NACA | NACA Program | NACA Home Buying Program | NACA Housing Program (IS IT TOO GOOD TO BE TRUE?)
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- Äas pĆidĂĄn 14. 01. 2020
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It is a long and frustrating process but worth it because you will save so much money! No down payment. No mortgage insurance which another lender would likely charge if you can't afford to put 20% down on your home which could mean an extra couple of hundred dollars on your monthly payment. My interest rate is .875% (no lie) đł and allowed me to buy $100K over my budget in Washington DC where housing is extremely expensive. I ended up with a mortgage cheaper than my one bedroom basement apartment. I now have 3 bedrooms, 3.5 baths and a finished basement (still in Washington DC). Be patient. The process is painful BUT worth with it. I had more time than money so I could wait. đ
Thanks for sharing... what year did you buy?
Shaheedah Hill Real Estate Washington D.C. đ-the gentrification here has driven up the price of homes forcing people to move to MD. đ
Shaheedah Hill Real Estate February 2020
@@ptfinallyfit I'm pinning your post in hopes to encourage others because that is really recent. Congrats! If you want to do a Zoom Interview on my channel about the process, let me know. My email is thehillteamatl@gmail.com
More time than money. I felt that! Thank you!!!!
Bought my house with them. Bought my interest down to 0.25%. Yes, 0.25% paying 26 dollars of interest a month. Love the program. Worth every dime. My home was 160k with my monthly payment was 637 a month on a 4 bedroom 2.5. And 3,00 sq ft. Please dont give up.
Wow! In what state are you located! Might be time for me to switch!
Yes please tell us which state your in?? Thanks for sharing your story too.đ
Where do you live?
Hola en donde compraste para saber mĂĄs o menos cĂłmo es el proceso
Blessings to you. I just started with the program I have my NACA ID# a little confused on whatâs it used for but I pray I can get like you with a Part time job
I went through this about 21 years ago. Great program. Fast forward to today, my mortgage is paid.
Congrats
@@ShaheedahHill thanks!
How long was the process for you beginning to actual home ownership
@@maritaylor9954 it took me about 90 days. It went much quicker than I expected.
@@andrejarrett9428 fantastic
I purchased my house with NACA in Miami and became a Real Estate Agent and now I am a NACA Realtor helping future homeowners, let me know if you need help
Cool - yes there are lots of frustrated buyers in the comments maybe you can offer some suggestions. Thanks for watching!
I want to become a real estate agent+ interested in buying a home in my near future
This is awesome!
Email address please
@@meekiamful Diego.cruz@NACAred.com
Everything she's say is TRUE...me n my husband made it n he wanted to give up but we didn't, God Bless us with. Beautiful BlessingsđĄ
Thank you and congratulations!
@@ShaheedahHill hola como puedo obtener informacion en espanol?
@@beatrizsalgado4252 -They have Spanish workshops www.nacalynx.com/naca/webfile/member/event/eventWebinar.aspx?txtEvent=AZ
Congratulations
SIGH...hubby is feeling this
I bought my house through NACA in 2005. My sister moved from Florida to Texas and bought a house through Naca in 2014. Believe me , It was worth it.
Yup.. bought my house in Texas through NACA.
Hi im from texas can u help us how to start buying a house we hv super low income and its 1st timer buying house .. were starting family now...
It was a great program for me, it took me 4 months to move through the program, I closed on 11/13
Thank you for sharing! What state and any advice for anyone considering the program?
To move faster through NACA you need to be organized, I watched alot of CZcams videos, I was overly prepared for my intake appointment, also stay in contact with your MC and lastly be patient. I am in the state of Georgia
@@miac2994 Thanks again!
Did you lose out on any properties because of hang ups ?
@@chetterdd8756 no I didn't, however closing with NACA is not 30 it's about 45 days, I just ask the seller for an extension
If I can put up with a raggedy, 4.5 year, heartbreaking relationship, rowdy passengers.. I think , with GODS grace... I can do this!đđœ
You sure can!
The same here plus I just renewed my lease.
Get it Carey!! Just inspired me too! LOL!
Precisely
Please, guys, hang in there and do what the housing counselors tell you. Make sure all your documents are uploaded each month on time. The reason why it so lengthy, they want to make sure you can afford the home. They will set you up on a financial plan. Once you prove your finances, you are good to go. It can be frustrating, but whatever you do don't give up. Don't be afraid to ask questions if you don't understand something. My wife and I got a mortgage rate of 1.875.
During the counseling process did the run your credit monthly?? As I terminated my counseling immediately once the counselor told me she wld be running my credit every 30 days.
Thanks for sharing your testimony!!!
@@toyab9101 That, I'm not sure but that does sounds weird. Our counselor only ran our credit one time in six months. Every time they run your credit you get charged accordingly(If you go into the program by yourself or with someone). Please continue the program, it is well worth the headaches, the emotional roller coaster, etc, etc. Also, the NACA Staff is helping hundreds maybe thousands a week. Your housing counselor or mortgage counselor could be dealing with a few people at the same time all while getting burnt out. So be patient and whatever you do, DON'T QUIT THE PROGRAM.(It's the real deal.)
This comment is appreciated
Congratulations! Iâll be closing soon with NACA and was able to buy down my rate to 1.875 as well. They are great!
WOW! THE FEEDBACK IS AMAZING! MY WEBINAR IS TOMORROW!!! I'M EXCITED! I'm 36 year old male with a 730 credit score that pay my bills on time. So glad I heard about this!!! I can definitely be patient!!!!
Best of luck!
Any updates?
Update?
How did it go?
Updates?
I referred a sister who lives in Houston to NACA. She purchased a house, which unfortunately, she had to sell when she got divorced. However, one year later once she was back on her feet, she got another loan through NACA. She was very frustrated with the process, but she too says that it was worth it! She loves her new house and especially her affordable payment.
I remember hearing about this program and it seems like a really great program for first time homebuyers. Iâve spoken to many friends who went FHA for the low down payment and rushed into a home but they got in over their heads. NACA seems like they set the buyers up for success and this is what is needed to improve communities and neighborhoods for the long term.
12months of consistent paying your bills. I just did the webinar i have a naca i.d.
I went through the program and had my home built 10 years ago. 2.5% rate on $172,000 home. It took me less than a year. YOU have to be ready. Great program, most people think it's not legitimate. After my experience, people still didn't believe in the program. I had NO problems.
Thanks for sharing!
Its 3:30am and I've been up all night trying to figure out where to start. I'm soon to be co-parenting and I would love to have me and my kids in a home of our own and also I would rather pay a $1000 mortgage than $1000 rent. Reading these comments and watching this video has motivated me . I'm going to do the process with God's help I'll be victorious! Thank you ShaheedahâŁ
Best of luck!
lol..you sound like me.
Girl yes!! $1000 mortgage vs $1000 in rent is a difference! Iâm going to be starting the program soon and Iâm hoping that I have the patience. You will get through it and have a beautiful home for you and your family!
I pray you got your đĄ but if not just stick with the process, it will be worth it in the long run.
I'm going through the program. To keep me motivated. I take different webinars. And keep updating my information. I doing a faith walk that I will have everything I want for my home. I tried the traditional way and it wasn't good. I wasted 2 years getting my credit score together and having a down payment only to be told. My credit to debt ratio was to high. So I have the patience and trust God through this whole process. And I'm claiming my interest rate 0.25% in Jesus name.
Best of luck to you and many prayers!
Saved Rene. If your debt to income ratio is too high for a traditional bank you won't get much help from Naca either since they don't want to put you in a position to fail. My only advise is to get a cosigner, get a second job or lower your bebt otherwise you'll be wasting your time with naca
I agree with Nate G. If your DTI for the traditional route was high then you might be with NACA for longer because their DTI is even lower than FHA or conventional.
AmenđđŸ
Did you ever get your NACA house?? Its been a year
I'm currently working with Naca now, I just pray everything goes thru. I hear the good and I hear the bad but I'm trying.
Best of Luck!
She's unique in her own way Benjamin God is able...
@@ladyv6068 Amen sis
It's definitely worth it. Hang in there.
@@jwilli98 thanks hundreds I definitely will
Me n my husband went threw Naca, great program, I tell everyone it takes about 6 months to a year, our interest rate was 2 percent, Dr. Horton homeđđ»đđ» Florida... You do have to have patience n humble yourself, I'm thankful for our 4 bedroom house i love it.
Thanks for sharing!!
Can you buy new construction with Naca ?
@@veromiami yes
@@veromiami yes you can. I did it myself with NACA... 4 Bedrooms house in Miami with 0.625% interest. Now I am a NACA Realtor in South Florida
@@diegocruz7919 what area in South Florida?
I closed with NACA in feb 2020. My interest rate is 2.75. And yes although the process can get a bit tedious, if you follow the steps and stay focused you will end up saving way more with NACA then the traditional way. In addition if you have had problems with learning how to save and budget your expenses NACA will be your BEST teacher! You will be put on a payment shock and idk about ya'll but that payment shock has taught me how to save in a way I didn't know was possible. My closing was extended twice. I was supposed to close on jan 31, I closed end of February. I attended the Naca workshop in July, met my counselor in September (which was my delay) followed the process and put an offer on my house in December..
Thanks for sharing, can you share exactly what payment shock is?
@@ShaheedahHill a payment shock is a dollar amount that you must save every month in order to get you through the entire process. For example after necessity bills are paid, and you are left with 1000k to spend, NACA will ask you to save a portion of that every month until closing.
@@jessydavion8201 thanks for clarifying that seems doable. Like my "spending freeze"
Wow! That's good!
Praise The Beautiful Lord!!!!
Did you buy down your rate at all? If not why didn't you? Because 2.75 is the national mortgage rate as of now
You have to be organized because they r not. You will submit the same paper because of this. Save emails, create folders, re attach emails as necessary. They donât have the time to be organized; but you should. Your the one who wants the house. Also, show up with a stable savings account this will put you closer to priorities since they donât have to wait on you to get the $
Good tips!
hello i was reading your comment how much money due u have to have in ur savings acct. can u reply if u don't mind please.thank you
I am a NACA in house real estate agent and the program may be faster and maybe even smoother with an in-house agent that's FULL time with NACA. Great program and good information. It works.
Thanks for sharing!
Hi Detra, where are you based? Iâm currently in the process in NYC.
Hi Detra - I just registered for my webinar-
I love to work with you. You base in NY?
Hi I would like to register can you please contact me thanks
I live in California and am really interested in the program are there any realtors that deal with naca in california
I used NACA for my home purchase, and after 10 years just did a cash out refinance. When I purchased I was pre-approved for a mortgage with a bank, but it was for a lower amount. Someone on my job told me about NACA and I went to the next scheduled workshop. They went over the whole process and I took home the packet that tells you what is necessary and started gathering my information. When I went for the appointment I was prepared and they scanned all my documents into the system and handed my back the originals. I loved that. NACA in Charlotte has been in the news a few times, and I think they've had problems getting and retaining agents, but it was great for me. I purchased a brand new home for $160 and had a 3.75% rate, which I just refinanced for lower and with a different lender. It is a great program.
Thanks for sharing!
If you want it bad enough, you will rise at 5 am like I did to do the five hour pre-program info session. I personally know several whose lives have been changed by NACA.
I never understood NACA until you explained it - thank you
I bought my 1st Multi family house in New York through NACA.. with a 1.8 Interests rate That allowed me to live mortgage free. Iiving Mortgage free I was able to buy 2 more multi property In New York with a positive cash flow and it's all THANKS to NACA.. Yes the process is long but the end result is worth it.. 1 more things there is NO PMI
Congrats, if you are ever willing to do an interview on your experience please let me know. Thanks for sharing!
Is there a certain time u have to wait to buy a second property?
Kiel Chaplin, Iâm in NY and I would appreciate it if I can chat with you about your experience. My son and I would like to purchase a multi family house and thought it was not going to be possible with this program.
Iâm from New York as well. Can you please explain how your process went.
Yes please share more on your N.Y NACA experience, it would be greatly appreciated!đ
She's so beautiful, what an amazing smile!
She didnât like your comment....sheâs taken famđ€
Lol đż
And gorgeous teethđŹ
I attended the workshop at the begging of the year and I'm In the process of purchasing my first home. I've heard positive and negative feed back but I'm praying for a great outcome. So far so good.
I'm at the beginning of the progress. After attending the first workshop I am moving forward. Prayers for future blessings. NACA bound. #HomeOwnership# I rather for the issue to be found and fixed instead of finding out later. Patience is definitely the way.
Best of Luck!
I worked for them in the past. There were a lot of loan sharks and NACA have saved a lot of people from going through non legit companies. Great post!! In the year I worked for them in 1999. I was a intern at the time. The location was in Downtown Decatur, Georgia. Glad to know that they are really still reaching out and helping others.
Thanks for sharing
This program is BOMB we just got our preapproval this past Sunday 02/02 at the Acheive the Dream Event here in Jacksonville, FL. Man o man I was ready to give the hell up but my husband kept us a float and pushed through. We have been with the program for about a year. Its so worth it if you can just withstand the petty paperwork and steps that they have you go through. You have to keep in mind this is a non profit government program so they are short staffed and they are working around the clock. Its a great program and we already attended the home buying workshop and now we are house hunting. They have a 28 day step that is involved with closing the deal. Naca does not work off calendar days they work off business days so closing can be tricky. I have great faith this will go smoothly once we find a home we want.
Best of luck to you! Exciting, Please keep us posted.
@@ShaheedahHill thank you so much. I will give you an update on how things go.
this is amazing! what was it that they look at to get pre approved?
@@jolannylopez6445 to be honest and not even trying to be vague, but they look at EVERY FREAKIN THING OMG. We were just ahead of the game and uploaded all recent bank statements, paycheck stubs, credit card statements, w2's for 2019 and that was pretty much it. They like to see bank statements to verify if you are saving money. That seemed like the main thing they kept bringing up. O and proof of employment as well. Rental history as well.
Did you move into your house yet??
She is spot on! It can go either way--30 days, 90 days, 6 months. Sometimes you've done everything right and something happens on the NACA end. That is my only complaint.
Thank for watching!
What is your e-mail address. So that I may talk with you.
@@vivianhouston7733 facebook.com/NACAOfficialPage/
Exactly! Same situation with me.
During my intake, something went wrong on naca end. And I was rescheduled by email for July! Almost 4months to wait, lo!
Not sure exactly where you can complain but every business non profit or not can be held responsible for any wrong doing. The federal trade commission you can report to. The BBB. the attorney general. The IRS for non profits. Don't you guys give up and let the problem continue. Complain and fix it
I bought my first home through them, best thing that I've ever done. It allowed me to have my own place to live. Later sold my home for 3xs the amount , which allowed me to relocate and buy another home in cash. Which helps me now that I am over 66. My quality of life is much better.
That is awesome! Thank you for sharing
This is inspiring Jo Ann. Iâm in my last year of 30âs and need to set up my retirement life. I know I am late but better late than never đ
I just spent the past 9 months as a naca mortgage counselor...and am now a FORMER naca mortgage counselor. Your "thumbs up, thumbs down" assessment is completely accurate! Let me know when you do an updated video if you want to include an additional perspective.
I do need to update this video. I did this prior to the pandemic. How could I reach you?
@@ShaheedahHill I just emailed you.
@@marcusjcalloway is there a way for me to contact you
Hey! This was spot on ! My husband and o went through naca. Just as you mentioned, we had an issue at the end that almost caused us to miss the house we wanted. It only worked by the grace of God and bc the seller and our family shared the same faith and had a great connection. They ended up being in a tight spot on their new home also bc they needed to close our deal for their new house. It is stressful but if you are high capacity when it comes to stress and have time I think itâs a great program. Our mortgage on our 4 bedrooom house in a nice neighborhood is $300 less than our 2 bedroom apartment bc we took advantage of the mortgage buy down. I appreciate the opportunity that Naca provided for my family to get in a house that we love at an affordable price.
Thanks for sharing and giving people in the program some hopeđ Congratulations!
I used NACA mortgage to buy my house in 2017, the interest rate was 3.5 of which I bought down to 0.5. NACA is awesome, I will recommend everyone to use it.
How does the buy-down program work exactly if you don't mind explaining/
@@Geeky_RobloxGirl I went to the initial workshop last summer and, if I remember correctly it's partially based off the mortgage amount. For example, if the house is 100k, you can pay 1% of that in order to buy down your rate by 1% or 1,000 up front to take your rate from 3.25% to 2.25%. That's not the exact ratio, but it's similar to that.
how long did your process take from beginning to closing on your home ?
@@bauthentic333 According to majority at least 6 months to finish application then few months to close
Does that money go toward the total cost of the home ? Does the home cost go from $100000 to $90000 because I paid $10000 to pay down my mortgage?
I'm in Charlotte, NC thanks for responding so quickly.
I purchased my home through NACA and I will say it can be frustrating but soooo worth it. First meeting to close took me 7 months. 2 of those months was me finding my house, a couple weeks was due to closing date getting pushed back. I was also going through the process over the holidays so I believe my loan officer at the bank went on vacation. I would say be vigilant with your counselor. They are overworked and underpaid. I got a great rate and my mortgage is the same I was paying for rent in a much smaller place.
Thank you for sharing and encouraging others!
Bought my first home through them and it was the best thing I ever did. Dont give up, the people I worked with were awesome and on point. Wouldn't have been able to get a house otherwise.
Thanks for the encouraging words
I just found out about this program today via TikTok. I signed up for the webinar which is next month. I wanted to get a house last year but my debt to income ratio was too high so when I heard the perks, I was all for it. I was going to do habitat for humanity at one point but I didnât finish the process because I donât like that you canât choose the location of your home.
I personally know people it has worked for and didnât, so it really depends on the NACA office and team you are working with. I did all the steps, had the mortgage approval letter, and had tons of roadblocks from my counselor for nearly two years. Because I crossed calendar years, I had to pay the fees again because itâs based on calendar year and not your year in the program. I reported him both locally and nationwide and no one responded to me. I figured because I wasnât their âidealâ success story, he kept dragging his feet and âforgettingâ we had appointments scheduled. It took me less than 60 days to find and purchase my home with a mortgage through my credit union with a smooth process. Best of luck to anyone going through their process.
Good points!
My wife and I are currently going through NACA. Yes, it is a very lengthy process but we already know it'll be worth it so that helps get over the frustration.
Now my cousin recently told me about 203k so if you're impatient they might be a suitable alternative đ€·đŸââïž
Great program...last 30+ years and going strong...!
Im a new realtor and I started following your channel..gaining so much knowledge to help my client. soon as i get my first check, you're the first person i'm donating to. Thank you!
Thanks your feedback is donation enough. That's so much for watching.
JLboogy where are you locatef
Thank you for this information. I am a first time home buyer in NC and I have no idea where to start. Your info is so helpful.
Iâve been watching your videos and Iâm so glad you did one on NACA! Iâm currently in the qualification stage and let me just say this program is not for the faint of heart. Currently we definitely need this program because our scores are just not where they need to be. NACA basically forces you to address things you may have been avoiding on your credit and budget things you might not even realize. Also, with no down payment and no closing costs it was a no brainer to us even though it takes TIME. Im praying that even though things are not moving quickly by the time we are qualified the housing market has been corrected so our approval amount can go further. Currently 14k saved and credit scores have increased 60+ points! Itâs definitely worth it for some!
Thanks for watching and keep us updated on your NACA journey!
Humble Star sure! Iâll email you now!
Stick with it! Itâs so worth it! They definitely set you up for success.
Stick with it ... the loan will CLOSE. Best of luck family.
Mimi Williams thank you very much!
Iâm a Realtor in California, I appreciate the information.
5:12 to 5:19 sums it up superbly for the buyer side. I considered the NACA program but decided to go conventional or FHA because it isn't difficult for me (credit in mid 700s, offered 3.25 and 3.75 rates, etc.). I was seeking a duplex to renovate and, since some of those sit on the market for a while, I wasn't concerned with a seller passing me up due to the NACA process. I read their handbook and understand the reasons for the steps; with all the benefits I'd be leary if it was any easier. Motivation and organization are definitely key. I honestly think completing the process may make for a more responsible homeowner. If you're still in the saving process, I'd give it a shot.
Thank you for sharing. I have to see what I said between 5:12-5:19đ
Thanks for info. Its all about time and patience. Naca is not for everyone but many can benefit from it. I like the idea if your renting a home and want to buy the home later and use Naca. Thats a good idea. Im currently renting a home and this would be something I can do. The homeowner is looking to sell in a few years. Great info. Keep up good work.
We used NACA and closed in 2019. It was a lengthy and intense process. We closed in 2 months! It took a lot of time on our behalf to push through but we saved a ton of money and got the house we really wanted. Thanks for sharing your perspective
Iâm currently at the last step with Naca. what she is saying is true. My paperwork is all together and approved Iâm just waiting for a closing date currently. This is not something that is done quickly but the financial paperwork that came in shows it is worth it.
Best of luck...when did you start the process?
I bought my house through Nacaâs process you know my internet rate less than 1% I.e 0.25% thanks God
That is awesome!
What state was that in that you received 1%
Virginia state
What??? I need information please about it
After your fished your process Naca will ask you to buy their credit and then buy from them so you will see the difference how much you pay your monthly mortgage so low let me give you mine I bought the House with 3bedrooms and finished basement I.e full bath private enterance $410000 I bought Nacaâs credit $40000 from my checking account so you know how much my monthly mortgage $1120 not included tax so I rented the basement $1000 then I live almost free life thanks Jesus if you have any question give me call 571313 9240 Good luck
This program took me 1-2 years to complete and when I got my approval, they provided me with the wrong home request. We discussed a multi family and they gave me the one family approval. I had to resubmit my request and my coordinator went MIA so u had to do my own thing. However, they helped me save money
thank you for this insightful info!!! I'm currently in the process right now and was super discouraged when they cancelled my appointmentđŁ but this video is making me keep hope alive!!
Glad it was helpful!
My mother in law bought her house through NACA. She said it was lengthy, but she would do it again. They really set her up for success. Weâre debating on either going through NACA or going with a VA loan since my husband is military.
Save yourself the fees ( VA Funding fee + ) and go with NACA... in my opinion đđœ bless ya family
Mimi Williams thanks for the advice!
Mimi Williams blessings to you and yours as well â€ïž
I purchased my home with NACA in 2003. I was able to get a home because you didnât have to have a down payment , closing cost and mortgage insurance. It seems some of the steps have changed, but I had one item on my credit report that I was able to clear up with an explanation. I closed within about three months. Just like with any business not every employee is as competent as the next. Your experiences may be different depending on the dedication of your counselor. The reason you have so many check offs is their goal, at least when I went through the program, was to make sure when you purchased your home you would be in a position to maintain ownership. So I had a positive experience with NACA. Not all situations are the same.
Thanks for sharing. I think this is the case some people have a really good or really bad experience.
I brought my home in 2017, If you are organized, patient and have the time it's a GREAT Program.
Thanks for the encouragement and congratulations!
NACA Is true , long process but finally close Dec/2016 my husband and me got a new construction home in Texas !! đđ
Wonderful!
What part of Texas?
How long did it take u?? The process?
@@TheLookatit That process was like 2 years.
@@gloriavaldez7910 i clearly didnt ready ur comment well... Lol sorry but thnks again
This video made me subscribed đ thanks for the info and the heads up on what to expect dealing with NACA
Thanks for subscribing!
Thank you for this information. I attended the workshop but was still unsure. I'm not in a rush to purchase a home. After watching this video I will definitely be moving on the the next step with NACA.
Glad it was helpful!
Weâre in California but my husband and I were super excited when we got approved at the Dream event but it was extremely disorganized and horrific. Lost paperwork, constantly sending papers we already submitted, plus since we were considered non-priority members we couldnât buy where we wanted. Just saving now so we can do the conventional route.
Great clear and right to the point. Thank you for providing information about the NACA program.
Glad it was helpful!
Yes everything here is TRUE. Basically what this video said to me is that most of the NACA agents are disorganized and not on top of business. I tried this route, had everything together agent said I corrected e everything underwriter aww as looking for and then I was assigned a new agent for whatever reason. This one basically had me starting over the long process I had went through. After dealing there disorganization a while longer I chose to just go at it without them. Like she said great for people who have time and are willing to jump through their hoops!
Thanks for sharing and watching!
Thats true. Im still going through the process over 1 year and my 3rd agent. Fortunately for me I have time. But if i didn't I wouldn't wait.
@@asiathompson4006 I went through the process over 7 years ago. I worked those guys and bust my butt to get my home. 2.83% interest rate. 30 year fixed rate.
@@mostmost1 thanks for that boost of confidence. Because I need to move. Lol.. I don't know if you are hearing about the summer of shootings in NYC. I live right among this. And its getting nervous, I'm not gonna lie. People getting shot in broad daylight đł. And its mostly young people and kids. I can't do it anymore.
@@asiathompson4006 I'm from Chicago and that was my main focus in getting my son's to a better environment. I know the feeling very well. I watched videos like this and more on CZcams that taught me so much. I also received a grant from my suburb giving me more money to pay down my interest rate. You can definitely do it!
They save my mortgage few years ago so I don't have anything bad to say about them they are good they are good maybe not perfect but they damn sure do help me
NACA was a nightmare for my wife and me. We were in the program for 7 months. We had all of our money saved, we provided all the documentation we were asked for, but our rep kept coming up with new things EVERY visit. We took days off of work to meet, and she no-call-no-showed TWICE! Seven months in, and we were still in the same spot we started in. We didn't lack anything! Our rep just kept coming up with new stuff like..."oh, this document has some of the creditor's name cut off. You'll have to come back with a new document."
Our credit (even though NACA doesn't look at credit), income, and savings were all on point. We finally walked away and were in a house two and a half months later. That means shopping for, offering, having our offer accepted, and closing. We did in two in a half months what NACA couldn't do in seven. Oh, and since I'm a veteran, I still got the house with no money down. I wasted 7 months with NACA!
Thanks for sharing, it is good for everyone to see both sides.
Thatâs rough. Definitely bad experience due to the councilor but you were all set with the VA loan anyways! NACA was better but VA is amazing too
On paper a great program. If you are lucky you will have a NACA office. For over a year I was on the NACa roller coaster. The goal post keeps changing. I finally gave up. Research NACA and hear the frustrating stories. Good luck
Carlos Marrero, weâve had the same experience. I talked about it in my original post. I fear for so many that this program, that seemed to be good once, is no longer that. There seem to be no clear expectations for qualifications. Members just wait for the next appointment to find out what new thing theyâll need to do...that canât be done in that meeting. Itâll have to wait a month until they can schedule you again, to find out the new-new thing you MUST do.
@@ShaheedahHill I think i'm going to stay away and Sandy Thank you for sharing your experience..
So happy I found this video. Iâm in the process of fixing my credit to start the home buying process. This is good information
Glad it was helpful!
I just signed up for the workshop
I'm going to start by saying that I believe I have one of the lowest interest rates in America.
I see in the comments below there is someone else with a rate as low as mine.
Up until me writing this comment I have never heard of anyone else but myself with a rate as low..
30 year fixed rate of .25%.
I did not say 2.5% I said .25% do you know what means?
Unbelievable right?
I have been meaning to do a video on this myself.
I went through the process in 2012 and 2013.
Shaheedah is spot on in everything she's saying.
I may as well repeat everything she has said and make it as if I'd said it.
Everything she says is exactly what I went through.
The good news is that when you get to the other side it is so worth it!
Only thing I could add to what she has already
said is to emphasize not giving up.
It gets frustrating.
You have to be proactive.
Congrats! I need a .25. You are right about that - Super low rate!
That's amazing
Bruce Marks... he's the best..NACA..would have been @JacobJavits Center....but, the virus..!..Good luck to all that apply..!
How did you get to .25 interest?
I am a Realtor in South Florida and one of my clients closed at 0.125% which is the minimum... I myself closed my home with NACA at 0.625%... When CITI was with NACA the lowest was 0.0625%... Yes, practically 0% but now that it's only Bank of America, the minimum is 0.125%
Thanks for making these videos, its very informational and no fluff. Great job Shaheedah!
Thank you!
I have never heard of this! I am going to look into this
NACA program is very real, you are absolutely correct with everything your saying, you just have to be patient & follow through with everything they tell you to do, my husband and I were very skeptical at first, but we are in our home shopping phase as we speak, it's stressful but very exciting!!!!!đđ„°â€ïž
Best of luck and thank you for watching!
AND NOW WE OWN OUR HOME!!!!!!!đ„°đ„°đ„°â€ïžâ€ïžâ€ïžđđđđ€đ€đ€
@@thepinkbunnybabelifestyle7101 congratulations
Thanks for sharing I'm in the home search stage. Took me 5months to become NACA qualified! I will also be utilizing a grant program through my city as additional funds to go toward my home an/or repairs!đ Right now my interest rate is 2.625%
Wonderful!
Thank you much for this video!
So far my process with NACA has been ok. I've been told the process can take several months but it's a great program.
Great to hear!
I'm in the Phoenix AZ market and I have closed a lot of NACA deals. If you understand how NACA works you can explain it properly and prepare your buyer so that you can close on time. You save sooooo much money and you don't pay PMI. I love NACA but it does have a bad taste in some peoples mouth and normally it is because the agent tried to close a deal without being educated on the process or the buyer got an overworked consultant and felt neglected.
Thanks for sharing!
Are you a realtor for NACA?
Your Agent Kam Hey there, have you assisted with any NACA deals in Laveen?
How can I get in contact with you? I live in Arizona and am interested in purchasing through NACA.
Do you have any connections in Houston?
I need an experienced NACA agent in LA. I'm looking to move next summer and want to start the process.
I like the fact that this program is here but to be honest the reason we have these issues is because no one wants to start off small. Getting a house that you can pay off out right (rent to own) in the country. And then save to get the house you want.
Greetings! Thank you.
I'm a California Realtor and I currently have had severals buyer clients inquire about the NACA program. I will definitely discuss the program with them to see if its the right fit for their timeframe. Thank you so much for this video.
Tell them to have a back up plan, it is a long process for many.
@@ShaheedahHill Thank you.
Thank you so much for this video I am currently going though my Naca process and our class was cut from 4 hours to 45 mins and I didn't learn much of anything
Thank you for watching, yes NACA can be frustrating sometimes. Hopefully you were able to get the NACA ID at the workshop to at least get started. Thank you for watching!
This video was very thorough and I enjoyed the run through! Thank you!
Glad it was helpful!
Hi love your channel be and a subcriber. In short good to see a STRONG BLACK WOMAN that's KNOWLEDGEABLE!!!!
Thanks for subscribing!
Hang in there guys. I brought my house through NACA. They do ask for a bunch of the same stuff over and over, but it's worth it not to have to pay PMI. I did have a desk job, so I had time to send them everything they asked for as soon as the asked for it. I had a great counselor, agent, and closing lawyer and I closed in about a month. Be patient!
Thanks for sharing
Hi...how much in closing cost did you have to pay..do they take a percentage based on the overall price of the home?
I did everything I was asked and was on top of my game. My counselor messed up my file so bad to where its costing me 7 more months of waiting to get approved. The program is great the process and ppl are terrible.
I agree
Great program for first time home owners!
It's really good mortgage company naca you saving money it's zero down payment and no closing fees.
I was successful with the NACA program. I am very organized and have a great realtor who is organized. My process lasted about six and a half months. I completed all the NACA steps in four months but had to was an extra two and a half months because my counselor was dropping the ball on submitting my paperwork for completion. All in all, itâs a great program, but you have to stay ontop of your process.
Thanks for sharing
Yup
I tried that program in the San Francisco Bay Area. I didn't have the patience so I stopped using the program and did it on my own; of course with the help of others. Like my Mom & my bonus Dad letting me live with them to save money. But I hear it do work. They also have a program called the Habitat for Humanity. They will help you with becoming a home owner.
Thanks for sharing!
@@ShaheedahHill You're welcome.
I'm approved (NACA-qualified status), but I'm more jaded about it than I started out. I've lost a ton of time from the initial webinar and homes are pretty much doubled in price since then. My qualification was put off 6 months for an arbitrary reason I'll never agree with. I got real bad info about the buy-down process which was a rude awakening after finally getting approved. The only thing that has kept me in the program is not being in a time crunch due to a lease. Kinda just want to get whatever home I can get and be done with them for the most part.
Thankyou for all your input the honest no matter what it was because going into this process we need this.
Thank you and best of luck!
Shaheedah, thank you for sharing this informative and insightful video. We appreciate that you can spread your knowledge about NACA to help others. Our communications team is expanding, so if you or anyone you know needs assistance, please don't hesitate to reach out to our team via any NACA social media platform. They can help coordinate internally and follow up promptly.
Thank you for your feedback and for watching!
@@kedratoney9622 You can start the process but you may not be approved until you have consistent on time payments.
Attend the online webinar to get all your specific questions answered. The link is in the description.
I went to a NACA workshop which was nice because I learned alot about budgeting, spending and saving. But once I tried to get started and realized all the hoops I had to jump through I said no. One thing you forgot to mention with NACA is that they only allow you to buy homes in certain areas (usually low income or poor neighborhoods) Thatâs what tore the deal for me. Like the majority of people who gave testimonies about NACA bought homes in sketchy cities. My husband and I attended the workshop in Feb but thank goodness we will be closing on a new construction home come October with a traditional bank.
Thank for sharing and congratulations!!!
This was the comment I was looking for
If you are a priority member, what you are saying applies, it is true you cannot buy wherever you want. If you are a non-priority member, this does not apply.
@@youtubecommenter1000 Hi! What does a "priority member" mean?
I donât want to stay in a sketchy city đą
Needed this!!! Thank you đđŸ
You're so welcome!
Bless you so much.
Thank you.
Thank you for watching!
Interesting information, just yesterday I register for their 3 hour long webinar/ Homebuyers Workshop. Itâs Ok that is a lengthy process. Patience is a good virtue to attain. So this NACA will help me with that too. Thanks for your information... I needed this.
Thanks for watching!
I tried to go through the NACA program. It's a very tedious process. I don't have the patience for it. But It has worked for a select few. If, you have the patience and willingness to volunteer your time, It could be beneficial.
Thanks for sharing!
Thanks for this info. I'm weighing my options now and this was extraordinarily helpful
Glad it was helpful!
Thanks for the information. You did a great job in condensing the pros and cons.
Thanks for watching!
My husband and I bought an apartment in Jacksonville last April, the process took about 6 months thereâs a lot of ins and outs and itâs very tricky the minimal discrepancy can cause the whole this to go south BUT if youâre organized itâs definitely worth the try
I'm trying in Jacksonville
I went through the whole process but ultimately decided to go another route. You need to be very organized and timely. I view it more for people who need someone to hold their hands and those who donât have the best history of managing their finances. I also didnât like the idea of being a âvolunteerâ for them on my own free time. My weekends belong to me.
Thanks for sharing!
How much volunteer time were they requiring?
@@QueenKunta It was about 10 years ago so honestly donât remember. It wasnât a lot though. I think maybe a couple weekends a year. The other bigger issue was that it limits the pool of sellers since they too had to go through some convoluted hoops.
Stefano, yes I agree NACA was hand holding. My realtor told me about NACA. Went to one of their program meeting to see what they had to say. I was not with the managing my pocket book...lol or holding my hand nosey they were...but I live in Georgia I went through another program called Georgia Dream its a housing program. They help with Down payment & Closing cost assistance with qualifications of course. All you would have to do is stay in the property you find for 5 years and the interest on that which is probably 20% down you don't won't have to pay back that back. It maybe $15,000 down-payment and say $ goes towards the closing cost. You will just need to get approved for the mortgage loan through a mortgage bank lender or your bank of the home you want say $180000 whatever ever amount. The mortgage lender and Georgia Dream will work together as well as yourself. I went through it and it was not a long process. I live in a 2 bedroom Townhouse now almost 3 years I recommend this program if you live in Georgia
@@dgdg159 Thanks for the info. I live in DC but I have relatives in the Dacula, GA area so Iâll share it with them. Thankfully I bought my condo almost 7 years ago so it all worked out in the end. Congratulations to you!
Thank you for this video Shahida! Great info!!
You're so welcome!
Thank you For This Video. Thank You For Your Time As Well.
My pleasure!