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What is naca home buying?
What is the naca home buying program?
Asked By Martin | Shelbyville, KY | 1556 views | Terms Definitions | Updated 1 week ago
Answer(4)
Amanda Courtney
REP Realty Group
NACA (Neighborhood Assistance Corporation of America) is a homeownership program that helps buyers qualify for loans with no down payment, no closing costs, and no private mortgage insurance. It’s designed for buyers with low to moderate income and focuses on affordability rather than credit score alone.
- 5 days ago
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Julianne Clark | Your Lowcountry Compass
Charter One Realty
The NACA Home Buying Program is a non-profit initiative that offers affordable mortgages with no down payment or closing costs to low-to-moderate income individuals, along with credit counseling and member advocacy support. Their aims is to provide access to affordable loans and promote fair lending practices for underserved communities.
- 2 years ago
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Lonnie Gilmore
Keller Williams Flagship
The NACA program is basically the closest thing to a homebuyer cheat code you’re going to find. It’s a HUD-certified nonprofit that lets buyers get into a home with zero down payment, zero closing costs, no lender fees, no PMI, and interest rates that usually beat what the banks are offering—and they don’t base your rate on your credit score. For a buyer who thinks they’re locked out of the market, this program removes the biggest obstacles right out of the gate. You don’t need a pile of cash, and your monthly payment ends up way more affordable because you’re not getting hit with PMI or an inflated rate.
Now, it does take patience. NACA makes you budget, upload documents, talk to a counselor, and actually prove you can afford the home—so you can’t just wing it. But that structure is why buyers who come through NACA are usually stronger, more prepared, and way more confident when they write an offer. If someone is serious about owning a home but doesn’t have tens of thousands saved or perfect credit, NACA is one of the smartest routes they can take, and the long-term savings are real.
Now, it does take patience. NACA makes you budget, upload documents, talk to a counselor, and actually prove you can afford the home—so you can’t just wing it. But that structure is why buyers who come through NACA are usually stronger, more prepared, and way more confident when they write an offer. If someone is serious about owning a home but doesn’t have tens of thousands saved or perfect credit, NACA is one of the smartest routes they can take, and the long-term savings are real.
- 2 days ago
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William Michaels
PorchLight Realty
NACA is the Neighborhood Assistance Corporation of America. They are a nonprofit organization that assists lower income buyers in obtaining affordable housing in urban and rural areas. They offer no down payment, no closing costs and its not based on credit. It is a long process but once you get there, it is very beneficial. I believe they are backed by Bank of America. Just go to naca.com and follow the steps. You have to watch a web presentation first.
- 2 years ago
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