From land to dream home
Northpointe Bank can help you every step of the way, from buying your lot through construction. Purchase your desired lot today while you design your home. Equity in the lot may be considered in future construction financing.
Program features
Land must be buildable
Loan amounts $10,000-$650,000
1/6, 3/6, 5/6, and 7/6 ARMs available
As little as 20% down*
*Interest rates as of August 2, 2022 and subject to change without notice. Annual percentage rate (APR) based on an owner-occupied single-family residence, credit score of 740, and a 1-year adjustable-rate loan with tax and insurance escrows. After the first year, your interest rate can change every six months and is subject to an initial interest rate cap of 2.00%, an annual rate cap of 1.00% and a lifetime cap of 5.00%. The Vacant Land loan amount of $150,000, 80% LTV, APR is 5.842% and based on a note rate of 7.875% with 0 points and $1,087.60 principal and interest payments. At the first adjustment, the interest rate cannot increase above 9.875% or decrease below 3.875%. If the interest rate reached the lifetime maximum cap of 12.875% your payment would be $1,644.66. Payment amounts shown does not include taxes and insurance premiums. The actual payment amounts will be greater. Actual payment amounts will vary after the first year based on changes in the index. Maximum loan-to-value ratios, loan amount and product terms may change without notice. Not available in all states. This is not a commitment to lend. All loans are subject to credit review and approval.
