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NASB offers conforming, FHA, VA, jumbo, non-QM, and IRA non-recourse loans.
North American Savings Bank/Insider
The bottom line: NASB Mortgages is a flexible and affordable mortgage lender. It’s a particularly good choice for those looking for a non-qualifying mortgage, such as a bank statement or 1099 loan. But if you value an in-person process, this might not be the right lender for you unless you live near one of its 12 Missouri branches.
Overall lender rating
FeatureInsider rating (out of 5)Loan types4.5Affordability4.5Customer satisfaction5Trustworthiness5Total4.75
Pros and cons
ProsCons
Choose from a wide variety of non-qualifying mortgage (non-QM) options
Flexible approval requirements, including mortgages for people with recent bankruptcies
See personalized mortgage rates online
Has only a handful of physical branch locations in MissouriDoesn’t offer USDA loans, home equity loans, or HELOCs
NASB mortgage interest rates and fees
You can view sample mortgage rates for 15-, 20-, and 30-year conforming mortgages and 30-year FHA mortgages on NASB’s website.
NASB also provides a convenient tool that allows you to input some basic information about your credit and the home you’re purchasing to see customized rates. This can help you get an idea of how much you might pay based on your loan amount, down payment, and credit score.
The rate tool also provides an estimate of what you might pay in fees on your mortgage. However, NASB doesn’t disclose what types of lender fees it charges or how much it charges for those fees.
Compare to other mortgage lenders
NASB vs. Chase mortgages
North American Savings Bank
Chase
Chase
Types of mortgages
Conforming, FHA, VA, jumbo, non-QM, IRA non-recourse loan
Types of mortgages
Conforming, jumbo, FHA, VA, Chase DreaMaker
Standout feature
Non-QM loans
Standout feature
DreaMaker mortgage
NASB MortgagesChase Mortgage
Chase is a good option for borrowers looking for affordable loan products thanks to the homebuying grants it offers. It also has the DreaMaker mortgage, which allows a minimum of 3% down with reduced PMI and less stringent credit requirements.
If you need to use non-traditional forms of documentation to qualify for a mortgage or you have negative events on your credit report, NASB’s non-QM options will likely be a better fit for you.
NASB vs. Bank of America mortgages
North American Savings Bank
Bank of America
Types of mortgages
Conforming, FHA, VA, jumbo, non-QM, IRA non-recourse loan
Types of mortgages
Conforming, jumbo, FHA, VA, HELOC
Standout feature
Non-QM loans
Standout feature
Community Affordable Loan Solution
NASB MortgagesBank of America Mortgage
NASB and Bank of America have similar loan offerings. Buth if you want a HELOC, Bank of America is the obvious winner, since NASB doesn’t have any home equity options.
Bank of America also has an affordable loan product called its Community Affordable Loan Solution, which is geared toward low-income borrowers in a handful of historically Black and Hispanic neighborhoods throughout the country. But NASB could still be the better choice if you’re a non-traditional borrower.
How NASB mortgages work
NASB is a bank based in Kansas City, Missouri. If you live near one of its 12 branches or loan offices in Missouri, you can start the mortgage process in-person. Otherwise, you can talk to a loan officer over the phone or apply online. NASB lends in all 50 states and Washington, DC.
With NASB, borrowers can get a conforming, FHA, VA, jumbo, non-QM, or IRA non-recourse loans. NASB’s IRA non-recourse loan lets borrowers use their self-directed IRA to purchase property.
Its non-QM loan options include:
Bank statements loans for self-employed borrowers who want to use their bank statements, rather than tax returns, to show incomeFLEX loans, which allow non-traditional sources of income and have shorter waiting periods following bankruptcy or foreclosurePortfolio loans for borrowers with a bankruptcy that’s at least two years old or a foreclosure that’s at least four years oldBridge loans so you can buy a new house before you’ve sold your current oneAsset depletion loans that let borrowers use their assets to qualifyMortgages for self-employed borrowers or independent contractors who need to use 1099s to show incomeMortgages for real estate investors, including debt service coverage ratio (DSCR) loans that use investment property cash flow to qualify the borrowerNon-warrantable condo loans to purchase a condo that doesn’t meet conventional guidelines
Is NASB a reputable lender?
NASB currently has an A+ rating from the Better Business Bureau. A strong BBB grade indicates a company responds to customer complaints effectively and is transparent about business practices. This lender also has no recent public scandals.
On its Zillow lender page, NASB has a 4.96 out of 5-star rating based on 1,557 customer reviews.
NASB FAQ
Is NASB a real bank?
Yes, NASB is a real bank based in Kansas City, Missouri. In addition to its mortgage lending, it also offers traditional banking services, including checking and savings accounts.
Does NASB sell mortgages?
NASB offers a wide variety of mortgages, including conforming, FHA, VA, jumbo, non-QM, and IRA non-recourse loans. It has non-QM options for self-employed borrowers, real estate investors, those with rocky credit histories, and more.
Is NASB a good company?
NASB has an A+ rating from the BBB and a lot of positive online customer reviews. It’s an overall reputable company; however, if you’re considering getting a mortgage with this lender, it’s a good idea to shop around with multiple lenders. That way, you can see what kind of deal NASB can offer you and determine if it’s the best fit for you.