NACA 15 Year Mortgage: “Best Mortgage in the History of Real Estate”

Press Release – January 5, 2015
Tim Trumble, Media Coordinator – Cell: 617-947-2632;
Bruce Marks, NACA CEO, Cell: 617-835-4477;
NACA 15 Year Mortgage: “Best Mortgage in the History of Real Estate”
(Boston, MA – January 5, 2015) The groundbreaking 15-year home loan introduced by NACA was featured in Sunday’s Los Angeles Times and referred to as the “best mortgage in the history of real estate”. The article focused on NACA members Grace and Armando Ong of Azusa, CA who were the first in the area to buy their home through the new NACA 15-year “Freedom Loan” program. Mrs. Ong told the Times “The American Dream is a reality” thanks to the program. The program requires no down payment, no closing costs, perfect credit is not required and it allows the buyer to aggressively buy down the interest rate to virtually zero percent. Based on NACA’s present 15 year rate of three percent for a $100,000 mortgage and with $6,000 from the buyer, seller or other sources the interest rate would be reduced to zero percent (i.e. one percent of the mortgage permanently reduces the interest rate by half a percent).
“We call it a Freedom Loan because it creates freedom from debt”, states Bruce Marks, Founder and CEO of NACA. “This program is a real game-changer. It allows low and moderate income families to become homeowners in a way that builds financial security for them. It also allows the buyer to reach over 40 percent equity in just seven years without any appreciation in the property value because nearly all of the mortgage payment is going straight to principal. In fact it is the most effective savings program in America.”
The Ongs, who bought down their interest rate to 0.5%, are among the first to receive the new loan, which is available through all of NACA’s 40 offices nationwide. It is anticipated that between a third and a half of all homebuyers who come through NACA will use the Freedom Loan.
In a later interview with CBS 2 Los Angeles, Mrs. Ong put it simply: “We’re happy. Very happy.” (Click here view the video)
The original LA Times story can be found at
About NACA (
NACA, Neighborhood Assistance Corporation of America, founded in 1988, is the largest HUD certified counseling agency with more than two million members. NACA is the largest and most effective organization in modifying mortgages and provides the best mortgage in the country. NACA has been highlighted in the national news and its CEO Bruce Marks was named Bostonian of the Year for 2007 because of his work in getting the major lenders and servicers to modify home loans for borrowers who come through NACA. See Bostonian of the Year. He has also testified in congress on numerous occasions including on September 12, 2000, being one of the only people to sound the alarm of the pending mortgage crisis. Mr. Marks has remained the country’s foremost advocate for home ownership, and was recently profiled in The New York Times as “The Homebuyer’s Champion”. For more information go to
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  1. Bernadine Buckingham
    Posted September 22, 2017 at 4:43 pm | Permalink

    Hello, a co-worker and friend referred me to this program. I would like more information please. My e-mail is xxxxxxxxxxxx. Look forward to hearing from you.

    Bernadine Buckingham

    • Posted September 22, 2017 at 5:00 pm | Permalink

      Hello Bernadine Buckingham,

      You will find a great deal of information on our website at, but the best thing you can do is go to the website to locate and register for one of our American Dream Home Buyer Workshops. the workshop will tell you all about NACA and our Purchase Program, and is also the required first step in the process.

      Tim Trumble
      Online Operations, NACA

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