Now that the market has "normalized" in many areas of the country, there may be an opportunity for first-time home buyers to take advantage of the services that NACA offers without having to compete against other offers. What is NACA? NACA stands for Neighborhood Assistance Corporation of America (NACA) and is a non-profit community advocacy and housing services organization. The organization provides loans to low and moderate income people and borrowers with B, C and sometimes D credit. The buyer pays no down payment, no closing costs, and no application fee AND the interest rate as of 7/18/06 is 6% on a 30 year fixed loan. The buyer must attend a Buyer workshop where the process will be explained. For more detailed information read 10 Steps to Owning A Home through NACA
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