NASB Mortgage Review 2024

Good for: borrowers seeking jumbo loans or non-QM loans, such as bank statement loans.
Last updated on January 31, 2024
Written by 
Content Management Specialist
Johanna Arnone
Edited by 
Fact Checked
Assistant Assigning Editor
Fact Checked
Taylor Getler
Co-written by 
Phil Metzger
Written by 
Content Management Specialist
Johanna Arnone
Edited by 
Fact Checked
Assistant Assigning Editor
Fact Checked

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Our Take


Jumbo loans
NerdWallet rating
The Nerdy headline:

While NASB technically offers conventional loans, FHA loans and VA loans, its focus is on loans for borrowers who don’t meet traditional lending guidelines. These include jumbo loans and investment property loans as well as bank statement loans. Despite limited loan options, the bank stands out for easy-to-browse rates and a reasonably convenient online application process.

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NASB: NMLS#400039

Min. credit score
Min. down payment
Loan types and products
Purchase, Refinance, Jumbo, Fixed, Adjustable


  • Sample mortgage rates are customizable.
  • Offers nontraditional mortgage products that may be difficult to find elsewhere, such as 1099 loans and bank statement loans for self-employed borrowers.


  • NASB has limited the scale of its conventional and government loan lending.
  • Branch locations are limited to the greater Kansas City, Missouri area.
  • Does not offer home equity products, renovation loans or construction loans.
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Full Review

NASB’s mortgage loan options

  • 3 of 5 stars

NASB focuses primarily on non-QM loans and other mortgages for borrowers who are self-employed, purchasing investment property, or who otherwise wouldn’t meet typical lending criteria.

Options include nonconforming jumbo loans, bank statement loans, 1099 loans, asset-based loans, debt service coverage ratio (DSCR) loans, non-warrantable condo loans and bridge loans.

Renovation loans and home equity products are not available.

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What it’s like to apply for a NASB mortgage

  • 4 of 5 stars

Borrowers can complete an application online. Borrowers who wish to speak to an agent can call the number listed on the lender’s site. The live chat feature on the bank’s website is not available to home loan borrowers. NASB's mobile app primarily serves banking customers.

For borrowers who prefer an in-person experience, all three of NASB’s mortgage loan offices are located in Kansas City, Missouri.

NASB’s mortgage rates and fees

  • 3 of 5 stars

  • NASB earns 3 of 5 stars for average origination fee.

  • NASB earns 3 of 5 stars for average mortgage interest rates.

NerdWallet analyzes federal data to compare mortgage lenders’ origination fees and offered mortgage rates. We measure annual averages across all loan types, as reported by the lenders. NASB has typical interest rates and origination fees relative to industry competitors.

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’s mortgage rate transparency

  • 5 of 5 stars

NASB’s website provides a useful tool for getting customized mortgage rates based on the home’s purchase price and location, as well as the borrower’s credit score and down payment.

What borrowers say about NASB mortgages

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 rating reflects more than 1,590 customer reviews.

Alternatives to a home loan from NASB

First-time home buyers may consider PNC Bank, while self-employed borrowers looking for bank statement loans can also find them at CrossCountry.

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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).

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