With low home inventory and a high cash offer market, delayed financing may be a great strategy for you.

Northpointe Bank's delayed financing provides eligible borrowers a competitive advantage of buying a home with cash reserves and then replenishing your funds by refinancing after closing.

Program features

  • Take cash out immediately with a refinance
  • The purchase transaction must be between two independent parties in which both parties are acting in their own self-interest (cannot be family members, friends, business partners, etc.)
  • The total amount of the home loan cannot exceed the purchase price plus closing costs, prepaid fees, and points.
  • Documentation must be provided for the initial source of cash used for purchase
  • Gift letter declaring no repayment required if funds provided by a third party
  • Eligible property must be free of liens

Combine this feature with one of our custom-tailored home loan programs