![]() ![]() ![]() All rights reserved.Īre you planning to buy or sell a home in Washington DC, Maryland, or Northern Virginia? Contact The Fine Living Group, DMV's Real Estate local home and condo experts, for help navigating the current market conditions. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.Ĭopyright 2024 Bright MLS. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. This website is a service of The Fine Living Group, a broker participant of Bright MLS. The Fine Living Group is not a Multiple Listing Service (MLS), nor does it offer MLS access. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. ![]() The information being provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. If you are interested in applying for a NACA mortgage, or other first time home buyer programs, please fill out the form below. With no down payment requirement, no closing costs, and no fees, NACA mortgages make homeownership more accessible for low and moderate-income individuals and families. In conclusion, a NACA mortgage is a great option for people who may not qualify for traditional mortgages. Credit score not a barrier: NACA mortgages do not have a minimum credit score requirement, which means that even people with low credit scores can qualify for a mortgage.Fixed interest rate: NACA mortgages have a fixed interest rate, which means that your monthly mortgage payment will not change for the life of the loan.No fees: NACA mortgages have no application fees, origination fees, or other fees typically associated with mortgages.No closing costs: NACA mortgages have no closing costs, which can save you thousands of dollars.No down payment requirement: NACA mortgages do not require a down payment, which can be a significant barrier to homeownership for many people.There are many benefits to getting a NACA mortgage, including: NACA will also provide you with a mortgage with a fixed interest rate, which will not change for the life of the loan. Once you have found a home, NACA will work with you to negotiate the purchase price and complete the necessary paperwork. NACA's real estate agents are specially trained to work with NACA homebuyers and can help you find a home that meets NACA's requirements. NACA will use this information to determine your maximum affordable mortgage payment.Īfter you have been pre-approved for a NACA mortgage, you will work with a NACA real estate agent to find a home that meets your needs and budget. Once you have completed the Homebuyer Workshop/Seminar, you will need to provide NACA with documentation of your income, employment, and expenses. You will also receive counseling from a NACA housing counselor, who will help you create a budget and a savings plan. During the workshop, you will learn about the NACA program, the home buying process, and the requirements for qualifying for a NACA mortgage. To apply for a NACA mortgage, you will need to attend a Homebuyer Workshop. This makes them an excellent option for first-time homebuyers or people with limited savings. Unlike conventional mortgages, NACA mortgages have no down payment requirement, no closing costs, and no fees. NACA's mission is to help working people achieve the American Dream of homeownership, regardless of their credit score or financial situation.Ī NACA mortgage is a unique type of mortgage that is designed to help first-time homebuyers who may not qualify for traditional mortgages. NACA (Neighborhood Assistance Corporation of America) is a non-profit organization that provides affordable home ownership solutions to low and moderate-income individuals and families.
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