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.*

Get a Custom Quote

It only takes 30 seconds to answer these few questions and then we will be in touch to provide you with a custom quote.

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

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.