I’m considering a mortgage through NACA (Neighborhood Assistance Corporation of America) and would like to understand more about their interest rates. What are the current interest rates offered by NACA, and how do they compare to traditional lenders? Additionally, what are the benefits and eligibility requirements associated with NACA’s mortgage programs?
You seem to have had an excellent team supporting you, which led to an excellent purchasing experience. I closed in March after using NACA as well.
My realtor had told me when we first met that my prior mortgage counselor had been awful. Because of his negative past encounters with her, he recommended that we seek out a different mortgage counselor. After working with my excellent next counselor, the purchasing process went really well.
NACA offers competitive interest rates, often lower than traditional lenders because they aim to make homeownership more accessible. Their rates fluctuate, so it’s best to check their website for current figures. The benefits of NACA’s mortgage programs include no down payment, no closing costs, no fees, and below-market fixed interest rates. To be eligible, you need to complete a NACA workshop, meet income requirements, and demonstrate the ability to afford mortgage payments. This program is particularly beneficial for those who might struggle with traditional mortgage qualifications.