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.
Mortgage options for people who don't check all the boxes.
NASB understands that getting a mortgage loan can be difficult for some folks when you don't meet conforming loan requirements. Certain life circumstances – a change in income, job loss, bankruptcy, or short sale – can often make it hard to obtain a home loan. That's where seeking a non-conforming loan from NASB could be the solution. We have the experience and understanding to assist with those unique circumstances or non-traditional income and get you into your dream home.
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
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Minimum loan amount of $175,000 required to apply*
Mortgage Calculators
- A variety of mortgage payment calculations
- Learn which loan is better for you
- Help to make term and loan type decisions
Jumbo Loan
- Best option for loan exceeding the conforming loan limit
- May require as little as 10% down payment
- Choose from a variety of loan programs
Bank Statement Loan
- No tax returns required
- Borrow up to $1,250,000
- Great option for self-employed borrowers
1099 Mortgage Loan
- Use your 1099 instead of tax documents to qualify
- 700 minimum credit score
- Great option for self-employed borrowers
What Our Customers Say
Mohit M., May 25, 2021
★★★★★ (5)
"NASB always makes it easy and transparent to work with them. I know upfront what to expect - they're clear in their communication and keep their word. This was my third interaction with them and it's a fantastic experience working with the NASB team."
