Residential Lending

A home is more than just a building, it's a beginning.

Whether you're looking to buy your first home, a new home or want to tap into the equity in your current home, we're here to help you get started.

The Northern Bank difference.

There's nothing like the feeling of owning your own home. At Northern Bank, we get that. That's why we do everything we can to make the process of financing or refinancing your home as simple and straightforward as possible. Our seasoned mortgage specialists are here to provide the personalized service you deserve with the creative mortgage solutions and fast, easy closing you need to be successful in today's challenging market.

Mortgage Type

The right financing solutions for all your homeownership goals.

Find your dream home.

Upsizing, downsizing, or just starting out? Wherever you are in life and whatever type of home mortgage you need, Northern Bank can help you find the right solution. We provide a variety of mortgage types to meet your unique goals.

SPEAK WITH A RESIDENTIAL MORTGAGE SPECIALIST

Lower your monthly payments.

Are current interest rates lower than you are paying? Refinancing your mortgage with Northern Bank can help you reduce your monthly payments, shorten your loan term or allow you to access some of the equity in your home.

SPEAK WITH A RESIDENTIAL MORTGAGE SPECIALIST

Tap into your home equity.

Need funds for major expenses like college tuition or home remodeling? Northern Bank’s Home Equity Line of Credit (HELOC) program allows you to borrow funds, as you need them, against the equity you have in your home to pay for those expenses.

SPEAK WITH A RESIDENTIAL MORTGAGE SPECIALIST

Explore mortgage options.

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

It takes a team.

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.