With a broad range of mortgage products and competitive rates, NBKC offers options for home buyers and those looking to refinance across the U.S. Known for their strong VA loan program, they also provide FHA, conventional, and jumbo loans.
Their low fees, nationwide service, and commitment to customer satisfaction make them a standout choice. Plus, NBKC handles everything in-house—from origination to closing—making the process smoother for borrowers.
Overview of NBKC
NBKC has evolved from its Kansas City roots into a nationwide mortgage lender with a reputation for transparent, borrower-friendly practices. Offering competitive rates and low fees, NBKC focuses on making the mortgage process as smooth as possible.
Their in-house team handles each step, ensuring fast and clear communication. Whether you’re buying your first home or refinancing, NBKC is dedicated to offering a seamless experience from start to finish, with customer service that’s consistently rated highly by borrowers across all 50 states.
NBKC Mortgage Application Requirements
Before applying for a mortgage with NBKC, it’s smart to gather all your documents ahead of time. This can help speed up the process and prevent unnecessary delays. Here’s what you’ll need:
- Income documentation: Have two years of W-2s that reflect 24 months of employment history and your most recent pay stubs. Be sure these documents match your current situation, as any inconsistencies could slow things down.
- Debt documentation: NBKC will use the debts listed on your credit report to calculate your financial obligations. If you have any debts that don’t appear on your credit report, such as private loans, make sure you have documentation ready to share with your loan officer.
- Asset documentation: Be prepared to provide your two most recent bank statements. If you’ve had any large deposits, you’ll need to explain where the funds came from. For example, if you’re using gift money for your down payment, NBKC may ask for additional documentation showing the source.
Taking the time to organize these documents beforehand can help move your mortgage application along quickly. Just make sure everything is up-to-date and accurately reflects your current financial situation.
Types of Home Loans Offered by NBKC
NBKC offers various mortgage options tailored to different financial needs. Whether you’re purchasing a new home or refinancing an existing mortgage, you’ll find options that cater to both conventional and government-backed loans.
They offer fixed-rate and adjustable-rate conventional loans, FHA loans, jumbo loans, and VA loans. Below is a closer look at what each loan option entails.
Purchase Loans
Fixed-rate mortgages from NBKC provide stability with consistent monthly payments over the loan term. Terms can range from 10 to 30 years, with most borrowers opting for a 30-year loan. If you prefer to pay off your mortgage faster, shorter-term options are available, though you’ll need a minimum credit score of 620 for conventional loans.
For those seeking an adjustable-rate mortgage (ARM), NBKC also offers loans that start with a fixed rate for five years before adjusting. These are ideal if you plan to sell or refinance before the adjustable rate kicks in, but be aware of potential future rate increases if you don’t.
If you’re looking for flexibility with lower credit, FHA loans are a solid choice. Backed by the Federal Housing Administration, they require just a 3.5% down payment and generally allow approval with a credit score as low as 580.
For high-value homes that exceed conventional loan limits, jumbo loans are available. Keep in mind, these loans have stricter requirements, including higher down payments and credit scores.
Service members, veterans, and qualifying family members may qualify for VA loans, which come with low interest rates and no fees for loan origination or processing. These loans are available nationwide, making NBKC a strong contender for VA loan borrowers.
Refinance Loans
NBKC provides several options for those looking to refinance. The VA Streamline Refinance Loan is an attractive choice for lowering interest rates on existing VA loans with little to no out-of-pocket costs.
Homeowners with conventional, VA, or FHA loans can opt for an FHA Refinance to access equity or lower their payments. Another option, the FHA Streamline Refinance, can be used to reduce monthly payments or modify loan terms.
For Fannie Mae mortgage holders, the Refi Plus™ program offers refinancing without requiring Private Mortgage Insurance, which can save money on monthly payments.
Loan Products Not Available
While NBKC offers an impressive variety of loans, they do not provide USDA mortgages, home equity loans, HELOCs, reverse mortgages, or construction loans. If you’re seeking these specific products, you may need to consider other lenders.
NBKC Rates and Fees
NBKC’s mortgage rates vary depending on the loan type, term, and your credit profile. To get an idea of the interest rate you may qualify for, you can use the online rate calculator on their website or speak directly with a loan officer. However, beyond just the interest rates, it’s essential to understand the fees and closing costs that come with an NBKC mortgage.
Lender Fees
NBKC is known for its transparent fee structure, with many customers praising them for avoiding hidden charges. Typical fees you can expect include:
- Loan origination fee: This is a standard charge for processing your mortgage application. However, NBKC does not charge origination fees for VA loans, which is a significant cost-saving benefit.
- Underwriting and processing fees: These cover the costs of evaluating and approving your loan. NBKC’s underwriting fees are in line with industry standards, though they may waive certain fees for eligible VA loan applicants.
Closing Costs
In addition to lender fees, you will encounter closing costs, which typically range from 2% to 5% of the loan amount. Here’s a breakdown of what you can expect to pay at closing:
- Appraisal fee: This fee pays for a professional evaluation of the home’s value.
- Title search and title insurance: This ensures that there are no issues with the property’s legal ownership.
- Prepaid costs: You may need to prepay property taxes, homeowners insurance, and interest at closing, depending on when your loan closes.
- Escrow fees: These cover the cost of a third party holding funds for taxes and insurance.
NBKC’s closing costs are competitive with other lenders, and they’re upfront about what you’ll owe. Be sure to ask your loan officer about any potential discounts or promotions, as NBKC has been known to offer them for specific loan products, particularly VA loans.
NBKC’s Mortgage Process
NBKC Bank makes it easy to apply for a home loan that works for you. When you’re ready to get started, you will follow this four-step process to reach the finish line:
Step 1: The Application
You can apply online or by calling 1-800-375-8096. Once your loan application is complete, a loan officer from NKBK Mortgage will reach out to you.
Step 2: Document Delivery
Loan documents are sent to you electronically or via postal mail via overnight delivery. This prevents loan processing delays, and you are expected to return any signed documents promptly.
Step 3: Appraisal and Title Work
NBKC Bank will order an appraisal for the property from a licensed appraiser in your area. The online lender will also coordinate with the seller or real estate broker to conduct the title work and get the property’s legal status through title insurance.
Step 4: Closing
Once all required documents are received, and the loan is finalized, an advisor from NBKC will reach out to review the fine print. The final step in the NBKC Bank mortgage process is to attend the closing, typically held at a title company. However, some closings are also held at attorneys’ offices.
To learn more about the mortgage process, contact the home loan support hotline at 800-375-8096. Representatives are available Monday through Friday from 8 am – 7 pm CST to answer your questions or concerns.
Special Programs and Discounts at NBKC
NBKC offers several special programs designed to make homeownership more accessible and affordable for a wide range of borrowers. These programs, along with potential discounts, can provide valuable savings, especially for first-time buyers and veterans.
First-Time Homebuyer Assistance
While NBKC doesn’t have a dedicated first-time homebuyer program, they work with various state and federal programs aimed at helping new homeowners. These include FHA loans, which offer lower down payments and flexible qualification criteria. Be sure to check with your loan officer to explore additional local or state grants that may be available for first-time buyers.
VA Loan Discounts
For eligible veterans, service members, and qualifying family members, NBKC offers significant savings through their VA loan program. Unlike many lenders, NBKC does not charge origination, underwriting, or processing fees for VA loans, making it one of the most affordable options for veterans seeking home financing.
Rate Discounts and Promotions
From time to time, NBKC offers special promotions, such as discounted rates or fee waivers, depending on the type of loan you choose. These discounts can apply to various loan products, so it’s a good idea to ask your loan officer about any current offers or incentives when applying.
Bottom Line
NBKC stands out as a mortgage lender for its low fees, especially for VA loans, and its commitment to handling the entire loan process in-house. This approach minimizes delays and ensures better communication, making the mortgage journey smoother for borrowers.
Whether you’re a first-time buyer, a veteran, or someone looking to refinance, NBKC’s nationwide availability and range of loan products—including FHA, jumbo, and conventional loans—offer solutions for various financial needs.
With a solid reputation for customer service and transparent pricing, NBKC is worth considering if you value a streamlined process without hidden fees. Ready to take the next step? Explore your loan options or apply online today to see how NBKC can help you reach your homeownership goals.