Purchasing a home that needs renovations or making updates to your current home?

Let Northpointe Bank make it simple with one loan and one low rate for a home that’s uniquely yours.

How does a renovation loan work? (It's simpler than you think)

From cosmetic fixes to larger renovations, Northpointe Bank offers several programs to help get the job done

Streamlined renovation
Great for remodeling a kitchen or bath, updating windows, or replacing a roof. Include up to 15% of the as-completed appraised value in your home loan for renovations.

Homestyle renovation
Ideal for small additions or a complete home remodel. This one-time close option allows for up to 11 months to complete work. Include up to 75% of the as-completed appraised value in your home loan for renovations.

Construction & renovation
Gutting an entire house or adding a major addition? Northpointe Bank’s construction loan offers one loan, one low rate, and one set of closing costs.

FHA 203(k)*
Finance renovation costs based on future improved value with one low-cost loan. Low down payment as little as 3.5% and up to six months to complete renovations.

*An approved FHA consultant must be used for this program. For FHA 203(k) purchase transactions the maximum loan amount is the lesser of the sales price + renovation costs or 110% of the after improved value, times the maximum loan-to-value. Loan amount must be within FHA county loan limits. **The FHA 203K 30-year fixed Annual percentage rate (APR) is 4.116% and based on a note rate of 4.000% with zero points and $716.12 principal and interest payments. Example based on a purchase transaction of an owner-occupied single-family residence in Grand Rapids, MI, with a loan amount of $150,000, credit score of 740, down payment of 3.5% with tax and insurance escrows. Payment amount shown does not include taxes and insurance premiums. The actual payment amount will be greater. Interest rates as of December 30, 2021 and subject to change without notice. APR is for illustrative purposes only and your interest rate may vary. This is not a commitment to lend. All loans are subject to credit review and approval. Above programs not available in every state.

Projects & properties

Get started on fixing up a home today