0% financing, No Closing Cost, No fees, Perfect Credit Not Required and get as low as a 0% interest rate....

By
Real Estate Agent with Amanda Realty Group (Alexander Realty)

 

 

The Neighborhood Assistance Corporation of America ("NACA") is a non-profit, community advocacy and homeownership organization. NACA's primary goal is to build strong, healthy neighborhoods in urban and rural areas nationwide through affordable homeownership. NACA has made the dream of homeownership a reality for thousands of working people by counseling them honestly and effectively, enabling even those with poor credit to purchase a home or refinance a predatory loan with far better terms than those provided even in the prime market.

Investing in working people
The NACA homeownership program is our answer to the huge subprime and predatory lending industry. NACA has conclusively shown that when working people get the benefit of a prime rate loan, they can resolve their financial problems, make their mortgage payments and become prime borrowers. NACA's track record of helping people who have credit problems become homeowners or refinance out of a predatory loan debunks the myth that high rates and fees are necessary to compensate for their "credit risk."

Started in 1988, NACA has a tremendous track record of successful advocacy against predatory and discriminatory lenders as well as providing the best mortgage program in America with $10 billion in funding commitments. NACA is the largest housing services organization in the country and is rapidly expanding by growing its existing 30+ offices, headquartered in Boston, MA, opening many new offices nationwide, and expanding the services it offers its membership. NACA's confrontational community organizing and unprecedented mortgage program have set the national standard for assisting low- and moderate-income people to achieve the dream of homeownership.

NACA - America's Best Mortgage Program
The incredible NACA mortgage allows NACA Members to purchase or refinance homes with:

  • no down payment,
  • no closing costs,
  • no fees,
  • no requirement for perfect credit,
  • and at a below-market interest rate.


Everyone gets the same incredible terms, including the below-market interest rate, regardless of their credit score or other factors. NACA also provides free, comprehensive housing services. NACA counsels Members into the extraordinary NACA mortgage using character-based lending criteria that takes each Member's circumstances into account to determine whether they are ready for homeownership and what they can afford. This is in contrast to risk-based pricing where people are often given loans they cannot afford while brokers and others make tremendous fees and profits.

Property renovation and foreclosure prevention
NACA also provides property renovation assistance and Membership Assistance for NACA homeowners. NACA's Home and Neighborhood Development ("HAND") Department addresses repair issues, and where appropriate provides rehab assistance throughout the renovation process. NACA's Membership Assistance Program (MAP) provides comprehensive counseling for Members who are delinquent on their home payments, including establishing payment agreements and providing financial assistance to help Members avoid foreclosure.

Innovative technology
The NACA program has developed state-of-the-art mortgage software for web-based counseling, processing and underwriting., called "NACA Lynx", which is the envy of the mortgage industry. This is a paperless system that allows for character lending, loan processing and underwriting to be done on a very large scale.

Powerful national advocacy
NACA has revolutionized mortgage lending with its mortgage services and advocacy. NACA's organizing department continues the aggressive advocacy against predatory lenders and the fight for economic justice. NACA is a high-profile organization, with its program and advocacy featured in the national media, including the Wall Street Journal, Prime Time Live, Boston Globe, Washington Post, major news outlets, and local networks nationwide.

NACA's committed staff and contacting NACA
Our staff of hundreds of dedicated staff is committed to working with you to access this incredible mortgage product and to advocate for strong neighborhoods and economic justice. We are always looking for qualified staff-see our current job listings for details. To keep updated on NACA services, campaigns, and relevant legislative happenings, sign up TODAY.

 

For More information on how this program can work for you contact me today

Amanda Alejandro

www.realestatealejandro.com

J.L Nolan Realestate L.L.C

Offering Innovative Service that work

Posted by

Amanda Alejandro

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Charles Stallions 10/15/2009 12:31 PM
Location:
Missouri
Groups:
Active Rain Newbies
Realtors®
Posts to Localism
Tags:
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ofallon homes for sale

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Rainmaker
631,202
Don Rogers
Keller Williams Realty Chesterfield - O'Fallon, MO
Realtor, Broker, CDPE, GRI, OnullFallon MO & St Charles County MO homes

Good afternoon Ms. Amanda,

The more I read about NACA the more I am starting to like them.  We have a couple of agents in the office that are vrey PRO about NACA and they have spoken very highly of them and the work they do.

Oct 15, 2009 05:25 AM #1
Rainer
30,625
Amanda Alejandro
Amanda Realty Group (Alexander Realty) - Saint Charles, MO
President Amanda Alejandro Realty Group

its a great program. We have had two calsses at the board for it. you should come to the next one. there are a few things you have to do differently with the contracts but nothing extreme.

Oct 15, 2009 05:55 AM #2
Rainmaker
2,458,587
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

We need some more good programs and these seem alright. I will have to look further and see. Happy Selling

Oct 15, 2009 01:13 PM #3
Rainer
30,625
Amanda Alejandro
Amanda Realty Group (Alexander Realty) - Saint Charles, MO
President Amanda Alejandro Realty Group

Charles look into this... its a great program

Oct 22, 2009 05:37 AM #4
Anonymous
Trying NACA

I am having just a miserable time with NACA and hope you can offer encouragement.  Is there any other lender/group out there that will allow a buy down of the interest rate?  I'm seeing so far that all other options involve higher interest rates than NACA but close in a matter of weeks rather than the months and months that I have been waiting.  I am purchasing (finanlly got it out of divorce court) my exhusband's home (our marital home) for the remainder of the mortgage.  It is valued at over $375,000 and I will buy it for under $240,000.  My mother (cancer victim) took a reverse mortgage to pay her bills and provide me with $120K.  With that I hoped to buy down my interest rate and will need a loan in the range of $120K.  Employed at a major lawfirm for 5 years, zero debt - still waiting - still no contact from counselor - months now!  I believe it is with the underwriter but that is only Step 2 of 10 steps!  With no feedback I do not know what to provide them to finish this - horrible.  I am considering a complaint to my State's Attorney's Office as well as HUD.  Any suggestions would be greatly appreciated as at this point even my mom, who thought she was doing a good thing securing her family's future and doesn't need the stress, has had enough.

Nov 05, 2009 07:25 AM #5
Rainer
30,625
Amanda Alejandro
Amanda Realty Group (Alexander Realty) - Saint Charles, MO
President Amanda Alejandro Realty Group

wow I would be more than happy to address your concerns. yes there are many programs out there through conventional brokers to buy down your  rate. You can only buy it down so far. Naca is different in the since there rates are already under market and you can buy it down as low as needed. What is your naca contact needing from you to get your process completed? Normally the process takes as long as the buyer or sellers needs to get everything they request? I might be alble to get a naca rep to call you and or we can check into the other routes for you.

Nov 06, 2009 07:07 AM #6
Anonymous
Trying NACA

Thank you so much!  Since my last writing I am still in the same position.  I have written directly to Bruce Marks, Neil Mulligan and James Dagostino.  They have been very helpful in that I believe my file may actually be with the underwriter.  My on-line file is useless, no direction, no advice, no task list.  They say and I believe they require nothing more from me.  With so much available cash I had no sticker shock, no bills, no debt - I also have received no advice regarding anything I should correct or do.  I was told that my counselor wrote the "underwriter" November 21 asking what else was needed and has received no response yet.  I do not even have a qualification letter - there is nothing to show for my efforts.  My divorce court judge would like to know why I cannot complete this otherwise simple task and I cannot even show him a basic progress report.  At this point the fact that I will still need an inspection, appraisal and re-review by my counselor, etc., etc. through 16 Steps is beyond daunting, it's depressing, because I am certain each of these additional steps will take months to complete.  My counselor only reached out to me once and that was after I had sent successive mailings (including one via UPS) to Bruce Marks.  That communication from my counselor requested that I re-submit what I had previously given to him in person and watched him upload to the site and pay for additional credit reports that they never advised or counseled me about.  I don't know my score relative to NACA's requirements and there is no information in my webfile.  Perhaps the assistance of a Realtor would have helped although it would seem odd to hire a realtor to purchase the home I reside in.  I had thought with this much qualification and all my ducks in a row this would go quickly and I would be assisting others and volunteering (they haven't responded to me regarding that either) and telling a success story.  The money I can save through a buy-down as low as NACA offers can provide tremendous benefit to my college age children and family or I would have abandoned this long ago!  Any assistance would be tremendously appreciated and thank you for allowing me to share this here.

Dec 16, 2009 07:24 AM #7
Rainer
30,625
Amanda Alejandro
Amanda Realty Group (Alexander Realty) - Saint Charles, MO
President Amanda Alejandro Realty Group

I am going to send what your saing to my naca rep here and see if he can dig into what your issue is. it sound like to me that the underwriter isn't doing there job. what is your contact information so that I may send this to him. you can email it to me if you'd like amanda@realestatealejandro.com

Dec 19, 2009 05:14 AM #8
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Rainer
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Amanda Alejandro

President Amanda Alejandro Realty Group
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