Don’t Fit Standard Mortgage Guidelines? NASB May Be Able to Help

If you’re self-employed, investing in real estate, working with non-traditional income, or rebuilding after a credit setback, NASB’s flexible non-conforming/non-QM loan options may help you move forward. We’ll take the time to understand your situation and help match you with the right mortgage option.

Flexible common-sense underwriting from an experienced in-house team.
Multiple loan options including Bank Statement, DSCR, 1099, Asset Depletion, Jumbo, and more.
Credit challenges? You may still have financing options.
Start in about 60 seconds and get personalized guidance from a NASB loan officer.

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888-661-1963

See which loan option is best

Built for borrowers with unique financial situations

NASB’s flexible mortgage options are designed for borrowers who may not fit traditional lending boxes. Whether your income is non-traditional, your property type is different, or your credit history needs a closer look, we may have a path that fits.

Let's get started!

Answer a few easy questions to get your personalized recommendations and custom rate quote from one of our loan experts.

What type of mortgage loan are you looking for?

Refinance

Mortgage purchase

This program may be a fit if you are a:

Self-employed professional or business owner
Real estate investor or investment property owner
Independent contractor

Freelancer or consultant
Gig worker or commission-based earner
Borrower with previous credit issues or a more complex financial picture

If a standard mortgage hasn’t been the right fit, NASB may be able to help you explore a more flexible path.

How to get started

You don’t need to know exactly which loan program is right for you before reaching out. Start with a few quick questions, and a NASB loan officer can help identify the options that may fit your goals and financial profile.

3-Step Process

Step 1 — Tell us what you’re trying to do
Let us know whether you’re looking to purchase or refinance, plus a few basic details about your situation. The current NASB form already starts with this matching logic.

Step 2 — We review your scenario
NASB’s in-house team uses flexible, common-sense underwriting to help determine which programs may fit your income, credit, property, and goals.

Step 3 — Get personalized loan options
One of our experienced loan officers will reach out with personalized options and next steps - no obligation, just clarity.

Flexible mortgage options for more complex situations

Because every borrower’s situation is different, NASB offers multiple non-QM and non-conforming loan paths. Depending on your goals and financial profile, your loan officer may help you compare options such as:

Loan Type¹	Who is it For?	Minimum Credit Score	Minimum Loan Amount	Minimum Down Payment
Bank Statement Loan Uses bank statements (not tax docs) to verify income.	Self‑employed borrowers, business owners, or independent contractors	700	$175,000	10% with mortgage insurance*
1099 Loan Uses 1099 income instead of traditional income docs.	Independent contractors, freelancers, and gig workers	700	$175,000	20%*
DSCR Loan Qualifies based on rental property cash flow instead of income.	Real estate investors	700	$175,000	20%
Asset Depletion Loan Uses assets (not income) to qualify for a mortgage.	High-net-worth borrowers or retirees using liquid assets to qualify	700	$175,000	20%*
Jumbo Loan For higher loan amounts or loans that don't meet standard guidelines.	Borrowers with home purchases above the conforming limit	720	$805,501	20%
Credit Event Loan Looks at complete financial picture to secure a loan after a credit setback.	Individuals looking to secure a loan after a one-time hardship such as bankruptcy or foreclosure	620	$175,000	30%

*10% down payment with no mortgage insurance option available with 740 FICO. Talk to a NASB loan officer for more details.

Not sure which option is right for you? That’s exactly what this page is for — tell us about your situation, and we’ll help point you in the right direction.

A few things to know before you start

Program requirements vary by loan type, but NASB’s non-QM and non-conforming offerings are built to support borrowers who need more flexibility than a conventional mortgage may provide.

NASB offers more flexible underwriting guidelines than standard loan programs in many cases.
Some borrowers may still qualify despite previous credit issues.
NASB’s related non-QM pages reference minimum loan amounts starting at $175,000 for many flexible loan programs.¹
Product-specific requirements such as credit score, down payment, reserves, property type, and income documentation vary depending on the loan program.
The fastest way to understand what may fit is to complete the quick form and speak with a loan expert.

Loan options are subject to underwriting, eligibility criteria, product availability, property type, and location restrictions.

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★★★★★ (5)
Alexander S, April 5, 2024

“I was pretty much locked in with another lender but wasn't 100% convinced. I did a Google search looking for the best mortgage options for business owners/self-employed, and NASB popped up in several places with solid recommendations. For us, it was like a final Hail Mary to ensure we looked at all possible options. We couldn't be more glad we took that last step and found you. Your speed is second to none, and the service was amazing from start to finish. Needless to say, we are also very happy with the rate that we got.”

★★★★★ (5)
Karina P., November 8, 2023

“My fiance and I are both 1099 employees and first-time homebuyers, so as one can imagine, it was fairly difficult for us to find a lender that did not have obscene fees. NASB helped us find a mortgage loan that was beneficial to us and worked with our situation. From our first phone call to closing day, our loan officer was offering her help and expertise the entire time. If you are self-employed or a 1099 contractor looking to purchase a home, contact NASB. They will do their absolute best to make it happen!”

★★★★★ (5)
Micheal D, March 24, 2024

“My loan officer was very informative, explaining everything I needed to provide them along the way. They made my dream home a reality when others could not.”

★★★★★ (5)
Christina K., March 14, 2024

“The entire process was smooth and efficient. Everyone I've dealt with has been friendly and pleasant to deal with. I wouldn't hesitate to recommend NASB to friends and family.”

Non-conforming/non-QM loan FAQs

Is NASB a non‑QM mortgage lender?

Yes. NASB offers a full suite of non‑QM options (DSCR, bank statement/1099, asset‑based, credit event) plus IRA non‑recourse lending.

What types of non-QM loans does NASB offer?

NASB offers multiple Non‑QM options, including Bank Statement, 1099, DSCR, Asset Depletion, Jumbo, Bridge, Portfolio, Credit Event, and Non‑warrantable Condo loan solutions. Broadly, Non‑QM is an umbrella category that encompasses alternative documentation and investor‑focused programs.

What is a Non‑QM loan?

At NASB, a Non‑QM loan is a mortgage that doesn’t meet agency “Qualified Mortgage” rules and instead uses alternative documentation to verify your ability to repay. Generally, Non‑QM loans serve creditworthy borrowers who need more flexible income or credit criteria than those required by standard QM loans.

Who are Non‑QM loans best suited for?

NASB’s Non‑QM solutions are designed for self‑employed professionals, independent contractors, asset‑rich borrowers, and those with recent credit events. Typically, Non‑QM loans fit borrowers whose financial profiles don’t align with W‑2 paystubs, automated underwriting, or conventional waiting periods.

How do Non‑QM loans differ from “non‑conforming” loans?

At NASB, Non‑QM refers to underwriting outside QM rules, while some non‑conforming loans (such as certain jumbos) may still be full‑doc but fall outside agency purchase limits. Generally, “Non‑QM” relates to the federal QM rule, whereas “non‑conforming” refers to loans not eligible for sale to Fannie/Freddie due to size or criteria.

See which loan options are best

If you’d rather speak with a loan officer directly, call 888-661-1963. NASB’s team can review your situation and help explain which flexible mortgage options may fit best.

See if you qualify

¹Additional 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 1099 Loan, 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.