Wide range of mortgage options

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Types of loans offered

Compliant, FHA, VA, USDA, jumbo, construction, land loan, renovation, doctor, professional, investment property, home equity, HELOC, unsecured condo, all in one, fresh start, SimpleLoan, EquityBuilder, Northpointe 100 %, expanded Portfolio

Types of loans offered

Compliant, FHA, VA, USDA, jumbo, construction, land loan, renovation, doctor, professional, investment property, home equity, HELOC, unsecured condo, all in one, fresh start, SimpleLoan, EquityBuilder, Northpointe 100 %, expanded Portfolio

Advantages
  • Wide variety of mortgages to choose from
  • Offers include mortgages that close in 15 days or less, 0% mortgages, and mortgages for those who have recently experienced negative events on their credit history.
  • Works with 17 different states to provide down payment assistance
The inconvenients
  • Unable to get personalized rates online
  • Some mortgage options are not available in all states
  • Does not disclose online lender fees
More information
  • Available in all 50 states and Washington, DC
  • Has branches in 25 states
  • Minimum credit score and down payment shown are for conforming mortgages. The 3% down payment option is available for low income borrowers. Regular conforming mortgages require at least 5% down payment.

Overall Lender Rating

Advantages and disadvantages

Northpointe Bank Mortgage Interest Rates

Northpointe Bank Displays examples of mortgage rates for its 30- and 15-year fixed-rate conforming mortgages, 30-year fixed-rate construction mortgages and 5-year ARMs. If you would like a custom quote, you will need to call Northpointe or complete an online form to be pre-qualified.

Northpointe Bank vs. PNC Bank

Both of these lenders are solid options for buyers looking for affordable mortgages. PNC Bank offers a PNC Community Loan Mortgage, which allows eligible borrowers to deposit as little as 3% without having to pay mortgage insurance. PNC Bank also offers closing cost subsidies of up to $5,000 for borrowers who meet income limits.

Northpointe Bank allows even lower down payments on a few of its mortgages, including its Northpointe 100% and EquityBuilder mortgages, both of which allow 0% down payments. If putting as little as possible is your main goal, Northpointe might be a better fit for you. But the PNC Community Loan is also a great deal and might be a good choice if you want to make a small down payment while avoiding mortgage insurance.

Northpointe Bank vs. Guild Mortgage

Guild Mortgage is a lender that, like Northpointe Bank, offers unique mortgage options for borrowers who want something more than a standard mortgage. Both lenders also rank among the best in customer satisfaction, and both can help connect you with national or local down payment assistance programs.

Since these two lenders are quite similar, the best solution may depend on which one offers the mortgage you need. If they both have what you’re looking for, it might be worth getting pre-approved with both to see which offers the better deal.

How Northpointe Bank Mortgages Work

Northpointe Bank issues mortgages in all 50 states and Washington, DC. It also has physical branches in 25 states.

Northpointe Bank offers an exceptionally wide range of mortgage loans. It offers more traditional mortgage options, including compliant, FHA, VA, USDA, and jumbo mortgages. It also offers loans for specific situations, including mortgages for construction, renovation, doctors, professionals and investment properties, land loans, home equity loans and HELOCs, as well as mortgages for unsecured condos. It even offers some programs unique to Northpointe Bank, including:

  • All in one: Combines your mortgage with a Northpointe Bank deposit account, allowing you to easily make additional payments on your mortgage principal
  • New start: For borrowers with a recent negative event on their credit reports. Northpointe doesn’t specify which “significant credit events” it allows, but it generally refers to things like defaults and bankruptcies. You will need a credit score of 660 and a 20% down payment to qualify
  • Simple Loan: Closing in 15 business days or less
  • Equity Creator: Allows you to put 0% down and instead use your down payment funds for a lower rate or shorter term
  • North Point 100%: Deposit 0% with a minimum credit score of 680
  • Expanded portfolio: This includes mortgages for those who do not fully meet the requirements for a conforming mortgage, borrowers with negative events on their credit reports, and investors seeking to qualify based on income from the property they buy.

On Northpointe conforming mortgages, borrowers can deposit as little as 3% if they qualify for a Fannie Mae HomeReady mortgage, which is aimed at borrowers who earn 80% or less of the area’s median income. You can use Fannie Mae research tool to find out what the area median income is in your area. If you don’t qualify for HomeReady, you’ll need to deposit 5% to get a conforming mortgage.

You can apply for prequalification with Northpointe Bank by completing an online form. You can also start by phone or by using his “find a loan counselorto contact a loan officer near you. The bank’s customer service department is open Monday through Friday from 8 a.m. to 6 p.m. ET.

Is Northpointe Bank Trustworthy?

Northpointe Bank currently has a A+ rating from the Better Business Bureau. BBB ratings are based on honesty in advertising, transparency about its business practices, and efficiency in responding to customer complaints.

On its Zillow lender profile, the bank is highly rated by previous customers, earning an average rating of 4.94 stars.

Northpointe Bank Mortgage FAQs

What are Northpointe Bank mortgage rates?

Northpointe Bank has some sample rates on its site, but you’ll need to prequalify or speak to a loan officer for a personalized quote.

What credit rating do you need for Northpointe Bank mortgages?

Because Northpointe Bank offers such a wide range of mortgages, the


credit score

you’ll need to get approved with this lender can vary depending on the type of mortgage you’re looking for. If you get a traditional, conforming mortgage, you’ll need at least a credit score of 620.

Where is Northpoint Bank located?

Northpointe Bank is headquartered in Grand Rapids, Michigan, and has branches with loan officers in 25 states, including Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia , Illinois, Indiana, Kentucky, Massachusetts, Michigan, Nevada, New Jersey, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia and Washington. It issues mortgages in all 50 states and in Washington, DC.

About Teresa G. Wilson

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