WWW.NACA.COM - First time homebuyer? NO closing cost, NO downpayment, LOW Interest

[glen107wood]

Re: WWW.NACA.COM - First time homebuyer? NO closing cost, NO downpayment, LOW Inter

I was actually talking about this @ work.
I'm interested in buying a home and this lady was trying to put me on to them.
I was reading the website and
(1) They say they take out a lien on the property when you buy it to make sure that you basically don't "abuse" the system but at the same time say you can move
(1b) They say the banks have their own "preventative" measures installed to prevent abuse "moving"
(2) They don't charge PMI but DO charge 50.00 a month which is kind of pointless since you only have to pay PMI anyway until you meet 20% of your mortgage.
(3) You MUST attend 5 meetings a year...

I want to attend the Aug meeting that their going to have here but after reading all of that I really dont see the point... and honestly I WANT to put down a downpayment.

go BACK to there site and start playing with the mortgage amortization schedule that they have. enter in your down payment without buying down you interest rate and see how much you end up paying overall (principle plus interest) and then see how much you pay overall if you take that same "down payment" money and use it to buy down your interest. i bet you come out better buying down the interest.

 

[glen107wood]

Re: WWW.NACA.COM - First time homebuyer? NO closing cost, NO downpayment, LOW Inter

I have a friend who is getting his home through this program. The credit check is pretty thorough (as far as the documentation needed to actually qualify for the program). It seems legit and he hasn't had any problems going through it.

This isn't a scam, but they are very thorough. They are also a non profit organization.

http://answers.yahoo.com/question/index?qid=20071105072420AAJVoSj&show=7

i dont think they do a credit check. you will need to prove your debt to income ratio and that you can ACTUALLY afford to take on mortgage payments.

 

[PEACE1]

Re: WWW.NACA.COM - First time homebuyer? NO closing cost, NO downpayment, LOW Inter

WWW.NACA.COM

Fam...... Go check it out. Now is the time to get your ducks in a row. The economy is fucked up... plan for the future. Being a homeowner is a secure investment.

I'm in the program. I do not work for them or with them, just thought I'd make it known for the fam. I always hear my black people talking about wanting a house, but not having everything together to get one.

Cosign!!!!

Black folks follow this link. Don't hesitate. I've been in the real estate business for years. This is one of the last chances for blacks to secure themselves with REAL estate. Do it before they end up folding, because of some tight wallet banks. HURRY!!!!!!!!!!!

 

[BGLR1212000]

Re: WWW.NACA.COM - First time homebuyer? NO closing cost, NO downpayment, LOW Inter

My sister was gonna get a house through them when she was looking to buy her first home. This was back in 2001 so I'm pretty sure NACA is legit.

 

[PEACE1]

Re: WWW.NACA.COM - First time homebuyer? NO closing cost, NO downpayment, LOW Inter

My sister was gonna get a house through them when she was looking to buy her first home. This was back in 2001 so I'm pretty sure NACA is legit.

My wife and I send our a lot of our client through them, that have a credit issues.

 

[dHustla]

Re: WWW.NACA.COM - First time homebuyer? NO closing cost, NO downpayment, LOW Inter

bump-a-lump

 

[kenbgco68]

Re: WWW.NACA.COM - First time homebuyer? NO closing cost, NO downpayment, LOW Inter

Thanks for the link and info, Dhustla.

 

[PointyHeadPimp]

Re: WWW.NACA.COM - First time homebuyer? NO closing cost, NO downpayment, LOW Inter

Am I really bumping a 2008 thread or is the date on the post wrong because of the upgrade HNIC is doing...Idk...but I was looking for some info on this program and searched for it on here and decided to bump this for the fam, because I've heard people have had ups and downs with the program, but that it actually is legit and has helped people...

 

[NYCg]

Re: WWW.NACA.COM - First time homebuyer? NO closing cost, NO downpayment, LOW Inter

My sister just purchased her first home last month through NACA, and was a member for about two yeards. Her friends did as well a couple years back.

I start orientation next week.

 

[NYCg]

Re: WWW.NACA.COM - First time homebuyer? NO closing cost, NO downpayment, LOW Inter

When I recommend NACA I tell people to seek other loans from banks and see which comes through better in the end.

 

[dHustla]

Re: WWW.NACA.COM - First time homebuyer? NO closing cost, NO downpayment, LOW Inter

bump... Anybody here closed on a house using NACA?

 

[sumofyallniggasisbitches2]

Re: WWW.NACA.COM - First time homebuyer? NO closing cost, NO downpayment, LOW Inter

bump... Anybody here closed on a house using NACA?

yep....2.4% interest...no money down...I put one of my coworkers on and her boyfriend just closed on his place. We both purchased multifamily buildings. If you can deal with them getting all up in your shit while you go through the program, you will not be disappointed.

 

[dHustla]

yep....2.4% interest...no money down...I put one of my coworkers on and her boyfriend just closed on his place. We both purchased multifamily buildings. If you can deal with them getting all up in your shit while you go through the program, you will not be disappointed.

How long did it take you? Start to closing?

 

[Confucius]

Re: WWW.NACA.COM - First time homebuyer? NO closing cost, NO downpayment, LOW Inter

my cousin refinancd and got a much better rate. He also got incentives for being a professional in an urban area (almost 85k credit) where he purchased

 

[RoomService]

Re: WWW.NACA.COM - First time homebuyer? NO closing cost, NO downpayment, LOW Inter



yep....2.4% interest...no money down...I put one of my coworkers on and her boyfriend just closed on his place. We both purchased multifamily buildings. If you can deal with them getting all up in your shit while you go through the program, you will not be disappointed.

bump

 

[Mask]

bump

Man I forgot about this, my brother looking to buy a house...I just send this to him...he's already approved, i think it's well over $100k

 

[debovette]

Just signed up for a class in a few weeks. Any fresh info?

 

[LordSinister]

Just passed this along to my son.