“I am currently in the process of purchasing my 1st home. So far so good. I have an amazing counselor that be walking me through this process and I’m very confident I will become a homeowner. Thank you Naca!”
“I am in the process of purchasing a home through NACA. It is a lengthy process but it is very well worth it. My counselor is very patient and knowledgeable. I look forward on continuing my process to the end.
Laura”
“Naca Program has been a blessing to me., So far my experience has been awesome the paper work was a lot but is worth it, you just have stay on top of everything your counselor request. now I'm in escrow for a 3 bedroom home its still unbelievable! thank you lord JESUS, thank you to my counselor: Lourdes woods, thank you to my realtor Antoin jackson Thank you so much to naca program for all your help! I'm looking forward for closing day!”
“NACA helped me and my wife purchase our first home! The counselor's were patient with us and guided through the entire process with patience. I definitely recommend working with NACA for your homebuying needs!”
“I have had a great experience working with NACA over the last few months. My counselor is very supportive, knowledgeable and detail oriented. She has kept me in the loop throughout the process. I look forward to completing the mortgage/home-buying process with NACA.”
“The NAAC program aligns perfectly with my goals, and I am excited to grow as a landlord through this valuable initiative. My mortgage counselor, Mr. Alex Garcia, is an incredible individual who is patient and genuinely dedicated to helping you get approved in a short period. If you follow his recommendations and instructions, you are bound to succeed in this program. So far, NAAC has proven to be the best housing program in the United States.”
“My experience buying with NACA (Neighborhood Assistance Corporation of America)
Over the past 4 years, I have been going through the whole process of buying a home for the first time and spent plenty of time on this sub to learn from others. Unfortunately, there aren't many posts about NACA, so I thought I'd share my experience so far of trying to buy a home with them for the next person who comes looking.
Pros:
1. No down payment and no PMI
2. No closing costs or fees
3. Lower Interest rates than the actual market
4. Homeownership and personal finance education through mandatory workshops
5. NACA team helping with the process
Cons:
1. Can be a longer and more intensive process
2. Stricter affordability limits (making sure you don't buy more than you can afford)
3. Property location limits (some high-income earners are limited to where they can buy)
The number one complaint I read about NACA is how long it takes to go through the process. This can be true for those unprepared to buy, as NACA requires specific requirements to be met before pre-approval. This includes things like 2 years at your job, several months of saving your desired monthly mortgage payment and reducing credit card debt. But the process can be quick and easy if you've already met those requirements.
My main advice is to go to the Counseling Sessions prepared. If possible, have all the required documents completed before your first meeting (this includes things like bank and credit card statements, tax documents, rent payments, etc.). You already know what they’re looking for because it’s all listed in the various handbooks, and they explain it all at the initial Workshop. Pay attention, keep notes, and ask questions. I had already been putting money away into a ’saving for house’ savings account, so I didn’t need to make any adjustments to show that I could save. But if you need to start putting money away, do so as soon as possible. Other than that, I have been lucky to have an experienced and helpful counselor,
All in all, so far, my experience with NACA is good. I certainly wouldn’t have been in a position to purchase a home at this time if I had to provide a down payment with a worse interest rate. I can either buy a cheaper one or wait another year or 2 to save up a down payment. Through NACA, I don’t have to compromise, but I also know I wouldn’t overbuy because of their thorough approval process. Good luck, everyone!”
“I have been working with NACA while preparing for a new home for my retirement. Their counselors are very helpful with the qualification process and work closely with you to get you qualified. I highly recommend this program for anyone trying to own their own home. It's the best program out there !”
“Me and my partner just started the NACA process and so far everything has been a wonderful and eye-opening experience! The program itself is great for providing great opportunities for first time home buyers. The 4 hour webinar explained the details of the program and me and my spouse continued the process. Once we filled out most of the info we needed on the NACA portal, we connected with our MC Antonio and he has been very helpful with the process. I hope we can continue working with him and with the NACA program to buy our first house!”
“I am grateful for my MC Melinda Thomas; she is attentive, thorough, and professional.
Melinda answers my emails on a timely fashion,
Thanks again,
Wilma Machado”
“NACA is a wonderful program! Customer service is excellent, and the agents are informative and kind. All of my questions are answered in a timely manner. Moving forward I will ruse NACA for other home buying projects.”
“I have just started the NACA mortgage process. Everything that I’ve learned is very detailed. NACA makes buying a home affordable for me especially being a first-time home buyer. My counselor that I’m working with has a lot of patience with me as well. I look forward to purchasing my first home through NACA.”
“NACA is a great non-profit home lender. They offer zero down, no mortgage insurance and a competitive interest rate. The process is some what cumbersome, because they want to make sure you can afford your mortgage payment.”
“Naca has been an invaluable help to us during the home buying process. Thanks especially to Alex García he was very helpfull and efficient working with us in every step untill we get the goal and thanks naca our duren bécame reality”
