Build or renovate your home with a Northpointe construction loan. Low down payment options as little as 5%.*

  • Combines the best features of a construction loan and a permanent loan
  • One closing and one set of closing costs
  • Offers interest only payments during the construction period
  • Flexible construction terms available

*Construction Loan 95% LTV: Interest rate: 6.000% and Annual Percentage Rate (APR): 6.043% as of May 25, 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 $2,697.98 with 0.00 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. This is not a loan commitment. Not all programs available in all states.