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North American Savings Bank review

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North American Savings Bank
Finder score
Minimum credit score
Conventional: 620
FHA: 560
VA: 620
Minimum down payment (Conventional)
State availability
Available in all states


Offers competitive rates and a wide range of loans with alternative lending criteria, but you won’t find many branches to choose from.

North American Savings Bank offers an impressive range of home loans and considers alternative lending criteria and income sources. But there aren’t any branches outside of the Kansas City, Missouri area.


  • Varying loan terms to accommodate your financial situation.
  • If seeking a shorter-term loan, the buyer can secure an adjustable-rate loan with a lower interest rate.
  • With a qualifying down-payment, the buyer can avoid an upfront mortgage insurance fee.
  • Can avoid monthly mortgage insurance fee with a downpayment of 20 percent or more.


  • No online application tracking.
  • Mortgage rates not advertised.

In this guide

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Loan products offered Conventional, Jumbo, FHA, VA, Home Equity/HELOC, Refinance
Minimum credit score Conventional: 620
FHA: 560
VA: 620
Minimum down payment (Conventional) 3%
State availability Available in all states
NMLS # 400039

Our take on North American Savings Bank

North American Savings Bank (NASB) has a plethora of loan options for a wide range of customers. In addition to conventional, jumbo and government-backed loans, the bank offers an impressive selection of nonconforming mortgages and specialized first-time homebuyer programs you may not find elsewhere.
Unlike other lenders, the bank strives to provide flexible solutions so long as you document your financial stability. This makes it a great option for investors, self-employed individuals and those with bad credit or a bankruptcy who can’t find funding anywhere else. NASB will consider bank statements, cash on hand, IRAs and alternative income streams when underwriting loans. Not all lenders do this.
Most online reviews have positive things to say about NASB, praising the individual attention they received from their loan officers. We can also confirm that a NASB loan officer we spoke with provided straightforward and helpful answers to our questions with no sales pressure.
But the company’s interest rates and fees aren’t listed online, and you won’t know your available rates until you fill out a prequalification form online. However, doing a hard credit check is optional, giving you a choice on how you want to proceed with the application.

North American Savings Bank requirements

To find out if you meet the requirements for an NASB home loan, call the bank or get preapproved online. Basic eligibility for a home loan with North American Savings Bank includes:

  • Proof of employment for at least two years
  • No history of bankruptcy in the past three years
  • No history of a short sale or foreclosure in the past six years

Requirements vary by loan product. For more information, contact a NASB loan officer on 855-921-4921.


Personal and financial details required to apply for a mortgage from North American Savings Bank include:

  • Driver’s license or passport
  • The last two years’ W-2s, tax returns and your most recent pay stubs
  • Employment verification
  • A credit history report
  • Other documentation as requested

Costs and fees

When taking out a mortgage with NASB, you’ll need to pay:

  • Origination fee. Expect to pay a $995 origination fee on all loans except VA loans. Depending on the loan terms, some home loans are eligible to get this amount credited back.

How to apply for a mortgage with North American Savings Bank

To get started with a home loan from North American Savings Bank:

  1. Go to the NASB website and select Apply Now, then choose Mortgage.
  2. Enter your name and email and choose a username and password to set up a new account.
  3. Provide your contact information, current address and housing information, personal information and coborrower information, if any.
  4. Select if you’re looking for a preapproval, home purchase or refinance and choose the type of loan you want and the loan terms.
  5. Enter the property location and purchase price and the source of your down payment.
  6. Provide information about your employment, income and assets.
  7. Answer the financial declarations and demographic questions (optional).
  8. Enter your Social Security number and authorize the company to do a credit check (optional).
  9. Wait for a loan officer to contact you about the next steps.

Alternatively, you can call NASB to speak with a loan officer and learn more about the products on offer or to apply.

What types of mortgages can I get through North American Savings Bank?

  • Conventional
  • FHA
  • VA
  • USDA
  • Jumbo
This company accepts mortgage refinance applications.

Other mortgage products offered by North American Savings Bank

North American Savings Bank also offers these specialized types of mortgages:

  • FLEX loan. This lower-than-20%-down option considers nontraditional income sources for those with a previous bankruptcy or foreclosure.
  • Nonconforming loan. Offers personalized loan criteria and more flexible underwriting guidelines for those with previous credit issues.
  • Bank statement loan. Borrow up to $1 million without the need for tax returns. Ideal for self-employed borrowers who prefer to show bank statements.
  • Portfolio loan. Looks at all income streams and offers less restrictive credit guidelines.
  • Bridge loan. Allows you to buy a new house before you sell your old one.
  • IRA lending. A unique financing program that facilitates the purchase of a property with a real estate IRA.
  • Mortgage programs. Choose from the Home Buying Advantage, Good Neighbor Program, Zero Down Home Loan Program or RateSecure Program.
  • Mortgage refinance. Choose from cash-out refinancing, rate and term refinancing or VA refinancing. Can be used to lower your rate, change your term or get cash out.

Alternatives to North American Savings Bank

Frankly, we have a lot of positive things to say about NASB, and we think it’s great for borrowers looking for a nonconventional loan or more flexible lending criteria.
That said, if you have good credit and straightforward finances and simply want a standard conventional or government-backed loan, you may want to go with a digital lender like Better or Beeline. These lenders offer a fast online application process, no origination fees and quick preapproval decisions so you can start home shopping right away.
NASB branch locations are also limited, which means if you want to meet with a loan officer face to face, you may be out of luck. In that case, you might want to check out Guaranteed Rate, another highly rated lender that has 400 branches nationwide.
Whatever your situation, comparing lenders is the best way to find the right loan for your needs. Select See rates to view and compare your personalized quotes today.

Disclaimer: The partners on Finder's mortgage comparison tables are sorted in alphabetical order.

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Apply online for free and lock in your rate for 90 days.
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North American Savings Bank reviews and complaints

As of August 2022, North American Savings Bank has a 4.95 out of 5 rating on Zillow from 1,337 customers. NASB has been accredited with the BBB since 2008 and has an A+ business rating, with 10 complaints closed in the past three years.
Customers report being thrilled with the professionalism, trustworthiness and responsiveness of their loan officers, some of whom answered calls during off-hours. The small number of customer complaints on the BBB website mostly centered around payment billing errors.

Pros and cons of North American Savings Bank


  • Portfolio loans. Because NASB can keep certain types of loans in-house, it can help borrowers who can’t find a home loan elsewhere.
  • Low fees. This lender offers a flat-rate origination fee that’s lower than many lenders and can be waived depending on the borrower’s circumstances.
  • User-friendly application. The NASB application is straightforward, and you’re not required to do a hard credit check if you don’t want to.


  • Mortgage rates not advertised. You won’t know your potential rate until you fill out the prequalification form.
  • No online application tracking. NASB lets you open an online account to submit your documents, but you can’t track your application process.
  • Loans may be sold. While some loans are funded in-house, other loans are sold after closing. Some borrowers may find this inconvenient.

What is North American Savings Bank?

Founded in 1927, NASB is headquartered in Kansas City, Missouri and has current assets totaling more than $2 billion. NASB is a full-service bank offering checking accounts, savings accounts, CDs, home loans and commercial loans. NASB has branches in Grandview, Lee’s Summit, Independence, Harrisonville, Kansas City, Platte City, Excelsior Springs, St. Joseph, Lexington and Odessa, Missouri.

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