Northwest FCS offers a variety of real estate interest rate programs depending on the loan purpose, repayment terms, risk level and flexibility you need.
Fixed Rates
- Interest rate is fixed for the life of the loan
- Available for maturities of 5, 10, 15, 20 or 25 years
- Fixed-rate loans may be subject to prepayment fees
Fixed-to-Conversion Rates
- Interest rate is initially fixed for 3 to 15 years, then converts to a variable rate
- Interest rate can be re-fixed while on the variable rate for terms of 3 years, up to the remaining loan term
- Available for loan maturities of 10, 15, 20 or 25 years
- Loans may be subject to prepayment fees while on a fixed rate
- Loans are fully prepayable, without fee, once converted to the variable rate
Variable with Fixed Option
- Interest rate is initially a variable rate
- Interest rate can be fixed for terms of 3 years, up to the remaining loan term
- Available for loan maturities of 10, 15, 20 or 25 years
- Loans are fully prepayable, without fee, on both the variable and fixed rate
Variable Rates
- Variable rate options include a variable index administered by Northwest FCS plus margin, or a LIBOR-based variable index plus margin. Restrictions may apply.
- Variable rate loans are fully prepayable, without fee
- Rate can change monthly
