NACA has exclusive deals with two of the country’s largest lenders: Citi Mortgage & Bank of America.
These lenders have committed over 13+ billion dollars into the NACA program to assist people obtain a truly affordable mortgage, with the best terms possible.
NACA’s offers 15 & 30 year loan options that are always below market interest rate. Well, what does that actually mean? It means just that. You will not find a lower starting fixed interest rate anywhere in the country. The difference in a fraction of a percent for a loan in the hundreds of thousands of dollars can add up over time. That quarter to half percent lower(which is typically what NACA is) can make a big difference.
Alot of lenders like to advertise “lower interest rates” but they always get your money one way or another. It may be through closing costs, private mortgage insurance, down payments, application fees, etc. You pay NONE of these through the NACA program.
NACA’s rates are typically .25-.5% lower than anywhere in the nation.
Not to mention if you utilize the interest rate buy down through the program, you can truly take advantage of all NACA has to offer.
There are people all around the nation with interest rates as low as .8%, 1.2% 2% 2.875%, the lowest allowed by law is 0.0625%.