Convert your home equity into cash to consolidate high-interest debt.
Find the Loan That’s Right for You
At Northwest Bank, we offer a wide variety of competitive home loans designed to meet your unique needs. Whether you’re buying a new home, refinancing your current home, or need to access your home’s equity, we have you covered. Our home loan experts are ready to help you.
Mortgage Loans: Lending Made Simple
Finding the perfect home should be the hard part of your home buying experience. We believe securing a home loan should be easy. Northwest offers a variety of loans to address your unique needs and financial qualifications. Find the right mortgage fit for you in the chart below.
Find a mortgage loan officer near you
Conventional
Perfect if you're looking to buy a single-family home, owner-occupied primary residence, second home, or investment property.
The Basics
- No income restrictions
- 620 minimum credit score
- Borrow up to $766,550
- Purchase or refinance
Rate Information
- Check rates
- For more rate information, contact your local office, or call 1-888-884-4626.
- Fixed rates available.
Fees and Down Payments
- Our standard low fees.
- Down payment as little as 5%, based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- Private mortgage insurance required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
- No upfront mortgage insurance premium.
Northwest Plus
This program is tailored to customers who may not qualify for a conventional loan, but are otherwise creditworthy. Whether it’s a unique property, excessive acreage, or challenges with documentation, our Home Loan experts are available to help you accomplish your goals.
The Basics
- 640 minimum credit score
- Purchase and refinance options available
Rate Information
- Fixed-rate mortgages available.
- For more rate information, contact your local office, or call 1-888-884-4626.
- Our standard low fees.
- Down payment as little as 10%, based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- Private mortgage insurance required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
- No upfront mortgage insurance premium.
Jumbo Mortgage
Thinking big? So are we. Let us handle the heavy lifting for luxury home loans.
The Basics
- No income restrictions
- 680 minimum credit score
- Purchase or refinance
Rate Information
- Fixed-rate available.
- 15, 20, and 30 year fixed terms available. Competitive interest rates. For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- Our standard low fees.
- Down payment as little as 10% based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- Private mortgage insurance may be required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
- No upfront mortgage insurance premium.
Construction Loan
Looking to build the home of your dreams or renovate your current home? We've designed one of the most respected construction loans in the market to accommodate the needs of both you and your builder.
The Basics
- No income restrictions
- 640 minimum credit score
- Purchase or refinance
Rate Information
- Fixed-rate options available after the construction period
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- Our standard low fees.
- Down payment as little as 5% based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- Private mortgage insurance required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
USDA
The United States Department of Agriculture (USDA) offers home loans for borrowers living in rural areas.
The Basics
- Available with credit score as low as 640
- Seller contributions of up to 6% permitted
- Property must be located in an eligible area
- Must meet certain income restrictions
Rate Information
- 30-year fixed-rate option available.
Fees and Down Payments
- No down payments required.
- Ability to finance the up front USDA Guarantee fee, reducing your closing costs.
Private Mortgage Insurance (PMI)
- An up front USDA Guarentee Fee, plus an annual fee are required. The up front fee can be financed into the loan.
VA
We want to thank our veterans for their service. The Veterans Administration (VA) has created a loan program which offers 100% financing, flexible credit requirements, and no income restrictions.
The Basics
- Available with credit score as low as 640
- Purchase or refinance.
- Seller contributions up to 4% permitted.
Rate Information
- Fixed-rate loans available.
Fees and Down Payments
- Ability to finance the up front VA funding fee reducing your closing costs.
- No down payment required.
Private Mortgage Insurance (PMI)
No private mortgage insurance required, reducing your monthly payments.
FHA
With an FHA loan, you can secure a home with as little as 3.5% down. The Federal Housing Administration helps make homeownership a reality with flexible down payment options and no income restrictions.
The Basics
- No income restrictions
- Purchase or refinance options
- Owner-occupied, 1-4 family residences eligible
- Borrow up to $498,257
Rate Information
- Fixed-rate loans available.
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- Down payment as little as 3.5%
- Up to 100% of your down payment can come from gift funds
- Can use up to 6% seller’s assist to help with closing costs
Private Mortgage Insurance (PMI)
- While PMI isn’t required, FHA loans do require both an upfront and annual Mortgage Insurance Premium. The annual premium is part of your monthly payment. For additional information, contact your local office or call 1-888-884-4626.
Physician
We want to take care of the people who help take care of us. To say thanks, we’ve created a loan program available to physicians and residents with certain medical designations.
The Basics
- Practicing physicians and residents with any of the following designations are eligible for this loan program: MD, DO, OD, DDS, DMD, or DPM.
- Purchase or refinance.
Rate Information
- Fixed-rate loans available.
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- Our standard low fees.
- Down payment as little as 0% based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- The normal PMI requirement on mortgages is waived through this program.
Hometown Affordable and Hometown Neighborhood
We have loan programs designed for first time homebuyers and those who have limited funds for a down payment.
The Basics
- First Time Homebuyer and Affordable Home Loan Programs
- Purchase and refinance options available
Rate Information
- Fixed-rate options available
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- As little as 3% required for down payment.
Private Mortgage Insurance (PMI)
- Private mortgage insurance required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
- No upfront mortgage insurance premium.
Home Possible®
You now have more options than ever when it comes to finding the right loan for your home. Through a partnership with Freddie Mac, Northwest offers the Home Possible® loan program, featuring low down payment options, as low as 3%, and fixed-rate options with terms up to 30 years.
- Low down payment options – as low as 3%
- Income cannot exceed 80% of the area median income limits, based on property location
- Homeownership education is required for at least one qualifying borrower, if all borrowers are first-time homebuyers
- Purchase or refinance options
- 30 year, fixed-rate term.
- For more rate information, contact your local office, or call 1-888-884-4626.
- Financing up to 105%, in partnership with First Front Door program or other qualifying affordable second lien programs
- No upfront funding fee
- Origination fee is waived
- Offers more competitive pricing with a credit-fee cap
- Reduced mortgage insurance premiums are available.
Heroes Loan Program
We have loan programs designed for the heroes within our communities like active military members, veterans, police officers, fire fighters, and EMTs.
The Basics
- Heroes Loan Program
- Purchase and refinance options available.
Rate Information
- Low, fixed-rate options available.
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- As little as 3% required for down payment.
Private Mortgage Insurance (PMI)
- Private mortgage insurance (PMI) required with less than 10% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
- No upfront mortgage insurance premium (MIP).
HomeOne®
Through a partnership with Freddie Mac, Northwest offers the HomeOne® loan program, featuring low down payments on purchases and high loan-to-value refinance options.
The Basics
- No maximum income limits.
- Financing up to 97% loan-to-value.
- Purchase or no-cash out refinance options.
- Borrow up to $766,550.
- Eligible for one-unit primary residences.
- At least one borrower must be a qualifying first-time homebuyer (purchase transactions).
- Homeownership education is required for at least one qualifying borrower, if all borrowers are first-time homebuyers.
Rate Information
- 20 and 30 year, fixed-rate terms available.
- For more rate information, contact your local offices or call 1-888-884-4626.
Fees and Down payments
- Low down payment options – as low as 3%.
- Escrow required.
Private Mortgage Insurance (PMI)
- Upfront or monthly mortgage insurance options available.
- Private mortgage insurance required with less than 20% down payment.
- Monthly mortgage insurance can be dropped when your loan balance reaches 80% of the original value of your home.
HomeReady®
In partnership with Fannie Mae®, Northwest offers HomeReady®. This is an affordable, low down payment mortgage program designed for creditworthy low-income borrowers.
The Basics
- Flexible sources of funding for down payment and closing costs – with no minimum contribution from borrower’s own funds.
- More competitive pricing with a credit-fee cap
- Reduced mortgage insurance rates and premiums, compared to conventional mortgages
- Borrower’s income cannot exceed 80% of the area median income limits, based on property’s location
- Available for first-time or repeat homebuyers
- Homeownership education is required for first-time homebuyers
Rate Information
- Up to 30-year, fixed rate terms – meaning consistent monthly payments
- For more rate information, contact your local offices or call 1-888-884-4626.
Fees and Down payments
- Low down payment options for home purchase or refinance transactions – as low as 3% for purchase transactions.
- Origination fee is waived and no upfront funding fee – making upfront costs lower for borrowers
Private Mortgage Insurance (PMI)
- PMI can be canceled after borrowers’ equity reaches 20% of the home’s appraised value
Conventional
Perfect if you're looking to buy a single-family home, owner-occupied primary residence, second home, or investment property.
The Basics
- No income restrictions
- 620 minimum credit score
- Borrow up to $766,550
- Purchase or refinance
Rate Information
- Check rates
- For more rate information, contact your local office, or call 1-888-884-4626.
- Fixed rates available.
Fees and Down Payments
- Our standard low fees.
- Down payment as little as 5%, based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- Private mortgage insurance required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
- No upfront mortgage insurance premium.
Northwest Plus
This program is tailored to customers who may not qualify for a conventional loan, but are otherwise creditworthy. Whether it’s a unique property, excessive acreage, or challenges with documentation, our Home Loan experts are available to help you accomplish your goals.
The Basics
- 640 minimum credit score
- Purchase and refinance options available
Rate Information
- Fixed-rate mortgages available.
- For more rate information, contact your local office, or call 1-888-884-4626.
- Our standard low fees.
- Down payment as little as 10%, based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- Private mortgage insurance required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
- No upfront mortgage insurance premium.
Jumbo Mortgage
Thinking big? So are we. Let us handle the heavy lifting for luxury home loans.
The Basics
- No income restrictions
- 680 minimum credit score
- Purchase or refinance
Rate Information
- Fixed-rate available.
- 15, 20, and 30 year fixed terms available. Competitive interest rates. For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- Our standard low fees.
- Down payment as little as 10% based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- Private mortgage insurance may be required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
- No upfront mortgage insurance premium.
Construction Loan
Looking to build the home of your dreams or renovate your current home? We've designed one of the most respected construction loans in the market to accommodate the needs of both you and your builder.
The Basics
- No income restrictions
- 640 minimum credit score
- Purchase or refinance
Rate Information
- Fixed-rate options available after the construction period
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- Our standard low fees.
- Down payment as little as 5% based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- Private mortgage insurance required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
USDA
The United States Department of Agriculture (USDA) offers home loans for borrowers living in rural areas.
The Basics
- Available with credit score as low as 640
- Seller contributions of up to 6% permitted
- Property must be located in an eligible area
- Must meet certain income restrictions
Rate Information
- 30-year fixed-rate option available.
Fees and Down Payments
- No down payments required.
- Ability to finance the up front USDA Guarantee fee, reducing your closing costs.
Private Mortgage Insurance (PMI)
- An up front USDA Guarentee Fee, plus an annual fee are required. The up front fee can be financed into the loan.
VA
We want to thank our veterans for their service. The Veterans Administration (VA) has created a loan program which offers 100% financing, flexible credit requirements, and no income restrictions.
The Basics
- Available with credit score as low as 640
- Purchase or refinance.
- Seller contributions up to 4% permitted.
Rate Information
- Fixed-rate loans available.
Fees and Down Payments
- Ability to finance the up front VA funding fee reducing your closing costs.
- No down payment required.
Private Mortgage Insurance (PMI)
No private mortgage insurance required, reducing your monthly payments.
FHA
With an FHA loan, you can secure a home with as little as 3.5% down. The Federal Housing Administration helps make homeownership a reality with flexible down payment options and no income restrictions.
The Basics
- No income restrictions
- Purchase or refinance options
- Owner-occupied, 1-4 family residences eligible
- Borrow up to $498,257
Rate Information
- Fixed-rate loans available.
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- Down payment as little as 3.5%
- Up to 100% of your down payment can come from gift funds
- Can use up to 6% seller’s assist to help with closing costs
Private Mortgage Insurance (PMI)
- While PMI isn’t required, FHA loans do require both an upfront and annual Mortgage Insurance Premium. The annual premium is part of your monthly payment. For additional information, contact your local office or call 1-888-884-4626.
Physician
We want to take care of the people who help take care of us. To say thanks, we’ve created a loan program available to physicians and residents with certain medical designations.
The Basics
- Practicing physicians and residents with any of the following designations are eligible for this loan program: MD, DO, OD, DDS, DMD, or DPM.
- Purchase or refinance.
Rate Information
- Fixed-rate loans available.
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- Our standard low fees.
- Down payment as little as 0% based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- The normal PMI requirement on mortgages is waived through this program.
Hometown Affordable and Hometown Neighborhood
We have loan programs designed for first time homebuyers and those who have limited funds for a down payment.
The Basics
- First Time Homebuyer and Affordable Home Loan Programs
- Purchase and refinance options available
Rate Information
- Fixed-rate options available
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- As little as 3% required for down payment.
Private Mortgage Insurance (PMI)
- Private mortgage insurance required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
- No upfront mortgage insurance premium.
Home Possible®
You now have more options than ever when it comes to finding the right loan for your home. Through a partnership with Freddie Mac, Northwest offers the Home Possible® loan program, featuring low down payment options, as low as 3%, and fixed-rate options with terms up to 30 years.
- Low down payment options – as low as 3%
- Income cannot exceed 80% of the area median income limits, based on property location
- Homeownership education is required for at least one qualifying borrower, if all borrowers are first-time homebuyers
- Purchase or refinance options
- 30 year, fixed-rate term.
- For more rate information, contact your local office, or call 1-888-884-4626.
- Financing up to 105%, in partnership with First Front Door program or other qualifying affordable second lien programs
- No upfront funding fee
- Origination fee is waived
- Offers more competitive pricing with a credit-fee cap
- Reduced mortgage insurance premiums are available.
Heroes Loan Program
We have loan programs designed for the heroes within our communities like active military members, veterans, police officers, fire fighters, and EMTs.
The Basics
- Heroes Loan Program
- Purchase and refinance options available.
Rate Information
- Low, fixed-rate options available.
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- As little as 3% required for down payment.
Private Mortgage Insurance (PMI)
- Private mortgage insurance (PMI) required with less than 10% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
- No upfront mortgage insurance premium (MIP).
HomeOne®
Through a partnership with Freddie Mac, Northwest offers the HomeOne® loan program, featuring low down payments on purchases and high loan-to-value refinance options.
The Basics
- No maximum income limits.
- Financing up to 97% loan-to-value.
- Purchase or no-cash out refinance options.
- Borrow up to $766,550.
- Eligible for one-unit primary residences.
- At least one borrower must be a qualifying first-time homebuyer (purchase transactions).
- Homeownership education is required for at least one qualifying borrower, if all borrowers are first-time homebuyers.
Rate Information
- 20 and 30 year, fixed-rate terms available.
- For more rate information, contact your local offices or call 1-888-884-4626.
Fees and Down payments
- Low down payment options – as low as 3%.
- Escrow required.
Private Mortgage Insurance (PMI)
- Upfront or monthly mortgage insurance options available.
- Private mortgage insurance required with less than 20% down payment.
- Monthly mortgage insurance can be dropped when your loan balance reaches 80% of the original value of your home.
HomeReady®
In partnership with Fannie Mae®, Northwest offers HomeReady®. This is an affordable, low down payment mortgage program designed for creditworthy low-income borrowers.
The Basics
- Flexible sources of funding for down payment and closing costs – with no minimum contribution from borrower’s own funds.
- More competitive pricing with a credit-fee cap
- Reduced mortgage insurance rates and premiums, compared to conventional mortgages
- Borrower’s income cannot exceed 80% of the area median income limits, based on property’s location
- Available for first-time or repeat homebuyers
- Homeownership education is required for first-time homebuyers
Rate Information
- Up to 30-year, fixed rate terms – meaning consistent monthly payments
- For more rate information, contact your local offices or call 1-888-884-4626.
Fees and Down payments
- Low down payment options for home purchase or refinance transactions – as low as 3% for purchase transactions.
- Origination fee is waived and no upfront funding fee – making upfront costs lower for borrowers
Private Mortgage Insurance (PMI)
- PMI can be canceled after borrowers’ equity reaches 20% of the home’s appraised value
For example, a $175,000 loan for 30 years at 6.50% interest rate with an associated APR of 6.537% has a fixed monthly principal and interest payment of $1,106.12 for the life of the loan.
This is based on an LTV of 80% with a 770 and above FICO® score. Will finance based on the lesser amount of the purchase price or appraised value. Estimated escrow payments for items such as property taxes/homeowner’s insurance/HOA fees are not included in the monthly principal and interest payment.
Rates subject to change at any time without notice.
First-time Homebuyer and Down Payment Assistance Programs
- Northwest Bank offers a range of programs designed to assist first-time homebuyers with down payment and closing costs.
- Our programs feature competitive interest rates, flexible underwriting guidelines, and optional down payment assistance to make homeownership more attainable.
- Whether you're a first-time homebuyer in need of assistance or looking for affordable loan options, Northwest Bank has a solution for you.
First Front Door Programs
Are you a first-time homebuyer in need of assistance with your down payment and closing costs? Look no further than our First Front Door (FFD) programs, funded by Federal Home Loan Bank (FHLB) Pittsburgh.
First Front Door
Funds for the First Front Door program have been exhausted for 2024.
With FFD, you could be eligible for a grant of up to $15,000 by contributing a minimum of $1,500 towards your down payment and closing costs. Our team will guide you through the qualification process, which includes being a first-time homebuyer, completing homeownership counseling, and maintaining your home for five years. Apply today to see if you qualify!
- Up to $15,000 grant available
- Minimum $1,500 contribution towards down payment and closing costs
- Simple qualification process
First Front Door Keys to Equity
Funds for the Keys to Equity program have been exhausted for 2024
State of New York Mortgage Agency Loan Program
For aspiring homeowners in New York State, our SONYMA Loan Program, in collaboration with the State of New York Mortgage Agency, offers competitive interest rates, flexible underwriting guidelines, and optional down payment assistance of up to $30,000.
- Up to $30,000 down payment assistance
- Competitive interest rates
- Flexible underwriting guidelines
Indiana Housing & Community Development Authority (IHCDA) Loan Program
In partnership with the Indiana Housing and Community Development Authority, Northwest Bank offers competitive interest rate mortgage loans and flexible underwriting guidelines tailored for first-time homebuyers in the State of Indiana.
- Up to 6% down payment assistance
- Competitive interest rates
- Flexible underwriting guidelines
Ohio Housing Finance Agency (OHFA) Loan Program
In partnership with the State of Ohio Housing Finance Agency, Northwest Bank offers competitive interest rate mortgage loans and down payment assistance to first-time homebuyers in Ohio.
- Low 1% origination fee
- Free homebuyer education courses
- Flexible eligibility criteria
First Front Door Programs
Are you a first-time homebuyer in need of assistance with your down payment and closing costs? Look no further than our First Front Door (FFD) programs, funded by Federal Home Loan Bank (FHLB) Pittsburgh.
First Front Door
Funds for the First Front Door program have been exhausted for 2024.
With FFD, you could be eligible for a grant of up to $15,000 by contributing a minimum of $1,500 towards your down payment and closing costs. Our team will guide you through the qualification process, which includes being a first-time homebuyer, completing homeownership counseling, and maintaining your home for five years. Apply today to see if you qualify!
- Up to $15,000 grant available
- Minimum $1,500 contribution towards down payment and closing costs
- Simple qualification process
First Front Door Keys to Equity
Funds for the Keys to Equity program have been exhausted for 2024
State of New York Mortgage Agency Loan Program
For aspiring homeowners in New York State, our SONYMA Loan Program, in collaboration with the State of New York Mortgage Agency, offers competitive interest rates, flexible underwriting guidelines, and optional down payment assistance of up to $30,000.
- Up to $30,000 down payment assistance
- Competitive interest rates
- Flexible underwriting guidelines
Indiana Housing & Community Development Authority (IHCDA) Loan Program
In partnership with the Indiana Housing and Community Development Authority, Northwest Bank offers competitive interest rate mortgage loans and flexible underwriting guidelines tailored for first-time homebuyers in the State of Indiana.
- Up to 6% down payment assistance
- Competitive interest rates
- Flexible underwriting guidelines
Ohio Housing Finance Agency (OHFA) Loan Program
In partnership with the State of Ohio Housing Finance Agency, Northwest Bank offers competitive interest rate mortgage loans and down payment assistance to first-time homebuyers in Ohio.
- Low 1% origination fee
- Free homebuyer education courses
- Flexible eligibility criteria
Get Started Today
Contact us to learn more about our First Time Home Buyer and Down Payment Assistance Programs. Our dedicated mortgage professionals are here to guide you through the process and help you find the program that best suits your needs. Don't let uncertainty hold you back—take the first step towards owning your dream home with Northwest Bank.
Home Equity Loans: Enjoy lower monthly payments and faster debt payoff.
Whether you’re adding a patio, improving energy efficiency, or consolidating debt, home equity loans and lines of credit from Northwest can help you make it happen with low interest, predictable monthly payments and a fast, simple process. Helping you tap into your home’s value is just one way we’re increasing the value of you.
Our home equity solutions offer:
- Affordability: Experience great rates with low fees.
- Convenience: Apply on your time online or in person.
- Flexibility: Close on your terms. We’ll send someone to you, whether it’s at your home or the local coffee shop.
- Predictability: Gain peace of mind with predictable monthly payments.
- Access: Work directly with our mortgage experts who will walk you through every step of the loan process to deliver what you need on time.
Fixed-Term Loan Equity
Now Even More Affordable.
We’ve significantly reduced our rates on fixed-rate Home Equity loans. Whether you’re consolidating debt or reinvesting in your home, our new low rates offer a smart and secure way to finance your future.
• Fixed-rate and term with set monthly payments
• Minimal closing costs, typically ranging from $67 to $650
• Loan amounts available up to $750,000.00
• Qualifying applicants can borrow up to 95% of their home’s value
Home Equity Line of Credit
If you plan on making major purchases or tackling big projects over time, a Northwest home equity line of credit, featuring a competitive variable rate, can be there when you need it.
• Adjustable-rate, with options as low as Prime - 0.50%
• Minimal closing costs
• Loan amounts available up to $750,000.00
• Interest-only payments during initial 10-year draw period
• Ability to lock in all, or a portion, of your balance into a fixed rate and term
Bridge Loan Program
If you’re purchasing or building a new home and would like to use the equity in your current property to help with down payment and closing costs, our Bridge Loan Program could be the perfect option.
• Product features interest-only payments, until balance maturity
• Balance is due in 12 months or upon sale of current property, whichever comes first
• Program available to Northwest customers in conjunction with new purchase mortgage or construction loan
• Customers may consolidate existing debt in addition to cash-out to assist with new purchase mortgage or construction loan
Fixed-Term Loan Equity
Now Even More Affordable.
We’ve significantly reduced our rates on fixed-rate Home Equity loans. Whether you’re consolidating debt or reinvesting in your home, our new low rates offer a smart and secure way to finance your future.
• Fixed-rate and term with set monthly payments
• Minimal closing costs, typically ranging from $67 to $650
• Loan amounts available up to $750,000.00
• Qualifying applicants can borrow up to 95% of their home’s value
Home Equity Line of Credit
If you plan on making major purchases or tackling big projects over time, a Northwest home equity line of credit, featuring a competitive variable rate, can be there when you need it.
• Adjustable-rate, with options as low as Prime - 0.50%
• Minimal closing costs
• Loan amounts available up to $750,000.00
• Interest-only payments during initial 10-year draw period
• Ability to lock in all, or a portion, of your balance into a fixed rate and term
Bridge Loan Program
If you’re purchasing or building a new home and would like to use the equity in your current property to help with down payment and closing costs, our Bridge Loan Program could be the perfect option.
• Product features interest-only payments, until balance maturity
• Balance is due in 12 months or upon sale of current property, whichever comes first
• Program available to Northwest customers in conjunction with new purchase mortgage or construction loan
• Customers may consolidate existing debt in addition to cash-out to assist with new purchase mortgage or construction loan
