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Review Summary: NASB Bank is both a lender and a full-service bank based out of Kansas City, Missouri. It has a deep offering of loan options as well as several mortgage programs for those who are looking to save some money on their loan.
Recommended for: NASB Bank is a great pick for military members as it has closed more than 41,000 VA loans since 2010.
Free eBook for first time home buyers
Online banking and mobile app
Offices in Missouri only
Not all loans and loan programs are available nationwide
No USDA loans
|Consumer Review Platform||Rating|
|Better Business Bureau (BBB)||A+ Rating; 1.8/5 Stars with 15 Reviews|
|Consumer Affairs||4.0/5 Stars with 203 Reviews|
|Trustpilot||2.6/5 Stars with 10 Reviews|
If you’re thinking of taking out a mortgage, you might be wondering what kind of options are available to you. NASB Bank offers a variety of mortgages that can suit different situations.
NASB Bank is both a mortgage lender and a full-service bank. It has closed more than 100,000 home loans since 2010 totaling more than $30 billion.
NASB has a very thorough offering of mortgage loans and mortgage programs for those who are in unique circumstances.
NASB specializes in helping veterans obtain home loans. It has helped more than 41,000 veterans close on their homes since 2010. The veteran home loans totaled more than $14 billion.
NASB offers the following mortgage loans:
It also offers the following banking services:
NASB bank also has several mortgage programs borrowers may qualify for, including:
NASB recommends that you begin the home buying process by getting pre-approved for a home loan.
The pre-approval process will take into account how much you have for a down payment, your credit score, income, and any other factors that are unique to you.
NASB also recommends applying to at least three mortgage lenders, which will give you an opportunity to evaluate the rates and the terms of each lender so you can choose the one that’s the best fit for you.
If you are already pre-approved for a loan, both realtors and sellers will be more willing to work with you because they will see you as a serious buyer.
Shop for Your Home and Make an Offer
By getting pre-approved, you will know how much home you can afford. In this step, you will start shopping for a home that is within your price range.
Once you find a home that you like and is within your price range, you will make an offer with the help of your realtor.
Once the seller accepts your offer, you and the seller will sign a purchase agreement.
Finalize the Loan
This is when the loan application process really begins. This is what you can expect:
The mortgage rates and fees are easy to find on NASB Bank’s website. This information is updated daily.
NASB Bank’s interest rates are comparable with other lenders.
Borrowers who live in Missouri may qualify for the Good Neighbor Program that waives NASB’s lender fees.
Lender fees will be waived for VA loans.
NASB offers to pay $1,000 in closing fees through its On-Time Closing Guarantee program, if a loan closes late and NASB is responsible for the delay.
NASB Bank originally went by the name City Building and Loan Association until 1927 when the name was changed to North America Savings Association (NASA). The name was changed again in 1990 to North American Savings Bank (NASB).
It is now headquartered in Kansas City, Missouri, and it has more than $2 billion in assets.
NASB Bank is a full-service bank and a top mortgage lender in the country.
NASB has offices in the following locations (all in Missouri):
Last updated: 9/1/23
Mortgage companies are evaluated based on six factors that we believe are important for consumers: years in business, number of products offered, customer service availability, state licensing footprint, Better Business Bureau (BBB) Ratings, and the inclusion of a mobile application. Please find a full description of our ratings system here.
This information is intended to be general and educational in nature and should not be construed as financial advice. Consult your financial advisor before implementing financial strategies for your retirement.
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