Build It Or Fix It Up
We make building or renovating simple with our top-of-the-line construction and renovation programs. With us, you receive one loan, one low rate, and a home that is uniquely yours!
(Offered by Northpointe Bank)
Vacant Land Program
- Eligible for loan amounts up to $650,000**
- 1/6, 3/6, and 7/6 ARMs available
- Vacant land must be buildable to be eligible
Construction Program
- One closing and set of closing costs
- Offers interest only payments during the construction period
- Flexible construction terms available
- Low down payment options as little as 5%*
Renovation Program
- One fixed interest rate, one-time close
- Borrow renovation cost against "as completed" appraisal value
- Multiple renovation programs are available
CUSTOMIZING YOUR HOME CAN BE SIMPLE.
Let's Connect Today!Offering Low Down Payment Construction Loans
Qualified borrowers can build their dream home with as little as 5% down* for loan amounts up to $1,089,300. Combining the best features of construction and a permanent loan. We provide better solutions for more borrowers.
Program Features:
- Loan amounts up to $2,000,000 for a primary residence
- Second or vacation home loan amounts up to $1,500,000
- One closing and one set of closing costs
- Interest-only payments during the construction phase
- Construction terms up to 12 or 18 months
- Easy modification into a permanent home loan at the completion of construction
- 5 free draws at the builder's discretion, PLUS an additional 10% construction draw at closing
- Draw requests are handled quickly and funds are wired directly to the builder
FAQ's
When should I choose a builder?
When should my pre-approval be in place?
Can I acquire land with my construction loan?
Can I lock my rate?
How does a contingency work?
When does my loan fund?
What happens with my loan once the build project is complete?
Can I get a loan for just land and build later?
Hi, I'm Brian. I live in Bradenton, Florida with my beautiful wife, Nichole, and our 3 kids. I have been working in the mortgage industry since 2002 and have used many of the awesome products offered by Northpointe over the years to help us build a dream home, purchase a property in paradise, and achieve financial freedom. While the All In One loan is by far one of my favorite products for building wealth, I am excited to assist you in finding the perfect loan product for your needs. I will be here every step of the way, from answering initial questions to after your loan closes. When you work with me, you'll get to utilize innovative technologies like our interactive simulator to explore your cost savings. Combine that with client-focused customer service and a streamlined process, we'll be sure to ο¬nd the right solution for you!
*Construction Loan 95% LTV: Interest rate: 7.375% and Annual Percentage Rate (APR): 7.422% as of November 30, 2022. APR and example payments are based on a purchase transaction of an owner-occupied single-family residence in Grand Rapids, MI with a loan amount of $450,000 credit score of 740, down payment of 5% with tax and insurance escrows. Base APR is quoted and may vary depending on individual credit history and transaction. Requires 360 monthly payments of $3,108.04 with 0 points. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. All loans are subject to credit review and approval. Not all programs are available in all states.
**For the vacant land program minimum loan amount is $10,000. All loans are subject to credit review and approval. This is not a loan commitment. Not all programs are available in all states.
