Non-Conforming Loan

We have the experience to help people with unique circumstances or non-traditional incomes finance their dream home with a non-conforming loan.

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Key Features

Personalized loan criteria

May qualify for a home loan despite a previous credit issue

More flexible underwriting guidelines

Mortgage options for people who don't check all the boxes.

At NASB, we understand that not everyone fits the standard loan mold. That’s why we offer non-conforming mortgage options designed for borrowers with unique income or credit circumstances.

Our non-conforming loans may be an excellent option for:

Self-Employed Professionals & Business Owners
Real Estate Investors & Investment Property Owners
Independent Contractors & Freelancers
Gig Workers & Entrepreneurs

Non-Conforming Loan Requirements

You may qualify for a NASB non-conforming home mortgage loan if you:

Have at least one year of self-employment within the same line of business history
Recently change jobs from W-2 to 1099 (You may be approved with as little as six months 1099 employment)
Have income with pay stubs from a second job; no required minimum history of working two jobs
Competitive conforming pricing up to $600,000 loan amounts; Above that, risk-based pricing applies
$200,000 minimum loan amount
Minimum loan amount of $175,000 required to apply*

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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.”

Can’t Find What You Need?

NASB offers a full suite of non-QM loan programs that can be customized to your situation.

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.

Non-Conforming Loan Blogs

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First-Time Home Buyer eBook

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*Minimum loan amount of $175,000 required to apply. Exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas. Contact a NASB Loan Officer for more details on the specific areas and/or zip codes excluded.