Confidently Closed - NACA 2022 | NACA Program | NACA Home Buying Program | NACA Housing Program
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- čas přidán 23. 04. 2021
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So glad to see a Naca success story. I’m hoping to be qualified w/ Naca within the next week.
You will be qualified!! If your doing the work on your end, you are qualified!! 🙏🏾❤️
NACA is the truth! My fiancé and I are under contract for a new construction townhome in a highly appreciating area in Houston, TX scheduled to close in September with an interest rate of 1.875! Going through NACA can be a patient process but it is a strong program. You do have to do your due diligence and keep your file updated, follow your action plan set by your counselor, educate yourself on the process and ask questions if you are unsure or need support. Our counselor is amazing and we’ll forever be grateful for NACA!
Congrats
Who was your counselor?
Please who was your counselor I would leAve my number if I could..i need someone first hand experience in Houston
@@terri3486 Our original Mortgage Counselor was George Agban. Unfortunately, he is no longer with NACA. Lori Vaughn is our new Mortgage Counselor.
@@micahwilson3338 what area of Houston...i wish I could contact you...it would be great to talk with someone that's going through the process now in my city
He is definitely a NACA unicorn lol. Outside of waiting several months for the intake appt
Thanks for featuring a success story. NACA catches a lot of flack and deservedly so but if you stick with it you will be thankful you did. Just the NO down payment ( NO PMI) and NO closing cost and BELOW Market Interest rate speaks volumes in spite of the many trials you go through frankly due to its ever increasing popularity. And for the records I am also going through the program.
Thank you for watching and sharing!
How is it going?
JTV 0
I've never heard of NACA until today thanks to your video about the new no money down, no pmi, no closing cost program BOA is offering. I live in MI(soon to be IN)I dont qualify for the new program but my husband and I are really considering the NACA program. We've had such a hard time trying ro purchase a home this year(we applied for our first loan on valentine's day this year)but we're excited about this NACA program now!
Cool, I'm happy that is video came up for you. Thanks for watching!
Your channel is such a gem! Thank you for helping all of us looking forward to becoming homeowners.
You are so welcome!
1.87 sounds like a win to me. Life is better over the hill #homeownership, closing confidently with Miss Hill.
My mouth is still open from that interest rate...WOW!
Congratulations!! Caribbean John, Thank gosh your coworker in 2018 told you about the NACA program you lucky you got it down to 1.875 %
So exciting. I’m from Houston and just got my appointment with my counselor. Hopefully in the future I can share my story with NACA. 😊
Hey luv I’m in Houston as well. How has your process been so far? I have my workshop Saturday ☺️
NACA is the best I closed on my first house through NACA on 5/26/21.
Congratulations
@@ShaheedahHill thank you !
Congratulations
@@tiperry4035 thank you !
Shaheedah, I went through the NACA process back in 2008 and would love to speak about my process as I truly think it is the best mortgage out there.
Sure you can email me at info@shaheedahhill.com and I will keep your information. The market is so different from 2008, but I would be interested in what you want to share.
Wow, congrats!
Thank you John! God bless!
Loving this series, learning a lot!
So I was reading on the NACA website about Mortgage Shock..which is what this gentleman was referring to as far as showing how you can save...according to the site, the mortgage shock is that you can save the difference of what you're currently paying in rent and what your mortgage payment will be. My son has bought his home with the NACA program and I could never understand what he meant when he would mention Mortgage Shock, but now I know! I am also a member with NACA and have my appointment in October 2021..so I'm ready!!!
I've been NACA qualified since the end of 2020 but I'm still searching to find the right house. John was blessed to wrap things up so quickly. Congrats!
Yes, he was...this was a very smooth NACA transaction.
Once you’re approved but haven’t found a house, what’s the deadline to find one?
@@hippolytek835 Your approval is good for 6 months. After that you have to go through the underwriting process for approval again.
@@chanyg1013 Thank You!
@@hippolytek835 Sure thing! Best Wishes!
I’m so happy for John and his family. I’m thinking of doing the program and I’m so excited.
I bought my home in 2015 with 4.25 interests conventional loan because my credit score was low 650 . Then I refinance my home in 2020 with a low interest rates by that time my credit score was 850 2.50 interest
Wow! I had never heard of this. I'm checking it out tomorrow.
You should, thank you for watching.
Glad something good came out of his process.. 9 months with a ready file, 2 reschedules and 2 failed ATD’s later I’m still waiting for help 😩😩😩
Wow! Yes, I’ve been hearing some serious unprofessional horror stories about NACA agents. Wondering why it takes so long.
Congratulations 🎉
Very encouraging info. 👏🏾👏🏾👏🏾👏🏾👏🏾
Cool am in the middle of the process, when I close I’ll give you guys a update.
Appreciate this video so much! Waiting for my next appointment in July. Saving up my required funds is the only task I was given..congrats to him!!!
I’m praying I can get my offer accepted and buydown my interest rate to under .5 with Naca! 🙏🏾
Best of luck! Update us when you do🙂
@@ShaheedahHill Hi am not seeing any one from NY. Wow getting scared now. No NY here, please comment, I need your strength.
I am at the beginning of this. So good to hear a recent success!
Wonderful, thank you for watching!
His story is amazing. So happy everything has come together and worked out for him.
Thanks for watching!
Thank you
👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾Yessirrrr!!!
Congratulations to you!!!
This video was very informative. Thank you so much for sharing. ❤️
Great video thank you for sharing your experience.
I really enjoy watching this video 😊 it really gave me more motivation 👌🏽
Thanks for watching
That’s awesome. I closed with a interest rate of 1.75% here in Cali.
What part of Cali if you don’t mind me asking my intake appt is this Thursday
@@carissathomas828 I bought my house in southern Cali(Moreno valley)
Awesome video. We will see our MC this Friday and hopefully we will be qualified. This was some good information.
Awesome. Glad the Naca program worked out. I would like to see someone that recently closed using ga dream recently in this crazy market.
The last Georgia Dream I did was in December. They increased the amount to 7500 for everyone and 10K for public service. However, you are correct it is hard to get one accepted if the house has multiple offers. I'll try to find one😀, I'm sure they are still closing loans just fewer.
This was so interesting. Another option for buying a home. I've never heard of NACA, but I'm online now doing some research. Information is power.
Thanks for watching!
Congratulations John 👏🏾👏🏾 great video Shaheedah 🤗
Thank you so much 🤗
I live in GA too and you answer my question in this video thank you very much , I’m no ready yet but I’m preparing to get ready
Preparation is everything
yes i am a NACA member and i liked the Video
looking forward to my next counseling session yes its all about being patient looking
forward to great thing through this Program
Thanks for watching and good luck!!
❤️ your Confidently Closed Vlogs.👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾
I ❤️ his interest rates. #Amazing #Congrats
Yes! Thank you for watching!
@@ShaheedahHill
You are so welcome.
Thank you for the success story. I went to the work shop and is really scared me away. So I may try it again. Shaheeda you are Awesome!
Thanks for watching. Best of luck on if you try again..if not there are always other options.
Love this! I am looking forward to purchasing using NACA, most likely in TX as well. So this is encouraging! 🙏🏾
So glad, best of luck!
@@ShaheedahHill Thank you! I shared this on a couple NACA FB groups. Many people shared about how your channel is a wealth of knowledge. : )
@@thegoreetruth1074 thank you I really appreciate that🙂
I’m taking this very seriously; set up initial Naca meeting.. but I keep thinking about how y’all wearin sweat pants on the bottom. Hahaha 🤣 Love a success story.
Funny 🤣 best of luck
This was a right on time video. I have my NACA interview in a month after a missed appointment in Fall 2020. Feeling confident.
Here in Texas btw
If its too good to be true it's probably a scam 😂😂😂
Congratulations to John and his family on their new home. And that amazing interest rate!! Definitely shows with hard work and persistence what you can accomplish.
That's great. I'm glad for him
@Shaheedah Hill Real Estate you are not the real SHAHEEDAH stop playin!!! SPAMMER
Right....just realized somebody has made a SPAM channel - I must really be famous. Reporting to CZcams!
@@ShaheedahHill the comment is gone!!! It Worked!
He sounds like he's from the VI!!
CONGRATS on your purchase
Thanks for watching!
So glad to see necklace assist story I am looking to be qualified in the next 3 days
So glad to see naca video looking to be qualified in 3 days
🗣🎤 Congratulations on your purchase 🥰
@Shaheedah Hill Real Estate You’re up early lurking to & fro seeking someone to devour 👺
No, somebody has made a spam page impersonating me..I had to report it this morning.
@@ShaheedahHill Good morn. Now Mrs Hill if NObody knows that isn’t you you know I do. The evidence of God surrounds your being 🙏🏽. BTW I’m awake reading “The Color of Law”. Have a great Sunday
Thank you for your educational informational videos.
They are also entertaining! 😂
So nice of you, thanks for watching!
I am so happy for you. Now I am confident I will have my house with NACA soon. I have an appointment with my counselor at the beginning of September for a $400k approval. My payment shock is $1100which is the difference between my rent and the new mortgage. I have to put the money at the bank each month. I could have been approved the same day with my counselor for a lesser amount, however, in order for me to be approved for a hire loan I have to wait to be 1 year at my second job. I can't wait for that to happen.
Thanks for watching!
Definitely not a scam it takes a lot of patience
Yes, a lot of patience!
This is very helpful. I’m in New York waiting for my NACA class. P.S., the woman in this video is beautiful.
Glad it was helpful!
Yes it sounds complicated but it’s worth it
Yes, thanks for watching.
Great video. I recently applied with a lending company and was pre-approved for 75k through the "traditional" way (i guess) which is not a lot so already have my first webinar with NACA. I'm not giving up, I feel confused about The process with the Loan officer hence she only sent me an email saying you were pre-approved for 75k and that's not enough in this market so basically sorry for the bad news.. No follow up, no other options. That was the last time I heard from her, didn't even get a call. Maybe that's the way is done nowadays. I live in Georgia so I'm going to give NACA a try. I am not giving up ☺️. I will keep y'all updated.
Yes, please don't give up. Look at USDA direct as an option. I have a video under home finance options playlist.
@@ShaheedahHill Thank you so much for your encouragement. I will definitely watch the USDA video. Again, thank you.
Don't give up, it is frustrating for real, especially when you get pre-approval find a house, sign a contract, pay my down payment, inspection and appraisal then I was told. I didn't secure the loan. Just imagine how I am feeling. That's what happened to me. Now am going to try NACA. So, please don't give up my sister. I Know it's feel easier, but joy coming in the morning 🌞🌄🌅🌄.
Have my first session next month
I am having worst experience of my life with NACA. My mortgage counselor lied to me for 3 months saying my file was being submitted when it wasn’t. Appointments were being set to meet with a mortgage counselor and they were no call no show. They want you to continue paying for credits checks but not giving you much service. Starting to feel like a money grab 🤔
When you close they reimburse you all the money you spent on credit checks, not matter how long you've been paying for it. Just keep emailing and calling.
I'm trying NACA....my webinar appointment is next month.....🤞🏾🤞🏾🤞🏾
Best of luck!
I which we would know the offer mad mortgage payment monthly but congratulations on your house
Going through Naca right now doing a new build
How does it work with a new build?
Big ups west indies
Can you make some video about how we pay monthly for home calculations
currently going through Naca now using section 8 voucher pending qualification as we speak
@kimberlycolon168 Thank you for watching and best of luck!
Great video as always! Would putting a room on airbnb fall under "renting?"
Perhaps, I would ask during your orientation if you decide to pursue.
My rent now is like my mortgage would look like, but my DTI is high I have been working to lower my debts but I don’t know if we would qualified I’ve been stay at home my husband is the only income I would go back to work but that’s going to take long time to count as an income
Does this program help with buying new construction?
Great video and informative as usual that intro audio is really loud tho lol
Yeah im taking all of those intros out.. thanks for hanging in there😊
I live in southern California renting. Is the NACA program available here?
Hi Shaheedah! Question, when a buyer is going through the NACA process; is the buyers home search still through a traditional MLS system? Is the home search pool fair game for NACA and non NACA folks?
Yes, traditional MLS. Yes, NACA is open to all listed homes but you will be at a disadvantages if sellers don't want to choose a NACA buyer.
Great information! I wonder what the process would be to combine NACA loan with DPA supplied via BOA.
No, I pretty sure you cannot combine them, but good questions for the workshop or webinar.
Great. Interview. Congratulations on the new home.
I am not sure if I missed it but if it was not mentioned, I would have like to know if his credit score played a major factor and what range was his credit score in.
There is no minimum credit score with NACA but they will look on your credit report and make you clean it up before approval.
@@ShaheedahHill thank you.
Great video. Do you know how long I’d have to be at my current job?
Probably 2 years, but attend the webinar for exact details
Hi Shaeedah! I'm wondering if you can clarify on the NACA lien. If I won the home for a few years and to refinance, is it still a NACA loan or does it then become a loan owned by the bank I refinance with? Does the lien stay with the home after I refinance? Trying to understand. Thank you in advance.
The lien NACA places on the home to enforce the owner occupancy requirement lasts as long as you have the NACA loan. You will need to specifically request a lien release if you wish to sell the home. Why would you refinance a NACA loan...but I think they may have their own refinance options.
We havnt seen you in awhile, hope all is well!
Yes, I'll be back soon. Had to take a quick break. Thanks for checking on me 😊
@@ShaheedahHill YW
Question about student loans being in an administrative deferment because of Covid, I don't have a payment schedule yet. Wondering should I put myself on a deferment schedule or get a mortgage from a lender to show how much my payments would be? I spoke with student loan representative and he told me to wait until Sept. 2021 and just get a letter from student loans showing what the payment would be. Kinda don't know what to do about it.
They will count the payments even on the admin forbearance, it depends on the loan type if they will use 1% or your actual payment. You may want to get pre-approved to see where you stand.
If you qualify for NACA and there is no down payment, are you paying your mortgage on the full purchase price or does NACA pay your down payment? Thank you
You’d be paying for the full cost of the mortgage unless you get some sort of assistance or gift for a deposit.
Congratulations!!!! I'm in NY and I wonder what it would be like for someone doing NACA and trying to buy here.
Check it out, links in the description.
I'm in NY and currently working with #NACA. I participated in intial workshop in November 2020. I was assigned a web-file ID and immediately started uploading my documents. My next appointment was 4/17/21. My action plan was to simply keep uploading my pay stubs to my file. My next appointment is 5/19/21. I'm hoping to hear that I am NACA approved! My advice is to read the instructions booklet on their website. Watch as many CZcams videos about NACA. This is one of the first channels I can across. Very informative 👏🏾
I am also in NY. I did the seminar in March and got a intake appointment for July.....🤞🏽
@@Msvee333 finally someone from NY
@@marabtb keep inform am in NY too , and am going to give it a try.
I own a home and don’t understand the process for people who own a home. I know you have to sell before closing but with this crazy market not sure how you time that process. 🤷🏾♀️😩
Please watch my how to sell your first home video. I explain on that video.
I need a real estate agent located in GA.
Hi Shaheedah! My husband and I are looking to start the NACA process. He just went back to work after being laid off near the start of the pandemic and I’ll have been at my job 2 years in February. Should we go ahead and start the process now or wait till I have two full years work history? Thanks!!!
Start now, the NACA process can take a while. Thank you for watching
@@ShaheedahHill thanks for responding! I’ve watched all your NACA vids. I’ll let you know if it works out 👍🏻
What’s your Realator info I’m in Texas
Does the low interest balance out having an affordable mortgage payment for not putting a down payment? If that makes sense..
I think that would vary person to person as to what’s affordable from person to person. You’d have to use a mortgage calculator and work your numbers to see if that’s something affordable for you.
Typically yes, but if you want to put a money down with NACA, you can you just don't have to. Use a mortage calculator to see what difference it will make. I like bankrates calculator - www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx
I am actively preparing documents for NACA. I would like to know if anyone that is a NACA member can refer me to a certified NACA real estate agent. I know NACA has their agent but I prefer a referral.
They should be able to, join the NACA Facebook group for your city or state.
How do you qualify for your rental property home equity with good credit and a low paying job. Renters cover rent now and would cover the rent with refinance cash out?
They want to make sure you have enought in reserves to cover the rent if the renter stops paying. czcams.com/video/pNGzW-trT84/video.html
What about the 25k lien they put on the house for the lifetime of the loan? Hopefully im saying it right. I just wanna understand
Good morning, Please watch the entire video he does explain that. It is primarily in place to stop investors from taking advantage of the program by renting the property out. Thanks for watching!
The lien only goes into effect if you rent the property and you’re not longer the primary resident.
So is the interest rate fixed for 30 years or 15 years?
I think most are 30 year mortages but you may be able to do a 15 year. The interest rate is fixed.
I am going through naca since Oct 2020 I am still not naca qualified can't get in touch with the mc
See if you can get assigned to another person, that does matter to be successful. Best of Luck!
Is his info attached somewhere on the video?
No
Do you know if he was a non-priority or priority member?
Non priority
Very informative! I am just wondering if NACA allow to rent or not? Could you please clarify this?
Thankyou!
NACA has an owner occupancy requirement for the life of the loan. That actually is the purpose of the soft lien. It is meant to enforce that requirement. Also, if you purchase a multi-family home through NACA, you must live in one of the units while you rent the other(s) out as well.
@@msjenkins Thankyou for your respond🙏 What if I got a town house and would like to rent the basement only. Am I able to do that?
@@hellenabi4224 As long as you live in it. You just cannot rent your property and go live somewhere else.
@@msjenkins good to note. Thanks👌
GREAT VIDEO!!!Because of COVID-19, are they still requiring candidates to volunteer?
Good question, I am not sure. Maybe someone will answer in the comments.
Yes you are still required to volunteer but all the volunteer opportunities are virtual.
@@hecklers2002
Thank you!!!
Yes, They require 5 volunteer activity every year, even after you close. However, they do not check it. Unless you run into issues paying your mortgage, If you need their assistance/services then they will check.
Hello, how do you make the membership payment? It's asking me for a check number. Do I have to order checks?
I'm sure they have an online option.
No you don’t I called. Was told to just put any number. Not sure why that is because it did ask for a check number.
Put 0000 for your check #
That check number situation is not very smart; they should just fix it and not confuse people, I put an actual check number 😒
Shaheedah,
What does NACA means?
Thank you so much!
Laura,
The Neighborhood Assistance Corporation of America, thank you for watching.
Thank you!
Sorry I missed it which city is this?
Arlington TX
I live in NC and would like to know the website to apply for a NACA loan.Thanks
In the description, thanks for watching.
Hey Shaheedah, do you know if people on non-immigrant visas like h1 are eligible for this program ? Please note that they are not eligible to vote.
I am not sure, but there is a link to the NACA Facebook group. I would ask that question in that group or at one of the webinars.
@@ShaheedahHill Thank you for your prompt reply and suggestion. I have registered for their webinar this month and will inquire.
Do you have any of these with DHI
Not yet, I try to do at least 2 a month. However, in this playlist - watch the video " New Construction advice from my real clients - the couple used DHI mortgage."
@@ShaheedahHill will do
The guy that complains about audio all the time. LOL. I really like it intro graphic it just needs a little audio polishing
It's terrible I know so loud 😒 work on it🙂
How long is full process with NACA?
It varies, I've heard at quick as 2 months or up to the year. It really depends on your counselor and where you are financially when you begin.