Home Equity Line of Credit (HELC)

Borrow what you need, when you need it

Whether you need immediate funds now or you have a future need that comes up, feel secure knowing you have availability with a Home Equity Line of Credit.

Need some cash for a kitchen remodel or other home project? Apply for a 5 Year Lock Home Equity Line of Credit.

Ways to Apply

For People Who…

  • Want to have accessible funds available
  • Want to have a variable rate loan
  • Want to better their home


  • HELC can be used for future needs.
  • Payments deducted automatically from an NWSB Bank account.
  • Lock in all or a portion of the outstanding balance to a fixed interest rate.


  • Take what you need, when you need it!
  • Interest rates are variable.
  • Fixed interest rate for one to five years.

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How it works.

If you decide you want to convert your variable rate to a fixed rate, you can do it. You can convert all or a portion of the outstanding balance to a fixed interest rate. The amount that is converted to a fixed interest rate is paid off in equal monthly payments over a period of either three, five or seven years---you choose the amount of time to pay it off.

We look at the fair market value of the property, which is determined by an Automated Valuation Model (AVM) Report and Property Condition Report (PCR), or an appraisal in accordance with the Bank's real estate appraisal guidelines.

Save money on overdraft fees by setting up your HELC for Overdraft Protection on an NWSB Bank checking account. If the account becomes overdrawn, funds are transferred from the HELC to the overdrawn account automatically. Interest begins to accrue immediately on the portion of the HELC that was transferred to the overdrawn account.

Ways to Apply

Apply Online

Apply easily using our online loan application!

Apply Online

Apply By Phone

We have dedicated staff that can assist you with applying right over the phone!

Call to get started now!


Visit an Office

Our friendly knowledgeable office staff can take your application at an office convenient to you.

Use our office locator to find an office near you.

Find an Office



We have a variety of calculators available for you.



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