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Benefit from the equity in your home!

Home equity loans and home equity lines of credit (HELOC) can be used for home improvements, major purchases and debt consolidation.

SAVE $500 on Home Equity Closing Costs

Turn to Northwest for a home equity loan or home equity line of credit (HELOC) and we'll pay up to $500 toward your closing costs!2 Use your funds to make home improvements, pay for large expenses, and more.

Apply Today

Decide which option is best for you

Since an equity loan or HELOC uses your home as collateral, the interest rate is generally lower than other types of loans—saving you money. Plus, the interest may be tax deductible. Consult your tax advisor for details.

Home Equity Loan3 Home Equity Line of Credit (HELOC)3
Fixed rate Variable rate
Available on primary residence, second homes Available on primary residence, second homes
Apply once for a specific amount Apply once, draw funds as needed
Primary residence and second home properties:
$350,000 maximum loan amount (up to 80% CLTV)1
$250,000 maximum loan amount (up to 90% CLTV)1
$100,000 maximum loan amount (up to 100% CLTV)1,4		 Primary residence and second home properties:
$350,000 maximum loan amount (up to 80% CLTV)1
$250,000 maximum loan amount (up to 90% CLTV)1
$100,000 maximum loan amount (up to 100% CLTV)1,4
We’ll pay up to $500 toward closing costs2 We’ll pay up to $500 toward closing costs2
Earn up to 10,000 points on your Now Plus Rewards Visa® Earn up to 2,500 points on your NOW Plus Rewards Visa®

Tap into your home's equity. Apply today.

Mortgage Center

Home equity loans and HELOCs not available in Texas.

1 Minimum credit score for all home equity loans and HELOCs is 620.

2 Northwest Federal will pay a $500 maximum closing cost credit towards Northwest Federal home equity loan and home equity line of credit (HELOC) secured by a primary residence or a second home. Credit may not exceed the actual costs and cannot be used to pay for the real estate appraisal (if one is required) and/or interim interest. This promotion cannot be combined with other offers and is subject to change without notice.

3 All Northwest Federal home equity loan and HELOC refinances within the first 6 months after disbursement are ineligible for the closing cost credit promotion.

4 100% Home Equity Loan and HELOC is available only in Virginia, Maryland, and Washington DC. Available on primary residence only with maximum loan amount of $100,000, depending on credit score.

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