Step 8- Mortgage Processing & Underwriting

NACA’s Underwriting and Processing Departments will facilitate the underwriting and processing of your loan at the lender. There should be few conditions on your mortgage since any lender issues would have been addressed at NACA Qualification and addressed prior to the time the mortgage application was taken. Because of all the pre-application work, participating lenders approve virtually all mortgage applications.

You will need to constantly check your NACA webfile to complete any conditions that need to be met. You can also check the status of your mortgage loan through citi by visiting HERE and entering in your loan application #.

During this time period, you should begin looking for homeowner’s insurance(3 quotes are necessary) and provide proof of insurance as well as finalize all bids and the rehab budget.(if applicable). You must also do a walk-through of the property just prior to closing to make sure that there is no new damage, that the property is vacant and clean, and that you are satisfied with any agreed upon repairs.

Step 1- Initial Home Buyer Workshop

Step 2- Housing Counseling & Preparation

Step 3- NACA Qualification

Step 4- Housing Search/ Agent Representation

Step 5- Purchase & Sale Contract

Step 6- Property Condition/Repairs

Step 7- NACA Credit Access & Bank Application

Step 8- Mortgage Processing & Underwriting

Step 9- CONGRATULATIONS! Closing Day & KEYS!

Step 10- Post Purchase Membership Assistance Program