Home Loans
Whether you’re hoping to buy your first home, need cash for a vacation or home repair, or are looking for a cabin on the North Shore, NorthWinds offers competitive rates on the right loan to make your dreams a reality.
Best of all, we’ve got friendly staff in-office and lots of resources online to make the whole process easier.
Mortgages
Our mortgage loans can help you find affordable housing rates to suit your needs. Whether you’re looking at a new home, a cabin, or considering your refinance options, we are here to help.
- Close on your mortgage faster than ever – minutes, rather than days or weeks!
- Free pre-approvals.
- Variety of loan programs available.
To apply for a Mortgage
Home Equity and HELOC Loans
Our Home Equity Loan can unlock cash for home improvements, automobiles, college education, vacation home, debt consolidation, or just about anything!
A Home Equity Line of Credit Loan is a revolving, open-ended loan. It works like a credit card but because it uses your home as collateral, the interest rate is lower.
With a low-interest home equity loan from NorthWinds Federal Credit Union you can make your dreams a reality.
- Competitive rates
- No closing cost options
- No prepayment penalty
- No annual fee
To apply for a Home Equity Loan
Home Improvement Loans
Our Home Improvement loans offers great rates, flexible terms, and the best part is that you don’t need to use the equity in your home to do it.
- There are two tiers:
‣ Tier 1
◦ Loan amounts up to $10,000.00
◦ Maximum loan term 10 years (120 months)
‣ Tier 2
◦ Loan amounts up to $25,000.00
◦ Maximum loan term 15 years (180 months) - No lien filed against the property.
- No closing fee, no origination fee, and no prepayment penalty.
- No waiting period, receive funds as soon as paperwork has been signed!
Offered for primary residence improvements only. A formal contractor bid is not required; members planning to complete the improvements themselves simply need to provide a written list of improvements and an estimate of the cost. Specific credit criteria must be met. Must be a NorthWinds member. Talk with a lender for full details, options, and conditions.
We bring competitive rates, fewer fees, and a more personal approach to lending. Get your next loan at NorthWinds.
Mortgage Loan Calculator
This mortgage calculator can help calculate a monthly payment and generate an amortization schedule.
Please note: Calculators are valuable tools for testing real-world financial scenarios. To learn more about your specific financial situation, give us a call!
