Unlock the power of your home with a Home Equity Loan

Fixed rate = predictable payments
Flexible terms
Local decisions, fast approvals

Apply today and lock in a great rate—because smart borrowing starts at home.

To apply for a Home Equity Loan

Call our office at (952) 445-0888 for personalized assistance with NorthWinds’s HELOC and Fixed-Rate Home Equity loans, or use our online Mortgage Application Portal.

Go to Mortgage Application Portal

We’ve Got TWO Great Options

to fit your needs and make your dreams a reality

Which Solution is Best for You?

Home Equity Line of Credit

Get cash when you need it. Similar to a credit card

10 year repayment period
Rate is prime + margin (Margin determined by credit qualifications and loan to value)
No prepayment penalty
No initial advance required and no minimum initial advance amount
No minimum draw amounts; unlimited draws allowed
No fees for advances/draws
No annual fee

Home Equity Loan

Perfect for a specific amount needed for a onetime purchase.

5, 10 or 15 year loan terms, fully amortized
No annual fee
Rate is fixed for term of loan
Monthly payment is fixed principal + interest
No prepayment penalty
Entire loan amount is drawn when the loan is opened and a fixed payment amount is paid during the term of the loan

*APR = Annual Percentage Rate. Home Equity Loans available in select states only. Consult a tax advisor about the tax deductibility of interest. Closing costs may vary depending on the loan amount and speciﬁc loan terms. Terms, rates, and conditions are subject to change without notice. Offer requires enrollment in auto pay. Creditworthiness may impact ﬁnal approval.
Download our HELOC Disclosure.

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