Whether you’re planning to build your dream home from the ground up, or you’re purchasing a home in need of major renovations, our construction mortgages can help.

Construction Loan Program

 

If you’re ready to build the home of your dreams, our construction loan experts are here to help you every step of the way. Our program offers a one-time closing, saving you money and allowing you to lock in your rate at the time of application.

  • Fixed rate options available after the construction period
  • Interest-only payments during construction period
  • As little as 5% required for down payment**
  • Loan may include purchase of land in addition to cost of construction
  • Construction loans available up to $1,500,000.00

*By clicking this option, you agree to be redirected to a site powered by EllieMae. Applications require a unique username and password separate from your Northwest Bank login.
**For example a base loan amount of $175,000 at a Fixed Rate 30 yr term at 6.75% interest rate (rates effective 8/12/26), with an associated Annual Percentage Rate (APR) of  7.227% has a fixed monthly payment of $1,135 for the life of the loan (assumes 5% down and a 740 and above FICO score.  Payment does not reflect required taxes, insurance and private mortgage insurance)

Land Loan Program

 

If you’re planning to build in the future and are looking to purchase the land now, this program may be the first step in making your dream home a reality.

  • Land purchases only
  • Fixed-rate and term with set monthly payments for up to 10 years**
  • Financing available up to 80% of the purchase price or appraised value

If you're interested in our land loan program, please contact our Home Loan experts:
Phone: 1-888-884-4626
Email: mortgagelending@northwest.com

**For example a base loan amount of $50,000 at a Fixed Rate 10 yr term at 8.50% interest rate (rates effective 8/12/26), with an associated Annual Percentage Rate (APR) of  8.973% has a fixed monthly payment of $620 for the life of the loan (assumes 20% down and a 740 and above FICO score.  Payment does not reflect required taxes)


 

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 payment, until 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

*By clicking this option, you agree to be redirected to a site powered by EllieMae. Applications require a unique username and password separate from your Northwest Bank login.

Important Information About Procedures for Opening a New Account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.