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NACA Qualification Workshop

Nearly 1,000 future homeowners participate in a workshop to begin qualifying for NACA's Best in America mortgage program at a recent Achieve the Dream event in Queens, NY. The workshop is the first of the four step process used by NACA to qualify low and moderate income buyers for an affordable mortgage that features no down payment, no closing costs, no PMI and provides everyone with the same fixed below-market interest rate. NACA's full doCument underwriting process eliminates the need to use credit scores as well and focuses on payment of the obligations that are within the buyer's control.

NACA TO HOLD HOMEOWNERSHIP EVENT FOR THOUSANDS IN ST. LOUIS

 

LOW-TO-MODERATE INCOME PEOPLE WILL ACCESS NACA’S BEST IN AMERICA MORTGAGE WITH NO DOWN PAYMENT, NO CLOSING COSTS AT BELOW MARKET FIXED RATE

 

(ST. LOUIS – September 12, 2019) - NACA (Neighborhood Assistance Corporation of America), the nation’s largest HUD certified, non-profit housing counseling and community advocacy organization, is bringing a massive homeownership event to St. Louis for four days from Thursday, September 19th through Sunday, September 22nd at the Lumiere Place Hotel, 999 North Second Street in St. Louis.   This “Achieve the Dream” event will bring extraordinary homeownership opportunities with NACA’s Best in America Mortgage program. Thousands of people will attend from the St. Louis area and across the country to take advantage of NACA’s program (event flyer). 

 

During this one-stop mortgage operation, the NACA program provides unprecedented homeownership opportunities for low to moderate income homebuyers with the Best in America mortgage that requires no down payment, no closing costs, no PMI, at a below-market fixed rate and without consideration of a homebuyer’s credit score.  The interest rate is 3.25% APR for 30-year fixed and 2.75% APR 15-year fixed (as of 9/10/19).  As Forbes magazine noted, every lender with a low down payment mortgage charges a different interest rate depending on the borrowers circumstances. Then they pointed out, “There is one exception, NACA, that charges the same rate regardless of the credit score”.  Bank of America has committed $10 Billion to the NACA mortgage.  NACA counselors and underwriters will be on-site at the event to approve many homebuyers in one day for the NACA Mortgage.

 

(VIDEO: US Comptroller of the Currency Joseph Otting Visits Achieve the Dream Event in Baltimore)

 

"It may sound too good to be true”, states Bruce Marks, NACA’s CEO and founder, but NACA has a tremendous track record of unprecedented success over 20 years with this one outstanding mortgage.  With more than 60,000 NACA homeowners and one of the lowest foreclosure rates, we have demonstrated that working people with limited savings make their mortgage payments.  As good as it sounds, it is even better, which is why thousands of homebuyers attend each of our Achieve the Dream events.”  

 

The St. Louis Achieve the Dream event runs from Thursday, September 19th through Sunday, September 22nd, from 8:00 AM to 8:00 PM each day. Tens of thousands of people have attended the 23 previous Achieve the Dream events across the country, which have destroyed the myth that it is not possible to lend on affordable terms to low-to-moderate income and minority individuals. The Achieve the Dream event is open to all prospective homebuyers and all current homeowners who have an unaffordable mortgage. NACA services are free of charge and walk-ins are welcome. (click for CNBC story) 

Media Links:

Local 10 Miami

NACA Video

Hawaii Public Radio

Spectrum News Charlotte

About NACA (www.naca.com):

The Neighborhood Assistance Corporation of America (NACA) is a non-profit organization dedicated to economic justice through affordable home ownership and community action. Founded by Bruce Marks over thirty years ago, NACA is the largest HUD certified counseling agency with more than two million members nationwide. NACA's proven process has established the national standard for low to modest income people realize the American dream of homeownership. NACA also has an impressive track record assisting homeowners. During the mortgage crisis, through NACA's Save the Dream events, more than 250,000 homeowners were able to modify their unaffordable mortgages. Now, NACA's Achieve the Dream events provide the same extraordinary outcomes for many thousands of homebuyers.  www.naca.com. Event flyer. #AchieveTheDreamNACA.

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