We’ve partnered with the Federal Housing Administration (FHA), United States Department of Agriculture (USDA) and Veteran’s Affairs (VA) to offer mortgages with minimal down payments and competitive rates to qualifying borrowers.

FHA Loan Program

With an FHA Loan, you can secure a home with as little as 3.5% down**. The Federal Housing Administration helps make home ownership a reality with flexible down payment options and no income restrictions.

Fixed rate mortgages available
As little as 3.5% required for down payment
Purchase and refinance options available
Gifts from family permitted to assist with down payment
Flexible credit qualification criteria
Seller contributions of up to 6% permitted

*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 6.25% interest rate (rates effective 8/12/26), with an associated Annual Percentage Rate (APR) of 7.255% (total loan amount of $178,062 with the FHA required Upfront Mortgage Insurance premium of $3,062) has a fixed monthly payment of $1,096 for the life of the loan (assumes 3.5% down and a 740 and above FICO score. Payment does not reflect required taxes, insurance and FHA mortgage insurance)

USDA Rural Development Program

The United States Department of Agriculture (USDA) offers home loans for borrowers living in rural areas. With no down payment required and qualifying credit scores as low as 640, this could be the program to help you find a little space of your own.

Low, fixed-rate options available
No down payment required
Ability to finance the up-front USDA Guarantee Fee, reducing your closing costs
Available with credit scores as low as 640
Seller contributions of up to 3% permitted

VA Loan Program

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.

Fixed-rate mortgages available
No down payment required
Purchase and refinance options available
No mortgage insurance required, reducing your monthly payments
Ability to finance the up-front VA funding fee, reducing your closing costs
Available with credit scores as low as 640
Seller contributions up to 4% permitted

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.