Apply for our Rate Refresh
Purchase the home you love now with a Northpointe loan and if rates drop after you close, Northpointe’s Rate Refresh program may help you save time and money refinancing in the future.* So go ahead, buy the house you love today, and apply to refresh your rate down the road.
*See program details for savings and eligibility.
Features:
With Northpointe's Rate Refresh, we will waive the cost of one appraisal, the credit report, flood insurance certification, tax service fees, and your deed and mortgage recording fees when you return to us for refinancing.*
- Available for owner-occupied primary residences
- Eligible to apply 120 days from your closing date up to 3 years
- Provided as a rate/term refinance or cash-out refinance of a prior Northpointe Bank purchase loan
- Enjoy Northpointe's Day One Underwriting so your loan is underwritten upfront to avoid any last minute surprises
*Rate Refresh program details:
Northpointe Bank Rate Refresh offers reduced closing costs if you decide to refinance the loan used to purchase your primary home now.
- Offer is limited to borrowers who financed their primary home purchase with a Northpointe Bank loan and had a purchase closing date any time during December 2022 or calendar year 2023 (the “Eligible Closing Period”).
- To qualify, borrowers must submit a completed loan application at least 120 days after the purchase closing date but no later than three years after the purchase closing date (“Eligible Application Period”).
- Rate Refresh is not a preapproval, prequalification, or guarantee that you will be approved in the future for a loan with a lower interest rate or more favorable terms.
- Even if interest rates fall, Northpointe Bank may not be able to approve a Rate Refresh if there is not a tangible net benefit to refinance as required by applicable laws and regulations.
- Rate Refresh can only be used to apply for a fixed or adjustable-rate conventional, conforming loan, or a FHA, VA, or Rural Development loan.
- The refinance loan must be on the same subject property as the original purchase loan.
- If approved, Northpointe Bank will waive the following closing costs: first appraisal fee if applicable, the credit report, tax certification, mortgage and deed recording fee, flood certification and life of loan fee.
- This offer may not be redeemed for cash or credit and is nontransferable.
- Offer may not be used with any other discounts, promotions or second lien products.
- Offer is subject to changes or cancellation without notice. Additional restrictions/conditions may apply. This is not a commitment to lend and is contingent on qualification per full underwriting guidelines.
*Rate Refresh is available to borrowers who obtained a home purchase loan from Northpointe Bank which closed during the Eligible Closing Period. Refinance loan must be on the same subject property as the original Northpointe home purchase loan. To qualify, borrowers must submit a completed loan application during the Eligible Application Period. If the loan is approved, Northpointe Bank will waive the following closing costs: first appraisal fees, credit report, flood insurance certification, tax service fees, and your recording fees. Rate Refresh is not a preapproval, prequalification, or guarantee that you will be approved in the future for a loan with a lower interest rate or more favorable terms. Even if interest rates fall, Northpointe Bank may not be able to approve a Rate Refresh if there is not a tangible net benefit to refinance as required by applicable laws and regulations. This offer cannot be combined with any other reduced cost offers from Northpointe,. This is not a commitment to lend. All loans are subject to credit review and approval. This offer may not be redeemed for cash or credit and is nontransferable. Offer is subject to change or cancellation without notice. Additional restrictions/conditions may apply.
