At Northwest, we understand that not everyone fits in the same box. 

That’s why we’ve developed a number of special loan programs to meet the needs of certain groups.

First Time Homebuyers, Heroes and Affordable Home Program

 

A unique loan program created to meet the needs of first time homebuyers, heroes or borrowers who meet certain income restrictions. This is our Hometown suite of products, designed specifically for the communities we serve!

  • Low, fixed-rate options available

  • As little as 3% required for down payment

  • Private mortgage insurance (PMI) required with less than 10% down payment

    • Can be dropped when your loan balance is 80% of the original value of your home

    • No upfront mortgage insurance premium (MIP)

  • Purchase and refinance options available

  • Loan amounts available up to $484,350

  • Heroes— active military, reservists, honorably discharged veterans and first responders

*If applying online, please select the Hometown loan product when prompted in your application.

Physician’s Loan Program

 

We want to take care of the people who help take care of us. To say thanks, we’ve created a loan program available to physicians and residents with certain medical designations.

  • Designed for MD, DO, DDS, DMD or DPM designations

  • Fixed-rate and adjustable-rate mortgages available

  • Down payment requirements as low as 0%

  • Private mortgage insurance (PMI) not required, regardless of down payment

  • Purchase and refinance options available

  • Loan amounts available up to $1,000,000.00