Home Equity Loan

Unlock your home’s equity.

A home equity loan is a convenient way to take on unexpected expenses, home repairs, a renovation project, debt consolidation and more. Use a home equity loan if you want to borrow a specific amount, and have the stability of a fixed rate, term, and monthly payment that fits your budget. And, enjoy tax-deductible interest!

Rates and terms

Fixed rate Home Equity Loan Special going on now!Fixed rate Home Equity Loan Special going on now!

Fixed rate Home Equity Loan Special going on now! 

A home equity loan allows you to borrow money for travel or large purchases using the equity in your home. Get the cash you need today! 

  • Maximum Loan Amount: $250,000
  • Flood Certification, Lien Search, Automated Valuation Model (AVM), Property Condition Report (PCR) and mortgage recording fees, will be waived.
  • $150.00 credit if applicants have an Advantage Rewards or Advantage Rewards Checking Plus account.

A 15-Year Fixed Rate Home Equity loan with a 5.64% APR is also available.

Apply before October 12, 2022!

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

calculating home finances


  • Explore the differences between a Home Equity Loan and a Home Equity Line of Credit
  • Which one is better for you?


Home Equity Information


  • What is home equity?
  • How is home equity calculated?
  • Learn the basics to understand how you can benefit.




We have a variety of calculators available for you.




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Check the latest rates for all our products!


Equal Housing Lender. Member FDIC. Offer valid September 12, 2022 through October 12, 2022 but is subject to change without notice. Standard underwriting criteria apply. Property must be located in the NWSB Bank service area. The Annual Percentage Rate (APR) is effective as of September 1, 2022, but may be modified or discontinued without notice. The minimum loan amount is $20,000. The interest rate for your loan is based upon your creditworthiness. There is a new money requirement of $20,000. Maximum loan amount is $250,000. With an APR of 5.44%, the monthly loan payment is $216.46  for $20,000 borrowed for a term of 120 months. The loan amount is up to 90% loan-to-value. Property insurance is required. Payment must be automatically deducted from an NWSB Bank checking or statement savings account. Rate will increase .20% if auto draft is not used. Fees (Flood Certification, Lien Search, Automated Valuation Model (AVM), Property Condition Report (PCR) and mortgage recording), will be waived. The customer will be responsible for paying the appraisal fee and Maryland Recordation Tax, if necessary.  If the customer has an Advantage Rewards Checking account, a special $150 credit can be given towards the appraisal fee.  If we are unable to determine the property value with an Automated Valuation Model (AVM) and Property Condition Report (PCR), the Bank may be required to order an appraisal. Subject to appraisal requirements. For properties located in the state of Maryland, recordation tax applies. Appraisal and Maryland Recordation Tax fees will not be waived and the applicant will be responsible for these costs. Other rates and terms are available.