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.
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Fixed-rate and term with set monthly payments
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Minimal closing costs, typically ranging from $67 to $650
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Loan amounts available up to $750,000.00
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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.
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Adjustable-rate, with options as low as Prime - .50%
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Minimal closing costs, typically ranging from $67 to $650
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Loan amounts available up to $750,000.00
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Interest-only payments during initial 10-year draw period
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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.
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Product features interest-only payments, until balance maturity
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Balance is due in 12-months or upon sale of current property, whichever comes first
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Program available to Northwest customers in conjunction with new purchase mortgage or construction loan
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Customers may consolidate existing debt in addition to cash-out to assist with new purchase mortgage or construction loan
