american enterprise institute: NACA, BofA, Citibank Team to Provide "Wealth-Building Loans"
- 01/26/15 07:27 AM
A fifteen year mortgage loan with no down payment, no closing costs, no mortgage insurance, a fixed interest rate of 2.5% (that can be bought down), and borrowers that are less than three years out from a short sale - sounds unbelievable doesn't it? The Neighborhood Assistance Corporation of America ("NACA") has teamed up with Bank of America ("BofA") and Citibank to provide such loans to home buyers according to a report in The Pueblo Chieftain that was brought to the forefront by National Mortgage Professional Magazine. The loan product was originally developed by American Enterprise Institute and is referred to as a … (9 comments)
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Randy Kirsch
(NMLS# 1012303) Your Dedicated Mortgage Consultant
A fifteen year mortgage loan with no down payment, no closing costs, no mortgage insurance, a fixed interest rate of 2.5% (that can be bought down), and borrowers that are less than three years out from a short sale - sounds unbelievable doesn't it? The Neighborhood Assistance Corporation of America ("NACA") has teamed up with Bank of America ("BofA") and Citibank to provide such loans to home buyers according to a report in The Pueblo Chieftain that was brought to the forefront by National Mortgage Professional Magazine. The loan product was originally developed by American Enterprise Institute and is referred to as a … (9 comments)
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