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.
Northpointe Bank Mortgage: 0% down payment loan options available
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.
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!
|At least 620;
|Conventional, Jumbo, Fixed and Adjustable-rate, FHA, VA, USDA, Home Equity and Refinance;
|Minimum Down Payment
|0% in some loan programs. For conventional loans, as low as 5%;
|Up 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
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.
- 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.
- 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!
About the author / Beatriz Vieira
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