Home Equity Advantage • Northrim Bank

Home Equity Advantage


There's No Place Like Home to Find More Spending Power

Our Home Equity Advantage line of credit (HELOC) offers an exceptional rate and delivers the financial support you need for things like home renovations, education expenses or as an emergency fund. It’s a great alternative to a credit card, plus it’s quick and easy to set up.

  • Low rates1 See today's rate listing.
  • Low to no closing costs2 We'll help pay your closing costs.
  • Fixed rate loan options (FRLO)3 Lock in all or a portion of your line at a fixed rate.
  • Convenient access Access funds using checks, online transfers or an access card.
  • Flexibility Borrow what you need and only pay interest on the amount you use.
  • Revolving credit line Pay down the balance and use the line again as needed.

Your home equity can help you live your dreams. How will you use it?


a house with a paint roller

Home Renovations

Whether you're looking to remodel your kitchen, build a deck or install new windows, a HELOC is a great option.
a college diploma

Higher Education

Use your home's equity instead of student loans to pay college tuition.
credit cards

Pay Down Debt

Consolidate your debt at a lower rate and pay down credit cards, car loans and more.
a sailboat

Life's Big Events

A home equity line can provide immediate cash for weddings, vacations or a new car.
hand holding cash

Emergency Funds

Feel prepared and have the funds for whatever comes your way.


Tap into your home's value. Call or come in to get started today.


1 APR is a variable rate based on the Prime Lending Rate published in The Wall Street Journal plus a margin of 0.50% to 2.50% depending on LTV, loan amount and credit score. As of 03/18/2021, the APR can range from 5.00% to 5.75% (refer to the Northrim Bank Loan Interest Rate Sheet). The APR will not exceed 17.00%.

2 Homeowners insurance is required. For loan applications received on or after 6/12/2020, Northrim Bank will pay up to $500 of closing costs and fees at account opening. Fees generally range between $579 and $3,515.

3 $50 transaction fee for a fixed rate loan option. Fix all or a portion of the line of credit for a term of 1-15 years with a minimum draw of $5,001. Additional rate discount of 0.25% for automatic payments from a Northrim Bank checking or savings account.