MoneyGeek’s Take

NBKC Mortgage Review

The National Bank of Kansas City (NBKC) is a brick-and-mortar and online lender that was founded in 1990. It offers a number of home loans, including conventional loans, Department of Veterans Affairs (VA) loans, Federal Housing Administration (FHA) loans, home construction loans and pilot program loans. Along with several home loan offerings, NBKC Bank provides conventional banking services.

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Last Updated: 10/24/2022
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NBKC provides numerous mortgage loan options to meet your specific requirements. Although the minimum credit score and downpayment requirements for this specific lender aren’t stated on its website, conventional loans for first-time homebuyers typically require a minimum credit score of 620 and a 3% down payment.

MoneyGeek's NBKC mortgage loan review provides a comprehensive overview of the company’s loan offerings to help you determine if this lender is suitable for you.

At a Glance: NBKC Mortgages


  • NBKC

    • The NBKC doesn't explicitly list its minimum down payment requirements online, but it complies with the standards set by GSEs like, Fannie Mae or Freddie Mac, the FHA and the Department of Veterans Affairs. As such, the following minimum down payments reflect these standards: Conventional loan: 3% FHA loan: 3.5% VA loan: 0% This information is unavailable for other loan products. To get more information about a specific loan product, we recommend contacting the lender directly. Minimum Down Payment
    • Conventional Loan, FHA Loan, VA Loan, Home Equity, Pilot Loans, home construction loans and Mortgage RefinancingLoan Products Offered
    • All 50 U.S. states with four physical locations in Kansas CityStates of Operation
    • Yes Online Application

    on NBKC Website

NBKC Mortgage Loan Types, Details and Requirements

This comprehensive NBKC mortgage review from MoneyGeek provides an overview of the company's mortgage offerings, application criteria and any rates or application fees.

Mortgage Types Offered

NBKC offers a number of mortgage loan products, including:

  • Conventional Loans
  • FHA Loans
  • VA Loans
  • Pilot Program Loans
  • New Construction
  • Home Equity
  • Mortgage Refinancing

It's important to note that NBKC does not provide government-backed loans, such as USDA loans. It also doesn’t offer Jumbo loans to its customers.

Mortgage Rates

Although NBKC Bank does not publish its mortgage loan rates publicly, you can get rates tailored to your needs by using NBKC’s online mortgage rate calculator. Your mortgage rate will be based on several factors including loan size, loan type, loan length, credit score and property location. This implies that mortgage rates vary by individual.

Additional Fees

NBKC Bank doesn’t explicitly disclose fee information for its loan products on its website. However, with most lenders, you should expect to pay an origination fee for VA loans and other home loan types. You can also learn more about the fees associated with conventional home loans and refinance loans to approximate how much you’ll pay for these loan products.

Minimum Borrowing Requirements

Although the lender doesn’t explicitly state its minimum requirements online, you can typically get a conventional loan with a minimum down payment of 3%, an FHA loan with a minimum down payment of 3.5% and a VA loan with a minimum down payment of 0%. Most of NBKC's conventional mortgages require a credit score of at least 620, but this credit minimum may be less for other types of loans.

NBKC Mortgage Application Requirements

To apply for an NBKC mortgage loan, you must fulfill the following application requirements:

1

Documentation of 24 months of employment history supported by the last two years of W-2 forms and/or other required documents.

2

All income sources, including employment and child support, among others. These sources should be credible, reliable and reoccurring.

3

A record of debts. These contingent responsibilities (minimum monthly payments) are used to calculate the debt-to-equity ratio.

4

Source of funds for down payments, closing charges and any prepaid items.

5

You may provide gift funds as they are accepted on certain loans. You can inquire with your loan officer for further details.

Is NBKC Right for You?

The best mortgage provider for you is based on your specific situation. MoneyGeek’s NBKC mortgage loan review can help you assess if NBKC meets your requirements for a loan lender.

Who NBKC Is Perfect for

Since NBKC offers affordable financing programs, it will likely appeal to a large number of prospective homeowners. The low 3% down payment required for a conventional mortgage loan is advantageous for first-time buyers.

NBKC is also an excellent choice if you’re looking for a low-cost VA loan lender because it allows you to buy a property with no down payment. In addition, the lender’s easy-to-use online tools are especially appealing to homebuyers who want to know within minutes whether or not they qualify for a home loan.

Who Should Not Choose NBKC

NBKC may not be the best option for those seeking government-backed loans, as the company does not offer USDA loans. Additionally, if your credit score is below 620, you may be ineligible for an NBKC home mortgage.

Lastly, NBKC may not be for you if you want to complete the application process in person. It utilizes online and mobile applications for its mortgage products on a regular basis. Moreover, NBKC only has four physical locations in Kansas City. Hence, the online application process is the only option for people in other regions.

How to Apply for a NBKC Mortgage Loan

MoneyGeek's detailed NBKC mortgage review provides insight into the application process with this lender.

1

Prequalify

Before searching for a house loan, it’s essential to obtain pre-approval or pre-qualification. NBKC will notify you if you prequalify for a loan.

2

Fill Out Application Form

Submit an online application for a short or long loan, with the longer application being more extensive. After entering your online mortgage application, a loan officer will contact you. You can also complete your mortgage application over the phone by using NBKC’s toll-free number, 1-800-375-8096.

3

Document Delivery

Next, you’ll submit your documents. Documents pertaining to mortgage loans are supplied electronically or via overnight delivery. NBKC receives signed paperwork and all supplementary mortgage loan information.

4

Wait for Approval

The duration of the pre-approval process is heavily influenced by your FICO® Score and ratio. Moreover, preapproval is contingent upon the verification of the applicant's pay stubs, W-2s, credit reports, bank statements, gift letters, phone calls and other documentation.

5

Appraisal and Title Work

After your preapproval, a licensed appraiser, who is knowledgeable about the local home values in your area, will evaluate your home. If the loan is for the purchase of a home, NBKC will coordinate with the real estate agent or seller to order title work. Using the title insurance policy, NBKC will validate the legal status of your property.

6

Closing

The mortgage loan closure is arranged after receipt of all required documents. A consultant will contact you before closing to review the final details. Your local title company or attorney's office will host the closing.

What to Do if You Are Rejected by NBKC

Even if you qualify for the mortgage, NBKC Bank may still decline your loan application for several reasons, including a low credit score or insufficient proof of existing assets to fulfill the monthly mortgage repayments.

If your application is rejected, you should contact an NBKC customer service representative to find out why. That way, you can modify or improve your application before applying with a different lender.

Frequently Asked Questions About Mortgages From NBKC

MoneyGeek’s NBKC mortgage review includes answers to some of the most frequently asked questions to provide additional insight into this lender.

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