NACA Program Eligibility Requirements

  • Always below market interest rate in the nation- typically .25-.5% lower.
  • Ability to buy interest rate down to 0.0625%(Yes, this is 1/16th of 1%, essentially 0%)- NACA exclusive.
  • 100% financing, NO down payment required.
  • 30 year loan buy down= 1 point = 1% of loan amount= .25% off interest rate ($300,000 1 point = $3000)
  • 15 year loan buy down= 1 point = 1% of loan amount= .5% off interest rate (300,000 1 point = $3000)
  • No closing costs- lender pays all closing costs.
  • No private mortgage insurance(PMI)– This in itself makes a FHA or Conventional loan obsolete.
  • No credit score check- NACA will not check your credit score, only recent 2 years history.
  • No perfect credit- a 500 credit score and 750 score individual are treated the same.
  • No points, no fees.(No origination fees, application fees, underwriting fees, document fees, processing fees, private mortgage insurance).
  • Lender pays appraisal, attorney fees, settlement agent fees, title insurance, transfer tax, all closing costs.
  • Home inspection & termite inspection must be completed.
  • Typically 45-60 day closings, sometimes can be quicker, its variable.
  • 15 & 30 year loan options- each loan has a different interest rate and buy down terms.
  • 669k max purchase price for District of Columbia(DC), 453k for Maryland(MD), Virginia(VA). Targeted members. Non targeted members still receive all of the NACA benefits, however max purchase price may vary.
  • Owner occupancy– Must live in the home you are purchasing. (Can rent portions of home such as basement, rooms etc)
  • NO investors- You must not currently have any real estate in your name.
  • Program is open to all individuals, not just first time home buyers.
  • There is no income minimum or maximum. You can earn for instance $20,000 or $1,000,000 a year.
  • No restricted purchasing areas. Entire DC/MD/VA serviced.
  • Properties eligible for purchase are: Single Family detached, Townhouses, Condominiums, Mixed use, Multi Family, Co-Op.
  • Purchase types allowed through the program: resale(MLS), For sale by owner(FSBO), Real estate owned(REO), HUD, New construction.
  • MRF(Minimum Required Funds) Required- Typically between 2-5k. This is determined while in the process.
  • Renovation loans are available.
  • All individuals must be represented by a NACA approved real estate agent, or team. We here at The Entourage Residential Group Would be more than pleased to assist you. We are experts on the NACA program with over a decade of NACA experience. 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 proud to put our knowledge and expertise to work for you. Our passion is to help you realize the American Dream!

Tips to be successful through the NACA program quicker:

  • Choose a NACA approved agent with decades of experience(The Entourage Residential Group would be delighted to assist).
  • 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.

A non-complete list of cities to buy through the NACA program in DC-District Of Columbia, MD- Maryland, VA-Virginia:

Arlington, Lorton, Springfield, Fort Belvoir, Fairfax Station, Newington, Alexandria, Burke, Mount Vernon, Fairfax, Clifton, Chantilly, Annandale, Merrifield, Falls Church, Centreville, Oakton, Vienna, Dunn Loring, Herndon, Reston, Mc Lean, West McLean, Greenway, Great Falls, Occoquan, Woodbridge, Dumfries, Triangle, Manassas, Quantico, Nokesville, Bristow, Catharpin, Gainesville, Haymarket, Lothian, Friendship, Tracys Landing, Harwood, Deale, Davidsonville, West River, Gambrills, Laurel, Churchton, Crofton, Galesville, Riva, Shady Side, Edgewater, Odenton, Mayo, Crownsville, Annapolis, Severn, Millersville, Hanover, Baltimore, Severna Park, Indian Head, Marbury, Bryans Road, Ironsides, Nanjemoy, Pomfret, Port Tobacco, Welcome, Waldorf, White Plains, La Plata, Bel Alton, Faulkner, Bryantown, Newburg, Hughesville, Mount Victoria, Issue, Benedict, Rock Point, Cobb Island, Fulton, Laurel, Highland, Savage, Annapolis Junction, Clarksville, Columbia, Simpsonville, Jessup, Dayton, Glenwood, Ellicott City, Elkridge, West Friendship, Bethesda, Glen Echo, Cabin John, Chevy Chase, Potomac, Takoma Park, Silver Spring, Kensington, Garrett Park, Rockville, Gaithersburg, Poolesville, Germantown, Washington Grove, Derwood, Spencerville, Montgomery Village, Olney, Burtonsville, Beallsville, Sandy Spring, Boyds, Ashton, Brinklow, Barnesville, Dickerson, Brookeville, Clarksburg, Damascus, Accokeek, Fort Washington, Oxon Hill, Temple Hills, Clinton, Capitol Heights, Suitland, Cheltenham, Andrews AFB, Brandywine, District Heights, Brentwood, Mount Rainier, Hyattsville, Bladensburg, Upper Marlboro, Riverdale, College Park, Lanham, Greenbelt, Bowie, Beltsville, Glenn Dale, Laurel, Washington DC, Arlington County, Fairfax County, Loudoun County, Prince William County, Anne Arundel County, Charles County, Howard County, Montgomery County, Prince Georges County, Keymar, Woodsboro, Walkersville, Frederick County, Frederick, Ballenger Creek, New Market, Mount Airy, Howard County, Columbia, Wheaton, Glenmont, Forest Glen, White Oak, Sykesville, West Minister, Taneytown, Brunswick, Knoxville, Point of Rocks, Poolesville, Hagerstown, Largo, Waldorf, Port Tobacco, La Plata, Crofton, Edgewater, Bowie, Laurel, Dundalk, Millersville, District Heights, Burtonsville, Colesville, Cloverly, Laytonsville, Leisure World, North Bethesda, Potomac, Montgomery Villeage, Brookeville, Darnestown, Boyds, Clarksburg, Urbana, Ijamsville, Kentlands, Buckeystown, Adamstown, Myersville, Jefferson, Middletown, Yellow Springs, Thurmont, Clover Hill, Libertytown, New London, Catonsville, Jessup, Fort Meade, Odenton, Glen Burnie, Pasadena, Severna Park, Towson, Pikesville, Reisterstown, Middle River, Crownsville