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.

Tips to be successful through the NACA program quicker:

  • 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:

Abell, Aberdeen, Abingdon, Accokeek, Adamstown, Adamstown, Adelphi, Aldie, Alexandria, Amissville, Andrews Air Force Base, Annandale, Annapolis, Aquasco, Annapolis Junction, Anne Arundel County, Arlington, Arlington County, Arlington Va, Arnold, Aroda, Ashburn, Ashton, Augusta Avenue, Baker, Baldwin, Ballenger Creek, Baltimore, Baltimore City, Barboursville, Barnesville, Basye, Bealeton, Beaverdam, Beallsville, Bel Air, Bel Alton, Beltsville, Benedict, Bentonville, Berkeley Springs, Berlin, Berryville, Berwyn Heights, Bethesda, Betterton, Big Cove, Tannery, Big Pool, Bladensburg, Bloomery, Bluemont, Boonsboro, Bowie, Boyce, Boyds, Bozman, Brandy Station, Brandywine, Breezewood Brentwood, Brinklow, Bristow, Broad Run, Broadlands, Brookeville, Broomes Island, Brunswick, Bryans Road, Bryantown, Buckeystown, Bumpass, Bunker Hill, Burke Burlington, Burtonsville, Bushwood, Cabin John, Cabins, California, Callaway, Cambridge, Capitol Heights, Capon Bridge, Cascade, Castleton, Catharpin, Catharpin, Catlett, Catonsville, Cecilton, Centreville, Chantilly, Chaptico, Charlestown, Charles County, Charlotte Hall, Cheltenham, Chesapeake Beach, Chesapeake City, Chester, Gap, Chestertown, Chestnut Hill Cove, Cheverly, Chevy Chase, Church Hill, Churchton, Churchville, Clarksburg, Clarksville, Clear Brook, Clear Spring, Clifton, Clinton, Clover Hil,l Cloverly, Cobb Island, Cockeysville, College Park, Colesville, Colora, Columbia, Conowingo, Cooksville, Cordova, Corriganville, Crapo, Cresaptown, Crisfield, Crofton, Cross Junction, Crownsville, Crumpton, Culpeper, Cumberland, Damascus, Dameron, Darlington, Darnestown, Davidsonville, Dayton, Deale, Delaplane, Delmar, Delray, Denton, Derwood, Dickerson, District Heights, Dowell, Drayden, Dumfries, Dundalk, Dunkirk, Dunn Loring, Earleville East, New Market, Easton, Edgewater, Edgewood, Edinburg, Eldersburg, Elkridge, Elkton, Elkwood, Ellerslie, Ellicott City, Emmitsburg, Essex, Fairfax, Fairfax County, Fairfax Station, Fairmount Heights, Fairplay, Falling Waters, Falls Church, Fallston, Falmouth, Faulkner, Federalsburg, Finksburg, Fishing Creek, Flint Hill, Flintstone, Forest Glen, Forest Hill, Fort Ashby, Fort Belvoir, Fort Littleton, Fort Meade, Fort Valley, Fort Washington, Frederick, Frederick County, Fredericksburg, Freeland, Friendship, Friendsville, Front Royal, Frostburg, Fruitland, Fulton, Gainesville, Gaithersburg, Galena, Galesville, Gambrills, Garrett Park, Garrison, Germantown, Gerrardstown, Gibson Island, Glen Arm, Glen Burnie, Glen Echo, Glenarden, Glenelg, Glenmont, Glenn Dale, Glenwood, Glyndon, Goldsboro, Goldvein, Gordonsville, Grantsville, Grasonville, Great Cacapon, Great Falls, Great Mills, Green Spring, Greenbelt, Greensboro, Greenway, Gwynn Oak, Hagerstown, Halethorpe, Hamilton, Hampstead, Hancock, Hanover, Harmans, Harrisonville, Harwood, Havre De Grace, Haymarket, Hedgesville, Henderson, Herndon, High View, Highland, Hollywood, Hughesville, Howard County, Hume, Huntingtown, Huntly Hurlock, Hyattsville, Idlewylde, Ijamsville, Indian Head, Inwood, Ironsides Issue, Jarrettsville, Jefferson, Jeffersonton, Jessup, Joppa, Kearneysville, Keedysville, Kennedyville, Kensington, Kentlands, Keymar, Kingsville, Knoxville, La Plata, Lake Frederick, Landover, Lanham, Largo, Lavale, Laytonsville, Leesburg, Leisure World, Leon, Leonardtown, Lexington Park, Lignum, Libertytown, Linden, Linthicum, Linthicum Heights, Locust Grove, Lonaconing, Lorton, Lost City, Lost River, Lothian, Loudoun County, Lovettsville, Lusby, Lutherville, Timonium, Madison, Manassas, Manchester, Marbury, Markham, Marriottsville, Marshall, Martinsburg, Marydel, Mathias, Maugansville, Maurertown, Maysville, Mayo,  McLean, Mcdaniel, Mechanicsville, Merrifield, Middle River, Middleburg, Middletown, Midland, Millers, Millersville, Millington, Mineral, Mitchells, Mitchellville, Monkton, Monrovia, Montgomery Village, Montgomery County, Moorefield, Mount Airy, Mount Jackson, Mount Rainier, Mount Savage, Mount Storm, Mount Vernon, Mount Victoria, Myersville, Nanjemoy, National Harbor, Neavitt, Needmore, New Carrollton, New Creek, New Market, New London, New Windsor, Newburg, Nokesville, Newington, Nokesville, North Beach, North Bethesda, North East, North Potomac, Nottingham, Oak Hill, Oakland, Oakton, Occoquan, Ocean City, Ocean Pines, Odenton, Old Fields, Oldtown, Olney, Owings Mills, Oxford, Oxon Hill, Paeonian Springs, Paris Park Hall, Parkton, Parkville, Partlow, Pasadena, Paw Paw, Perry Hall, Perryville, Petersburg, Phoenix, Pikesville, Piney Point, Point of Rocks, Points, Pomfret, Poolesville, Port Deposit, Port Republic, Port Tobacco, Potomac, Potomac Falls, Preston, Prince Frederick, Prince Georges County, Prince William County, Princess Anne, Purcellville, Purgitsville, Pylesville, Quantico, Queen Anne, Queenstown, Quicksburg, Randallstown, Rapidan, Rawlings, Reisterstown, Remington Reston, Reston, Reva, Rhoadesville, Richardsville, Ridge, Ridgeley, Ridgely, Rileyville, Rio, Rising Sun, Riva Riva, Riverdale, Rixeyville, Rochelle, Rock Hall, Rock Point, Rockville, Rohrersville, Romney, Rosedale, Round Hill, Royal Oak, Sabillasville, Saint Inigoes, Saint Leonard, Saint Michaels, Salisbury, Sandy Spring, Savage, Scotland, Severn, Severna Park, Shady Side, Sharpsburg, Shenandoah, Sherwood, Silver Spring, Slanesville, Simpsonville, Smithsburg, Solomons, Somerset, Sparks, Glencoe, Sparrows Point, Spencerville, Sperryville, Spotsylvania, Springdale, Springfield, Saint Leonard, Saint Michaels, Stafford, Stanley Star, Tannery, Stephens City, Stephenson, Sterling, Stevensville, Still Pond, Stoney Beach, Strasburg Street, Sudlersville, Suitland, Sumerduck, Sunderland, Swan Point, Swanton, Sykesville, Takoma Park, Tall Timbers, Taneytown, Taylors Island, Temple Hills, The Plains, Thurmont, Tilghman, Toddville, Toms Brook, Towson, Tracys Landing, Trappe, Triangle, Union Bridge, Unionville, Upper Marlboro, Upperco, Upperville, Urbana, Vienna, Waldorf, Walkersville, Wardensville, Warfordsburg, Warrenton, Warwick, Washington, Washington DC, Washington Grove, Waterford, West Friendship, West River, West McLean, West Minister, West River, Westernport, Westminster, White Hall, Wheaton, White Marsh, White Oak, White Plains, White Post, Whiteford, Williamsport, Winchester, Windsor Mill, Wittman, Woodbine, Woodbridge, Woodford, Woodsboro, Woodstock, Woodville, Woolford, Worton, Wye Mills, Yellow Spring