In addition to traditional brick-and-mortar locations, online banking services, digital wallets, and a mobile app are all available from North American Savings Bank (NASB), a medium-sized Kansas City bank.

Deposits in certificates of deposit, savings accounts, and money market accounts all earn above-average interest rates. High-interest rates are available but often demand a minimum amount. Certain bank accounts are only available in person at a Kansas City location, while others may be created from anywhere with internet access.

Mortgage Rates and Fees

Mortgage rates and fees from the NASB The National Association of Mortgage Brokers (NASB) provides examples of mortgage rates for loans with terms of 15, 20, and 30 years and for loans insured by the Federal Housing Administration (FHA) for the same term.

You may get personalized mortgage rates from NASB using a simple tool that requires basic information about your credit and the house you're buying. You may use this to estimate your monthly payments if you know the loan amount, down payment, and credit score.

The possible mortgage closing costs are also estimated by the rate tool. Yet NASB doesn't reveal the fees it charges lenders or the amounts of those costs.

Top Perks

Home Loans For Various Scenarios

The fact that they can find a suitable house loan for any applicant is the lender's strongest suit. SBA provides various home loan alternatives, including those less common than conventional, FHA, or jumbo loans. Check it out.

No-Down-Payment Mortgage

The Zero Down Home Loan program is a mortgage option provided by NASB. A property can be purchased with no money down for approved applicants. There are no requirements concerning your income level or whether or not this is your first time purchasing a house. You must put down at least 1% of the total amount to complete the transaction.

Subprime Mortgage Lending

Borrowers who do not fulfill conforming loan requirements, such as those with a recent bankruptcy or a significant change in employment, may qualify for a loan under NASB's non-conforming loan program.

Borrowers who are self-employed and have been in business for at least a year may also benefit from this plan. The waiting time for a NASB FLEX loan is far less than that for a conforming loan following bankruptcy or foreclosure. According to NASB, you can use almost any asset you own as a kind of income toward repaying the loan.

Self-Employed Mortgage

Borrowers who want to prove their income with bank statements rather than W-2s and tax returns can apply for the NASB Bank Statement mortgage, a stated income loan. Cash-rich self-employed borrowers whose taxable income is too low to qualify for a conventional mortgage might benefit greatly from this scheme. This can occur, for example, when business owners claim valid deductions to lower their taxable income.

Compared to Other Mortgage Companies

NASB vs. Chase mortgages

Chase's homebuying incentives make it a viable alternative for consumers searching for low-interest loan packages. Also available is the DreaMaker mortgage, which has a lower down payment, PMI requirements, and looser credit standards. NASB's non-QM solutions are more likely to suit your needs if you need to provide unconventional documents to get a mortgage or have bad events on your credit record.

NASB vs. Bank of America mortgages

When comparing NASB and Bank of America, you'll find that their loan products are comparable. But, Bank of America is the clear victor for home equity lines of credit (HELOCs), while NASB does not provide such products.

Community Affordable Lending Solution is a program offered by Bank of America that targets low-income borrowers in a small number of predominantly Black and Hispanic communities nationwide. However, if you're not a typical borrower, NASB may be your best option.

The Operation of NASB Mortgages

Kansas City, Missouri, is home to NASB, a financial institution. Mortgage applications can be submitted in person at any of its 12 locations around Missouri. If something else works better for you, you may always apply for a loan over the phone or online.

A loan from NASB can be used anywhere in the United States, including the District of Columbia. Borrowers can acquire a non-recourse loan for their IRA or a conforming FHA, VA, jumbo, or non-QM loan with NASB. Borrowers can utilize their self-directed IRA funds to make a real estate acquisition with the help of a non-recourse loan from NASB.

Are Loans From NASB Dependable?

The BBB rating for NASB is A+. A high BBB rating shows that a firm is responsive to consumer concerns and open about its operations. There have been no well-publicized incidents involving this financial institution recently, either.