ACHIEVE THE DREAM EVENT OPENS IN ORLANDO FEBRUARY 14TH

By TTrumble | Published February 8, 2019

 

FOR IMMEDIATE RELEASE
Press Release – February 8, 2019

CONTACT:
Tim Trumble – Media Coordinator; Cell: 617-947-2632; ttrumble@naca.com
Bruce Marks – NACA CEO; Cell: 617-835-4477; bmarks@naca.com

 

 

NACA BRINGS BIGGEST HOMEOWNERSHIP EVENT IN AMERICA TO ORLANDO

 

THOUSANDS EXPECTED TO ATTEND EVENT TO ACCESS NACA’S BEST IN AMERICA MORTGAGE

 

(ORLANDO, FL – February 8, 2019) – The largest homeownership event in the United States will take place in the Orlando area over five days from Thursday, February 14th through Sunday, February 17th. Thousands of future homeowners from Florida and across the US will attend NACA’s “Achieve the Dream” event at The Park Inn and Conference Center, 3011 Maingate Ln, Kissimmee, FL 34747.

The NACA (Neighborhood Assistance Corporation of America) Achieve the Dream event will feature its one-stop mortgage operation, accessing NACA’s “Best in America” mortgage. Attendees can be pre-approved for NACA’s mortgage which features no down payment, no closing costs, no fees, a below market fixed rate and without consideration of a borrowers credit score (click here for flyer).

NACA provides the same extraordinary terms for all borrowers.  As Forbes magazine stated in their comparison of the best low down payment mortgages, “There is one exception, NACA, that charges the same rate regardless of the credit score”.  NACA has more $13 Billion committed by major banks for their mortgage program. Homebuyers at the event, many of whom had previously given up on homeownership, can be pre-approved the same day through NACA’s four-step process.

The Orlando Achieve the Dream event will be the first event such event in 2019, and the 15th event of the tour, which began in February 2018.   Previous NACA Achieve the Dream events have been spectacularly successful with more than 100,000 participants attending the 14 Achieve the Dream events conducted during 2018.

With extremely low numbers of low-to-moderate income and minority buyers achieving homeownership recently, NACA’s Achieve the Dream events have been the one bright spot in a dismal picture.  The upcoming Orlando event will significantly impact the affordable housing crisis in Central Florida and beyond.

“The roadblocks to homeownership for low- and moderate-income people have reached crisis proportions”, states Bruce Marks, NACA founder and CEO. “People are coming because their families, friends, co-workers and neighborhoods around the country have told them that NACA is the organization to help them achieve affordable homeownership”, Marks continued.

During the mortgage crisis, through NACA’s Save the Dream events, more than 250,000 homeowners were able to modify their unaffordable mortgages, often the same day. NACA’s Achieve the Dream events provide the same extraordinary outcomes for many thousands of homebuyers.

The NACA Mortgage does not use credit scores or “Risk Based Lending” but underwrites each borrower based on their individual circumstances, disregarding late payments they do not control and considering compensating factors.  All borrowers receive these extraordinary terms:

  • No down payment required
  • No closing costs (lender paid)
  • No fees
  • Loan-to-value -100% for purchase and 110% for purchases with a rehab
  • No consideration of credit score – evaluation of payment history the borrower controls.
  • Below market fixed interest rate
  • Term of 15 or 30 years fully amortizing
  • Buy-down to permanently reduce the interest rate to virtually zero percent
  • Purchase and renovation funds available

 

The Achieve the Dream event is open to all prospective homebuyers and NACA services are free of charge. Advance registration can be done at www.naca.com and walk-ins are welcome.

Media Links:
NACA Video
Hawaii Public Radio
Local 10 Miami
Spectrum News Charlotte

About NACA (www.naca.com):
The Neighborhood Assistance Corporation of America (NACA) is a non-profit organization dedicated to economic justice through home ownership and community action. Founded by economic advocate Bruce Marks more than thirty years ago, NACA is the nation’s largest HUD certified counseling agency. Through programs such as the Best in America Mortgage and HomeSave, NACA has helped thousands of consumers modify an unaffordable existing home loan or secure a mortgage to purchase a new home. NACA has a proven track record of providing affordable homeownership to low and moderate-income consumers. www.naca.com. #AchieveTheDreamNACA

 

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | Leave a comment

2019 MEMBERSHIP DUES MUST BE PAID FOR FILES TO CONTINUE MOVING FORWARD

By TTrumble | Published January 29, 2019

ALL MEMBERS PLEASE NOTE: As of today, you must be current on your membership dues for 2018 and 2019 in order to proceed past Stage 1 in the NACA process. A block presently is in place on all NACA Purchase Program files for which dues have not been paid through 2019.

Dues may be paid to your counselor at the local office or on line. The system will recognize a pending payment and count it towards your dues paid and remove the block that is in place as of today. (Should the payment bounce after being collected, the block will be restored and dues must be re-collected.)

Membership dues must be collected every calendar year, so 2019 dues must be collected for all Members, regardless of when they paid their 2018 dues or joined NACA.

If you still have questions, please contact NACA Member Services at 425-602-6222.

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | Leave a comment

NACA SOCIAL MEDIA GUIDELINES – MUST READ BEFORE POSTING

By TTrumble | Published July 11, 2017

The following are the guidelines for this Forum and all NACA social media, including Facebook, Twitter, Google Plus, Pinterest, LinkedIn, YouTube and Live Chat:

The following rules have always been posted near the top of the Forums page on the forum website at http://forums.naca.com, just above the links to the five forum categories:

Welcome to the NACA Forums! Please keep in mind that this is a public forum. Any derogatory, inflammatory or questionable content will be removed by administrators. Also, please DO NOT post any personal information, such as passwords, NACA ID numbers, or Social Security numbers; NACA Staff will never require this information on the Forums.

Disregard for the rules of the Forum and abuses of the Forum and other social media in general is not tolerated. Such activity hinders the effectiveness of the NACA social media efforts as tools for asking questions, sharing information and for those who are seeking help with problems in either the Home Save or Purchase programs. To prevent such abuses, the following rules apply for this Forum and all NACA social media:

F(orum) comes before E(mail):

Maybe not in the alphabet, but here in the forum, F comes before E. In other words, please post your question in the Forum rather than circumvent the system and send an Email to an address you happen to find in the forum. The forum exists for several purposes, not the least of which is the sharing of information that may be beneficial to many of our members.

Most of the questions we receive are more generic in nature than most people think. By posting a question in the Forum first, it can be most likely answered here in the Forum unless it involves specific information in your file. By handling the question or problem here whenever possible, other members experiencing a similar problem could get the answer and help they need more quickly and without making a single additional keystroke.

If responding to your post does require specific information, you will be advised on the best means of contact with us so any personal information can be communicated securely and confidentially.

The Forum Does Not Replace NACA Services:

The NACA Forum or other NACA social media are in no way a substitute for NACA Counseling and Advocacy services whether in the Home Save or Purchase Programs, and information found here should not be considered a replacement for communicating with a NACA counselor, Member Services rep or any other NACA representative. While much of the information here is general in nature and applicable to most situations, specific questions regarding your file cannot be addressed in this or any other public forum for privacy reasons. Additionally, every file has unique factors and issues of its own. Therefore, you should always attempt to communicate your questions and concerns with your Mortgage Consultant in the Purchase Program and with a Counselor, Member Services or other Member Assistance Program (MAP) representative. Our Member Services Department can be reached at 425-602-6222 from 8:30am to 5:30 pm Eastern Time Monday through Friday.

Keep it Civil:

Another serious issue is the tone used in some messages. We eagerly invite anyone who is having what they perceive to be any sort of problem with the NACA process or on line system to use the NACA Forum and social media channels as a means of reaching out to us with those concerns so we can help solve them in whatever way we can. However, please remember to compose your message in the same manner in which you would like to receive the response. As noted above, “derogatory, inflammatory or questionable content” has always been grounds for posts to simply be deleted without response, and will continue to be so. Deletion of any and all messages from any individual or group of people is at the sole discretion of the Forum administrators. This includes sarcasm as well as insulting and accusatory statements. While we are in fact eager to help with any problems that may occur, if you can’t write without being cynical, you may want to hold off a bit until you can be more rational in expressing your concerns.

No Personal Information:

While this one should be common sense, it is surprising how many people will post their name, NACA ID number and even their telephone number in a forum post or even on Facebook. Please remember that what you write here can be read by anyone on the internet. This is not a membership-restricted site, so please do not post any information about yourself here that you would not announce over a microphone to a crowd of twenty thousand people. Again, that personal information starts with and includes your NACA ID number. Never post it or any other personal information in a public forum, here or anywhere else on the web.

Oh, By the Way, Who Am I Talking To?

Under other circumstances, this would actually be funny. We far too commonly receive emails from members who go to substantial effort to make sure they have provided a wonderfully detailed explanation of their problem or question to insure we have all the information necessary to address their concerns… Then forget to include their NACA ID number, leaving us in the dark or doing detective work to find out which file we are dealing with.

It’s really a simple, common sense rule. NEVER post your ID in a public place, but ALWAYS include it, every time, in private communications such as an email or the Live Chat system available through the NACA website.

One Way or Another:

While we realize you intend to be thorough by doing so, posting the same message to the Forum, our Facebook page, and emailing it to a Forum administrator is actually counter-productive. Most likely, all three messages will go to the same person, which means answering the same question for the same person three separate times. This redundancy only slows down our response time to you and everyone else we are trying to help. So please limit yourself to one method when communicating with us.

Once is Enough:

Likewise, posting the same message in multiple threads in the Forum will have the same effect as posting through several different media.

Each still has to be addressed and responded to separately, which only slows down our response time and can confuse members who may then falsely think that they have read the entire thread previously and possibly miss out on some important information that could have a bearing on their own file.

Similarly, multiple messages each day with minor or random questions bog things down too. We want to answer those questions for you, but in such a circumstance, please send them all in one daily message if possible.

By posting in this Forum, you certify that you have read and agree to abide by these rules. Failure to comply with these rules will result in the deletion of offending posts and the writer potentially being banned from this Forum and other NACA social media.

As you can see, these are really just common sense rules, largely based on common courtesy. Abiding by these guidelines will help the NACA staff help you in whatever means possible and encourage a positive, free flow of information through this Forum, which is its most fundamental purpose.

Thanks!

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | 31 Comments

MEDIA ADVISORY – CONGRESSMAN DARREN SOTO TO VISIT NACA ACHIEVE THE DREAM EVENT 11:00 SATURDAY MORNING

By TTrumble | Published February 16, 2019

*****MEDIA ADVISORY *****
FOR IMMEDIATE RELEASE
February 15, 2019

CONTACT:
Tim Trumble – Media Coordinator; Cell: 617-947-2632; ttrumble@naca.com
Bruce Marks – NACA CEO; Cell: 617-835-4477; bmarks@naca.com

 

WHAT: CONGRESSMAN DARREN SOTO TO VISIT NACA’S ACHIEVE THE DREAM EVENT
WHERE: Park Inn Radisson, 311 Maingate Lane, Kissimmee, FL 34747
WHEN: Media Opportunity – Saturday, February 16th, 11:00 a.m.
WHO: Hundreds of homebuyers, NACA homeowners and NACA CEO Bruce Marks

CONGRESSMAN DARREN SOTO TO VISIT NACA’S HOMEOWNERSHIP EVENT WITH HUNDREDS OF HOMEBUYERS SATURDAY MORNING

NACA PROVIDES EXTRAORDINARY HOMEOWNERSHIP OPPORTUNITY WITH AMERICA’S BEST MORTGAGE: NO DOWNPAYMENT, NO CLOSING COSTS & BELOW MARKET FIXED RATE – 3.875% APR (2/15/19)

(Kissimmee, FL – February 15, 2019) Florida 9th District Congressman Darren Soto (D) will visit NACA’s Achieve the Dream homeownership event Saturday morning at 11:00 a.m. at the Park Inn Radisson, 3011 Maingate Lane, Kissimmee, FL 34747. While at the event, the congressman will meet with NACA homeowners, hundreds of homebuyers and NACA CEO Bruce Marks. (click for event flyer)

The Achieve the Dream event, which opened Thursday, is helping thousands of low and moderate income home buyers obtain NACA’s Best in America mortgage which features no down payment, no closing costs, no PMI and no need for perfect credit. Ten years after the beginning of the mortgage crisis, NACA is the one bright light in the disastrous lack of mortgage lending for low to moderate-income and minority borrowers. (click for CNBC story)

NACA CEO Bruce Marks commented, “As a member of the House Subcommittee on Consumer Protection and Commerce, Congressman Soto is acutely aware of the affordable housing crisis in Florida and the entire country. He will get to see how the NACA program and especially our Achieve the Dream events directly address the housing crisis by providing low and moderate income buyers with NACA’s Best in America mortgage that destroys the myth that it is not possible to lend on affordable terms to low-to-moderate income and minority individuals on scale.”

As Forbes magazine stated in their comparison of the best low down payment mortgages, “There is one exception, NACA, that charges the same rate regardless of the credit score”. Bank of America has committed $10 Billion to the NACA mortgage program.

The Orlando Achieve the Dream event runs through Sunday, February 17th from 8:00 AM to 8:00 PM each day. The event is open to all prospective homebuyers, and NACA services are free of charge. Previous NACA Achieve the Dream events have been spectacularly successful with more than 5,000 participants at each one across the country and thousands of pre-approvals.

NACA Mortgage underwriting does not use the restrictive and ineffective “Risk Based Lending” criteria. NACA underwriters evaluate each borrower based on their individual circumstances, eliminating late payments they do not control and considering compensating factors. All borrowers receive the same extraordinary terms:

• No down payment required
• No closing costs (lender paid)
• No fees
• Loan-to-value -100% for purchase and 110% for purchases with a rehab
• No consideration of credit score
• Below market fixed interest rate
• Term of 15 or 30 years fully amortizing
• Buy-down to permanently reduce the interest rate to virtually zero percent
• Purchase and renovation funds available

The Achieve the Dream event is open to all prospective homebuyers. NACA services are free of charge and walk-ins are welcome.

Media Links:
Local 10 Miami
NACA Video
Hawaii Public Radio
Spectrum News Charlotte

About NACA (www.naca.com):
The Neighborhood Assistance Corporation of America (NACA) is a non-profit organization dedicated to economic justice through home ownership and community action. Founded by economic advocate Bruce Marks over thirty years ago, NACA is the largest HUD certified counseling agency with more than two million members nationwide. Through programs such as the Best in America Mortgage and HomeSave, NACA has helped thousands of consumers modify an unaffordable existing home loan or secure a mortgage to purchase a new home. With 50 offices nationwide, and our HUD approved housing counseling agency providing about 50% of the total counseling in the country, NACA is setting the national standard. NACA’s proven process allows low to moderate income consumers to realize the American dream of homeownership. Bank of America has committed $10 billion to NACA pre-approved mortgage loans. www.naca.com. Event flyer. #AchieveTheDreamNACA. NMLS 4082

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | Leave a comment

First ACHEIVE THE DREAM Event of 2019

By TTrumble | Published January 15, 2019

IT’S HERE! NACA announces our first Achieve the Dream event of 2019! We will be in the #ORLANDO area February 14th through 17th at the Park Inn Resort & Conference Center, 3011 Maingate Ln, Kissimmee, FL 34747. Doors open 8:00 am to 8:00 pm each day. Register now at www.naca.com!

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | Leave a comment

TAX TIME AND THE GOVERNMENT SHUTDOWN

By TTrumble | Published January 7, 2019

As a result of the ongoing Federal Government shutdown, NACA will delay the requirement of Tax Transcripts for new Members.  Please note that the requirement for a tax transcript for the past two years’ returns is only being DELAYED, not SUSPENDED. All affected members will need to obtain tax transcripts from the IRS as soon as the shutdown ends or an appropriations bill is passed that allows the Treasury Department/IRS to re-open.

This delay does not apply to Members that have not been able to verify they filed at previous requests.

Members must still submit their completed and signed tax returns from the past two years. For the time being, we will accept a signed statement that reads “I attest the attached 1040s are what I filed, and I will obtain transcripts when they become available” in lieu of the accompanying transcripts.

Reminders:

  • 2018 W2s are still Required as of 1/31/2019 for all Members that had W2 income in 2018.  This is for both Credit Access and Qualification submissions.
  • 2018 1099s are still Required as of 1/31/2019 for all Members that had 1099 income in 2018.  This is for both Credit Access and Qualification submissions.
  • All Self Employment Members must have 12 months bank statements in their file to determine affordability.
  • THE GOVERNEMNT SHUTDOWN HAS NOT CHANGED THE FEDERAL TAX FILING DEADLINE OF APRIL 15TH. 2018 Form 1040s are required to be submitted to your NACA file as soon as either (1) indication taxes have been filed (IRS deposit check, payment check, payment to tax preparer indicated in bank statements, tells their counselor they filed, etc.) or (2) by April 15th, 2019 , whichever comes first.
  • We do not accept the filing for an extension (form 4868) as a filing.  Most people that file for an extension wind up owing taxes and we need to verify they have the minimum required funds to purchase after taxes are resolved.
  • PLEASE REMEMBER that NACA employees are neither authorized nor qualified to give tax advice.
Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | Leave a comment

2018 W-2 and 1099 Deadline Approaching

By TTrumble | Published January 4, 2019

All NACA Members currently in the NACA Purchase Program or Home Save Program who are W-2 wage earners or 1099 employees/independent contractors must have their 2018 W-2 and 1099 forms submitted to their NACA file no later than Thursday, February 1, 2018.

These forms are required by law to be delivered to the wage earner no later than January 31st, and must in turn be submitted to your NACA file immediately for your file to continue forward in the process.

Files that do no have these documents included by February 1 may not continue in the NACA process, and may result in the cancellation of counseling appointments until the documents are received.

Likewise, completed 2018 tax returns must be in the file no later than this year’s filing deadline, Monday, April 15th. Files without completed tax returns on April 16 are also subject to suspension until documents have been submitted. This includes members who have filed a Form 4868, Application for Automatic Extension of Time to File.

These documents are required in a timely manner so we may confirm your income and affordability. Your cooperation in submitting these documents is greatly appreciated and will prevent you from unnecessary delays in your journey to home ownership or an affordable modification.

Any questions may be directed to NACA Member Services at 425-602-6222 from 8:30 a.m. to 5:30 p.m. Monday through Friday.

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | 2 Comments

Happy Thanksgiving from Everyone at NACA!

By TTrumble | Published November 21, 2018

Dear NACA Members,
 
I wanted to take a moment to wish everyone a very Happy Thanksgiving!
 
We have a great deal to be thankful for. We at NACA are especially thankful for the opportunity we are given every day to help families have a home of their own.
 
Knowing that we have been a part of improving the lives of families that now have the comfort of a home that they own, is truly affordable and in which they can raise families and share time together is not only very gratifying for us but is a huge part of the motivation that keeps us going, now for more than 30 years.
 
This has been a very active, productive and even adventurous year for NACA. As we start to wind down 2018 and prepare for 2019 we see that there is more for NACA to do than ever before.  We will hold more Achieve the Dream events, continue to expand our network of offices and increase our community activism, all focused on our mission of economic justice. And we look forward to it with great enthusiasm.
 
I have the great privilege of leading an awesome staff at NACA, and we hope that you enjoy the long holiday weekend with family and friends as we will be doing. Have a safe and wonderful Thanksgiving holiday!
 
Sincerely,
Bruce Marks

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | Leave a comment

NACA CONDUCTS LARGEST HOMEOWNERSHIP EVENT IN ILLINOIS HISTORY

By TTrumble | Published October 25, 2018

*****PRESS RELEASE *****

FOR IMMEDIATE RELEASE
October 25, 2018

CONTACT:
Tim Trumble – Media Coordinator; Cell: 617-947-2632; ttrumble@naca.com
Bruce Marks – NACA CEO; Cell: 617-835-4477; bmarks@naca.com

 

WHAT: LARGEST HOMEOWNERSHIP EVENT IN ILLINOIS HISTORY – Oct. 25 – 28
WHERE: Donald E. Stephens Convention Center, 5555 N. River Rd., Rosemont, IL 60018
WHEN: Media Opportunity – Press conference Thursday, October 25th, 11:00 a.m.
WHO: Thousands of homebuyers, NACA homeowners, NACA CEO Bruce Marks, Bank of America Executives, Chicago and Illinois political figures, and community leaders.

 

NACA KICKS OFF CHICAGO HOMEOWNERSHIP EVENT FOR THOUSANDS OF HOMEBUYERS  

PROVIDING UNPRECEDENTED HOMEOWNERSHIP OPPORTUNITY WITH NO DOWNPAYMENT & NO CLOSING COST MORTAGE

 (CHICAGO, IL – October 22, 2018) – Thursday, October 25th at 11:00 a.m. NACA will kick off its Chicago “Achieve the Dream” one-stop mortgage event at the Donald E. Stephens Convention Center.  NACA and Bank of America executives will be joined by political and community leaders to highlight the extraordinary homeownership opportunities provided during this four-day event.

Ten years after the beginning of the mortgage crisis, NACA is the one bright light in the disastrous lack of mortgage lending for low to moderate-income and minority borrowers.  Thousands will attend the Achieve the Dream event because their families, friends, co-workers and neighbors around the country have told them that NACA is the go to organization to achieve affordable homeownership (click for CNBC story).

The NACA program directly confronts the affordable housing crisis with the Best Mortgage in America that requires no down payment, no closing costs, no PMI, at a below market fixed rate and no need for perfect credit. During this one-stop mortgage operation homebuyers will attend a homebuyer workshop, meet one-on-one with a NACA Counselor, and have their file underwritten to be pre-approved for NACA’s extraordinary mortgage, often in one day.

NACA provides the same terms for all borrowers, many of whom have given up on homeownership.  As Forbes magazine stated in their comparison of the best low down payment mortgages, “There is one exception, NACA, that charges the same rate regardless of the credit score”.  Bank of America has committed $10 Billion to the NACA mortgage program.

“The NACA Mortgage, without the need for a down payment or closing costs, eliminates the significant savings requirement that locks out many homebuyers in today’s market”, stated Bruce Marks, NACA’s CEO and founder.  “In addition, NACA’s below market fixed rate with the ability to buy-down the interest rate with government assistance provides a monthly payment that makes it possible to purchase homes throughout region,” continues Bruce Marks.

The Chicago Achieve the Dream event runs Thursday, October 25th through Sunday, October 28th from 8:00 AM to 6:00 PM each day. The event is open to all prospective homebuyers, and NACA services are free of charge.  Previous NACA Achieve the Dream events have been spectacularly successful with more than 5,000 participants at each one across the country and thousands of pre-approvals. These events have destroyed the myth that it is not possible to lend on affordable terms to low-to-moderate income and minority individuals on scale.

NACA Mortgage underwriting does not use the restrictive and ineffective “Risk Based Lending” criteria.  NACA underwriters evaluate each borrower based on their individual circumstances, eliminating late payments they do not control and considering compensating factors. All borrowers receive the same extraordinary terms:

  • No down payment required
  • No closing costs (lender paid)
  • No fees
  • Loan-to-value -100% for purchase and 110% for purchases with a rehab
  • No consideration of credit score
  • Below market fixed interest rate
  • Term of 15 or 30 years fully amortizing
  • Buy-down to permanently reduce the interest rate to virtually zero percent
  • Purchase and renovation funds available

NACA already has an impressive track record. During the mortgage crisis, through NACA’s Save the Dream events over 250,000 homeowners were able to modify their unaffordable mortgages, often the same day. The Chicago Save the Dream events were incredible with tens of thousands of homeowners. Now, NACA’s Achieve the Dream events provide the same extraordinary outcomes for many thousands of homebuyers and continue to assist homeowners with an unaffordable mortgage.

The Achieve the Dream event is open to all prospective homebuyers. NACA services are free of charge and walk-ins are welcome.

Media Links:
Local 10 Miami
NACA Video
Hawaii Public Radio
Spectrum News Charlotte

About NACA (www.naca.com):
The Neighborhood Assistance Corporation of America (NACA) is a non-profit organization dedicated to economic justice through home ownership and community action. Founded by economic advocate Bruce Marks over thirty years ago, NACA is the largest HUD certified counseling agency with more than two million members nationwide. Through programs such as the Best in America Mortgage and HomeSave, NACA has helped thousands of consumers modify an unaffordable existing home loan or secure a mortgage to purchase a new home. With 50 offices nationwide, and our HUD approved housing counseling agency providing about 50% of the total counseling in the country, NACA is setting the national standard. NACA’s proven process allows low to modest income consumers to realize the American dream of homeownership. Bank of America and CitiMortgage have committed $13 billion to NACA pre-approved mortgage loans. www.naca.com. Event flyer. #AchieveTheDreamNACA.

 

 

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | Leave a comment

NACA Conducts Chicago Homeownership Event for Thousands

By TTrumble | Published October 23, 2018

*****PRESS RELEASE *****
FOR IMMEDIATE RELEASE
October 22, 2018

CONTACT:
Tim Trumble – Media Coordinator; Cell: 617-947-2632; ttrumble@naca.com
Bruce Marks – NACA CEO; Cell: 617-835-4477; bmarks@naca.com

 

WHAT: LARGEST HOMEOWNERSHIP EVENT IN ILLINOIS HISTORY – Oct. 25 – 28
WHERE: Donald E. Stephens Convention Center, 5555 N. River Rd., Rosemont, IL 60018
WHEN: Media Opportunity – Press conference Thursday, October 25th, 11:00 a.m.
WHO: Thousands of homebuyers, NACA homeowners, NACA CEO Bruce Marks, Bank of America Executives, Chicago and Illinois political figures, and community leaders.

 

NACA KICKS OFF CHICAGO HOMEOWNERSHIP EVENT FOR THOUSANDS OF HOMEBUYERS

PROVIDING UNPRECEDENTED HOMEOWNERSHIP OPPORTUNITY WITH NO DOWNPAYMENT & NO CLOSING COST MORTAGE

(CHICAGO, IL – October 22, 2018) – Thursday, October 25th at 11:00 a.m. NACA will kick off its Chicago “Achieve the Dream” one-stop mortgage event at the Donald E. Stephens Convention Center.  NACA and Bank of America executives will be joined by political and community leaders to highlight the extraordinary homeownership opportunities provided during this four-day event.

Ten years after the beginning of the mortgage crisis, NACA is the one bright light in the disastrous lack of mortgage lending for low to moderate-income and minority borrowers.  Thousands will attend the Achieve the Dream event because their families, friends, co-workers and neighbors around the country have told them that NACA is the go to organization to achieve affordable homeownership (click for CNBC story).

The NACA program directly confronts the affordable housing crisis with the Best Mortgage in America that requires no down payment, no closing costs, no PMI, at a below market fixed rate and no need for perfect credit. During this one-stop mortgage operation homebuyers will attend a homebuyer workshop, meet one-on-one with a NACA Counselor, and have their file underwritten to be pre-approved for NACA’s extraordinary mortgage, often in one day.

NACA provides the same terms for all borrowers, many of whom have given up on homeownership.  As Forbes magazine stated in their comparison of the best low down payment mortgages, “There is one exception, NACA, that charges the same rate regardless of the credit score”.  Bank of America has committed $10 Billion to the NACA mortgage program.

“The NACA Mortgage, without the need for a down payment or closing costs, eliminates the significant savings requirement that locks out many homebuyers in today’s market”, stated Bruce Marks, NACA’s CEO and founder.  “In addition, NACA’s below market fixed rate with the ability to buy-down the interest rate with government assistance provides a monthly payment that makes it possible to purchase homes throughout region,” continues Bruce Marks.

The Chicago Achieve the Dream event runs Thursday, October 25th through Sunday, October 28th from 8:00 AM to 6:00 PM each day. The event is open to all prospective homebuyers, and NACA services are free of charge.  Previous NACA Achieve the Dream events have been spectacularly successful with more than 5,000 participants at each one across the country and thousands of pre-approvals. These events have destroyed the myth that it is not possible to lend on affordable terms to low-to-moderate income and minority individuals on scale.

NACA Mortgage underwriting does not use the restrictive and ineffective “Risk Based Lending” criteria.  NACA underwriters evaluate each borrower based on their individual circumstances, eliminating late payments they do not control and considering compensating factors. All borrowers receive the same extraordinary terms:

  • No down payment required
  • No closing costs (lender paid)
  • No fees
  • Loan-to-value -100% for purchase and 110% for purchases with a rehab
  • No consideration of credit score
  • Below market fixed interest rate
  • Term of 15 or 30 years fully amortizing
  • Buy-down to permanently reduce the interest rate to virtually zero percent
  • Purchase and renovation funds available

NACA already has an impressive track record. During the mortgage crisis, through NACA’s Save the Dream events over 250,000 homeowners were able to modify their unaffordable mortgages, often the same day. The Chicago Save the Dream events were incredible with tens of thousands of homeowners. Now, NACA’s Achieve the Dream events provide the same extraordinary outcomes for many thousands of homebuyers and continue to assist homeowners with an unaffordable mortgage.

The Achieve the Dream event is open to all prospective homebuyers. NACA services are free of charge and walk-ins are welcome.

Media Links:
Local 10 Miami
NACA Video
Hawaii Public Radio
Spectrum News Charlotte

About NACA (www.naca.com):
The Neighborhood Assistance Corporation of America (NACA) is a non-profit organization dedicated to economic justice through home ownership and community action. Founded by economic advocate Bruce Marks over thirty years ago, NACA is the largest HUD certified counseling agency with more than two million members nationwide. Through programs such as the Best in America Mortgage and HomeSave, NACA has helped thousands of consumers modify an unaffordable existing home loan or secure a mortgage to purchase a new home. With 50 offices nationwide, and our HUD approved housing counseling agency providing about 50% of the total counseling in the country, NACA is setting the national standard. NACA’s proven process allows low to modest income consumers to realize the American dream of homeownership. Bank of America and CitiMortgage have committed $13 billion to NACA pre-approved mortgage loans. www.naca.com. Event flyer. #AchieveTheDreamNACA.

 

 

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Media Advisory – NACA CONDUCTS LARGEST HOMEOWNERSHIP EVENT IN AMERICAN HISTORY IN ATLANTA

By TTrumble | Published September 12, 2018

 

*****MEDIA ADVISORY*****
FOR IMMEDIATE RELEASE
September 12, 2018

  

CONTACT:
Tim Trumble – Media Coordinator; Cell: 617-947-2632; ttrumble@naca.com
Bruce Marks – NACA CEO; Cell: 617-835-4477; bmarks@naca.com

 

 

WHAT: MEDIA OPPORTUNITY – KICKOFF OF LARGEST HOMEOWNERSHIP EVENT IN AMERICAN HISTORY
WHERE: AmericasMart, Bldg 2, 4th Floor, 230 Ted Turner Dr NW, Atlanta, GA 30303
WHEN: Thursday, September 13th, 2018, 11:00 am
WHO: Thousands of homebuyers, many NACA homeowners, Atlanta City Council Members, NACA CEO Bruce Marks, Bank of America Market President Wendy Stewart, Atlanta City Council Members Michael Bond and Matt Westmoreland, City of Atlanta Human Resources Director Pamela Beckerman, Pastor Carla Stokes of New Birth Missionary Baptist Church, Larry Haqq, Executive Director of the Housing Authority of Fulton County and other community representatives.

KICKOFF OF LARGEST HOMEOWNERSHIP EVENT IN AMERICAN HISTORY

 

(ATLANTA, GA – September 12, 2018) – Thursday, September 13th at 11:00 a.m. NACA will kick off the largest homeownership event in American history at its “Achieve the Dream” one-stop mortgage event at AmericasMart in Atlanta.  Ten years after the beginning of the mortgage crisis, NACA is the one bright light in mortgage lending for low-to-moderate income and minority borrowers. The program directly confronts the affordable housing crisis with a truly affordable mortgage that requires no down payment, no closing costs, no PMI, at a below market fixed rate and no need for perfect credit.

NACA and Bank of America executives will be joined by Atlanta politicians to highlight the extraordinary homeownership opportunities provided during this five day event.  Over 20,000 homeowners will attend with the opportunity to access NACA’s Best in America Mortgage.  Bank of America has committed $10 Billion to this mortgage.

“The NACA Mortgage, without the need for a down payment or closing costs, eliminates the significant savings requirement that locks out many homebuyers in today’s market” stated Bruce Marks, NACA’s CEO and founder.

The event runs Thursday, September 13th through Monday, September 17th from 8:00 AM – 6:00 PM. The Achieve the Dream event is open to all prospective homebuyers, and NACA services are free of charge.  During this one-stop mortgage operation homebuyers will attend a homebuyer workshop, meet one-on-one with a NACA Counselor, and have their file underwritten to be approved for the NACA Mortgage.

During the mortgage crisis, NACA’s “Save the Dream” events attracted tens of thousands of homeowners where NACA was able to modify over 250,000 unaffordable mortgages. Now NACA’s Achieve the Dream event in Atlanta will also host more than 20,000 primarily low and moderate-income people who are homebuyers participating in NACA’s purchase program.  www.naca.com. Event flyer. #AchieveTheDreamNACA.

 

 

 

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | Leave a comment
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