Northpointe Bank ONE+ Loan Program

Northpointe Bank ONE+ Loan Program is a grant for homebuyers in Statewide, California. 1% borrower + 2% lender = 3% down conventional. HomeReady or Home Possible compatible. Borrower puts down 1%, Northpointe Bank contributes 2% — total 3% down on Fannie Mae HomeReady or Freddie Mac Home Possible. No PMI in some scenarios. This is a nationwide program, so it is available beyond a single state or city. Funding comes from Northpointe Bank.

Northpointe Bank ONE+ Loan Program is structured as a grant, so it is not repaid. Repayment is triggered by none (grant). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Northpointe Bank ONE+ Loan Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required, through Required - HUD-approved. Sourced via Homebuyer Wallet (NAT260049). Income at or below 80% AMI. Must be first-time homebuyer (3-year lookback). Pairs with HomeReady or Home Possible.

Northpointe Bank ONE+ Loan Program sets its income limit as follows: At or below 80% area median income. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Northpointe Bank ONE+ Loan Program can be used for Single-family, Condo, Townhouse.

Northpointe Bank ONE+ Loan Program is a nationwide program, so it is not limited to one state.

Applications for Northpointe Bank ONE+ Loan Program go through the administering agency. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.