Northpointe Bank Reviews

Northpointe Bank doesn’t publish its mortgage rates online. To get an idea of its rates, you’ll need to contact one of its loan experts or apply for a loan. Generally, mortgage rates vary based on factors like your credit history, loan type and down payment amount.

» MORE: Current mortgage rates — check today’s rates

Northpointe Bank offers an extensive selection of loan products tailored to individual borrowers’ needs. Its products include fixed-rate conventional loans, jumbo loans, Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA) and U.S. Department of Agriculture (USDA) loans.

Northpointe Bank also provides specialized loan programs for doctors with student loans, and if you’re looking to build or remodel, there are loans for vacant land, new construction and renovations. The company also offers non-warrantable condo loans and programs for people trying to rebuild their credit.

Refinancing

Northpointe also offers term and rate refinance options. Before pursuing a refinance, you’ll want to crunch the numbers and compare the total interest costs of your current mortgage with potential interest savings from a refinance.

Home equity loans and lines of credit

Northpointe Bank offers both home equity loans and home equity lines of credit (HELOCs). Its home equity loans come in amounts of up to $500,000, while its HELOCs come in amounts ranging from $25,000 to $750,000.

Generally, a home equity loan is better when you need immediate access to a lump sum of cash, such as for consolidating debt or funding a home improvement project. A HELOC is better when you’re unsure of exactly how much cash you’ll need but need access to funds consistently for a long period of time.

You can start the application process by visiting Northpointe Bank’s website. From the homepage, click “Get Started” and fill out the prompts. Or, you can go to its loan options page and click on the loan you’re interested in. From there, you can click “Find an advisor” to find a loan officer in your state or else click “Get quote” to get started with an online application.

Within the application portal, you’ll generally need to enter personal and financial information, and you may be able to enter other preliminary loan information, like the loan purpose or the estimated down payment. However, you’ll need to speak with a loan officer to complete most of the application and finalize it. Once your application is submitted, you could receive a preapproval decision fairly quickly.

Northpointe Bank application process features

The table below shows some of Northpointe Bank’s application process features:

Northpointe Bank only publishes some of its requirements online. For instance, for its New Start loan program, which is for borrowers repairing their credit, it requires a minimum credit score of 580. Both VA and USDA loans have no down payment requirements, and it offers several low down payment programs, such as its One+ Program and HomeReady and Home Possible loans.

Generally, most lenders require a minimum credit score of at least 620 for a conventional loan and a minimum score of 580 or 620 for government-backed loans.

Typical mortgage requirements by loan type

The table below shows some typical mortgage requirements by loan type.

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Northpointe Bank doesn’t list most of its home loan fees online. Some of the fees it may charge include a loan recast fee ($500), a partial release fee ($250), a subordination fee ($250) and an escrow waiver ($200). As for loan payments, it charges a one-time fee of $9.95 for payments by phone and a one-time fee of 2.9% of the payment amount for credit or debit card payments.

Generally, closing costs usually total between 2% and 5% of the loan amount. These fees usually include fees like prepaid items (like mortgage insurance premiums) and third-party fees (like home appraisal fees). You’ll receive a loan estimate, which lists all potential costs, after you’re preapproved for a loan. Before closing, you’ll receive a closing disclosure, which will finalize these costs.

If you’re concerned about paying for closing costs, Northpointe Bank may be able to direct you to programs that offer closing cost assistance. You can reach out to a loan advisor for more information and to see if you qualify.