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Northpointe Bank offers some 20 programs that can benefit both conventional and nontraditional 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 right for you, if you’re comfortable with digital banking.
Conventional: 620
Minimum credit score
5%
Minimum down payment (Conventional)
Available in all states
State availability
Loan products offered | Conventional, Jumbo, FHA, VA, USDA, Home equity loan, HELOC, Refinance |
---|---|
Minimum credit score | Conventional: 620 |
Minimum down payment (Conventional) | 5% |
State availability | Available in all states |
NMLS # | 447490 |
Review by
Kimberly Ellis is a personal finance 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. The lender’s more than 20 programs focus on a range of borrowers beyond the conventional, including loans for those with low credit and legal or medical professionals looking to purchase a home.
Investors can find combination loans that include construction and land to streamline financing. Drawbacks include limited branch locations and frequent customer complaints of errors throughout the homebuying process, so take care when reading your contracts and bills.
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Credit score and other financial requirements depend on the loan. But this bank includes many of its requirements in the loan option descriptions, including the following:
Check your specific mortgage loan program on the Northpointe Bank Loan Options page to see if you meet the base qualifications listed. Your eligibility will typically depend on your credit history, your debt-to-income ratio and the loan-to-value ratio of your home.
Typically, the personal and financial documents required with your loan application include:
Like many other banks, Northpointe Bank doesn’t disclose a list of potential fees online. But it recommends homebuyers prepare for:
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.
Northpointe expands on typical mortgages and home loans to support compromised credit, construction needs, select professionals and more.
In addition to more common mortgage products, such as conforming and government-backed home loans, this lender offers over 20 mortgage options. They cover everything from a first-time homebuyer with little to no down payment to jumbo loans for professionals and new construction loans for borrowers who want to build their own home.
The Homeownership Opportunities Program (HOP) allows qualified homebuyers who have not owned a home in the past three years to receive a grant for up to $5,000 toward a new down payment or closing costs with Northpointe.
Northpointe’s Tribute to Freedom program allows home purchasers to choose a military-based charity, such as USO or the Headstrong Project, for a $125 donation from the bank.
Compare top brands by home loan type, state availability and credit score. Select See rates to provide the lender with basic property and financial details for personalized rates.
As of August 2022, Trustpilot doesn’t have any user reviews for Northpointe Bank. But it’s accredited by the Better Business Bureau (BBB), earning an A+ rating based on the BBB’s internal criteria, including its response to customer complaints. It has answered 42 complaints over the last three years and averages 1 out of 5 stars from 27 reviews. Yelp reviews average 3.5 out of 5 stars with 86 reviews.
Positive reviews praise individual loan officers and a smooth process, while other customers complain of loan officer mistakes that adversely affected homebuyers and warn that you should carefully review your contract, statements and bills to stay on top of errors.
Look at both sides of this lender to see if it’s suitable for you.
Northpointe Bank is an FDIC-insured bank based in Grand Rapids, Michigan. Founded in 1999, the bank offers its services nationwide, but its physical branch locations are available in the following 24 states:
Northpointe Bank also offers a range of car, home and renters insurance through a partnership with Insuritas.