FOR IMMEDIATE RELEASE
Press Release – August 9, 2018
NACA BRINGS ARIZONA RESIDENTS UNPRECEDENTED HOMEOWNERSHIP OPPORTUNITY WITH
NO MONEY DOWN AND NO CLOSING COSTS.
(PHOENIX, AZ – August 9, 2018) – This morning, Thursday, August 9th at 11:00 a.m. NACA will showcase its “Achieve the Dream” one-stop mortgage event at the Phoenix Convention Center. NACA provides unprecedented homeownership opportunities for hundreds of low and moderate-income homebuyers through its “Best in America” mortgage: no down payment, no closing costs, no fees at a below market fixed rate. Elected officials, community leaders and hundreds of homebuyers will be in attendance.
The Achieve the Dream event, which brings tangible solutions to the local housing crisis, will run daily, Thursday, August 9th through Sunday, August 12th from 8:00 AM – 8:00 PM. The Achieve the Dream event is open to all prospective homebuyers, and NACA services are free of charge.
“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. “NACA’s below market fixed rate along with the ability to buy it down with government assistance provides a monthly payment that makes it possible to purchase homes in Phoenix despite the limited supply.”
During the mortgage crisis, NACA’s “Save the Dream” events attracted tens of thousands of homeowners where NACA was able to modify many unaffordable mortgages, often the same day. Now NACA’s “Achieve the Dream” events will also host thousands of low and moderate-income people whom are homebuyers participating in NACA’s purchase program.
Homebuyers can complete the NACA four step home buying process and be pre-approved for NACA’s extraordinary mortgage in one day. In addition, NACA will continue to assist homeowners modify unaffordable mortgages.
Bank of America, a major partner in NACA’s efforts, will have a representative on hand to discuss their $10 Billion commitment to the NACA Mortgage. Current NACA homeowners from Phoenix who will also be in attendance to share their testimonies of achieving homeownership through the NACA program. Local elected officials are also scheduled to speak.
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 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, NACA pledges a character-based, no fee, no down payment and no closing fee home loan. 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