Tuesday, January 22nd

(815) 987-4550


Home Mortgage Banking

Find Your Home Buying Financing Solution

Owning a home remains a huge part of the “American Dream,” and at Northwest Bank, we can help turn that dream into a reality. With a variety of mortgage options and amortization types available, our Mortgage Originators will help you find a competitive rate on your home loan. Mortgage options available at Northwest Bank include:

Conventional (fixed-rate, adjustable-rate)

  • Fixed-Rate Mortgage: You will pay a consistent amount each month. Ideal for long-term mortgages and for those who want to make budgeting easier each month.
  • Adjustable-Rate Mortgage: The interest rate on your mortgage is adjusted each month. This is a good option for homeowners who are looking at short-term ownership or are expecting a rise in income.

VA Loans

Offers 100% financing with low down payment requirement for U.S. Veterans and some surviving spouses.  Click here to learn more about this program.

FHA Loans

Helps borrowers with limited assets buy homes. The low down payment and closing costs can be covered by gifts from family members or grants from certain agencies.  Click here to find out more.

RELIEF Refinance Loans

Also known as HARP, this program allows homeowners to refinance their home mortgage into today’s low rates with less paperwork. This program has been designed to help homeowners keep their home, even if the value of the home has declined. This program is offered on loans that already exist through Fannie Mae or Freddie Mac.  Click here to learn more about HARP.

USDA Loans

Designated for rural-area homes, these loans provide 100% financing, including most or all closing costs, for qualified buyers. Low rates may make payments lower than some FHA loans. These loans are not limited to first-time homebuyers. Click here to learn more.

Rehab Loans

With the Owner Occupied Rehab Program at Northwest Bank, now you not only have a better chance of purchasing that “Fixer Upper,” but you may also qualify for a larger home!

Speak with a Mortgage Originator Today

If you’re ready to find a financing solution to purchase your dream home, stop by our Mortgage Department located at 4402 Peak Drive in Loves Park to speak with a Mortgage Originator. If you’d like to get a head start, download and fill out our mortgage application before you stop in.

To view Northwest Bank’s registered mortgage loan officers, click here.