Whether you're building a new deck, adding a pool or repairing your roof, our home equity loan programs can give you just what you need to make it happen.

Fixed-Term Home Equity

 

With a Northwest home equity loan, tap into the value of your home with minimal closing costs and a speedy process. Whether you're looking to refinance a current loan, consolidate debt or take cash out, a fixed-term home equity loan can help.

  • Fixed-rate and term with set monthly payments

  • Minimal closing costs, typically ranging from $60 to $500

  • Loan amounts available up to $500,000.00

  • 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 - .50%

  • Minimal closing costs, typically ranging from $60 to $500

  • Loan amounts available up to $500,000.00

  • 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