I have this love hate relationship with NACA, on one hand NACA is an awesome mortgage program that provides the opportunity of home ownership to individuals that would not otherwise qualify to purchase. I mean honestly, where else can you get 100% financing with no money down. Closing costs paid/ buy down your interest rate to almost ZERO and have the lender not use your credit score... Yes, if you didn't know, NACA is not credit score driven. On the other hand, NACA doesn't have the best customer service. They may have good intentions, but they are overworked and overwhelmed. So they are probably going to misplace your paperwork once or twice... I guarantee it. Just resubmit it. They may even take a few days to respond to emails, It's ok. In the end... when you walk out the door with a rate under 2%...will you even remember... Will you even care.. Keeping in mind that the interest varies based on your unique situation.... I personally have a 2 % fixed rate with NACA... I wake up happy everyday!
I'm a licensed Real Estate Broker and Realtor. I personally went through the NACA program to purchase my home in March of 2009. 6 bedrooms on a finished basement in Decatur... over 5000 sq ft... I love my home... payment is under $800 in a swim/tennis community. NACA is not just for folks with bad credit, you can have perfect credit and use NACA Everything that you are going to have to go through, I went through... I've done what feels like hundreds of NACA transactions. I consider myself a NACA guru as do my satisfied buyers. My buyers will attest that I know NACA and I know how to navigate NACA in the shortest time possible.
The key to NACA is #1. Having a Realtor who knows the NACA program inside and out. That would be me. #2 is getting organized and prepared.... Having all your documents ready to go is key. #3 Do exactly what NACA tells you to do. The hardest part is attending a workshop! Once you meet with a loan counselor, NACA will give you a task list, your task list will tell you everything you must do to get to closing.. #4 Start NACA well in advance of when you think you are going to buy a home. Let me explain something... there is nothing that you will do for NACA that you would not have done if you already had a 750 credit score.. so yes, you must pay your bills on time....yes, you must begin to save money... yes, you might need to write a few letters explaining why you were late... so what...just do it...
I consider NACA to be the best mortgage program on the market Hands Down! If you need and want more information on how to navigate and get a home through the NACA program contact me. Atlanta Metro Realtor #NACADIVA # Marvette Critney - Opulence Real Estate Group LLC 4043964519