Wide range of mortgage options

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Types of loans offered

Compliance, FHA, VA, USDA, Jumbo, Construction, Land Loan, Renovation, Medical, Professional, Investment Property, Home Equity, HELOC, Unsecured Condo, All in One, Fresh Start, SimpleLoan, EquityBuilder, Northpointe 100%, expanded portfolio

Types of loans offered

Compliance, FHA, VA, USDA, Jumbo, Construction, Land Loan, Renovation, Medical, 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% down payment mortgages, and mortgages for those with recent negative events on their credit reports.
  • Works with 17 different states to provide down payment assistance

cons

  • I can’t get personalized rates online
  • Some mortgage options are not available in all states
  • Does not disclose lender fees online

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 to low-income borrowers. Regular conforming mortgages require at least a 5% down payment.

Overall Lender Rating

Pros and cons

Northpointe Bank Mortgage Interest Rates

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

Northpointe Bank vs. PNC Bank

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

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

Northpointe Bank vs. Guild Mortgage

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

Since these two lenders are quite similar, the best option may depend on which one offers the mortgage you need. If 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 originates mortgages in all 50 states and Washington, DC. It also has physical branches in 25 states.

Northpointe Bank offers an unusually large variety of mortgages. You have more traditional mortgage options, including conforming, FHA, VA, USDA and jumbo mortgages. It also has loans for specific situations, including construction, renovation, medical, professional and investment property mortgages, land loans, home equity and HELOC loans, and unsecured condo mortgages. It even offers some programs that are unique to Northpointe Bank, including:

  • All in one: Combines your mortgage with a Northpointe Bank deposit account, making it easy for you to make additional payments toward the principal of your mortgage
  • New beginning: For borrowers with a recent negative event on their credit reports. Northpointe doesn’t specify what “significant credit events” it allows, but this generally refers to things like defaults and bankruptcies. You’ll need a 660 credit score and a 20% down payment to qualify
  • SimpleLoan: Closing in 15 business days or less
  • EquityBuilder: Allows you to make a 0% down payment and instead use the down payment funds for a lower rate or shorter term
  • North tip 100%: Make a 0% down payment with a minimum credit score of 680
  • Expanded Portfolio: This includes mortgages for those who do not qualify for a conforming mortgage, borrowers with negative events on their credit reports, and investors seeking to qualify based on the income of the property they are purchasing.

On Northpointe Compliant Mortgages, borrowers can make as little as a 3% down payment if they qualify for a Fannie Mae HomeReady Mortgage, which is geared toward borrowers earning 80% or less of area median income. You can use the Fannie Mae lookup tool to find out what the area median income is in your area. If you don’t qualify for HomeReady, you’ll need to make a 5% down payment to get a conforming mortgage.

You can apply for prequalification with Northpointe Bank by completing an online form. You can also get started by phone or by using the “find a loan advisor” tool to connect with a loan officer near you. The bank’s customer service line is open Monday through Friday from 8 am to 6 pm ET.

Is Northpointe Bank trustworthy?

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

On its Zillow Lender Profile, the bank is highly rated by past customers, earning an average rating of 4.94 stars.

Northpointe Bank Mortgage FAQs

What are Northpointe Bank’s mortgage rates?

Northpointe Bank shows some sample rates on its site, but you’ll need to request pre-qualification or speak to a loan officer to get a personalized rate quote.

What credit score do you need for Northpointe Bank mortgages?

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


credit score

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

Where is Northpoint Bank located?

Northpointe Bank is headquartered in Grand Rapids, Michigan and has branch offices 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. Originates mortgages in all 50 states and Washington, DC.

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