NASB Mortgage Overview and Review

North American Savings Bank (NASB) is making waves in the mortgage lending industry with its flexible and affordable offerings. The bank, based in Kansas City, Missouri, is gaining attention for its non-qualifying mortgage options, such as bank statement loans and 1099 loans. However, potential borrowers should note that NASB’s in-person process may not be suitable for those who do not live near one of its Missouri branches.

NASB offers a wide range of mortgage options, including conforming, FHA, VA, jumbo, non-QM, and IRA non-recourse loans. The bank’s non-QM loan options cater to non-traditional borrowers, such as self-employed individuals, real estate investors, and those with recent negative credit events. NASB also partners with local programs to offer homebuyer assistance and discounts to eligible borrowers.

In terms of interest rates and fees, NASB’s mortgage rates are slightly higher than average, but the bank provides a tool for borrowers to customize rates based on their credit and home purchase details. Additionally, NASB’s origination charges are relatively low compared to other lenders.

Overall, NASB receives high ratings for its loan types, affordability, customer satisfaction, and trustworthiness. The bank’s range of non-QM options, affordable fees, positive customer reviews, and A+ rating from the Better Business Bureau make it a reputable choice for borrowers.

If you’re considering NASB for your mortgage needs, it’s recommended to compare offers from multiple lenders to ensure you’re getting the best deal. Additionally, if you’re a non-traditional borrower in need of non-QM loans, NASB’s diverse offerings and excellent customer service may make it the right fit for you.