Home Equity Loans

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 $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 minus 0.50%
Minimal closing costs, typically ranging from $67 to $650
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