FLEX Loan

If you don't fit inside standard loan guidelines, you may want to consider a FLEX loan from NASB that looks at your unique financial situation.

Call us 855-465-0753 

Key Features

Less money down compared to the traditional 20%

Shorter waiting periods on a previous bankruptcy or foreclosure

Use of non-traditional income sources other lenders may omit when qualifying you for a loan

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Not all borrowers are the same.

We say YES when others say NO. Our FLEX loan looks at each borrower's unique situation, combining common sense underwriting with our flexible NASB guidelines, to help more customers achieve their financial goals. We count virtually any assets you might hold, like a trust or retirement account, as income when qualifying you for a loan. If you are self-employed and fit within standard loan guidelines, our FLEX program can help borrowers finance their dream home.

Our FLEX loan offers you greater flexibility when looking for a home loan by offering:

  • Less money down compared to the traditional 20%.
  • Shorter waiting periods on a previous bankruptcy or foreclosure.
  • Use of non-traditional income sources. We count virtually any assets you might hold, like a trust or retirement account, as income when qualifying you for a loan.
  • Easier documentation for non-traditional income.

FLEX Loan Guidelines and Requirements

  • Maximum loan amount is $550,000, minimum is $100,000
  • 15% down payment, or as low as 5% with mortgage insurance
  • Minimum FICO score of 690 (primary wage earner)
  • A maximum debt-to-income ratio of 48%
  • Three-year seasoning required on bankruptcy, six years on short sale or foreclosure
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Joseph G.
You did what I did not think could be done. I am very grateful to you and your staff. From my family to you, thank you.

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