Home Loans at Northwest Community Credit Union

Open new doors.

From mortgages to home equity lending, our team is here to help get you settled and make your house into a home.

Already have a mortgage?
Access your existing mortgage

Thinking about upgrading parts of your home?

Buy or Refinance a Home

Ready to buy or refinance a home? We can find the right loan option for you by assessing your lifestyle, finances, and home goals.

First-Time Homebuyer Program

We know that buying a home for the first time is a daunting process, which is why we’ve created a special First-Time Homebuyer Program to help you through it!

Loan Type	Benefits
Our first-time homebuyer program loan offers a fixed rate, so you'll have the same interest rate for life.	No money down, 100% financing No income limitations No private mortgage insurance required Reduced loan origination fee Local lending

Apply for a First-Time Homebuyer Loan

Fixed Rate Home Loans

This is the most popular type of home loan because it is easier to budget.

Loan Type	Benefits
Fixed rate home loans have the same interest rate for the life of the loan. Generally, the shorter the term, the lower the rate.	Protection from rising interest rates Predictable monthly payments means it's easy to budget Low, affordable interest rates Multiple terms available No initial loan application fees

Jumbo Mortgage Loans

Looking for a luxury or high-end home? Or a house in a high-demand area?

Loan Type	Benefits
Fixed and variable rate options available for loan amounts above the conforming limit of to $766,550.	Competitive interest rates Purchase and refinance options available Loan amounts up to $2 million

Apply for a Jumbo Mortgage Loan

FHA Home Loans

The Federal Housing Administration backs qualified loans provided by Northwest Community to promote home ownership to those with limited savings.

Loan Type	Benefits
This loan is good for those who are looking to buy their first home but don’t have a 10% down payment.	Low down payment requirement Flexible credit requirements for those working on improving their credit Gifted down payment funds from family are eligible

VA Home Loans

The Department of Veteran Affairs backs mortgages provided by Northwest Community to qualified military members.

Loan Type	Benefits
A mortgage loan for qualified military members.	No down payment required No monthly mortgage insurance premium Flexible credit requirements for those working on improving their credit Available to qualified Veterans who are looking to purchase or refinance

ITIN Home Loans

Loan Type	Benefits
A mortgage loan for members with ITINs.	Helps build credit Become a homeowner without needing a social security number.

Improve Your Home

Get easy access to home equity with the convenience of a card and the perks of rewards.

Apply for a Home Equity Visa Now

Home Equity Rewards Visa - 1st Variable***

Great for members who don't have an existing first mortgage. Earn points for purchases and balance transfers. Redeem Points for merchandise, gift cards, travel services or cash. Plus, choose your card design.

Purchase & Cash Advance Rate	Minimum monthly payment	Features	Rewards
As low as 8.50% APR*	1% of balance or $125, whichever is greater	Up to 100% combined Loan-To-Value Appraisal may be required 10-year draw period Easy access with Visa card Option to Fix rate on balances over $5,000 Potential tax benefits**	1 Rewards Point for every $1 purchase Opening bonus and opportunities for bonus points

Home Equity Rewards Visa - 2nd Variable***

Great option for members who have an existing first mortgage. Earn points for purchases and balance transfers. Redeem Points for merchandise, gift cards, travel services or cash. Plus, choose your card design.

Purchase & Cash Advance Rate	Minimum monthly payment	Features	Rewards
As low as 9.00% APR*	1% of balance or $125, whichever is greater	Up to 100% Combined Loan-To-Value Appraisal may be required 10-year draw period Easy access with Visa card Option to Fix rate on balances over $5,000 Potential tax benefits**	1 Rewards Point for every $1 purchase Opening bonus and options for bonus points

*APR is Annual Percentage Rate. Rates are based on your credit score, are subject to change without notice, and may vary after account is opened. Membership and credit qualifications may also apply. The annual percentage rate is based on the value of an index. The index which is the Western Edition Wall Street Journal Prime Rate. The annual percentage rate can change quarterly on the 11th day of January, April, July and October.

**Talk to a tax professional about potential tax benefits.

***To open your account, you must pay certain fees to third parties such as appraisers, credit reporting firms, and government agencies. These fees generally total between $379.00 - $513.00. Upon request, we will provide you with an itemization of the fees you will have to pay to third parties.

Home Equity Disclosures

Service Fees and Charges

Use Your Home's Equity

Home equity loans can help you make home improvements, consolidate debt, and more.

Apply for a Home Equity Loan

Home Equity Line of Credit (HELOC)*

Our variable-rate home equity lines of credit allow you to borrow money, pay it back, and borrow again during the 10-year draw period. Our HELOCs provide flexible and convenient ongoing access to the equity in your home.

HELOC Features
10-year draw period Ideal for home improvement projects, debt consolidation, or tuition expenses Only pay interest on the HELOC portion that you use Fixed rate lock options available Loans available up to $250,000 Variable rates as low as 8.50% APR** Available in a Rewards credit card: earn points on every purchase!

*To open your account, you may need to pay for an appraisal. The fee for an appraisal is generally $695, but may range up to $950 in certain situations. Northwest Community Credit Union generally covers all other third party costs associated with originating home equity loans.

**APR is Annual Percentage Rate. Membership and credit qualifications apply.

Home Equity Disclosures

Apply for a Home Equity Loan

Special Mortgage Rate Offer!

Save 0.50% off interest for qualifying mortgage loans. Offer ends September 30, 2024.

Learn More

Personal Checking Monthly Fees
Northwest Checking	Free
Northwest Secure Checking	$4.00
Essential Checking (with eStatements)	$8.00
Essential Checking (if not signed up for eStatements)	$9.00

Related Checking Fees (personal or business)
Stop payment, per item, per range or sequence	$28.00
Paid or returned overdraft (NSF) fee, per item (check, ACH, or Bill Pay)	$28.00
Overdraft transfer fee, per occurrence	$3.00

Automated Teller Machines (ATM)*
Withdrawal/inquiry at non-CO-OP network ATM	$1.50
New card issuance and anniversary date thereafter	$10.00

Credit/Debit Cards
Copies of charge slips (per transaction)	$10.00
Replace card	$5.00
Emergency card issuance	$50.00

Wire Transfers
Direct wire transfers inside the USA	$25.00
Direct wire transfers outside the USA	$55.00

Home Loans

Open new doors.

Thinking about upgrading parts of your home?

Buy or Refinance a Home

First-Time Homebuyer Program

Apply for a First-Time Homebuyer Loan

Fixed Rate Home Loans

Apply for a Home Loan

Jumbo Mortgage Loans

Apply for a Jumbo Mortgage Loan

FHA Home Loans

VA Home Loans

Apply for a VA or FHA Loan

ITIN Home Loans

Apply for an ITIN Home Loan

Improve Your Home

Apply for a Home Equity Visa Now

Home Equity Rewards Visa - 1st Variable***

Home Equity Rewards Visa - 2nd Variable***

Use Your Home's Equity

Apply for a Home Equity Loan

Home Equity Line of Credit (HELOC)*

Apply for a Home Equity Loan

Special Mortgage Rate Offer!

Save 0.50% off interest for qualifying mortgage loans. Offer ends September 30, 2024.

Get Help with Homebuying through BALANCE

Here's the Difference Between Home Equity and Refinance Loans

What is a Mortgage?

Miscellaneous
Membership fee	$10.00
Paper State service charge	$2.00/each
Closing checking or savings within 180 days of opening account	$15.00
Inactive checking (no activity has occurred on a checking account for 90 days with a balance of less than $1,000)	$5.00 per month
Dormant account fee (no activity on any of your accounts for more than one year)	$5.00 per month
Single service fee (member only has savings account with less than $100 and is age 19 or older)	$5.00 per month
Undeliverable or incorrect statement address	$5.00
Foreign item fee	$25.00
Garnishment processing fee (per item)	$50.00
Research, copies, or account reconciliation, per half hour ($5 minimum)	$15.00
Returned checks on another person's account at another institution	$10.00
Returned checks on your account at another institution	$25.00
Phone loan payment using non-NWCU card	$10.00
Expedited title fee	$15.00
Cashier's checks (first check per day is free)	$2.00 per check
Declaration of loss (cashier's check)	$25.00
Check cashing (member only has savings account with less than $100 and is age 19 or older)	10% of check or $10 maximum
Skip payment request (via eBanking)	$30.00
Skip payment request (via branch)	$40.00