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We love making things simple.
Your loan expert will be ready to close your SimpleLoan within 15 business days of a completed application or you’ll receive a $300.00 rebate.

Client Checklist
After loan application and once you receive all required application disclosures, your loan expert will request the following documentation:

  • Signed disclosures
  • Application Deposit of $400.00
  • Last two years W-2’s
  •  Two most recent pay-stubs
  • Last two months asset verification / bank statements, money market, etc.
  • If receiving Social Security, most recent SSI award letter
  • Name and phone number of your homeowners insurance agent
  • Any further documentation that is requested from you by your loan officer
  • Prompt communication with your third party appraiser

*For SimpleLoan eligible loan applications, Northpointe Bank will issue a Clear-to-Close status within 15 business days from the receipt of the borrower’s complete application (signed disclosure package and income documents) or rebate the borrower $300.00.  Contact your loan advisor for program details.  SimpleLoan is not a loan commitment and all applications are subject to credit review and approval.  Denied, canceled, or withdrawn loan applications are not eligible for SimpleLoan

  • Conforming fixed and adjustable rate programs
  • Purchases and rate/term refinances
  • Owner-occupied single-family one unit attached/detached, planned unit development, site condominiums
  • Full appraisal report without repairs/property inspection waivers accepted
  • Maximum loan-to-value or combined loan-to-value of 90%
  • A credit score of 680 or higher
  • Maximum debt-to-income ratio of 41%
  • No past-due mortgage or rent payments within the past 12 months
  • Credit report must list three (3) open and active trade lines for a minimum of 12 months
  • Two (2) year income verification
  • Two (2) months reserves principal interest, tax, insurance
  • Clear title commitment

The following are ineligible:

  • Condominiums (non-site)
  • Subordinate lien requests
  • Disputed credit
  • Self-employed borrowers

*For SimpleLoan eligible loan applications, Northpointe Bank will issue a Clear-to-Close status within 15 business days from the receipt of the borrower’s complete application (signed disclosure package and income documents) or rebate the borrower $300.00.  Contact your loan advisor for program details.  SimpleLoan is not a loan commitment and all applications are subject to credit review and approval.  Denied, canceled, or withdrawn loan applications are not eligible for SimpleLoan

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