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Northpointe Bank Mortgage Review | 2022

Northpointe Bank offers a portfolio of custom mortgage loan solutions you won’t find from most other lenders.

Daria Uhlig Daria Uhlig

Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as "Credible."

Northpointe Bank offers a wide range of mortgage products, including a number of specialized loans that may be harder to find at other banks. Such loans include those for construction, doctors, rural development, and more. Northpointe’s diverse product lineup means borrowers are more likely to find a loan option suitable for their financial goals.

You won’t find Northpointe Bank mortgage reviews on the company’s website, but Northpointe notes that it has provided financing for over 94,000 borrowers. As of mid-2020, it reports earning a 98% client satisfaction rate.

Keep reading to learn more about taking out a purchase or refinance home loan from Northpointe Bank.

In this review:

Northpointe Bank mortgage purchase review

Best for:

  • Borrowers looking for a wide selection of loan products
  • Borrowers financing a new construction
  • Borrowers with damaged credit
  • Doctors and other professionals with heavy student loan debt

One benefit of Northpointe Bank is the sheer number of purchase loan products it offers. Borrowers can get fixed- and adjustable-rate loans, jumbo loans, and FHA loans, among other popular options.

Good to know: Northpointe also has less-common options like construction loans, rural development, loans for vacant lots and investment properties, and loans for non-warrantable condominiums that don’t qualify for conventional financing.

The lender provides loan products targeting borrowers with a number of other special circumstances as well, such as:

  • Professional/doctor loans that allow these individuals to buy a home with little to no money down and without having to pay mortgage insurance
  • Loans to help borrowers with damaged credit or modest income
  • Investment property loan for residential rental properties

Mortgage rates are competitive for 15-year and 30-year fixed-rate conventional loans, and the bank offers affordable options, such as its 0% Down Wealth Builder program, if you’re looking to make a smaller down payment.

You can request a loan pre-approval from the Northpointe Bank website, and then talk with a loan advisor to discuss your options. Once you apply for your mortgage, you can track its progress online via the bank’s website.

Northpointe begins the underwriting process upfront, and eligible applicants can expect to have their “clear to close” within 15 business days.

Take a look at Northpointe’s purchase loan programs in more detail:

Mortgage purchase programsConventional, jumbo, FHA, VA, USDA, construction, land, renovation, investment property, proprietary products1
Fixed-rate loan terms15 and 30 years2
Adjustable-rate loan terms5/1
Rates and feesRates and fees depend on loan type, borrower’s qualifications, discount points, and lender credits. Some products require mortgage insurance.
  • VA funding fee: 1.40% with 10% down payment, 1.65% with 5% down payment, 2.30% with $0 down for first-time benefit users

  • FHA upfront mortgage insurance premium: 1.75%

  • USDA guarantee fee: 3.5% max. upfront fee; 0.5% max. annual fee
Min. credit scoreVaries by loan product
Min. down payment
  • Conventional: 5%
  • FHA: 3.5%
  • USDA: 0%
  • VA: 0%
  • EquityBuilder/Wealth Builder: 0%
  • Doctor loan: 0%
  • Professional loan: 3%
  • Construction loan: 5%
  • FHA 203(k): 3.5%
  • Non-warrantable condo loan: 10%
  • Jumbo: 10%
1Product availability varies by state. Contact a loan advisor for more details.
2Additional terms might be available for some loans.
Northpointe Bank isn't our partner, but you can use Credible to compare prequalified rates from other mortgage lenders all at once.

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Northpointe Bank mortgage refinancing review

Best for:

  • Refinancing an existing FHA, VA or USDA loan
  • Home equity lines of credit
  • Jumbo refinancing
  • Non-warrantable condo refinancing

Many of Northpointe’s purchase loans are also available for mortgage refinance, with the exception of the bank’s loans for borrowers with low income or damaged credit. With sufficient equity, you can get a cash-out refinance on certain loan options.

Tip: A home equity line of credit might be a less costly alternative to refinancing. Northpointe allows you to borrow up to 90% of your equity as you need it over the 15-year draw period, and make interest-only payments during the 30-year term of the loan. A balloon payment repays the principal. Customers who set up autopayments from their Northpointe Bank checking account save 0.25% on their interest rate.

Learn more about Northpointe Bank’s refinance loans:

Mortgage refinance loan programsConventional, jumbo, FHA, VA, USDA, renovation, home equity line of credit, proprietary products
Fixed-rate loan terms15 and 30 years1
Adjustable-rate loan terms5/1
Rates and feesRates and fees depend on type of loan, borrower’s qualifications, discount points, and lender credits.
  • VA funding fee: 0.5% to 2.30% for first use of benefit, depending on loan
  • FHA mortgage insurance premium: 1.75% upfront fee2; annual fee varies according to loan-to-value ratio
  • USDA guarantee fee: 3.5% max. upfront fee; 0.5% max. annual fee
Min. credit scoreVaries by loan product
1Additional terms might be available for some loans
2Upfront mortgage insurance premium of 0.01% applies to Streamline Refinance and Simple Refinance loans used to refinance an FHA mortgage endorsed on or before May 31, 2009.
Northpointe Bank isn't our partner, but you can use Credible to compare prequalified rates from other mortgage lenders all at once.

Find Rates Now

How Northpointe Bank can improve

Considering its stellar client satisfaction rate, Northpointe Bank is clearly doing a lot of things right. However, it could be a real superstar lender with improvement in these areas:

  • Home equity loans: A refinance can be too expensive to justify for more modest one-time expenses. Home equity loans would be a welcome addition to Northpointe’s product line.
  • Bi-weekly payments: Although borrowers may make one-time payments online or by phone, Northpointe Bank doesn’t offer a bi-weekly payment schedule at this time. It’s an unfortunate omission, as bi-weekly payments result in an extra payment each year.
  • Easy-to-access rates: To see rates for loans other than conventional and construction loans, borrowers must fill out a pre-qualification form and agree to be contacted by a loan advisor.

Compare multiple lenders first

Before you commit to Northpointe Bank, it’s important to compare several mortgage lenders. Doing so can help you find the best loan for your needs.

Although Northpointe Bank is not one of our partner lenders, Credible makes it easy to compare mortgage rates from other lenders on our platform. You can see if you qualify for pre-approval without leaving our website, and you won’t have to talk to a loan officer unless you want to.

About the author
Daria Uhlig
Daria Uhlig

Daria Uhlig is a contributor to Credible who covers mortgage and real estate. Her work has appeared in publications like The Motley Fool, USA Today, MSN Money, CNBC, and Yahoo! Finance.

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