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

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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

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 changed jobs from W-2 to 1099 (You may be approved with as little as six months of 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
Minimum loan amount of $200,000 required to apply¹

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★★★★★ (5)
Vincent T., June 18, 2026

“I had an accepted offer in hand, but ran into trouble financing through a qualified loan. Venus and NASB not only helped me navigate the complexities of a Non-QM loan but also took the time to educate me succinctly along the way. Even with my unique situation, we closed within a month. Having the right loan officer can make the process feel so much easier — and in my case, the wrong one would likely have been a deal-breaker. I know that Venus has far more expertise than my particular situation required, and I only hope she can help you the same way she helped me.”

★★★★★ (5)
Michael G., May 21, 2026

“Heather and NASB were absolutely awesome to work with! Her communication was on point; she always answered all my questions promptly and was incredibly accessible whenever I needed clarity on any items. I am grateful to have come across Heather and NASB online. Everything went smoothly with Heather and her team. I am self-employed, and Heather was able to get me approved for my home purchase. I definitely recommend Heather.”

★★★★★ (5)
Howard C., March 12, 2026

“I am self-employed and applied for a mortgage with NASB. I am very grateful to Shelley Cox for helping me secure a great interest rate. Throughout the loan process, she addressed many of my concerns, was extremely polite, had a great attitude, and responded to emails very promptly. I highly recommend Shelley and her colleagues."

★★★★★ (5)
Angie B., August 24, 2025

“As a travel nurse, it was difficult getting a loan through the many banks I tried. I called Michael with NASB, and with great motivation and enthusiasm, he expedited my paperwork, and we closed in two weeks! This company doesn’t sell your loans, so I will be working with Michael to refinance in the future. Words can’t say how amazing he is! Thank you, Michael, for getting us into a home!”

★★★★★ (5)
Ted P., July 12, 2025

“Jason and the team at NASB are the go-to for modern borrowing options for business owners. I have now used NASB twice. Their process is simple and efficient with minimal documents needed.”

★★★★★ (5)
Ted P., November 18, 2025

“Best of the best! Friendly, easy to work with, and really does go the extra mile. I was in a very difficult situation, and Venus found creative ways to help me get pre-approved for the mortgage I needed. Truly a fantastic person!”

★★★★★ (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.”

★★★★★ (5)
James B., March 1, 2025

"NASB did a great job of helping me with my home loan. This is my third house I’ve bought, and this is the first time everything has gone smoothly. I would recommend NASB to someone looking to buy a home."

Can’t Find What You Need?

NASB offers additional non-QM loan products that may better suit your unique situation. Speak with one of our knowledgeable loan officers to discuss your unique circumstances and explore the mortgage solutions that best suit your needs.

Loan Type²	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	$200,000	10% with mortgage insurance*
1099 Loan Uses 1099 income instead of traditional income docs.	Independent contractors, freelancers, and gig workers	700	$200,000	20%*
DSCR Loan Qualifies based on rental property cash flow instead of income.	Real estate investors	700	$200,000	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	$200,000	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	$200,000	30%
P&L Mortgage Loan Uses a CPA-prepared Profit & Loss statement instead of tax returns or months of bank statements	Business owners where standard documentation doesn't reflect what the business actually earns.	700	$200,000	20%

*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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¹Minimum loan amount of $200,000 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.

²Additional 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.