SimpleLoan

We love making things simple.

Your loan advisor will be ready to close your SimpleLoan within 15 business days of a completed application or you’ll receive a $300.00 rebate. Check out the full details & eligibility.
Low Rates Great Service Quick Close
We offer some of the lowest mortgage rates in the industry, along with truly innovative programs tailored for you. Our mission: client-focus. As your personal lender, we value listening and delivering on what is most important to you. Move into your new home sooner…or refinance. Time saved plus low rates equals more savings for you.
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Client Checklist

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

checkbox Signed disclosures
checkbox Application Deposit of $350.00
checkbox Last two years W-2’s
checkbox Two most recent pay-stubs
checkbox Last two months asset verification / bank statements, money market, etc.
checkbox If receiving Social Security, most recent SSI award letter
checkbox Name and phone number of your homeowners insurance agent
checkbox Any further documentation that is requested from you by your loan officer
checkbox Prompt communication with your third party appraiser
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SimpleLoan Eligibility

  • 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.