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.
NASB's Credit Event Home Loan helps borrowers with unique circumstances.
Life doesn't always go as planned, and sometimes certain financial events can impact your ability to qualify for a mortgage loan despite having the money to make a down payment. Buying a home may feel out of reach if you've experienced a setback, such as bankruptcy. At NASB, we understand these unique situations and are here to listen and help. Our Credit Event Home Loan focuses on your overall financial story, not just the challenges you've faced. We even allow outside gifts to help cover your down payment and closing costs.
Common credit events we consider include:
- Bankruptcy (with a minimum of one year from the bankruptcy discharge date)
- Divorce
- Medical bills
- Loss of a loved one
Reach out to us today, and let's explore how we can make homeownership possible for you, even after a credit event.
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
Mortgage Calculators
- A variety of mortgage payment calculations
- Learn which loan is better for you
- Help to make term and loan type decisions
Non-QM Mortgage Rates
- 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."
"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."
