nbkc bank mortgage loans cover both purchase and refinancing loans, including VA and FHA loans. nbkc bank uses advanced algorithms to speed up the loan approval process. You can select from a range of repayment terms; there are no obligatory lender fees; and most of all, nbkc bank has a very high reputation for excellent customer service.
|Excellent customer service ratings||No 24 hour live chat|
|Wide range of repayment terms, VA and FHA loans||Not enough information on the website|
|Loan types||Purchase, refinance|
|Featured loans||Conventional and FHA purchase, FHA and Refi Plus refinance loans, VA loans|
|Repayment terms||10-, 15-, 20-, 15-, and 30-year fixed rate mortgage or 3-, 5-, or 7-year ARM mortgages|
|Minimum down payment||3.5%|
|Minimum credit score||Not specified|
|Best for||Borrowers with at least 630 credit scores, or veteran|
nbkc bank is a national bank and mortgage lender based in Kansas City, Missouri, that offers a wide range of repayment terms for home purchase and refinancing, as well as FHA loans and VA loans. nbkc bank stands out for good customer service and no obligatory lender fees.
nbkc bank mortgages are best for borrowers with a credit score of at least 620 for the lowest rates. nbkc bank loans are ideal for first-time buyers and veterans, thanks to the strong customer support, VA loans, and FHA loans for first-time buyers.
Home buyers can get a conventional fixed-rate or variable-rate ARM mortgage.
FHA mortgages are available for qualified first-time buyers. FHA mortgages require a lower minimum down payment and are easier to qualify for than conventional mortgages.
nbkc bank’s FHA refinancing allows you to move all or part of your existing mortgage debt to another loan. You can do this to release equity in your home, or to lower your mortgage payments. If you choose FHA Streamline refinancing, you can lower your mortgage payments or switch between a fixed- and variable-rate mortgage, but you can’t take any cash value out of your loan.
This is a refinancing loan offered to homeowners with Fannie Mae mortgages whose homes have been depreciating in value. Refi Plus is a refinancing option that permits you to skip PMI payments, even if your home equity is below 20%.
Veterans are eligible to apply for a VA loan, that comes without any lender fees or origination fees and with special low rates.
You can complete your application online or over the phone. The nbkc bank portal allows you to track the progress of your application. You’ll also be connected with a loan officer, who’ll share his or her phone and email details so that you can ask for help whenever you need it. Because nbkc bank only has 4 branches, you won’t be able to get in-person support unless you live in or near Kansas City.
You can expect to be asked for:
Here’s a step-by-step breakdown of how to apply for a mortgage through nbkc bank:
nbkc bank aims to provide speedy quick loan closings, but there’s no specific information about how long you can expect it to take.
nbkc bank offers a wide range of mortgage loan options with a choice of term lengths, which makes it easy for borrowers to find one that's suitable. You can choose between FHA and conventional loans, as well as VA loans for veterans. nbkc bank has clear and transparent rates that allow customers to pick the combination of fees and rates that works for them. nbkc bank has very high customer satisfaction ratings, with an average of 4.8 stars on an independent rating site. Reviews state that the company is “smooth and transparent,” as well as “extremely receptive,” and having “lightning fast responses.”
However, nbkc bank doesn’t have live chat at all hours, and phone support is only available during business hours. There’s no information online about loan fees, what documents are required, and how long it takes for your application to be processed. You need a high credit score to qualify.
nbkc bank charges a flat fee for mortgage origination of $675, and you can choose whether or not to pay lender fees. Unusually, nbkc bank invites borrowers to choose how much to pay in lender fees in exchange for lower interest rates.
For example, a 30-year fixed rate loan for $300,000 revealed interest rates of 4.893% APR with fees of $450, or APR of 4.541% if you pay $1,975 in fees
If you’re in the market for a VA loan, you won’t have to pay any lender fees.
The 30-year fixed-rate term is the most popular among first-time home buyers, but you can also choose fixed-rate terms of 10, 15, 20, or 25 years. Variable-rate mortgages come with fixed-rate periods of 3, 5, or 7 years.
nbkc bank customers can access customer support via email, or through the central toll-free support phone line on 888.905.2165. Phone support is available during standard business hours, or you can use the online web form to request help outside of those hours.
nbkc bank also has an information and resource center that is stocked with advice, calculators, and guides to nbkc bank financial products, but is frustratingly short on details about nbkc bank loans.
|Minimum down payment||3.5% for FHA mortgages, 5% for conventional mortgages||0%-20%, depending on mortgage type||Not specified|
|DTI ratio||Not specified||45%||Not specified|
|Loan fees||$675 or less||Around 3% of the loan value||Average $3,598|
|Best for||Great customer service||Many loans choices||A quick answer to your mortgage application|
nbkc bank offers both purchase and refinancing loans, as well as VA and FHA loans, with a range of repayment terms. There are no obligatory lender fees, but rates are high compared with competitors. nbkc bank stands out for its excellent customer service, combined with the convenience of an online application.
Yes, you may refinance your mortgage to switch from variable to fixed rate.
Yes. You’ll just need to provide your co-borrower’s details when you apply.
Yes, you can bring documents into the branch if you live near to one of the 4 Missouri branches, or send them with an overnight courier.
Yes, nbkc bank offers home loans in each of the 50 states and Washington, DC.
8320 Ward Parkway
Kansas City, MO 64114