NACA OPENS NEWEST OFFICE IN UPLAND

*****MEDIA ADVISORY*****
FOR IMMEDIATE RELEASE
Press Release – October 8, 2016

CONTACT:
Tim Trumble, Media Coordinator, Cell: 617-947-2632; ttrumble@naca.com
Bruce Marks, Founder & CEO, cell: 617-835-4477.

NACA OPENS NEWEST OFFICE IN UPLAND

NACA Founder, Elected Officials and Many NACA Homeowners to Attend Event

NACA Provides Best Mortgage in America – Today’s Interest Rate: 30 yr: 2.875% apr 15 yr: 2.25% apr

(UPLAND, CA – October 8, 2016) – On Tuesday October 11th at 12:00 p.m. in Upland, NACA will celebrate the establishment of a permanent presence in the Inland Empire at the Grand Opening of its new Upland office. Southern California homebuyers can access NACA’s incredible mortgage: no down payment; no closing costs, and no need for perfect credit at the lowest fixed interest rates available. NACA has $13 Billion of this mortgage product with everyone receiving the same terms and qualification not based on a borrowers credit score.

NACA’s Founder and CEO Bruce Marks will preside over the ribbon cutting ceremony at 12:00 noon Tuesday at the new NACA office at 205 North, 2nd Avenue, Upland, CA. Elected officials including members of Congress and Inland Empire communities are expected to attend in support of NACA’s efforts, as well as local community leaders and clergy. While the NACA program sounds too good to be true, NACA homeowners who purchased through the Los Angeles office will be there to provide personal testimonies.

With Upland being the 42nd office nationwide, NACA brings its groundbreaking Best in America Mortgage, comprehensive counseling and aggressive community advocacy. NACA Founder and CEO Bruce Marks states that “NACA is a game changer, for those devastated by lenders predatory practices and now cut-off by banks refusal to lend to working people. As good as the NACA mortgage sounds it is even better including aggressive interest rate buydown to zero percent, rehabilitation funds and more.”

NACA is also widely known and respected nationwide and in California for its Home Save Program and events where over 250,000 struggling homeowners received affordable solutions – many in California.

Media Clips:
CBS2/KCAL9: NACA Returns To Inland Empire To Help Struggling Homeowners
ABC7: NACA Mortgage Assistance Event Underway in Ontario

NACA’s advocacy for homeowners was also highlighted recently when the owner of a Southern California mortgage modification scam exposed and sued by NACA was sentenced to prison. The now defunct First One Lending Corporation was a mortgage modification scam operation that falsely claimed to be affiliated with NACA. John Vescera, president of First One, was sentenced to prison three years after NACA sued, won, recovered and refunded their victims’ money.

Department of Justice: Owner of California Company that Falsely Advertised Mortgage Assistance Sentenced to Prison

KTLA: Scammed Homeowners Get Money Back
Univision 34: Victimas Recibiran Miles De Dolares

New York Times: The Homebuyer’s Champion

About NACA (www.naca.com):
NACA is the largest and most effective organization in modifying mortgages and provides the best mortgage in the country. NACA 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 before Congress on numerous occasions including September 12, 2000, being one of the only people to sound the alarm of the pending mortgage crisis. For more information go to www.naca.com

This entry was posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Post a comment or leave a trackback: Trackback URL.

2 Comments

  1. Dee
    Posted December 22, 2016 at 3:47 pm | Permalink

    I have been involved in the program for roughly 2 years. As of March 2016 I was told that the maximum purchase price in San Bernardino county was $216k. I was recently speaking with a real estate agent who mentioned that he’s closed more than 5 loans with buyers using NACA. I just simply need to know what the maximum purchase price is and are there any income limits attached to it. Thanks!

    • Posted December 29, 2016 at 12:11 pm | Permalink

      Hello Dee,

      The NACA program is designed to help primarily low and moderate income families get fair fixed rate affordable mortgages and in turn help stabilize neighborhoods across the country. While there are no income limits whatsoever for the NACA program, in most cases there is a regional Maximum Acquisition Cost to discourage upper income borrowers from using NACA just as a source for a cheap mortgage.

      Your NACA counselor is your source for the regional Maximum Acquisition Cost since they are familiar with the limitations for your area.

      There are two sets of circumstances where the regional limit may be waived:

      1 – If your income is below 80% of the median income for your Metropolitan Service Area (MSA) as determined by the Federal Financial Institutions Examination Council (FFIEC), a federal inter-agency organization, there is no Maximum Acquisition Cost.

      2 – If your income is above 80% of the median income for the MSA, but the home you wish to purchase is in a CENSUS TRACT with a median income less than 80% of the median income for the MSA, there is again no Maximum Acquisition Cost.

      Tim Trumble
      Online Operations, NACA
      ttrumble@naca.com

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