Home lending solutions that work for you.
Find the Loan That’s Right for You
At Northwest Bank, we offer a wide variety of competitive home loans designed to meet your unique needs. Whether you’re buying a new home, refinancing your current home, or need to access your home’s equity, we have you covered. Our home loan experts are ready to help you.
Mortgage Loans: Lending Made Simple
Finding the perfect home should be the hard part of your home buying experience. We believe securing a home loan should be easy. Northwest offers a variety of loans to address your unique needs and financial qualifications. Find the right mortgage fit for you in the chart below.
Find a mortgage loan officer near you
Conventional
Perfect if you're looking to buy a single-family home, owner-occupied primary residence, second home, or investment property.
The Basics
- No income restrictions
- 620 minimum credit score
- Borrow up to $766,500
- Purchase or refinance
Rate Information
- Check rates
- For more rate information, contact your local office, or call 1-888-884-4626.
- Fixed or adjustable rates available.
Fees and Down Payments
- Our standard low fees.
- Down payment as little as 5%, based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- Private mortgage insurance required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
- No upfront mortgage insurance premium.
Northwest Plus
This program is tailored to customers who may not qualify for a conventional loan, but are otherwise creditworthy. Whether it’s a unique property, excessive acreage, or challenges with documentation, our Home Loan experts are available to help you accomplish your goals.
The Basics
- 640 minimum credit score
- Purchase and refinance options available
Rate Information
- Fixed-rate and adjustable-rate mortgages available.
- For more rate information, contact your local office, or call 1-888-884-4626.
- Our standard low fees.
- Down payment as little as 10%, based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- Private mortgage insurance required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
- No upfront mortgage insurance premium.
Jumbo Mortgage
Thinking big? So are we. Let us handle the heavy lifting for luxury home loans.
The Basics
- No income restrictions
- 700 minimum credit score
- Purchase or refinance
Rate Information
- Fixed-rate or adjustable-rates available.
- 15, 20, and 30 year fixed terms available. Competitive interest rates. For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- Our standard low fees.
- Down payment as little as 10% based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- Private mortgage insurance required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
- No upfront mortgage insurance premium.
Construction Loan
Looking to build the home of your dreams or renovate your current home? We've designed one of the most respected construction loans in the market to accommodate the needs of both you and your builder.
The Basics
- No income restrictions
- 640 minimum credit score
- Purchase or refinance
Rate Information
- Fixed-rate or adjustable-rate options available after the construction period
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- Our standard low fees.
- Down payment as little as 5% based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- Private mortgage insurance required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
USDA
The United States Department of Agriculture (USDA) offers home loans for borrowers living in rural areas.
The Basics
- Available with credit score as low as 640
- Seller contributions of up to 6% permitted
- Property must be located in an eligible area
- Must meet certain income restrictions
Rate Information
- 30-year fixed-rate option available.
Fees and Down Payments
- No down payments required.
- Ability to finance the up front USDA Guarantee fee, reducing your closing costs.
Private Mortgage Insurance (PMI)
- An up front USDA Guarentee Fee, plus an annual fee are required. The up front fee can be financed into the loan.
VA
We want to thank our veterans for their service. The Veterans Administration (VA) has created a loan program which offers 100% financing, flexible credit requirements, and no income restrictions.
The Basics
- Available with credit score as low as 640
- Purchase or refinance.
- Seller contributions up to 4% permitted.
Rate Information
- Fixed-rate loans available.
Fees and Down Payments
- Ability to finance the up front VA funding fee reducing your closing costs.
- No down payment required.
Private Mortgage Insurance (PMI)
No private mortgage insurance required, reducing your monthly payments.
FHA
With an FHA loan, you can secure a home with as little as 3.5% down. The Federal Housing Administration helps make homeownership a reality with flexible down payment options and no income restrictions.
The Basics
- No income restrictions
- Purchase or refinance options
- Owner-occupied, 1-4 family residences eligible
- Borrow up to $498,257
Rate Information
- Fixed-rate loans available.
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- Down payment as little as 3.5%
- Up to 100% of your down payment can come from gift funds
- Can use up to 6% seller’s assist to help with closing costs
Private Mortgage Insurance (PMI)
- While PMI isn’t required, FHA loans do require both an upfront and annual Mortgage Insurance Premium. The annual premium is part of your monthly payment. For additional information, contact your local office or call 1-888-884-4626.
Physician
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.
The Basics
- Practicing physicians and residents with any of the following designations are eligible for this loan program: MD, DO, OD, DDS, DMD, or DPM.
- Purchase or refinance.
Rate Information
- Fixed-rate and adjustable-rate loans available.
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- Our standard low fees.
- Down payment as little as 0% based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- The normal PMI requirement on mortgages is waived through this program.
Hometown Affordable and Hometown Neighborhood
We have loan programs designed for first time homebuyers and those who have limited funds for a down payment.
The Basics
- First Time Homebuyer and Affordable Home Loan Programs
- Purchase and refinance options available
Rate Information
- Fixed-rate options available
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- As little as 3% required for down payment.
Private Mortgage Insurance (PMI)
- Private mortgage insurance required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
- No upfront mortgage insurance premium.
Home Possible®
You now have more options than ever when it comes to finding the right loan for your home. Through a partnership with Freddie Mac, Northwest offers the Home Possible® loan program, featuring low down payment options, as low as 3%, and fixed-rate options with terms up to 30 years.
- Low down payment options – as low as 3%
- Income cannot exceed 80% of the area median income limits, based on property location
- Homeownership education is required for at least one qualifying borrower, if all borrowers are first-time homebuyers
- Purchase or refinance options
- 30 year, fixed-rate term.
- For more rate information, contact your local office, or call 1-888-884-4626.
- Financing up to 105%, in partnership with First Front Door program or other qualifying affordable second lien programs
- No upfront funding fee
- Origination fee is waived
- Offers more competitive pricing with a credit-fee cap
- Reduced mortgage insurance premiums are available.
Heroes Loan Program
We have loan programs designed for the heroes within our communities like active military members, veterans, police officers, fire fighters, and EMTs.
The Basics
- Heroes Loan Program
- Purchase and refinance options available.
Rate Information
- Low, fixed-rate options available.
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- As little as 3% required for down payment.
Private Mortgage Insurance (PMI)
- 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).
HomeOne®
Through a partnership with Freddie Mac, Northwest offers the HomeOne® loan program, featuring low down payments on purchases and high loan-to-value refinance options.
The Basics
- No maximum income limits.
- Financing up to 97% loan-to-value.
- Purchase or no-cash out refinance options.
- Borrow up to $766,500.
- Eligible for one-unit primary residences.
- At least one borrower must be a qualifying first-time homebuyer (purchase transactions).
- Homeownership education is required for at least one qualifying borrower, if all borrowers are first-time homebuyers.
Rate Information
- 20 and 30 year, fixed-rate terms available.
- For more rate information, contact your local offices or call 1-888-884-4626.
Fees and Down payments
- Low down payment options – as low as 3%.
- Escrow required.
Private Mortgage Insurance (PMI)
- Upfront or monthly mortgage insurance options available.
- Private mortgage insurance required with less than 20% down payment.
- Monthly mortgage insurance can be dropped when your loan balance reaches 80% of the original value of your home.
HomeReady®
In partnership with Fannie Mae®, Northwest offers HomeReady®. This is an affordable, low down payment mortgage program designed for creditworthy low-income borrowers.
The Basics
- Flexible sources of funding for down payment and closing costs – with no minimum contribution from borrower’s own funds.
- More competitive pricing with a credit-fee cap
- Reduced mortgage insurance rates and premiums, compared to conventional mortgages
- Borrower’s income cannot exceed 80% of the area median income limits, based on property’s location
- Available for first-time or repeat homebuyers
- Homeownership education is required for first-time homebuyers
Rate Information
- Up to 30-year, fixed rate terms – meaning consistent monthly payments
- For more rate information, contact your local offices or call 1-888-884-4626.
Fees and Down payments
- Low down payment options for home purchase or refinance transactions – as low as 3% for purchase transactions.
- Origination fee is waived and no upfront funding fee – making upfront costs lower for borrowers
Private Mortgage Insurance (PMI)
- PMI can be canceled after borrowers’ equity reaches 20% of the home’s appraised value
Conventional
Perfect if you're looking to buy a single-family home, owner-occupied primary residence, second home, or investment property.
The Basics
- No income restrictions
- 620 minimum credit score
- Borrow up to $766,500
- Purchase or refinance
Rate Information
- Check rates
- For more rate information, contact your local office, or call 1-888-884-4626.
- Fixed or adjustable rates available.
Fees and Down Payments
- Our standard low fees.
- Down payment as little as 5%, based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- Private mortgage insurance required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
- No upfront mortgage insurance premium.
Northwest Plus
This program is tailored to customers who may not qualify for a conventional loan, but are otherwise creditworthy. Whether it’s a unique property, excessive acreage, or challenges with documentation, our Home Loan experts are available to help you accomplish your goals.
The Basics
- 640 minimum credit score
- Purchase and refinance options available
Rate Information
- Fixed-rate and adjustable-rate mortgages available.
- For more rate information, contact your local office, or call 1-888-884-4626.
- Our standard low fees.
- Down payment as little as 10%, based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- Private mortgage insurance required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
- No upfront mortgage insurance premium.
Jumbo Mortgage
Thinking big? So are we. Let us handle the heavy lifting for luxury home loans.
The Basics
- No income restrictions
- 700 minimum credit score
- Purchase or refinance
Rate Information
- Fixed-rate or adjustable-rates available.
- 15, 20, and 30 year fixed terms available. Competitive interest rates. For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- Our standard low fees.
- Down payment as little as 10% based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- Private mortgage insurance required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
- No upfront mortgage insurance premium.
Construction Loan
Looking to build the home of your dreams or renovate your current home? We've designed one of the most respected construction loans in the market to accommodate the needs of both you and your builder.
The Basics
- No income restrictions
- 640 minimum credit score
- Purchase or refinance
Rate Information
- Fixed-rate or adjustable-rate options available after the construction period
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- Our standard low fees.
- Down payment as little as 5% based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- Private mortgage insurance required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
USDA
The United States Department of Agriculture (USDA) offers home loans for borrowers living in rural areas.
The Basics
- Available with credit score as low as 640
- Seller contributions of up to 6% permitted
- Property must be located in an eligible area
- Must meet certain income restrictions
Rate Information
- 30-year fixed-rate option available.
Fees and Down Payments
- No down payments required.
- Ability to finance the up front USDA Guarantee fee, reducing your closing costs.
Private Mortgage Insurance (PMI)
- An up front USDA Guarentee Fee, plus an annual fee are required. The up front fee can be financed into the loan.
VA
We want to thank our veterans for their service. The Veterans Administration (VA) has created a loan program which offers 100% financing, flexible credit requirements, and no income restrictions.
The Basics
- Available with credit score as low as 640
- Purchase or refinance.
- Seller contributions up to 4% permitted.
Rate Information
- Fixed-rate loans available.
Fees and Down Payments
- Ability to finance the up front VA funding fee reducing your closing costs.
- No down payment required.
Private Mortgage Insurance (PMI)
No private mortgage insurance required, reducing your monthly payments.
FHA
With an FHA loan, you can secure a home with as little as 3.5% down. The Federal Housing Administration helps make homeownership a reality with flexible down payment options and no income restrictions.
The Basics
- No income restrictions
- Purchase or refinance options
- Owner-occupied, 1-4 family residences eligible
- Borrow up to $498,257
Rate Information
- Fixed-rate loans available.
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- Down payment as little as 3.5%
- Up to 100% of your down payment can come from gift funds
- Can use up to 6% seller’s assist to help with closing costs
Private Mortgage Insurance (PMI)
- While PMI isn’t required, FHA loans do require both an upfront and annual Mortgage Insurance Premium. The annual premium is part of your monthly payment. For additional information, contact your local office or call 1-888-884-4626.
Physician
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.
The Basics
- Practicing physicians and residents with any of the following designations are eligible for this loan program: MD, DO, OD, DDS, DMD, or DPM.
- Purchase or refinance.
Rate Information
- Fixed-rate and adjustable-rate loans available.
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- Our standard low fees.
- Down payment as little as 0% based on credit score and other qualifying information.
Private Mortgage Insurance (PMI)
- The normal PMI requirement on mortgages is waived through this program.
Hometown Affordable and Hometown Neighborhood
We have loan programs designed for first time homebuyers and those who have limited funds for a down payment.
The Basics
- First Time Homebuyer and Affordable Home Loan Programs
- Purchase and refinance options available
Rate Information
- Fixed-rate options available
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- As little as 3% required for down payment.
Private Mortgage Insurance (PMI)
- Private mortgage insurance required with less than 20% down payment.
- Can be dropped when your loan balance is 80% of the original value of your home.
- No upfront mortgage insurance premium.
Home Possible®
You now have more options than ever when it comes to finding the right loan for your home. Through a partnership with Freddie Mac, Northwest offers the Home Possible® loan program, featuring low down payment options, as low as 3%, and fixed-rate options with terms up to 30 years.
- Low down payment options – as low as 3%
- Income cannot exceed 80% of the area median income limits, based on property location
- Homeownership education is required for at least one qualifying borrower, if all borrowers are first-time homebuyers
- Purchase or refinance options
- 30 year, fixed-rate term.
- For more rate information, contact your local office, or call 1-888-884-4626.
- Financing up to 105%, in partnership with First Front Door program or other qualifying affordable second lien programs
- No upfront funding fee
- Origination fee is waived
- Offers more competitive pricing with a credit-fee cap
- Reduced mortgage insurance premiums are available.
Heroes Loan Program
We have loan programs designed for the heroes within our communities like active military members, veterans, police officers, fire fighters, and EMTs.
The Basics
- Heroes Loan Program
- Purchase and refinance options available.
Rate Information
- Low, fixed-rate options available.
- For more rate information, contact your local office, or call 1-888-884-4626.
Fees and Down Payments
- As little as 3% required for down payment.
Private Mortgage Insurance (PMI)
- 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).
HomeOne®
Through a partnership with Freddie Mac, Northwest offers the HomeOne® loan program, featuring low down payments on purchases and high loan-to-value refinance options.
The Basics
- No maximum income limits.
- Financing up to 97% loan-to-value.
- Purchase or no-cash out refinance options.
- Borrow up to $766,500.
- Eligible for one-unit primary residences.
- At least one borrower must be a qualifying first-time homebuyer (purchase transactions).
- Homeownership education is required for at least one qualifying borrower, if all borrowers are first-time homebuyers.
Rate Information
- 20 and 30 year, fixed-rate terms available.
- For more rate information, contact your local offices or call 1-888-884-4626.
Fees and Down payments
- Low down payment options – as low as 3%.
- Escrow required.
Private Mortgage Insurance (PMI)
- Upfront or monthly mortgage insurance options available.
- Private mortgage insurance required with less than 20% down payment.
- Monthly mortgage insurance can be dropped when your loan balance reaches 80% of the original value of your home.
HomeReady®
In partnership with Fannie Mae®, Northwest offers HomeReady®. This is an affordable, low down payment mortgage program designed for creditworthy low-income borrowers.
The Basics
- Flexible sources of funding for down payment and closing costs – with no minimum contribution from borrower’s own funds.
- More competitive pricing with a credit-fee cap
- Reduced mortgage insurance rates and premiums, compared to conventional mortgages
- Borrower’s income cannot exceed 80% of the area median income limits, based on property’s location
- Available for first-time or repeat homebuyers
- Homeownership education is required for first-time homebuyers
Rate Information
- Up to 30-year, fixed rate terms – meaning consistent monthly payments
- For more rate information, contact your local offices or call 1-888-884-4626.
Fees and Down payments
- Low down payment options for home purchase or refinance transactions – as low as 3% for purchase transactions.
- Origination fee is waived and no upfront funding fee – making upfront costs lower for borrowers
Private Mortgage Insurance (PMI)
- PMI can be canceled after borrowers’ equity reaches 20% of the home’s appraised value
For example, a $175,000 loan for 30 years at 6.50% interest rate with an associated APR of 6.537% has a fixed monthly principal and interest payment of $1,106.12 for the life of the loan.
This is based on an LTV of 80% with a 770 and above FICO® score. Will finance based on the lesser amount of the purchase price or appraised value. Estimated escrow payments for items such as property taxes/homeowner’s insurance/HOA fees are not included in the monthly principal and interest payment.
Rates subject to change at any time without notice.
Home Equity Loans: Tap into Your Home’s Value
Whether you’re adding a patio, improving energy efficiency, or consolidating debt, home equity loans and lines of credit from Northwest can help you make it happen with low interest, predictable monthly payments and a fast, simple process. Helping you tap into your home’s value is just one way we’re increasing the value of you.
Our home equity solutions offer:
- Affordability: Experience great rates with low fees.
- Convenience: Apply on your time online or in person.
- Flexibility: Close on your terms. We’ll send someone to you, whether it’s at your home or the local coffee shop.
- Predictability: Gain peace of mind with predictable monthly payments.
- Access: Work directly with our mortgage experts who will walk you through every step of the loan process to deliver what you need on time.
Fixed-Term Loan Equity
With a Northwest home equity loan, tap into the value of your home with minimal closing costs and a speedy process. Whether you're looking to refinance a current loan, consolidate debt, or take cash out, a fixed-term home equity loan can help.
• Fixed-rate and term with set monthly payments
• Minimal closing costs, typically ranging from $67 to $650
• Loan amounts available up to $750,000.00
• Qualifying applicants can borrow up to 95% of their home’s value
Home Equity Line of Credit
If you plan on making major purchases or tackling big projects over time, a Northwest home equity line of credit, featuring a competitive variable rate, can be there when you need it.
• Adjustable-rate, with options as low as Prime + 0%
• Minimal closing costs
• Loan amounts available up to $750,000.00
• Interest-only payments during initial 10-year draw period
• Ability to lock in all, or a portion, of your balance into a fixed rate and term
Bridge Loan Program
If you’re purchasing or building a new home and would like to use the equity in your current property to help with down payment and closing costs, our Bridge Loan Program could be the perfect option.
• Product features interest-only payments, until balance maturity
• Balance is due in 12 months or upon sale of current property, whichever comes first
• Program available to Northwest customers in conjunction with new purchase mortgage or construction loan
• Customers may consolidate existing debt in addition to cash-out to assist with new purchase mortgage or construction loan
Fixed-Term Loan Equity
With a Northwest home equity loan, tap into the value of your home with minimal closing costs and a speedy process. Whether you're looking to refinance a current loan, consolidate debt, or take cash out, a fixed-term home equity loan can help.
• Fixed-rate and term with set monthly payments
• Minimal closing costs, typically ranging from $67 to $650
• Loan amounts available up to $750,000.00
• Qualifying applicants can borrow up to 95% of their home’s value
Home Equity Line of Credit
If you plan on making major purchases or tackling big projects over time, a Northwest home equity line of credit, featuring a competitive variable rate, can be there when you need it.
• Adjustable-rate, with options as low as Prime + 0%
• Minimal closing costs
• Loan amounts available up to $750,000.00
• Interest-only payments during initial 10-year draw period
• Ability to lock in all, or a portion, of your balance into a fixed rate and term
Bridge Loan Program
If you’re purchasing or building a new home and would like to use the equity in your current property to help with down payment and closing costs, our Bridge Loan Program could be the perfect option.
• Product features interest-only payments, until balance maturity
• Balance is due in 12 months or upon sale of current property, whichever comes first
• Program available to Northwest customers in conjunction with new purchase mortgage or construction loan
• Customers may consolidate existing debt in addition to cash-out to assist with new purchase mortgage or construction loan