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.
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