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Home Equity Line of Credit

Making Life's Luxuries Affordable

In need of cash? Want to make some home improvements? Your home’s value can help you secure a loan with a low interest rate.

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Make Your Home’s Equity Work For You

Your first home improvement, a dream kitchen, or consolidating all your loans into one – what do each of these have in common? They’re all made possible by unlocking the equity in your home! Our home equity line of credit (HELOC) is one of the most effective ways to cover a big expenses. The concept is similar to a credit card, giving you ongoing access to your home’s equity (up to 75%) but with a lower rate.



  • Credit Lines from: $25,000 – $250,000
  • No application fees
  • No origination fees
  • Cover medical expenses, vacations, higher education, and more

Responses within two business days

Need a loan quick? Fill out an online application to get the ball rolling. We’ll reply within two business days or less.

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Monthly Payment


Rates as low as


All Rates

I just want to say how much I appreciated NW Preferred’s help with my recent HELOC. They made the whole process so easy and uncomplicated. It’s wonderful to know they are on my side.

Teresa Peterson—Stayton, OR


Rates and terms may vary based on a borrower’s credit qualifications. All loan rates are determined by Credit Union management and subject to change at any time. The Credit Union may offer other rates in the future. All services offered by the Credit Union shall be subject to applicable laws of the State of Oregon, federal laws and regulations, Credit Union bylaws and all regulations, rules and practices now or hereafter adopted by the Credit Union. All loans subject to credit approval.

No origination fee.  The borrower is responsible for all third party fees — such as appraisal, title insurance, filing, flood determination and/or tax service fees if applicable.

Loan to value is subject to lien position. The maximum loan to value is 75%

The Annual Percentage Rate is variable and subject to change on the first of each month. The quoted rate is established by adding margin to the Prime rate. All HELOC loans subject to an annual fee if the loan balance is below $25,000.

Line of Credit is based on property valuation, term and total encumbrances.

Currently only available in these states: AK,AZ,CA,ID,MT,NM,NV,OR,UT,WA


We Do Business in Accordance With the Federal Fair Housing Law and the Equal Credit Opportunity Act