Apply for an FHA Loan

Having trouble getting approved for a home loan? NASB may be able to help!

Since 1927, NASB has served as a leader in responsible lending practices. We are proud to offer our consumers the option of applying for FHA home mortgages in addition to our traditional home loan options. As an FHA-approved lender, you can rest assured that our loans meet all FHA guidelines. We aim to provide our customers the best financial tools to ensure that our mortgage rates are among the lowest cost FHA loans you will find anywhere. Read our reviews to learn more about our commitment to customer satisfaction.

Flexible FHA Benefits for First Time Home Buyers

FHA mortgages provide an array of benefits to help you finance your new home. Because these loans are federally insured, our FHA lending program has the ability to be flexible in our loan qualifying requirements for income and credit. You may find that you can be approved for an FHA loan despite financial problems you had in the past, like bankruptcy and recent late payments. FHA home loan guidelines make it easier for you to own your dream home by requiring a significantly smaller down payment than a traditional home loan.

Along with the security and peace of mind that an FHA mortgage brings, refinancing your loan may lower your monthly payments and save you hundreds of dollars a year. With interest rates continuing to fall, now is the time to consider refinancing your loan before interest rates start to go back up. As a top FHA lender, NASB is able to provide our customers with competitively priced FHA home mortgages with low closing costs.

FHA Loan Guidelines & Requirements

  • You must have a valid Social Security number and be a legal resident of the United States.
  • You'll need to have steady employment history.

  • A down payment of at least 3.5% is required for a credit score of 580 or higher. However the money can be gifted from a family member.

  • FHA loans are only available for a primary residence.

  • The property must be appraised by a FHA-approved appraiser and needs to meet certain standards

Begin the Process: Apply for an FHA Loan

Not sure where to start? Fill out this form and a loan officer will contact you to discuss your options. We'll provide a free rate quote.

Or you can always, schedule an appointment.

By clicking the Submit button you agree that you are providing an electronic signature expressly authorizing NASB to contact you by telephone at any of the telephone number(s) provided above using an automatic telephone dialing system or an artificial or prerecorded voice or via text/SMS message, even if the telephone number is assigned to a cellular telephone service or other service for which the called party is charged. NASB may also contact you via email using any email address you provided. This authorization overrides any previous registration on a federal, state or corporate Do Not Call Registry or any internal NASB privacy or solicitation preference you have previously expressed. You are not required to provide this authorization as a condition of purchasing any property, goods or services from NASB. As an alternative, you may call us directly at (866) 627-7119 and we will process your request over the phone.

  • The front-end ratio (mortgage payment plus homeowners association fees, property taxes, mortgage insurance, home insurance) will need to be less than 31% of your gross monthly income.

  • Monthly debts (credit card payments, car payment, student loans, etc.) need to be less than 43% of gross monthly income.

  • Prior bankruptcy or foreclosures need to be season over 36 months and you need to have re-established good credit.

Poor or Bad Credit? Applying for an FHA Loan May be a Solution!

FHA loans offer lower credit score requirements, plus a low 3.5% down payment option. Those with bad credit, a prior bankruptcy or a former foreclosed home can still qualify for an FHA loan, as long as they meet the minimum credit score and seasoning timeline. Closing costs are allowed to be paid by the seller and lender if you choose to structure your loan in that manner.

FHA loans typically have a little more risk involved for the lender. To insure their investment, there are two types of mortgage insurance premiums required on all FHA loans: Upfront mortgage insurance premium (MIP) and Annual MIP.

NASB is an FHA Approved Loan Lender

Earning the privilege to lend FHA loans is a responsibility we take seriously. That's why as an FHA-approved bank, we adhere to a high level of lending standards. The Federal Housing Administration is an agency of the United States government. They insure loans made by banks and other private lenders for a variety of potential home buyers. There are varying forms of eligibility required to receive an FHA loan. The Federal Housing Administration (FHA) was created to help lower income borrowers obtain a mortgage. These government-backed mortgages protect lenders against defaults and allow homeowners with lower credit scores and less down payment amounts to buy a home.

Apply for FHA Loan, Home Loan with Poor Credit

98% Customer Satisfaction Rating

Everyone I dealt with was a top notch professional.  It makes me even prouder having served my country, knowing I got this type of excellent treatment.  Thank you NASB and everyone involved.  Someday I would like to meet each and everyone involved in this transaction, you people are what America is made of, thank you again for the smooth transaction.

- John from Indiana


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My loan officer was always available to me, even when I would leave a message he would get back to me promptly. While working with NASB, I felt like he was working for me and not just his company. His team was very helpful in gathering information to complete my loan.


- Tracey from Oregon


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NASB and its staff are awesome. They actually have their act together and can help you navigate through the entire process with ease. This is my 3rd loan through them. I would highly recommend.


- Dale from Maryland