Northpointe Bank Review
Founded 1999 · Grand Rapids, MI · Nationwide
4.0
Editor Rating
Northpointe Bank is an FDIC-insured chartered bank that portfolios select non-QM products, letting self-employed borrowers apply directly for bank statement, asset-depletion, and P&L programs. As a depository institution, it underwrites and holds some of these loans itself.
Editor's Take
A real bank, not just a lender — Northpointe portfolios some of its non-QM loans, which can add underwriting flexibility. A solid direct option for self-employed buyers who value working with an FDIC-insured institution.
— Bill Rice, 30+ year mortgage lending veteran
Pros & Cons
Pros
- FDIC-insured chartered bank that portfolios some non-QM loans
- Apply directly — retail/consumer-direct channel
- Bank statement, asset-depletion, and P&L programs
- Portfolio lending can mean more underwriting flexibility
Cons
- Narrower non-QM menu — no published ITIN program
- No interest-only on most owner-occupied programs
- Less of a non-QM specialist brand than dedicated players
Loan Products Offered
Eligible Property Types
Best For
Compare Northpointe Bank
Northpointe Bank Review: Frequently Asked Questions
Is Northpointe Bank a legitimate lender?
Northpointe Bank is an established lender founded in 1999 and headquartered in Grand Rapids, MI. It lends nationwide and specializes in bank statement loans, self employed mortgages, non qm loans, asset depletion loans, profit and loss loans and no tax return mortgages. To verify it for yourself, confirm Northpointe Bank's current NMLS registration and state licensing, check its Better Business Bureau (BBB) profile and reviews, and compare written quotes before you apply.
What are the pros and cons of Northpointe Bank?
Pros: FDIC-insured chartered bank that portfolios some non-QM loans; Apply directly — retail/consumer-direct channel; Bank statement, asset-depletion, and P&L programs. Cons: Narrower non-QM menu — no published ITIN program; No interest-only on most owner-occupied programs; Less of a non-QM specialist brand than dedicated players.
Does Northpointe Bank offer bank statement loans?
Yes. Northpointe Bank offers bank statement loan programs that qualify self-employed borrowers using 12–24 months of bank deposits instead of tax returns or W-2s — useful for business owners and 1099 earners with non-traditional income.
What credit score do you need for Northpointe Bank?
Northpointe Bank's published minimum credit score is 640. A higher score generally unlocks better rates and higher leverage. Requirements vary by loan program and are subject to change.
What rates and fees does Northpointe Bank charge?
Northpointe Bank's rates run approximately 7%–9.5% with origination fees of 0–2 points, on loans from $100K to $3M (up to 85% LTV). All figures are approximate and subject to change — request a written quote for your scenario.
How fast can Northpointe Bank close a loan?
Northpointe Bank typically closes in 25–40 days, depending on the loan program, the property, and how quickly you provide documentation.
Disclaimer: Rates, terms, and requirements shown are approximate and based on publicly available information as of March 2026. Actual terms may vary based on your credit profile, property details, and market conditions. Always verify current terms directly with the lender before making financing decisions. Self-Employed Lending Hub provides editorial reviews for educational purposes and does not guarantee loan approval or specific terms.