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Use the equity in your home to help pay for what matters most – now and in the future.
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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.
As low as 5.00% - 5.75% APR.
Access funds using checks, online transfers or an access card.
Low to no closing costs2
We’ll help pay your closing costs.
Borrow what you need and only pay interest on the amount you use.
Fixed rate loan options (FRLO)3
Lock in all or a portion of your line at a fixed rate.
Revolving credit line
Pay down the balance and use the line again as needed.
TAP INTO YOUR HOME'S VALUE
Call or come in to get started today.
Whether you’re looking to remodel your kitchen, build a deck or install new windows, a HELOC is a great option.
Life’s big events
A home equity line can provide immediate cash for weddings, vacations or a new car.
Use your home’s equity instead of student loans to pay college tuition.
Feel prepared and have the funds for whatever comes your way.
Pay down debt
Consolidate your debt at a lower rate and pay down credit cards, car loans and more.
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 6/15/2020, 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%.
Homeowners insurance is required. Northrim Bank will pay up to $750 of closing costs and fees at account opening for loan applications submitted prior to 6/12/2020. 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. $75 annual fee waived for outstanding balances greater than $20,000.
$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.
"From times of cash flow challenges to needing funds for expansion, Northrim has gathered a group of people to 'make it happen' in an expedient way."
Advanced Physical Therapy
"The staff at Northrim went above and beyond from the start and they have continued to do so since. They believe in me and my business and have helped us grow by providing personal service that only a local bank could provide."
Dr. Krislyn DeLeon
Mt. McKinley Animal Hospital
"Northrim's community focus is instrumental to economic development in Alaska. This project would not have been completed without the support and contribution of Northrim."
Huna Totem Corporation
"If Northrim feels the project is good for the state and community, they find reasonable ways to help make it happen."
Extreme Fun Center
Call Us: 907-562-0062 or 800-478-2265
Routing Number: 125200934
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