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

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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
  • 100% financing options available


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


Land-Only Loan

This loan is ideal if you want to purchase land and need additional time to complete your home building plans.

Loan Type
Benefits
Short-term lot loan allows you to purchase your dream property while you prepare to build!

Fixed Interest Rate: 6.250%
Fixed APR: 6.704%*
  • When you're ready to build, you may be able to use existing equity to roll your existing land loan balance into our One-Time Close construction loan.
  • Interest-only payments


One-Time Close Loan

This loan is best if you're looking for construction and mortgage financing in a single loan transaction. 

Loan Type
Benefits
Construction and permanent financing for your personal residence are combined into one loan with one closing.
  • You have the option to lock in your permanent mortgage interest rate as early as the start of construction of your home
  • Interest-only payments during construction
  • 20% equity required
  • Jumbo, Fixed, and Adjustable Rate Mortgages available


Two-Step Loan

This loan is best for people who have specific borrowing needs that may not fit other loan programs.

Loan Type
Benefits
A separate construction loan is granted for the construction phase of your project. Once your home is completed, the construction loan is refinanced via a separate permanent mortgage.
  • Separate financing during construction with 20% equity required
  • Prequalification for permanent financing required
  • Interest-only payments during construction
  • Quick and easy mortgage application process with mortgage experts ready to serve you
  • Jumbo, Fixed, and Adjustable Rate Mortgages available

*Rates shown are Annual Percentage Rates (APR). Land-only loan assumes $150,000 with interest-only payments and a balloon payment due in 36 months. Rates will vary depending on credit condition, term of loan and payment option. All loans are subject to approval. Regular terms and conditions apply. Rates shown are subject to change without notice. Loan terms available may vary depending on amount borrowed, credit history, or payment method. Rates shown may be based on auto pay participation.  NWCU is an Equal Opportunity Lender.

Call (800) 452-9515 or see branch for details.

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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 3.25% APR**
  • Available in a Rewards credit card: earn points on every purchase!

*To open your account, you may need to pay for an appraisal ($695). 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

Visa Card Agreement


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Home Equity Fixed Rate Loan*

If you’re looking to take one-time equity out of your home, refinance your first mortgage with a quick a low, quick-low fee process, or have an existing mortgage you’d prefer not to refinance, this loan is a good option for you.

Home Equity Loan Features
  • Terms available up to 30 years
  • Ideal for large, one-time expenses, debt consolidation, or for those who like a fixed rate and monthly payment
  • Loans available up to $350,000
  • Fixed rates as low as 4.25% APR¹

*To open your account, you may need to pay for an appraisal ($695). Northwest Community Credit Union generally covers all other third party costs associated with originating home equity loans.

¹APR is Annual Percentage Rate. Membership and credit qualifications may also apply. 

Loan payment example: A $100,000 first position fixed rate home equity loan at 4.25% APR; 360 monthly payments of approximately $493.00. This assumes that the member is in the first lien position. 

Home Has Evolved.

If you have upgrades to make, check out our special home equity loan rate.

See Special Rate Details Now