NACA Program Helps Low to Moderate Income Families Achieve Home Ownership. In addition to loan programs like. NACA, a non- profit organization and consumer advocate, offers free services to the consumer. NACA offers both a Purchase Program and a Home Saver Program. It offers loans with no down payment, no closing cost fees, no fees whatsoever! The NACA Purchase Program is funded with $1. Since NACA loans carry no fees, require no down payment, and have no closing costs, any and all of the incentive money that builders offer can be put toward rate buydowns to even further lower the cost of home ownership. We are here to help you achieve your homeownership goals, and to make you a more informed consumer. Has anyone had any experience using NACA for home purchases in the Nashville area? Asked by Cole, Nashville, TN Category Archives: NACA Purchase Program. 2016 CONTACT: Tim Trumble, Media Coordinator, Cell: 617-947-2632; [email protected] Bruce Marks, Founder & CEO, cell: 617-835-4477. NACA OPENS NEWEST OFFICE IN UPLAND NACA. Can the naca program only work for purchase with a condo or multi- unit property? NACA Requirements and Loan Process - NACA mortgages typically have below-market interest rates. Learn more about NACA mortgages and find out how people take out NACA mortgages. NACANACA is the best purchase program in America. NACA provides both comprehensive housing counseling and access to an incredible mortgage options. Everyone receives the same incredible terms and below market interest rate. NACA has over $1. Billion committed from some the country’s largest lenders on the following terms: No down payment. Individualized, comprehensive homeownership program to access the Source: www.naca. Comprehensive overview of the NACA home loan purchase program including program terms, qualification and application process. Below market 3. 0 & 1. No closing costs. Unprecedented buy- down to virtually 0%No points. No fees* Evaluation based on individual circumstances without consideration of the credit score. NACA makes affordable homeownership a real option for working people many of whom have neither perfect credit nor substantial savings. While the NACA mission is to provide affordable homeownership to primary low- to moderate- income people and those purchasing low and income communities, the program is open to everyone. There is no eligibility limitation based on one’s income, credit score or other criteria as long as the following four eligibility are criteria are met. Properties must be located in areas where NACA provides services which are large areas nationwide including many states. The purchase price must be less than the maximum purchase price which is sufficiently high for low and moderate income buyers and those looking to purchase affordable properties. Homebuyer must not own another property when they close on the NACA mortgage. Homebuyers need to participate in whatever way they feel comfortable and to adhere to NACA’s policies and procedures. Getting Started. The first step in the purchase process is to attend a NACA Homebuyer Workshop which is open and free to everyone. Every NACA office provides a number of workshops each month with additional workshops provided nationwide (click here for workshops). Upon completion of the NACA Workshop, you need to schedule an appointment with a NACA counselor for a face- to- face meeting or phone counseling session. A counseling appointment can be scheduled through your personal Web- file which NACA has established for each member in our program. Your Web- File also includes the following: your status, next steps, document uploading into your electronic file, Get Started! Find the next NACA workshop near you. Next Steps. While NACA provides comprehensive counseling, if you follow the process presented in the workshop and detailed in the workbook you can be NACA Qualified and access the NACA mortgage in very little time and with limited need for a counselor. If you are not clear on your next steps or have other question please contact your counselor. If you need further assistance call NACA’s Member Services at 4. We are committed to working with all homebuyers until they succeed in purchasing an affordable home. NACA homeowners have access to comprehensive post purchase assistance through NACA’s MAP department at 2. Already a Member? Access your web- file here. Purchase Resources. NACA Overview. NACA Homebuyer's Workshop Presentation. NACA Homebuyer's Workbook. Purchase Meeting Presentation. Performance. If you need further assistance call NACA’s Member Services at 4.
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