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Northpointe Bank Mortgage Review 2021

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Editor’s note: Parts of this article were reviewed by a lender to ensure accuracy prior to publication. The overall conclusions, recommendations and opinions are the author’s alone. The information in this article is accurate as of the date of publishing.

Northpointe Bank opened its doors in Grand Rapids, Mich., in 1999 and its headquarters is still based there. In addition to standard banking products, Northpointe offers a broad range of mortgage options, as well as refinance loans and home equity products.

Pros and cons of a Northpointe Bank mortgage


  • Offers a large variety of proprietary loan programs tailored to borrowers with specific needs and members of specific professions.
  • Accepts applicants with bad credit.
  • Accepts low down payments.
  • Has a wide variety of products, including home equity products.
  • Features several tools for determining whether you should continue to rent or buy, how much purchasing power you have and other factors that affect your ability to buy a home.


  • Does not detail the communication process throughout the life of the loan on its website, nor does it specify points of contact.
  • Doesn’t include general loan qualification criteria on its website, which makes it difficult to know which program may be right for you.
  • Limited information, overall, on its website, meaning you’ll need to contact the lender to find out more.

Working with Northpointe Bank

Although Northpointe Bank doesn’t operate in every state, you can find locations in almost every region of the country. Northpointe Bank appears to be licensed in 21 states, including:

  • Alabama
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Illinois
  • Indiana
  • Kentucky
  • Michigan
  • New Jersey
  • North Carolina
  • Ohio
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Texas
  • Utah

Northpointe’s website doesn’t indicate its mortgage origination volume, but it has provided mortgages to more than 76,000 families since 2017. The bank has also funded more than $19 billion in loans during that time, but its website doesn’t indicate what percentage of those were home loans.

Northpointe Bank issues loans for the following types of properties:

Northpointe Bank borrowing requirements

The bank does not list borrowing requirements such as credit score and debt-to-income (DTI) ratio on its website. However, it does offer a broad range of loans, including options for homebuyers who have been through recent financial hardships.

Northpointe indicates on its website that it has updated its income and employment verification standards “for flexibility with many employment closures,” so borrowers who were out of work for a time may be able to find a suitable loan program through Northpointe.

Northpointe Bank mortgage products

Below you will find a list of loan types offered by Northpointe Bank. The lender offers 15- and 30-year, fixed-rate mortgages, as well as 5/1 adjustable rate mortgages (ARMs).

You can use Northpointe’s online loan search tool to find programs that meet your needs. For instance, you can search based on whether you’re a homebuyer or want to refinance, as well as how much money you have for a down payment.


  • Conventional mortgages. With options that allow for as little as 5% down, fixed-rate conventional loans are provided up to $484,350 for single-family homes.
  • Jumbo loans. Northpointe offers low-rate options for larger-than-standard loans up to $1 million.
  • VA loans. Veterans, active-duty service members and their spouses may qualify for zero-down loans.
  • FHA loans. First-time and repeat homebuyers with poor credit may qualify for competitive, fixed-rate loans backed by the federal government.
  • FHA 203(k). Borrowers may finance their purchase and the cost of renovation through this government-backed program.
  • Fannie Mae HomeStyle®. Another renovation loan option, this is a conventional mortgage through Fannie Mae that allows buyers to finance a purchase and renovation costs.
  • Fannie Mae HomeReady®. This program assists borrowers to qualify for a mortgage by allowing co-borrowers, such as parents or other relatives, who do not plan to reside in the home and requiring just a 3% down payment.
  • Construction loans. Northpointe offers construction loans for as little as 5% down and provides an interest-only option while the home is being built.
  • Investment property loans. Northpointe provides financing options for one-to-four unit family rental properties.

Northpointe Bank also offers up to 100% financing for low-interest rural development loans to qualifying low- and moderate-income homebuyers. (Editor’s note: Northpoint’s website doesn’t specifically call these USDA loans.)

If you’re purchasing a newly built condo, or the condo is not warrantable for other reasons, Northpointe issues non-warrantable condo loans with up to 90% financing.


Home equity

Northpointe Bank special mortgage programs

  • EquityBuilder. This program lets you apply cash toward a lower interest rate and shorter loan term rather than a down payment, allowing you to build equity more rapidly. Financing will cost less in interest and may not require a monthly insurance premium.
  • Northpointe 100% financing. Available to borrowers with a credit score of 680 or higher, this is a $0 down payment loan that can be used to buy single-family homes and condos in Alabama, Colorado, Florida, Georgia, Indiana, Kansas and Michigan.
  • 97 no MI. Another $0 down payment loan, this program does not require mortgage insurance and can be used by first-time and repeat homebuyers.
  • FreshStart. Buyers who have experienced a financial hardship, such as a short sale, may qualify for a mortgage through this program.
  • State bond programs. Northpointe offers low down payment options for first-time and repeat homebuyers in select states.
  • Doctor loans. This special program can be used by a variety of physicians for purchase or refinance. Loan amounts are capped at $1.3 million.
  • Professional loans. These are available to attorneys and others in selected professions and can be used for purchase or refinance.
  • SimpleLoan. This provides a streamlined application process that is guaranteed to complete within 15 days, or you will receive a $300 rebate.
  • Homeownership Opportunities Program. Qualified buyers may receive up to $8,000 toward closing costs or a down payment.
  • Tribute to Freedom. This is a program through which Northpointe donates $125 to one of three military-focused nonprofit organizations.
  • Expanded Portfolio. Northpointe’s Expanded Portfolio program includes options for borrowers who are self-employed, need to rebuild their credit or might otherwise not qualify for a traditional home loan.

The mortgage application process

  • How to apply. You can get preapproved online, or you can submit your application through Northpointe’s Home app on the website or you can apply in person. After being preapproved, a Northpointe representative will call, text or email you. If you choose to apply online, you’ll need to create an account with Northpointe’s Home app.
  • Disclosure process. There is a digital dashboard through which you and the lender can communicate and exchange documentation. You’ll receive regular updates and can digitally sign documents, but you also opt for traditional paper documentation. Because of the COVID-19 pandemic, your appraisal process may not include an interior inspection. Depending on your loan type, Northpointe may order a desktop appraisal or exterior-only appraisal to ensure the process is safe.
  • Closing. Borrowers can typically select the time and place that works best for their schedules. On its website, Northpointe said it is working to establish “curbside closings” with its title and settlement partners in areas where local recording offices are closed.
  • Servicing. It appears that Northpointe Bank may transfer your mortgage to another servicer, though your loan terms are unlikely to change if that happens.

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