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PERSONAL LOANS & LINES OF CREDIT

Funding & Flexibility

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Local Loans to Fund Your Dreams

Maybe you've been thinking about getting a new RV or boat, going back to school or consolidating your debt. Whatever your personal goal, we can help you find a personal loan to match. We offer a number of options-all featuring competitive rates, flexible terms and local decision making.

Boat & RV loans

Get prequalified so you have more negotiating power with your dealer or private seller.
Learn more

Classic Reserve Line

Add the convenience and security of a line of credit to your personal checking account.
Learn more

Deposit secured loans

Use your Heritage CD account balance as collateral for a personal loan.
Learn more

Home Equity Lines of Credit

A convenient and flexible way to tap into the equity of your home.
Learn more

 

Personal Loans

A variety of loan options are available for your unique borrowing needs.

When is a consumer loan a good choice?
Consumer loans can be used for a variety of purposes, such as consolidating debt, paying for a vacation or purchasing a boat or RV.

Unlike a credit card, which sets a credit limit but has no payoff date per se, consumer loans have set monthly payments and an agreed-upon term of repayment (usually 2–5 years). Consumer loans offer fixed rates that are usually lower than credit cards, making them an ideal option for purchases that may take a few years to repay.

Find the loan that's right for you.
We offer a variety of products for all types of borrowing needs: boat and RV loans, home equity loans, deposit-secured loans and more. Our experts will help you find the perfect fit.

See loan calculators
Consumer loan application (PDF) 
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Personal Lines of Credit

A flexible way to access funds when you need them and only pay interest on money you actually use.

When is a line of credit a good choice?
Lines of credit can be used for a variety of purposes such as home improvement projects, loan consolidation; and more. Only pay interest on the money you actually use.

Classic Reserve Line of Credit.
This line of credit gives you the ability to have funds available when you need them. With it, you can advance funds to your checking account when needed and set up automatic advances as a method of overdraft protection.

Classic Reserve Line of Credit Application

Home Equity Line of Credit (HELOC).
A convenient and flexible way to access the equity of your home, this line of credit gives you the freedom to fix a portion (or all) of your outstanding balance at a competitive fixed interest rate. Simply access funds online, by phone or in person at a branch.

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Our Lending Criteria

When determining whether you're a right fit for banking with us, Heritage Bank always employs the five "Cs":

Character
Review your credit history to determine how you handle debt.

Credit
Use credit reporting/scoring agencies to review your payment history.

Cash Flow
Use several methods to calculate your cash flow, which we consider to be the primary source for your loan repayment.

Capacity
Analyze whether you have the capacity to repay the loan in the event of a downturn. We'll look at your ability to convert assets to cash or borrow against those assets.

Collateral
Provide the option of both secured and unsecured loans. Generally, the less you provide for collateral, the higher your interest rate will be.

Why choose Heritage for your personal loan?

Right near you

Headquartered right here in Olympia, we keep banking close to home. All lending decisions are made locally.

Custom solutions

Because your goals and values are unique, we offer products and solutions tailored to you.

History of success

There's a reason Heritage is still thriving after 90 years. We offer the depth of knowledge to be competitive in any market-in any era.

Get Started with Your Loan Today

In addition to your signed and completed consumer loan application, we'll ask you to provide the following information and documentation:

  • Verification of income, including recent pay stubs or W-2s.
  • If you are self-employed, or if you receive income based on commission, please include copies of your personal and business tax returns from the previous two years plus your most recent year-to-date profit and loss statement.
  • Boat and RV loans only:
    • For purchases made through a dealer, please provide an original purchase order.
    • For purchases made through a private party sale, please provide a bill of sale, vehicle ID number, license plate number, and seller's name and address.