Purchase your next home with as little as 1% down with the ONE+ loan program.
With the ONE+ loan program from Northpointe Bank, we offer a solution to help alleviate the burden of a hefty down payment. Eligible borrowers can now put down just 1%, with the lender covering the additional 2%, allowing you to enjoy the benefits of a 3% down payment.* Buying a home might be more achievable than you think!
Who is eligible?
- First-time home buyers and repeat home buyers who have not owned a home in the last 3 years
- Borrowers who make less than or equal to 90% of the area median income (AMI) of the location they’re buying in
- 620 minimum credit score
- Available for loan amounts up to $350,000
*Borrower will be required to pay a 1% down payment, with the ability to pay a maximum of 3%, and the lender will cover an additional 2% of
the borrower’s purchase price as a down payment, or $2,000. Maximum grant amount is $7,000. Offer valid on primary residence, conventional
loan products only. Maximum loan amount of $350,000. Cost of mortgage insurance premium passed through to borrower effective January 2,
2024. Offer valid only for home buyers when qualifying income is less than or equal to 80% area median income based on county where
property is located. Not available with any other discounts or promotions and cannot be retroactiely applied to previously closed loans or loans
that have a locked rate. All loans are subject to credit review and approval. This is not a commitment to lend. Northpointe Bank reserves the
right to cancel/modify this offer at any time. Other terms and conditions may apply.
