-
Quick Tour
Connect. Share. Learn.Welcome to ActiveRain, the #1 social community for real estate professionals.- Explore the world's largest storehouse of real estate knowledge
- Access free training on ActiveRain University
- Share the experience of life in the real estate industry
- Grow your business through real estate blogging
- Blogs
-
Resources
Product Reviews Curious as to what others in your profession think about a certain product or tool? AR's community takes the time to leave honest and transparent reviews of their experiences so you can be a bit wiser about your purchase.
- Broken down by categories and subcategories for easy finds
- Get an unfiltered look at what real users are saying
- Leave a review yourself for others to benefit from
- Add new products as you use them and gain points for doing so
|
Find NJ real estate agents and Deptford real estate on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2013 ActiveRain Corp. All Rights Reserved
11 Comments on NACA Success Stories
Loan amount was $330,000. 30 year fixed at 4.93. I just closed on August 20. My workshop date was back in January 2007, but I waited a year until both my fiance and I found stable long term jobs. I met back up with my counselor for the first time in March 2008 and had everything ready, including saving my payment shock for 3 months. I was NACA approved at the end of July. The process was very tedious and the NACA people are very disorganized. However, I can't complain. I got an amazing product that I otherwise would have had no chance of having. I reccomend NACA only if you are patient and persistent. All in all, it was 100% worth it for me.
We got it done!
Thanks!
Dave Family, Share the details - loan amount, rate and time frame. You don't have to give up your address or identity.
Actually what I mean is we gave up.
It has been 9 months... a baby could have born by now.
It did not work for us. We give up!
Thanks anyway.
Dave Family, Don't give up - it is going to be worth it. Let me know what challenges you encountered maybe I could help you get it done.
Did you complete all the items on your task list?
Did you get the approval letter from NACA?
Give me some details so that I could help you get it done with NACA.
Eliud
I'm interested in purchasing a home through the NACA program, however i'm coserned that i do not have enough savings and i'm afarid that i might be rejected. What's the average savings that the program expects you to have before purchasing a home?
Minimum Required Funds for NACA
OK, let us make this more practical example ....
If in the neighborhood you are looking into has the annual property taxes of $4,000 then you should have $1,000 Saved.
If your annual homeowner insurance is $900, then you need to have $1,125 Saved
Home Inspection is about $475.00
Termite Inspection is about $85.00
Reserves - 2 months of mortgage payment - if your proposed mortgage payment is $1,000 then you need to have $2,000 Saved
You should consult a local realtor the costs of some of these items.
___________________________________________
not sure why my mortgage comp. just sent this to me. I have been trying to get a Modification from LPBS and I get this. Does this make sence??
David - not sure but NACA does provide FREE mortgage modification assistance around the country. Go to www.NACA.com
So, basically, if your are wanting to purchase through NACA as a first time hm buyer it will take about what 4 to 6 months to do so?
Ok 1st Time Home Buyer in GA -
If you have a credit score that is under 620 you can't go any where else.
If you want to get a loan with a FIX RATE for 30 years, with NO Down Payment, NO Closing Cost and NO PMI - you have to complete the entire approval process with NACA.
Ok, it may take 4 to 6 months - depending on your circumstances and the situation with availabilty in GA - but it is going to be worth your time and effort.
Eliud