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Home Equity Loan

Use the value in your home

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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Low rates, flexible options

A Home Equity loan is one of the most effective ways to cover a big expense. Whether you’re planning a wedding, making renovations, or consolidating debt, this loan offers a low rate and payments that won’t break the bank. With us, you’ll get financing up to 80%, and you won’t have to worry about prepayment penalties. Want a more flexible option for added peace of mind? We also offer Home Equity Line of Credit (HELOC), where you’ll only need to pay interest on what you spend.

  • Loan amounts from: $50,000 – $250,000
  • No prepayment penalties
  • No application fees
  • Origination fee: $500
  • 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.

  • Online Application
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  • Review
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  • Approval
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Monthly Payment


Rates as low as

4.74 % APR*

All Rates

In an effort to help mitigate the spread of the coronavirus (Covid-19) and to protect the health of our members and employees, NW Preferred will be closing access to our Stayton and Portland (Tigard) branch lobbies beginning Tuesday, March 24th. After Monday, we will be available to assist members with specific or unique needs, by appointment only, based on our available resources.

Remember you can easily access your NW Preferred accounts, 24 hours a day, via online or mobile banking. You can also locate nearby ATMs by using our mobile app or texting your location (address, intersection, or zip code) to 91989.

Most importantly, stay well.