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North American Savings Bank | VA Loans Review


ConsumersAdvocate.org Rating: 4.8 / 5 (Excellent)
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North American Savings Bank, F.S.B with headquarters in Grandview, Missouri provides commercial banking and financial services.

The company offers residential, commercial, home loans, VA loans and refinance. Since 2010, NASB has helped more than 46,000 home owners close over $12 billion in loans.
 
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How is North American Savings Bank VA Loans rated?

Breakdown

4.8/5
User Experience
4.8/5
Tools & Resources
4.8/5
Expertise

Overall Rating: 4.8 / 5 (Excellent)

NASB makes home loans more affordable by offering Veterans, Active military personnel and other eligible applicants get quick access to VA loans.

There are no origination fees, lender fees and the bank does not charge private mortgage insurance helping homeowners save thousands of dollars during the life of the loan.

NASB loan officers are also available for helping borrowers get prequalified for a VA loan and assisting them through the VA loan process.

North American Savings Bank VA Loans Tools & Resources

Lender Type
Lender
VA Loan Types
Purchase
Rate & Term Refinance
Streamline Refinance (IRRRL)
Cash-out Refinance
Jumbo
Property Types
Single Family Home
Multi-family Unit
Townhome
Condo
Term Lengths
30 Year Fixed
15 Year Fixed
Adjustable Rate Mortgage Terms
5/1 ARM
Maximum Loan Size
$729,750

Tools & Resources - 4.8 / 5

NASB VA home loan program finances up to 100% or $424,100 in most counties or up to $729,750 of home loans in high-cost counties.

Qualified veterans can borrow up to 100% of the home’s value without the need for mortgage insurance. This alone helps veterans save thousands of dollars compared to conventional home loans.

North American Savings Bank VA Loans User Experience

Waived Fees
Origination fees, Lender fees
Minimum Credit Score
620

User Experience - 4.8 / 5

NASB is compliant with all Department of Veteran Affairs VA loan guidelines.

Aside from this, NASB as a lender also considers several factors when evaluating applications.

This includes employment verification, 2-year income, minimum 620 credit score, bankruptcy, and foreclosures if any.

NASB also conducts an inspection to determine the property’s current market value.

North American Savings Bank VA Loans Expertise

Memberships & Regulatory Info.

Nationwide Mortgage Licensing System ID
400039

Online Reviews

BBB Rating
A+
Date Collected
2017-01-06

Expertise - 4.8 / 5

NASB is supervised by the Federal Savings Bank and is subject to annual on-site examinations for safety, soundness, and compliance.

This is to ensure that the bank is in full compliance with all applicable law and regulations governing financial services.

All NASB loan consultants are also registered under the S.A.F.E. Act and trained in VA home mortgage lending and compliance.

Contact & Additional Information

Homepage URL
https://www.nasb.com/nasb-home/
Company Phone
(800) 677-6272
Headquarters Address
12498 S. 71 Highway, Grandview, MO, 64030
Mailing Address
12498 S. 71 Highway, Grandview, MO, 64030
Year Founded
1927

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Customer Comments & Reviews

Loading Reviews ...
Matthew B
5/30/2019
I had a great experience using NASB. From the time that I started the process to completion Jeff had been straight forward and up front about everything. Everything Jeff had told me would happen - happened exactly as stated. Jeff told me what I needed to be concerned about and again, completely great experience. Thank you!

Doyal A
4/22/2019
My loan origination process was smooth. However I asked multiple times about loan sales and servicing and I was assured that NASB owns and services their mortgages. (I don't like doing business with fly by night financing companies) However, this was just simply not the truth. I was NEVER told by Jeff or anyone at NASB what was happening, and as of today, I still haven't heard from NASB on this topic... My loan originated on 3/1 with first payment due 5/1. On 4/10 I received a letter that an escrow payment had been 'transferred to new lender'. No details on who, why, when, or anything. (really?). Then on 4/18 I received an email from Flagstar Bank welcoming me as a new customer.... Read More

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