Credit Event Home Loan 

If you've had a recent credit event, such as bankruptcy or divorce, NASB's Credit Event Home Loan looks at your complete financial picture to help you secure a mortgage.

Call us 855-921-4921 

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Key Features


NASB's Credit Event Home Loan helps borrowers with unique circumstances.

Sometimes, things can impact a person's ability to qualify for a mortgage loan despite having the capital to make a down payment. With NASB's Credit Event Home Loan, we look at our customer's overall financial picture and underwrite loans despite bankruptcy, divorce, or high medical bills.

Credit events can include:

  • Bankruptcy (1-year minimum from bankruptcy discharge date)
  • Divorce
  • Medical bills
  • Death of a loved one




Credit Event Home Loan Guidelines and Requirements

  • 30% minimum down payment*
  • Must have a documented 'credit event' that has impacted their credit
  • The minimum loan amount is $175,000; the maximum is $500,000*
  • A maximum debt-to-income ratio of 45%
  • Must have four months of PITIA reserves
  • Purchases only, 30-year fixed

  • A variety of mortgage payment calculations
  • Learn which loan is better for you
  • Help to make term and loan type decisions
  • Requirements for all NASB non-QM loans
  • For purchase or refinance non-qm loans
  • Competitive rates
What Our Customers Say
Sherri S., March 18, 2022
★★★★★ (5)

"My loan officer was amazing and did everything he could to help me with my home purchase. There were extenuating circumstances that he went above and beyond to help me with."

Nationally competitive products. Individualized service.

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*A credit event is a one-time, non-recurring, or ongoing event that has impacted a customer's credit score. Credit Event Home Loans require a minimum $175,000 loan amount and a 30% down payment. Contact a NASB Loan Officer for details on the excluded areas and zip codes. It is not available in New York state, the Chicago or Baltimore metropolitan areas, and not in all locations or for all property types. Loans are subject to underwriting, eligibility criteria, and other factors. Your loan officer will provide more information regarding Credit Event Loans and what may work best for your situation.