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Other flexible non-QM programs we offer include:
| Loan Type3 | Who is it for? | Min. Credit Score | Min. Loan Amount | Min. Down Payment |
|---|---|---|---|---|
| 1099 Loan | Self-employed individuals | 700 | $175,000 | 20%* |
| DSCR Loan | Real estate investors | 700 | $175,000 | 20% |
| Asset Depletion Loan | Borrowers using liquid assets to qualify | 700 | $175,000 | 20%* |
| Jumbo Loan | Borrowers with home purchases above the conforming limit | 720 | $805,501 | 20% |
| Credit Event Loan | Helps financially stable individuals obtain a mortgage after a previous credit setback | 620 | $175,000 | 30% |
1Bank Statement Loans require a minimum $175,000 loan amount (exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas), a minimum credit score of 700, and a 10% down payment with approved mortgage insurance. Contact a NASB Loan Officer for more details on the specific areas and/or zip codes excluded. Not available in New York state, the Chicago or Baltimore metropolitan areas, and not available in all locations or for all property types. Loans subject to underwriting and eligibility criteria, and other factors. Your loan officer will provide you with more information regarding Bank Statement loans and what may work best for your situation.
210% minimum down payment with no mortgage insurance required requires a minimum 740 credit score, no prior bankruptcy, and a 12-month housing history. Otherwise, borrowers need a minimum credit score of 700 and a 10% down payment with approved mortgage insurance.
3Additional eligibility criteria for each loan product may exist. Visit nasb.com for more information on each loan product type. Loans are subject to underwriting and eligibility criteria, and other factors. Your loan officer will provide you with more information regarding a specific loan and what may work best for your situation. The DSCR Loan and Credit Event Home Loan products are not available in New York, the Chicago or Baltimore metropolitan areas, and not in all locations or for all property types. Contact a NASB Loan Officer for more details on product eligibility, specific areas, and/or zip codes excluded.
