Northpointe Bank Mortgage Review 2023
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Northpointe Bank offers plenty of loan options for borrowers rebuilding their credit and those who may not have traditional tax returns. But mortgage rates and origination fees are average or higher than industry standard, and you’ll need to contact the lender for customized rates and pre-qualify before you can apply.
Pros & Cons
- Offers government-backed FHA and VA loans, including refinancing options, and USDA loans.
- Jumbo loans available for vacation homes and investment properties.
- Offers programs for borrowers with credit challenges, self-employed borrowers and professionals early in their careers who may still carry significant debt.
- You’ll need to provide contact information or speak to a loan officer for customized mortgage rates.
- Origination fees are on the high side, according to the latest federal data.
- Doesn’t offer home equity loans or lines of credit.
Compare to Other Lenders
What borrowers say about Northpointe Bank mortgages
NerdWallet’s lender star ratings assess objective qualities, including rates, fees and loan offerings. To assess borrowers’ subjective experiences with lenders, NerdWallet has gathered customer satisfaction ratings from Zillow.
Northpointe receives a score of 4.94 out of 5 on Zillow, as of the date of publication. The rating reflects more than 4,360 customer reviews.
Northpointe Bank's mortgage loan options
3 of 5 stars
Northpointe has a wide loan selection, with options particularly for borrowers who might struggle to qualify elsewhere. The lender offers government-backed USDA, FHA and VA loans, including FHA and VA refinancing options. You’ll find an option for self-employed borrowers who don’t have a traditional method for proving income, programs for those with credit issues and a no-down-payment program for medical professionals. Borrowers can also choose from a variety of jumbo loans for properties such as vacation homes and investment options.
The lender does not offer home equity loans or lines of credit.
What it’s like to apply for a Northpointe Bank mortgage
3.5 of 5 stars
You can obtain Northpointe’s online application from a loan officer or through its mobile app, but you’ll have to go through pre-qualification first. From the lender’s rates page, you can click on “Apply Now” to start pre-qualification.
If you have questions, customer service numbers are available from the “Connect” tab at the top of every page on the lender’s website. A chat option on the lender’s site can also help answer questions.
» MORE: How to apply for a mortgage
Northpointe Bank's mortgage rates and fees
2.5 of 5 stars
Northpointe earns 2 of 5 stars for average origination fee.
Northpointe earns 3 of 5 stars for average mortgage interest rates.
NerdWallet analyzes federal data to compare mortgage lenders’ origination fees and offered mortgage rates. We measure annual averages across all loan types, as reported by the lenders. Overall, Northpointe Bank had higher origination fees than average, with mortgage rates that were typical in the industry.
Borrowers should consider the balance between lender fees and mortgage rates. While it's not always the case, paying upfront fees can lower your mortgage interest rate. Some lenders will charge higher upfront fees to lower their advertised interest rate and make it more attractive. Some lenders just charge higher upfront fees.
Northpointe Bank's mortgage rate transparency
4 of 5 stars
Sample mortgage rates are easy to find on the Northpointe Bank website. From the home page, select "Home Lending," then "Low Rates" from the top menu bar, and you’ll see interest rates and APRs for four of its mortgage offerings.
To get a fully customized quote, you'll need to apply for pre-qualification or contact a loan officer.
Alternatives to a home loan from Northpointe Bank
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NerdWallet’s overall ratings for mortgage lenders are evaluated based on four major categories: variety of loan types (purchase, refinance, fixed and adjustable, for example), ease of application, rates and fees and rate transparency. Among the factors we consider when scoring these categories are options to apply for and track loans online, the level of detail about mortgage rates on lender websites and our analysis of the rates and fees lenders reported in the latest available Home Mortgage Disclosure Act data. These scores generate ratings from 1 star (poor) to 5 stars (excellent).