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Mortgage Products

Conventional Mortgages

Our experienced lenders provide quick service, fast approval, and offer low closing costs on your home mortgage. You can choose which home mortgage is right for you with our various term fixed rate mortgages. Our Conventional Mortgages have no prepayment penalties and are approved in-house. You will receive local servicing on your home mortgage.

New Construction Loans

You may choose to build your dream home. Our New Construction Loans begin with a 9 month Interest-Only Loan. When your new home is complete, our lenders will convert the Interest-Only Loan to a Conventional Mortgage with options that are the best fit for you.


MSHDA Loans were implemented by the State of Michigan to allow low-moderate income consumers the chance at owning their own home. 100% financing is available on this below market 30-year fixed interest rate home loan. There are no prepayment penalties. You must meet income requirements to be able to apply for the MSHDA Loan. Find out if this loan is right for you. Talk to one of our helpful, friendly lending professionals for details.

Home Equity & Home Improvement Loans

Home Equity Loans allow you to take advantage of your home's equity without having to sell or refinance your home. We offer Home Equity Loans and Lines of Credit to help finance your dream, whether it's buying a boat or remodeling your home. Northern Michigan Bank & Trust offers competitive rates, a variety of repayment options, no prepayment penalties, and low closing costs along with local decision making. The interest on your Home Equity Loan may be tax deductible.*

*Consult a tax advisor for information on deductibility.

Second Mortgages

If you have a child who is going off to college or you need help consolidating bill or debts, a Second Mortgage might be just what you're looking for. Second Mortgages are used for large expenditures that may be difficult to finance. This type of loan offers convenient, fixed rate, or Balloon terms.

Balloon Loans

Since the Balloon Loan does not fully amortize during the contract term, the Balloon payment is required to repay the remaining balance, if any, at the end of the contracted term. At the end of the term, if the remaining balance is such that the borrower cannot make the required payment, a reset option if available that allows for a resetting of the interest rate (current at that time), and a recalculation of the amortized schedule. If the Balloon does not have the reset option, it is expected that the borrower will sell the property or refinance the loan before the end of the original loan term.

Contact a Mortgage Lender

For an online application visit our Mortgage Center

Download Our Application

Interactive Mortgage Loan Application (See NOTE Below) Interactive Mortgage Loan Application (See NOTE Below) (369 KB)

Mortgage Application Mortgage Application (254 KB)

NOTE: Interactive PDFs allow you to complete certain editable areas within PDF documents. You will need, at minimum, Adobe® Reader® software to print your completed document.

To save your interactive PDF, you must use Adobe Reader Version 7.0 or higher or the full version of Adobe Acrobat® Standard or Professional.

Download a free copy of Adobe Reader

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