Life: Mortgage
Home is where life happens. We're here to get you started.
The Northern Bank difference.
First time homebuyer? Buying a new home or looking to refinance? Want to tap into the equity in your home? Our veteran team of mortgage specialists combine the personalized service you deserve with the creative mortgage solutions and fast, easy closings you need.*
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Subject to credit approval.
Mortgages Available
FIXED RATE MORTGAGE
If you plan to stay in your new home for the long term or prefer the certainty of monthly payments that won't change during the life of the loan, a fixed rate mortgage may be the best option for you.
- Constant interest rate for the life of the loan
- Variable term options
- Consistent payment amount makes budgeting easy for homeowners
ADJUSTABLE RATE MORTGAGE (ARM)
If your priority is minimizing your monthly payment or you plan to move or refinance within five years, an ARM may be the best option for you.
- Interest rate fluctuates over the course of the loan
- Initial interest rate is set below the market rate on a comparable fixed-rate loan
- The rate rises (or possibly lowers) as time goes on
JUMBO LOANS
If you need a mortgage greater than $484,350, you may need to look at a Jumbo Loan. Jumbo mortgages are similar to regular fixed or adjustable rate mortgages, but may have:
- Slightly different interest rates
- Different requirements in terms of down payments
- Different requirements in terms of qualifying credit scores
SPECIAL SITUATION MORTGAGES
Thanks to Northern Bank's ability to hold mortgages in our portfolio, we can often be more flexible than many other lenders when parts of your application don't fit the standard industry criteria. Non-traditional situations we can consider include:
- Non-Conforming Condominium Financing
- Trust and LLC mortgages
- Vacation and Seasonal Property mortgages
My loan officer, Donna, at Northern Bank was always available for questions via text, phone calls, emails, whenever I needed her, she was so responsive. There were times when I didn't know what a certain number meant or why I was signing a document and she walked me through everything. I felt much more comfortable knowing she was behind the scenes reviewing all the mortgage paperwork.
Risa F.
First-Time Homebuyer
Ready to take the next step? We’re here to help!
Contact our Team to learn more about how Northern Bank can help you realize your goals and dreams.