EVERYTHING YOU NEED TO KNOW ABOUT NACA | The Good, Bad, and Ugly in 2024

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  • čas pƙidĂĄn 12. 01. 2024
  • In this video, I go over everything you need to know about the NACA program. Including the difference between priority vs. non-priority membership, the eligibility requirements, and the approval process. NACA eliminates all the financial barriers associated with homebuying:
    No down payment đŸš«đŸ’°
    No closing costs đŸš«đŸ’°
    No mortgage insurance đŸš«đŸ“ƒ
    No credit score requirements đŸš«đŸ’ł
    Use this tool to find out the area median income (AMI) for your zip code: www.nacalynx.com/naca/purchas...
    So don't miss out on the latest tips and tricks for a successful NACA experience! #NACA #homeownership #homebuyingtips #NACAMortgage
    Do you know someone moving to the Washington DC area? I would love to help your referrals with their real estate goals. I'd be honored if you'd give me a call, text or email! đŸ“Č
    Stay tuned for the next video! In the meantime, get personalized listings straight to your inbox: dcmarylandlistings.com/search
    đŸ˜ïž Find Out What Your Home Is Worth dcmarylandlistings.com/home-v...
    ☎ Schedule your FREE consultation today to discuss your real estate goals dcmarylandlistings.com/consult/
    A B O U T M E
    Daniel Walcott - Realtor
    Washington, D.C.
    Keller Williams Capital Properties / MG Residential
    202-851-8865 or dwalcott@kw.com
    Follow me on Instagram at 👉 / danielwalcott.realtor
    Follow me on Facebook at 👉 / danielwalcottrealtor
    Daniel Walcott is a licensed real estate agent in Washington DC & Maryland with MG Residential and Keller Williams Capital Properties. Accuracy of all information is deemed reliable but not guaranteed and should be independently verified.
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Komentáƙe • 25

  • @mzhunter8691
    @mzhunter8691 Pƙed 4 měsĂ­ci

    Great thorough overview.

  • @justinbelk89
    @justinbelk89 Pƙed 4 měsĂ­ci +2

    Thanks for a very thorough explanation of this process. I’ll need to save some money either way, but with NACA, it’ll probably be less I’ll need to save. I asked the financial advisor who said I was pre-approved, & mentioned USDA, FHA, & conventional loans but never mentioned NACA. I brought it up, now I’m waiting for our discussion. Great explanation, thanks again.

  • @ddddame1
    @ddddame1 Pƙed 5 měsĂ­ci

    Good info

  • @shaharamonegan8635
    @shaharamonegan8635 Pƙed 3 měsĂ­ci

    Amen

  • @shaqsmith6562
    @shaqsmith6562 Pƙed 4 měsĂ­ci +2

    Expect to have about 4k cash saved up

  • @BigQnow
    @BigQnow Pƙed 2 měsĂ­ci

    If that extra 25k lien is reported does the forgiveness affect the credit positively? If so that’s an extra plus

  • @bosslady2535
    @bosslady2535 Pƙed 27 dny

    Hey Daniel,can I use NACA again if I used them 20 years ago and I still own it?

  • @qtq7680
    @qtq7680 Pƙed měsĂ­cem

    Proof of rental payments: I am living in a family home and paying the mortgage while I’m here. The mortgage isn’t in my name and I pay it directly to my cousin and he submits the payment. Do you think NACa will accept this?

  • @MrChoquito40
    @MrChoquito40 Pƙed 4 měsĂ­ci

    Does NACA do construction loans? Can this work in conjunction with other programs, like USDA?

    • @ShayWilliam341
      @ShayWilliam341 Pƙed 4 měsĂ­ci +1

      No construction loans, Naca is their own program you can’t combine this with USDA

  • @shaqsmith6562
    @shaqsmith6562 Pƙed 4 měsĂ­ci +10

    Naca is very slow man 
I tried them before and the house I wanted was sold long before the process was over đŸ€·đŸŸâ€â™‚ïž

    • @prettykitty5416
      @prettykitty5416 Pƙed 4 měsĂ­ci +8

      And they are soooo nosy. They asked for proof of voter registration, asked what my religion was if I went to church and what church I go to, if I’ve ever volunteered and who was my mobile carrier
.like wtf does any of this have to do with me purchasing a HOUSE?🙄 what’s with all the extensive personal questions? What do they use this info for?

    • @ShayWilliam341
      @ShayWilliam341 Pƙed 4 měsĂ­ci

      @@prettykitty5416 They’re still making it hard for our folks to buy a home it’s character based lending I really suggest people just pay your bills on time and go the traditional route because they’re other down payment assistance programs out there that are easier.

    • @ShayWilliam341
      @ShayWilliam341 Pƙed 4 měsĂ­ci +4

      @@prettykitty5416Why Naca asking for your religion that’s strange I’m also a member but I decided go traditional because they’re not really trying to help us they’re making it more difficult because it’s character based lending. I heard you can’t get a home equity out unless it’s for home repairs. They draw people in because of no down payment and closing cost but it’s stressful. I really suggest people to work on credit to go to a bank it’s easier.

    • @danadane4375
      @danadane4375 Pƙed 3 měsĂ­ci

      @@ShayWilliam341 wow 😼

    • @danadane4375
      @danadane4375 Pƙed 3 měsĂ­ci

      @@prettykitty5416 whaaat ?! Oh wow .

  • @youtube_video_seo_expert_01
    @youtube_video_seo_expert_01 Pƙed 5 měsĂ­ci

    I checked out your channel and noticed it's lagging behind others. Your channel seems to lack strong SEO optimization, but I must say, your content is fantastic. However, it appears that your videos aren't getting the views they deserve. One possible reason could be inadequate SEO. If you'd like, I'd be happy to assist you with it

  • @MegaLION15
    @MegaLION15 Pƙed 6 dny

    You have to live in that house till you pay off the loan...

    • @LHDev21
      @LHDev21 Pƙed 3 dny

      WAIT!? Are you serious?