Home Buyers Assistance

NACA provides everyone with one mortgage product which is the best one available anywhere. NACA is unique in that we counsel everyone into this one incredible product which makes homeownership affordable. The counseling is “Character Based” and not based on credit scores and ratios. We evaluate every person for their particular circumstances and determine whether they are ready for homeownership and what they can realistically afford. We are committed to working with people who do not have access to affordable credit. The vast majority of NACA Members are low- to moderate-income, first-time homeowners and have neither perfect credit nor substantial savings. It may not be immediate but if you stay with NACA you will become a homeowner.

NACA has over $10 Billion in mortgages to provide capital to working families to purchase homes on terms better than any others. NACA provides free personalized extensive counseling to homebuyers to address their particular credit and financial issues and help them determine their best home purchase options. The NACA Mortgage Consultant assists people throughout the home purchase process and once they become a homeowner, NACA will be there for as long as they have a mortgage through NACA. NACA also educates people on real estate issues, the home buying process, and homeownership. Then, NACA provides them with 30 year fixed rate mortgages at one-percent below market rates, that require no down payment, no closing costs, no application fees, no private mortgage insurance, and no requirement for perfect credit. NACA has made the dream of homeownership a reality for thousands of low to moderate income families, by counseling borrowers honestly and engaging in home-purchase and refinancing lending practices in the subprime market that are far better than those provided even in the prime market.

The NACA homeownership program is our answer to the huge sub-prime and predatory lending industry. NACA has conclusively shown that when working people get the benefit of a prime rate loan, they can resolve their financial problems, make their mortgage payments and become prime borrowers. NACA’s track record of helping homeowners with credit problems become homeowners or refinance out of a predatory loan debunks the myth that high rates and fees are necessary to compensate for their “credit risk.” The NACA Program features:

No Down Payment
No closing costs
No points
No fees
No yield spread premium
No pre-payment penalty
No balloon payment
No required credit life or other unnecessary and overpriced insurance
Property Types: one to four family, condos and co-ops
Property condition: existing, new construction, renovations or manufactured