based on scheduled payments being made on due date each month. 

All loans are subject to credit approval. Other terms and conditions may apply. Available for primary residence only. Maximum LTV is 89%. Minimum Loan amount is $10,000.

Interest on home equity loans and lines of credit may be tax-deductible; consult your tax advisor. The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes.

Deferred Third Party Fees: Borrower pays for appraisal if required; cost ranges from $450 to $650. Other closing costs are deferred, and will be waived unless loan is paid off or line of credit is cancelled within three years. Other third party fees range from $625-$1,000. Insurance must be maintained on the property securing this loan or line.


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