NASB Mortgage Review 2023

Good for: borrowers seeking jumbo loans and other home loans that require flexible guidelines.
By Phil Metzger 

Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners.

Our Take


NerdWallet rating 

The bottom line:

NASB says it will no longer offer conventional or government-backed loans, such as FHA and VA loans, to new borrowers. Jumbo loans, options for borrowers who are self-employed and some other nonstandard mortgages are available.

NASB: NMLS#400039
Min. credit score
Min. down payment
Loan types and products
Purchase, Refinance, Jumbo, Fixed, Adjustable

Pros & Cons


  • Offers jumbo loans and a mortgage tailored to self-employed borrowers.
  • Offers low rates and fees compared with other lenders, according to the latest federal data.


  • No longer offers conventional or government-backed loans.
  • Doesn't offer home improvement mortgages.
  • Doesn't offer home equity loans or lines of credit.

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Full Review

North American Savings Bank, or NASB, announced in January 2023 that it will stop offering home buyers conventional and government-backed loans. Borrowers with mortgage applications already in progress will not be affected, the lender says. Borrowers who make mortgage payments to NASB will continue to do so. 

Previously, NASB offered conventional and government-backed loans, including VA and FHA loans, for purchasing or refinancing a home. VA loans represented almost a quarter of NASB’s mortgage business in 2021, according to the most recently available federal data. 

What borrowers say about NASB mortgage

NerdWallet’s lender star ratings assess objective qualities, including rates, fees and loan offerings. To assess borrowers’ subjective experiences with lenders, NerdWallet has gathered customer satisfaction ratings from Zillow.

  • NASB receives a customer rating of 4.96 out of 5 on Zillow, as of the date of publication. The score reflects more than 1,580 customer reviews.

NASB mortgage variety of loan types

  • 4 of 5 stars

The lender offers jumbo loans for purchasing or refinancing a home.

NASB offers other nonconforming loans, which have higher loan limits and more flexible underwriting guidelines than most mortgages. One loan is tailored to self-employed borrowers, allowing them to show income through bank statements instead of tax returns or pay stubs.

There's also a special option for investors. The IRA non-recourse loan lets a borrower with a self-directed individual retirement account use money from the IRA to purchase an investment property. If the borrower defaults and the home is foreclosed, the IRA is protected from the creditor; only the house is collateral. Non-recourse loans are for investment purposes only — the property can't be the borrower's primary residence.

In addition, the lender has programs designed to help low- to moderate-income borrowers — especially those in Kansas and Missouri — buy a home.

NASB doesn't offer home equity loans or lines of credit.

NASB mortgage ease of application

  • 5 of 5 stars

You can apply for a mortgage through the NASB website. The digital application lets you upload documents, sign electronically and track the loan process online. The website also provides a directory of loan officers with their profiles and contact information.

In-person assistance is limited to the Kansas City, Missouri, area, where the lender is headquartered and has three loan offices.

NASB mortgage rates and fees

  • 4.5 of 5 stars

  • NASB mortgage earns 4 of 5 stars for average origination fee.

  • NASB mortgage earns 5 of 5 stars for average mortgage interest rates.

Borrowers should consider the balance between lender fees and mortgage rates. While it's not always the case, paying upfront fees can lower your mortgage interest rate. Some lenders will charge higher upfront fees to lower their advertised interest rate and make it more attractive. Some lenders just charge higher upfront fees.

NASB mortgage rate transparency

  • 1 of 5 stars

NASB does not display sample rates on its website. You’ll have to contact the lender for current mortgage and refinance rates.

Alternatives to NASB mortgage

Here are some comparable lenders we review that borrowers can consider. 

PNC Bank offers jumbo loans, and Pennymac offers options for first-time home buyers.

Getting ready to buy a home? We’ll find you a highly rated lender in just a few minutes.

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More from NerdWallet


NerdWallet’s overall ratings for mortgage lenders are evaluated based on four major categories: variety of loan types (purchase, refinance, fixed and adjustable, for example), ease of application, rates and fees and rate transparency. Among the factors we consider when scoring these categories are options to apply for and track loans online, the level of detail about mortgage rates on lender websites and our analysis of the rates and fees lenders reported in the latest available Home Mortgage Disclosure Act data. These scores generate ratings from 1 star (poor) to 5 stars (excellent).