Mortgages

Northpointe Bank Mortgage review: Rates, terms and more

Northpointe Bank offers a range of mortgage products, but what do their rates, terms, and fees look like? Check out our review to find out.

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Northpointe Bank Mortgage: 0% down payment loan options available

Northpointe bank logo
Northpointe Bank Mortgage review. Source: The Insider Advisor

Before applying for a home loan, it is essential knowing your options! Therefore, this Northpointe Bank Mortgage review will help you in your home-buying journey.

Northpointe bank logo

Northpointe Bank Mortgage: how to apply

Learn how to easily apply for the Northpointe Bank Mortgage. We make the process straightforward. Enjoy 0% down payment programs.

This article will take a closer look at this lender’s details, including rates, terms, pros, and cons. So keep reading and find out if it is your best option!

Credit ScoreAt least 620;
Loans OfferedConventional, Jumbo, Fixed and Adjustable-rate, FHA, VA, USDA, Home Equity and Refinance;
Minimum Down Payment0% in some loan programs. For conventional loans, as low as 5%;
APRSee terms;
TermsUp to 30 years.

Northpointe Bank Mortgage review: what you need to know

Northpointe Bank Mortgage is a lender that offers home loans in all 50 U.S. states and Washington, D.C. It is known for its rate transparency and multiple mortgage products.

This lender has conventional, jumbo, fixed, and adjustable-rate FHA, VA, and USDA loans. Also, they offer Home Equity and refinance options.

With up to 30-year terms, Northpointe Bank displays updated interest rates on their website, so customers can access it before completing their applications.

Furthermore, there are some special loan options offered by this lender. To be more specific, Northpointe delivers unique programs that allow borrowers to qualify with a 0% down payment.

For example, the Northpointe 100% allows homebuyers with a minimum credit score of 680 to qualify for a primary home purchase with no money down.

Additionally, there is the Doctor loans that provide up to $1 million with no down payment for doctors who have recently signed employment contracts.

Also, there is the EquityBuilder, which provides a mortgage with no down payment for primary homes and has shorter repayment terms.

Customers can enjoy other programs with no down payment that might fit their needs better.

Northpointe Bank Mortgage main features

Smiling afro businesswoman working on laptop in modern office
Northpointe Bank Mortgage main features. Source: Adobe Stock

Northpointe is a great option for first-time home buyers looking for unique perks and excellent customer service.

However, before applying, it is also important to consider this lender’s drawbacks.

Below, let’s compare de pros and cons of the Northpointe Bank Mortgage to help you make a more informed decision.

Pros

  • It delivers a variety o home loan options;
  • Has multiple no-down-payment loans available for its new borrowers;
  • Customers can enjoy rate transparency;
  • This lender has excellent customer service;
  • It offers a great mobile app.

Cons

  • It doesn’t offer a fully online application process;
  • It does not disclose its fees on its website.

Credit score required to apply

The minimum credit score for qualifying for this lender will vary depending on the home loan you’re applying for. Borrowers will need a minimum of 620 for conventional loans.

But for an FHA loan, they can qualify with a minimum credit score of 580, for example. So consult the specific home loan you intend to take before completing your application.

Northpointe Bank Mortgage application process: how does it work?

Northpointe Bank Mortgage delivers a simple application process. Borrowers can easily prequalify through the website.

So keep reading if you’re interested in learning more about the application process for this lender.

The following article will explain everything you need to know. We’ve made the process simple!

Northpointe bank logo

Northpointe Bank Mortgage: how to apply

Learn how to easily apply for the Northpointe Bank Mortgage. We make the process straightforward. Enjoy 0% down payment programs.

About the author  /  Beatriz Vieira

Beatriz Vieira is a producer and copywriter who is part of the finance writer team in this portal. She has a degree in Journalism and aims to improve her bilingual writing skills. Her subjects of most significant interest are culture, finances, and self-development.

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