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Northpointe Bank offers some 20 programs that can benefit both conventional and untraditional borrowers, like property investors, select professionals and those with compromised credit. This range of loans combined with high-interest checking and savings options might be a boon if you’re comfortable with digital banking.
Loan products offered | Conventional, Refinance, Jumbo, HELOC, FHA, VA, USDA |
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Minimum credit score | Construction loans: 700 Accelerated loans: 680 |
State availability | AL, CA, CO, CT, DE, FL, GA, IL, IN, KY, MA, MD, MI, NC, NJ, OH, PA, RI, SC, TN, TX, UT, VA, WA |
This lender specializes in conventional and government-backed loans for qualified borrowers, including:
Northpointe expands on typical mortgages and home loans to support compromised credit, construction needs, select professionals and more.
Like many other banks, Northpointe Bank doesn’t disclose a list of potential fees online. But it recommends homebuyers prepare for:
Qualified homebuyers who have not owned a home in the past three years may receive up to $8,000 toward a new down payment or closing costs with Northpointe. Speak with a representative to learn more about eligibility.
Credit score and other financial requirements depend on the loan:
Personal and financial documents required with your loan application include:
You can’t complete a loan application on Northpointe Bank’s website, but when you apply for prequalification, a loan officer will help you fill out the rest:
A loan officer will review your application and follow up with your prequalification.
Trustpilot doesn’t include any user reviews for Northpointe Bank. But it’s accredited with the Better Business Bureau (BBB), earning an A+ rating based on the BBB’s internal criteria that includes its response to customer complaints. It’s answered 11 out of 19 customer complaints as of December 2019. The wide majority of customer feedback is negative, with many citing mistakes that adversely affected homebuyers. You’ll want to carefully review your contract, statements and bills to stay on top of errors.
Northpointe Bank is an FDIC-insured bank based in Grand Rapids, Michigan. Founded in 1999, you’ll find Northpointe in 24 states today, but it’s also widely available as an online-only bank. It also offers a range of car, home and renters insurance through a partnership with Insuritas.
Review by
Kimberly Ellis is a writer at Finder. She hails from New York City with a BA from Queens College and a New York State teaching certificate. After teaching in both public and private schools, Kimberly decided to take the world by storm and dive into the media industry — where she covers everything from home loans and investing to K–12 education and shopping. She’s also an aspiring polyglot, always in a book and forever on the hunt for the perfect classic red lipstick.
If you’re a square peg in a round hole when it comes to borrowing, Northpointe Bank is worth a look. Its nearly 20 programs focus on a range of borrowers beyond the conventional, including loans for those with low credit and professional buyers.
Investors can find combination loans that include construction and land to streamline financing. Drawbacks include a limited service area and frequent customer complaints of errors throughout the homebuying process, so take care reading your contracts and bills.