What Is The NACA Mortgage?

NACA provides America’s best mortgage, helps homeowners achieve an affordable mortgage payment, and wages constant and aggressive battles against predatory lenders. There is simply no other program comparable in the entire nation. You have likely never heard of the organization as they pay for no advertising whatsoever. The organization is mostly “word of mouth” peer to peer.

The Neighborhood Assistance Corporation of America (“NACA”) is a non-profit, community advocacy and home ownership organization. NACA’s primary goal is to build strong, healthy neighborhoods in urban and rural areas nationwide through affordable home ownership. NACA has made the dream of home ownership a reality for thousands of working people by counseling them honestly and effectively, enabling even those with poor credit to purchase a home.13 Billion In CommitmentsStarted in 1988, NACA has a tremendous track record of successful advocacy against predatory and discriminatory lenders as well as providing the best mortgage program in America with $13+ billion in funding commitments. NACA is the largest housing services organization in the country and is rapidly expanding by growing its existing 40+ offices nationwide. NACA’s confrontational community organizing and unprecedented mortgage program have set the national standard for assisting people to achieve the dream of home ownership.

Everyone gets the same incredible terms, including the always below-market interest rate, regardless of their credit score or other factors. NACA also provides free, comprehensive housing services. NACA counsels Members into the extraordinary NACA mortgage using character-based lending criteria that takes each Member’s circumstances into account to determine whether they are ready for home ownership and what they can afford. This is in contrast to risk-based pricing where people are often given loans they cannot afford while brokers and others make tremendous fees and profits.

NACA has revolutionized mortgage lending with its mortgage services and advocacy. NACA’s organizing department continues the aggressive advocacy against predatory lenders and the fight for economic justice. NACA is a high-profile organization, with its program and advocacy featured in the national media, including the Wall Street Journal, Prime Time Live, Boston Globe, Washington Post, major news outlets, and local networks nationwide.

25 Years Of Victories & Results

Investing in working people

The NACA home ownership program is our answer to the huge subprime 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 people who have credit problems become homeowners or modify their predatory loan debunks the myth that high rates and fees are necessary to compensate for their “credit risk.”

NACA has a tremendous track record of successful advocacy against predatory and discriminatory lenders as well as providing the best mortgage program in America with $13+ billion in funding commitments. NACA is the largest housing services organization in the country and is rapidly expanding by growing its existing 40+ offices, headquartered in Boston, MA, opening many new offices nationwide, and expanding the services it offers its membership. NACA’s confrontational community organizing and unprecedented mortgage program have set the national standard for assisting low- and moderate-income people to achieve the dream of home ownership.

First To Take On Predatory Lenders

NACA – America’s Best Mortgage Program

The incredible NACA mortgage allows NACA Members to purchase their homes with:

 

Tips to be successful through the NACA program quicker:

  • Choose a NACA approved real estate firm to assist you with your purchase. Kristopher Fraley & his team are experts on the NACA program. By developing relationships with NACA counselors, departments heads, and regional program managers over the last decade we’ve helped guided many buyers through the program successfully. We are the only team in the DC, Maryland & Virginia area with a NACA Approved Realtors and an NACA Buy down Specialist. When you work with us, you get more than a single realtor.

  • You must be extremely patient, persistent, and determined.
  • Gather all documents as soon as possible and keep them organized.
  • Avoid withdrawing cash from ATM’s.
  • No late payments(Must have 1 year record of all payments on time).
  • Strong rental history.
  • Solid employment(2+ years recommended).
  • Always do what the counselor asks for, as soon as possible.
  • Do not make any large purchases, especially with credit.(buying new car, appliances, furniture, personal loans etc- always consult your counselor).
  • Clean up your last 2 years credit history(if needed).
  • Be completely honest about your financial situation during intake meeting.
  • Never miss a scheduled appointment with your counselor.
  • Scan documents into PDF files for ease of return access to them if necessary.

Everyone gets the same incredible terms, including the below-market interest rate, regardless of their credit score or other factors. NACA also provides free, comprehensive housing services. NACA counsels Members into the extraordinary NACA mortgage using character-based lending criteria that takes each Member’s circumstances into account to determine whether they are ready for home ownership and what they can afford. This is in contrast to risk-based pricing where people are often given loans they cannot afford while brokers and others make tremendous fees and profits.

Property renovation and foreclosure prevention

NACA also provides property renovation assistance and Membership Assistance for NACA homeowners. NACA’s Home and Neighborhood Development (“HAND”) Department addresses repair issues, and where appropriate provides rehab assistance throughout the renovation process. NACA’s Membership Assistance Program (MAP) provides comprehensive counseling for Members who are delinquent on their home payments, including establishing payment agreements and providing financial assistance to help Members avoid foreclosure.

Innovative technology

The NACA program has developed state-of-the-art mortgage software for web-based counseling, processing and underwriting, which is the envy of the mortgage industry. This is a paperless system that allows for character lending, loan processing and underwriting to be done on a very large scale.

Powerful national advocacy

NACA has revolutionized mortgage lending with its mortgage services and advocacy. NACA’s organizing department continues the aggressive advocacy against predatory lenders and the fight for economic justice. NACA is a high-profile organization, with its program and advocacy featured in the national media, including the Wall Street Journal, Prime Time Live, Boston Globe, Washington Post, major news outlets, and local networks nationwide.

Why The NACA Loan?