Mortgage Loans

When you're ready to buy a home, we can help you save time and money every step of the way with low rates, Cash Rewards*, no down payment options, and personal service.

Unrolling carpet in a new home
No origination fee

Save $750 on your home loan

No origination fee for a limited time

Whether you plan to purchase a new home or refinance the home you're in, we can help you save money. Apply now for your Northwest mortgage and close by December 31 to SAVE with no origination fee.1

We can also help you:

  • Find a trusted real estate agent
  • Choose the right mortgage option for you. 
  • Enjoy faster turn-around time with our Platinum Pre-Approval
  • Benefit from market rate changes with our free float down,2 letting you re-lock to a lower rate one-time at no cost to you.
  • Earn Cash Rewards3 when you buy a home with an approved HomeAdvantage® agent, saving you thousands.
  • Earn up to 10,000 bonus points on your REWARDS Visa credit card4 with a Northwest Federal mortgage. 
  • Enjoy excellent service every step of the way with our Timely Closing Guarantee.5
Home with blue door

Platinum Pre-Approval

Planning to a buy a new home in the upcoming months? Apply for our new Platinum Pre-Approval that provides qualified borrowers these benefits:

  • Faster turn-around time. Once approved by an underwriter, the pre-approval letter is sent within one business day.  
  • More substantiated financing offer. Since the borrower’s income, assets and overall credit profile have been pre-approved by one of our mortgage underwriters (subject to finding a suitable property) our Platinum Pre-Approval is more substantiated than a standard pre-approval or a pre-qualification letter.
  • Advantage over the competition. Sellers will realize you are a qualified borrower—helping you stand out from other competing home buyers.

Get a head start on your home buying process by getting Platinum Pre-Approved. Make an appointment to meet with a mortgage lending representative to get started.

Limited time offer available only for new applications on first mortgage loans received beginning 8/1/23 and closed by 12/31/23. Offer is available for owner-occupied properties only. Offer is not valid on second homes, investment properties, land loans or equity loans.  

2 Mortgage applicants can request a one-time only free rate float down on first mortgage applications received by 12/31/23. Subsequent break locks will result in the standard $500 fee. Speak with a mortgage lending representative for details. 

HomeAdvantage is available to you through your membership with Northwest Federal Credit Union. Cash Rewards are available to members who register to use HomeAdvantage and who use a real estate agent in the HomeAdvantage network to buy or sell their home. Using Northwest Federal Credit Union for a mortgage is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commissions paid to the agent. Northwest Federal Credit Union may have specific rules on how your Cash Rewards will be paid out. Cash Rewards are void where prohibited by law or the lender. Please consult with your credit union to get details that may affect you.

Bonus points will be added to your NOW REWARDS account upon obtaining a qualifying Northwest Federal mortgage. Some restrictions apply. Not valid on refinance of an existing Northwest Federal loan. Must be NOW REWARDS cardholder prior to closing on mortgage to receive bonus points. Offer valid as of 8/1/23 and subject to change. 

Timely Closing Guarantee applies to all purchase money applications for a limited time only. Closing date must be at least thirty (30) days from the date NWFCU receives the completed application and a copy of a fully executed contract to purchase. If closing delay is due to circumstances under the control of NWFCU a lender credit of $500 will be applied towards closings costs not to exceed actual costs. Cash back to borrowers is not allowed. Closings delayed due to processing delays associated with third party approvals, service providers or applicant time delays in providing prompt and complete information and documents as requested are not covered by guarantee. Standard qualifications apply. All loans are subject to final credit approval.

NMLS #411458

Ready to buy a home? Meet with us.
Real Estate Center

Ready to buy a home? Northwest Federal is here to help. From finding the home of your dreams to financing it, we want to make every step in your home buying journey as easy and affordable as possible. We can help you:

Get pre-approved

Before you start serious house hunting, find out how much house you can afford with a free pre-approval. Apply today. After approval calculate your mortgage payment using our Virginia Mortgage CalculatorWashington DC Mortgage CalculatorNorth Carolina Mortgage Calculator or Florida Mortgage Calculator depending on your location.

Select an agent

Need help selecting a real estate agent? The HomeAdvantage® program has experienced agents to help you buy or sell. Learn more and enroll today in this free service.

Search for a house

Find your next home by searching current MLS listings made available through HomeAdvantage®. Then, save your favorite searches and get email alerts when new properties come up. Start searching today.

Learn about our mortgage options

Meet with one of our mortgage lending representatives (in-person or by phone) who will help you decide which mortgage option works best for you. Take advantage of our free seminars and webinars on home buying. 

Earn Cash Rewards*

Buy or sell a home with a HomeAdvantage® agent and get a rebate at closing - you could save thousands! Estimate your cash reward.

See What You Could Earn in Cash Rewards**

   $200,000     $1,200
   $300,000     $1,800
   $400,000     $2,400
   $500,000     $3,000
   $600,000     $3,600
   $700,000     $4,200
   $800,000     $4,800
   $900,000     $5,400
  $1,000,000     $6,000

HomeAdvantage is available to you through your membership with Northwest Federal Credit Union. Cash Rewards are available to members who register to use HomeAdvantage and who use a real estate agent in the HomeAdvantage network to buy or sell their home. Using Northwest Federal Credit Union for a mortgage is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commissions paid to the agent. Northwest Federal Credit Union may have specific rules on how your Cash Rewards will be paid out. Cash Rewards are void where prohibited by law or the lender. Please consult with your credit union to get details that may affect you.

**Examples of Cash Rewards shown here are based on 3% commission rate; your agent's commission rate may differ.

Request a home insurance quote

NW Insurance Agency1 can help you find the best rates for your home insurance coverage. Request a quote.

Get ready to close on your new home

Northwest Title & Escrow2 handles all aspects of real estate transactions, including title insurance, real estate closing and settlement and escrow services for real estate transactions in Virginia, Maryland and the District of Columbia. Learn more.

1 Insurance products and services are offered through NW Insurance Agency, a subsidiary of NW Capital Management  (a wholly owned subsidiary of Northwest Federal Credit Union). At this time NWIA, together with its network of licensed insurance associates, provides auto and home insurance to residents in all but the following states: AL, AK, IA, MS, NB, ND, SD, WY. Coverage and discounts are subject to individual qualifications, state availability and the insuring company’s underwriting guidelines. Insurance is not underwritten, issued or guaranteed by NCUA or any other federal government agency.

Northwest Title & Escrow is a subsidiary of NW Capital Management

NMLS #411458

Northwest Federal is making homeownership more affordable than ever with these mortgage options:

100% Financing1

Qualified borrowers can purchase a home with no money down! Our 100% Financing option is available on primary residence properties (single-family, townhome, condominium) on loan amounts up to $726,200. This mortgage option also features a fixed-rate term—your rate will never increase for the length of the loan. 

Homebuyer’s Edge2

Well qualified borrowers will benefit from this 100% financing option in which Northwest Federal pays the private mortgage insurance (PMI) on the borrower’s behalf.

With Homebuyer’s Edge, you’ll:

  • Save on out-of-pocket costs since no down payment is required
  • Save on monthly payments with Lender paid Private Mortgage Insurance
  • Enjoy peace of mind with a fixed-rate loan that will never increase for the length of the term

Homebuyer’s Edge mortgage option is available on primary residence properties (single-family, townhome, condominium) on loan amounts up to $726,200.

3% Down1

Our 3% Down financing option is available for first-time home buyers (and repeat buyers) purchasing a primary residence (single family, townhome or condominium). It's a great solution for buyers who want less out-of-pocket expense when purchasing a home—the down payment amount can even be a gift from mom and dad. 

Programs available to assist with funds for down payment and closing costs

Learn more about these programs designed for low and moderate income level first-time homebuyers and public service workers.


1 Not all borrowers will qualify; credit qualifications apply.
2 Not all borrowers will qualify for Homebuyer's Edge, credit qualifications apply. Private Mortgage Insurance (PMI) is required to be paid by the lender.

When it comes to buying a home, we have a variety of mortgage options and we’ll work with you to see which one fits you best:

Fixed-rate mortgage

Get peace of mind knowing your interest rate will never increase for the term of your loans. We have no and low down payment purchase options available, including the 100% Homebuyer’s Edge.

Adjustable rate mortgage

Enjoy generally lower monthly payments than a fixed-rate loan and increase the amount of home you can afford with our Adjustable Rate Mortgages (ARMs). The lower introductory interest rate will periodically adjust with changing market rates, depending upon the type of ARM you choose.

High-Balance Loans

Buy or refinance in high-cost areas with High-Balance loans limits between $726,200 - $1,089,300 (maximum loan amount is determined by the county where the property is located and the number of units being purchased). Limit for contiguous states only.

Jumbo Loans

In the market for a mortgage on a high-end home, turn to Northwest Federal for adjustable-rate Jumbo Loans up to a maximum loan amount of $2 million.

Investment Property Home Loans

Northwest Federal offers mortgage loans up to $726,200 for the purchase or refinance of a rental property.

Second Home Mortgage Loans

Northwest Federal also offers mortgage loans up to $2 million for the purchase or refinance of a second home.

VA Loans

An affordable way for active duty service members, veterans, and eligible surviving spouses to purchase, refinance, or improve their existing home. Money-saving benefits include:  no down payment, fixed-rate terms and no Private Mortgage Insurance. A Certificate of Eligibility (COE) for the program is required.

HomeReady™ Affordable Mortgage

This fixed-rate mortgage option features expanded eligibility for the diverse needs of today’s buyers and has several borrower benefits when compared to a FHA Loan, including: 3% down payment (gift funds allowed), reduced mortgage insurance coverage requirements, and flexible sources of income to meet eligibility requirements. Income restrictions apply and not all borrowers will qualify. To see if you qualify, apply online today. HomeReady™ Mortgage applicants must take an online home ownership class and present completion certificate to lender upon closing. Register now for the online course provided by Framework.

Reverse Mortgages

We’ve partnered with Credit Union Mortgage Association to offer reverse mortgages* for home-owning members age 62 and older. If you’re interested in converting your home’s equity into cash or a line of credit with a reverse mortgage, send a secure email to our lending professionals to learn if this option is available in your area.

*Available in VA, MD, DC, WV, FL, GA, NC, SC, PA, TN, IL and OH

 HomeReady™ is a trademark of Fannie Mae. 

Home Equity Loans and Lines of Credit

Home equity loans and home equity lines of credit (HELOC) can be used for home improvements, major purchases and debt consolidation. 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*.  Compare the features, check rates and apply today.

*Consult your tax advisor for details. 

Let Northwest Federal help you build your new home!

When it comes to planning and building your new home, you’re busy enough without having to worry about your financing. Our Single Close Construction Loan* simplifies the loan process and saves you time and money.

When you use Northwest Federal to finance your new home construction, you’ll:

  • Get a free pre-approval
  • Apply, close, and pay closing costs just once
  • Save on out-of-pocket costs with only 20% down payment required
  • Enjoy interest-only payments during construction
  • Have no pre-payment penalty to worry about should you pay your loan off ahead of schedule

To apply for new construction financing, you’ll need:

  • A signed contract with a contractor or builder
  • Plans, specifications and cost breakdown
  • Your personal information, including the source of funds for your down payment and proof of income

Contact us today to begin your Construction Loan application:

In Maryland / Virginia / DC, call Wendy Leewe: 703-709-8900 x4740 or Sharon Epperson: 703-709-8900 x4721.

In all other states*, call Kim Evans: 919-500-6272 or Robert Santos: 407-457-0851. 



*Construction Loans are not available in Hawaii or Texas. 

Home Loan FAQs: