What is the qualification re-submission time frame in NACA?

The qualification re-submission time frame through the NACA program is typically 72 business day hours. Sundays, holidays and any other days the office is closed do not count toward those hours. This also does not take backlogs into account. Currently there is a large backlog through Bank Of America nationwide. Sometimes you hear back within a day sometimes it takes a week. It varies from time to time.

As far as the interest rate goes, the rate can fluctuate daily. Also, the rate advertised on their website may not be entirely accurate depending on which state you’re in. As of today the rate is currently 3.125%. Just try to ease your mind by remembering whatever rate you get with naca is lower than the lowest possible rate you can get anywhere else. NACA offers the best loan product of anywhere in the nation. The “catch” is it is by far the slowest mortgage product in the nation…

Kristopher Fraley , Realtor

A few years ago a serendipitous event(purchasing a home through the NACA program with a 0% 30 year fixed interest rate) inspired me to become a licensed real estate agent in the DC, Maryland & Virginia area, and I love it! There is nothing greater than giving back and its a fantastic process that I feel lucky to participate in. With so many money hungry sharks preying on innocent people in the real estate industry, I feel honored when people trust my team to help them obtain the best terms on a mortgage possible. I can be reached by emailing kris@no-downpayment.com