Home ownership is a big responsibility and at NW Preferred we are here to help you with the expenses that go along with owning your own home.

Preferred Equity Lines of Credit

The Preferred Equity Line of Credit is a great way for you to get the money you need from your home’s equity. The Line of Credit can be used for any major expense. Our Preferred Equity Line of Credit offers:

• Competitive rates
• No points or origination fees
• You only pay interest on what you borrow, not the total credit limit
• The interest you pay may be tax deductible*

*Check with your tax advisor.

Preferred Equity Home Loan

Our Preferred Equity Home Loan is our only fixed rate Real Estate Loan. Like our Line of Credit it is another great way to get the money you need from the equity you have built up in your home. This loan is great for remodeling, debt consolidation or paying off college.

• Competitive rates 
• Fixed 7 or 10 year loans
• Can be either a first or second

Home Advantage Loan

Our Home Advantage Loan is another loan that lets you get the money you need. The Home Advantage Loan is based on the years of home ownership with a minimum of one year and must be your primary residency. The Home Advantage Loan offers

• Competitive rates on Line of Credits
• Credit limits up to $35,000 and repayment terms up to 10 years

Non-Owner Occupied Loans

Our Non-Owner Occupied Loan is great for getting the vacation or second home you have always wanted. The second home must be at least 50 miles from your primary residence. The Non-Owner Occupied Loan offers:

• Competitive rates
• Repayment terms up to 20 years 
• Offered as a first or second deed