The listings featured on this site are from companies from which this site receives compensation. This influences where, how and in what order such listings appear on this site.

NASB Review

Find a customized quote easily

Reviews 6

This site is a free online resource that strives to offer helpful content and comparison features to our visitors. We accept advertising compensation from companies that appear on the site, which impacts the location and order in which brands (and/or their products) are presented, and also impacts the score that is assigned to it. Company listings on this page DO NOT imply endorsement. We do not feature all providers on the market. Except as expressly set forth in our Terms of Use, all representations and warranties regarding the information presented on this page are disclaimed. The information, including pricing, which appears on this site is subject to change at any time.

BestMoney Staff
Bestmoney Staff
Jun. 18, 20214 min read

NASB summary

North American Savings Bank offers a unique range of mortgage products including fixed-rate and adjustable conventional loans, FHA loans, VA loans, refinances, and a unique financing program for the purchase of rental real estate with an IRA.


  • Large selection of products
  • Caters to unique situations
  • Entire application done online


  • Charges payment fees to non-NASB accounts
  • No physical branches outside Missouri
NASBat a glance

Editorial score

NASB at a Glance

Loan Types

Home purchase, refinance

Featured Loans

VA, Jumbo, FHA, IRA lending, USDA

Repayment Terms

10 to 30 years

Minimum down payment


Minimum credit score


Suitable for

Investors, military personnel, first-time homebuyers


NASB was founded in Kansas City, Missouri in 1927, and continues to offer loans through 11 branches in Missouri and through its online portal to borrowers from around the United States.

Suitable for?

NASB specializes in tailoring mortgages to the following types of borrowers:

  • Active and former military personnel and their relatives can apply for a VA loan.

  • Anyone who has at least 30-40% of the purchase price vested in a self-directed IRA can apply to buy a rental property with an IRA non-recourse loan.

  • People with poor credit or other tough financial circumstances can apply through NASB for an FHA loan or for a non-conforming loan.

Loan Features

North American Savings Bank offers conventional and non-conventional loans to suit different personal and financial circumstances. Customers benefit from the following features:

  • No origination fees for certain loan types (such as VA and FHA loans), although there is a 1% origination fee for other types (such as IRA non-recourse loan).

  • No lender fees for certain loan types.

  • In-house processing and fast closing times.

  • Dedicated loan officer who can tailor your loan to your situation.

  • Online application for residents of all 50 states, or in-branch application for Missouri residents.

The Application Process

North American Savings Bank

The application process varies between the different types of loans. As a general rule, NASB is quicker to approve borrowers than the average lender. Pre-qualifying can be done online or over the phone, and usually takes just a few minutes. For a conventional loan, NASB will then ask you for the following in order to decide if it can offer you a loan:

  • Copy of driver’s license, passport, or state ID card.

  • Pay stubs for most recent 30-day pay period.

  • Bank statements for past 2 months

  • W-2 IRS forms for last 2 years.

  • Purchase agreement for the home you are buying.

  • Copy of cleared deposit check.

  • Contact information of title company handling settlement, if not in contract.

  • Contract information of homeowner’s insurance company.

  • E-signature on loan application documents.

Pros and Cons

North American Savings Bank excels at tailoring programs to people in unique financial situations. It’s one of the few lenders in the country to offer a program enabling IRA account holders to use their IRA to purchase rental properties. With its non-conforming loans, it’s also one of only a handful of lenders to go out of their way to provide a space for people with very poor credit or with a recent history of bankruptcy or short sale to find a way back into the housing market.

Perhaps the main downside to NASB is that it doesn’t offer real-time information about rates and APRs unless you fill out a short online form and include your contact details. NASB doesn’t have physical branches outside Missouri, although this isn’t such a big deal given it offers home buyers from around the country the chance to conduct the entire application online and by phone.

Loan Terms – The Bare Basics

North American Savings Bank offers the following types of loans:

  • Conventional fixed-rate and adjustable-rate loans: These are open to qualifying home buyers who are able to put at least a 20% down payment on their home.

  • Jumbo loans: For loans of around $500,000 or more (depending on the borrower’s location), with stricter application requirements.

  • VA loans: Open to service members, veterans, and surviving spouses who wish to buy, build, repair, retain, or refurbish their primary residence. The federal government’s Department of Veteran Affairs guarantees up to 25% of the loan, ensuring the borrower gets favorable rates.

  • FHA loans: Designed for people who have poor credit or are cash-strapped, this federal-government backed loan helps borrowers secure a mortgage for as low as a 3.5% down payment.

  • IRA non-recourse loans: NASB is one of the few lenders in the country to offer this type of loan, which is designed to assist anyone who has at least 30-40% of the purchase price vested in a self-directed IRA to buy a rental property. The IRA account holder is not personally liable for repayment of the loan. In the event of default or foreclosure, NASB can only use the property as a source of repayment and cannot pursue other assets owned by the account holder or IRA.

  • Non-conforming loans: These are for people who have unusual financial circumstances, such as a credit score of 640 or less, recent completion of a short sale, recent filing for bankruptcy, ownership of more than 5 properties with mortgage loans, or substantial investment assets or savings with little or no monthly income.

Repayment Terms

Loan terms and APRs vary for the different types of loans on offer. For example, conventional fixed-rate loans are offered over 15-year or 30-year terms. IRA non-recourse loans are offered for 10-year, 15-year, or 20-year terms. VA loans and FHA loans are available for terms of up to 30 years.

Help & Support

To speak to a loan officer, call 855-465-0753 between business hours, request a call from a loan officer at a time convenient to you, or contact one of NASB’s loan officers directly. To enquire about IRA lending, call 866-735-6272 during business hours or email NASB. The online feedback for North American Savings Bank’s mortgage is overwhelmingly positive, with customers praising loan officers for attention to detail and their willingness to go the extra mile for them.


North American Savings Bank specializes in solutions for military veterans, real estate investors, and home buyers who are unable to find a lender due to unique financial circumstances, first-time buyers and non-conforming buyers.

Physical Address

North American Savings Bank

12498 S. 71 Highway

Grandview, MO 64030

BestMoney Staff
Written byBestmoney Staff

Our editorial staff consists of writers who are knowledgeable about financial services. We specialize in simplifying the process of choosing the right provider for your needs.

ExcellentReviews 6
Visit Site

Top 5 Mortgage Loans

Quicken Loans

Quicken Loans

Visit Site
Rocket Mortgage

Rocket Mortgage

Visit Site
AmeriSave Mortgage

AmeriSave Mortgage

Visit Site


Visit Site


Visit Site

Trustpilot reviews

See what some costumers are saying about NASB
AverageReviews 6
  • author
    Kenneth Lowe
    Jul 15, 2021
    Wouldn’t recommend

    Sorry but service is just awful.


  • author
    Mike Merry
    Jun 04, 2021
    Took 6 months to close

    Took 6 months to close. Requested unnecessary documents throughout that DU Fannie DOES NOT REQUIRE. Refinanced 3 other homes during this time with another lenders while this bank screwed everything up. AVOID LIKE THE PLAGUE.


  • author
    Jan 26, 2021
    It took NASB almost 5 months to close…

    It took NASB almost 5 months to close our refi. They would schedule a day for closing and then delay it due to not having some type of “document.” The last delay was due to NASB saying they didn’t have our homeowners insurance document. NASB said they contacted my insurance company, but there hasn’t been any response. When I found this out, I called my insurance company. I was told that no one from NASB had called them. My insurance company sent me the document immediately. It was exactly the same document that I uploaded into NASB’s portal four months earlier.


  • author
    Southern Calif home owner
    Jan 14, 2021
    Worst everrrr

    Re home mortgage refinance Costco referral, identical experience to other reviews, three month plus purgatory waste of time, feel sucker punched


  • author
    Scott K.
    Dec 16, 2020
    NASB is awful

    NASB is awful. Believe the bad reviews. Picked them from the Costco program in August and they couldn't get a simple refi closed by mid-Dec.


  • author
    Joseph King
    Nov 24, 2020
    Don't Fall for NASB Trap

    Please save yourself time and headache when refinancing and avoid NASB. They lure you in with a low rate and fees, but the underwriting requests are over the top. Despite a credit score >800 and a home mortgage less than 1x annual income, NASB was unable to close a refinance within 100 days. I have used multiple banks for mortgages and refinancing and NASB was by far the worst.


    site logo

    Copyright © 2009-2021 Natural Intelligence Ltd. All Rights Reserved.

    By using our content, products & services you agree to our Terms of Use and Privacy Policy.

    • About Us
    • Cookie Policy
    • Terms of Use
    • Partner with us
    • Privacy Policy
    • Contact

    This site is not a loan provider or a broker and does not offer loans or mortgages directly to end users, but only allows users to match with lending partners and platforms that may extend a loan. All loan approval decisions and terms are determined by the loan providers at the time of your application with them. Any matching request submitted through our website does not constitute a loan application and you will have to submit a loan application to the respective lender before the lender provides you with an actual offer. We do not warrant that you will be approved for a loan, nor that you will be offered a loan with the same terms presented on our website. Lenders listing in this website DO NOT imply endorsement. Certain details, including but not limited to loan terms, prices and special offers, are provided to us directly from our partners and are dynamic and subject to change at any time without prior notice

    Reproduction in whole or in part is strictly prohibited.