*****PRESS RELEASE***** 

August 17, 2020


Tim Trumble – Media Coordinator; Cell: 617-947-2632;

Abriel St. Ange, Media Specialist; Cell: 857-529-3220; 


(BOSTON– August 17, 2020) – During the Covid-19 pandemic, thousands of low to moderate income and minority homebuyers are achieving the American Dream of homeownership thanks to NACA’s unequalled Best in America mortgage product.  NACA provides this mortgage with everyone receiving the following terms: no down payment, no closing costs, no PMI and a fixed below market interest rate (2.625% 30-year and 2.125% 15-year as of 8/13/20). 

NACA has accomplished one of most innovative pivots done by any American business during the Covid-19 pandemic.  NACA, the nation’s largest HUD certified non-profit, not only remained open and did not layoff or furlough any staff but has actually hired many additional staff to provide all of its housing counseling services to every part of America virtually.   NACA reimagined its operations using its state-of-the-art technology to create an online version of its face-to-face Achieve the Dream events where thousands of homebuyers would attend to be NACA Qualified (i.e. pre-approved) in one day for NACA’s Best in America Mortgage.  In the virtual Achieve the Dream format, the four-hour Homebuyers Workshop is conducted as a webinar, the documents (i.e. paystubs, bank statements, tax returns, etc.) are uploaded electronically into the homebuyer’s file, the two-hour counseling appointment with a NACA counselor takes place via videoconference, and NACA underwriters review the completed file and notify the homebuyer of their pre-approval or next steps toward qualification. From May 14th through June 21st NACA has completed six virtual video four-day events, counseling homebuyers from 8:00 a.m. to often past midnight Thursday through Sunday and are continuing every other weekend.  Over 35,000 homebuyers have attended these NACA virtual Achieve the Dream events with thousands of homebuyers qualified for the NACA Mortgage.    

The NACA program is an unequalled opportunity for low to moderate income and minority homebuyers to achieve affordable homeownership.  This is done by overcoming the below four major barriers to affordable homeownership for those locked out affordable homeownership:

  • Barrier: High Savings Requirement

NACA Solution: No Down Payment & No Closing Costs

  • Barrier: Unaffordable Terms

NACA Solution: Below Market Fixed Rate & Aggressive Buy-Down

  • Barrier: Restrictive Underwriting based on Credit Score

NACA Solution: Character Based Lending without Consideration of Credit Score

  • Barrier: Racism & Biases

NACA Solution: Pre-Approval & Advocacy

NACA is the most effective organization is overcoming systematic racism and reducing the wealth disparity gap.  Over more than 20 years NACA has originated over 60,000 mortgages with 88% to minority borrowers.  The foreclosure rate is one the lowest at 0.00012 (one-hundredth of one percent).   NACA has $15 Billion committed to this one extraordinary mortgage with $10 Billion from Bank of America.  “While the NACA program sounds too good to be true,” states Bruce Marks NACA’s CEO and founder. “we have demonstrated that when you lend the right way on affordable terms borrowers make their mortgage payments.  Now that we are in all fifty states, we will make the NACA standard the national standard.” 

Lakeisha Williams of Atlanta knows the incredible benefits of the NACA program and the virtual Achieve the Dream events.  She completed the counselling, underwriting, offer, application, approval and closing all through the virtual Achieve the Dream process.  She began the NACA process in mid-May and closed on her $340,000 home on July 24th with an amazing 2.125% fixed interest rate.

“I’m very grateful to not have to leave my home and to be able to speak to a lot of people. I’m just really thankful that Covid-19 didn’t stop my blessing,” Ms. Williams said about the entirely on-line experience. “I’m just so thankful to NACA for making my dream come true.”

Virtual Achieve the Dream events are presently scheduled through November. Dates and registration for the initial online Qualification Workshop and the Achieve the Dream events can be found on NACA’s website at

Links to Achieve the Dream events:

NACA’s Achieve the Dream Events

Success Stories at NACA’s Achieve the Dream Events

Preview in new tab(opens in a new tab)

Dallas Achieve the Dream Event

FOX story

Houston Testimonial Maria Lara

About NACA (

Started in 1988, NACA is the largest HUD-Certified nonprofit, community advocacy, and homeownership organization in the United States. NACA has been the forefront in fighting predatory lending and has been the most effective organization in providing affordable solutions to over 250,000 homeowners.  NACA provides the best mortgage in the country through its 48 offices nationwide. NACA’s founder and 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. He has also testified before Congress on numerous occasions including September 12, 2000—being one of the few to sound the alarm of the pending mortgage crisis. For more information, please visit

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