First ACHEIVE THE DREAM Event of 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 | 5 Comments

TAX TIME AND THE GOVERNMENT SHUTDOWN

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 | 2 Comments

2018 W-2 and 1099 Deadline Approaching

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!

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

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NACA CONDUCTS LARGEST HOMEOWNERSHIP EVENT IN ILLINOIS HISTORY

*****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.

 

 

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NACA Conducts Chicago Homeownership Event for Thousands

*****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

 

*****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.

 

 

 

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NACA KICKS OFF LARGEST HOMEOWNERSHIP EVENT IN AMERICAN HISTORY SEPT. 13, 11:00 AM

 

*****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: More than 1,000 homebuyers, many NACA homeowners, Atlanta City Council Members and other community leaders, NACA CEO Bruce Marks, Bank of America representative and others.

KICKOFF OF LARGEST HOMEOWNERSHIP EVENT IN AMERICAN HISTORY

(ATLANTA, GA – September 12, 2018) – Thursday, September 13th at 11:00 a.m. NACA will showcase the largest homeownership event in American history to kick off 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 genuinely affordable loan that requires no down payment, no closing costs, no PMI and no need for perfect credit.

Elected officials including Atlanta City Council members Michael Bond and Matt Westmoreland along with other community leaders and more than 1,000  homebuyers will be in attendance at the Achieve the Dream kickoff event to highlight the NACA program’s tangible solutions to the local housing crisis

“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 the mortgage crisis, NACA’s “Save the Dream” events attracted tens of thousands of homeowners where NACA was able to modify many 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

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MEDIA ADVISORY – KICKOFF OF LARGEST HOMEOWNERSHIP EVENT IN AMERICAN HISTORY

*****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: More than 1,000 homebuyers, many NACA homeowners, Atlanta City Council Members and other community leaders, NACA CEO Bruce Marks, Bank of America representative and others.

KICKOFF OF LARGEST HOMEOWNERSHIP EVENT IN AMERICAN HISTORY

 

(ATLANTA, GA – September 12, 2018) – Thursday, September 13th at 11:00 a.m. NACA will showcase the largest homeownership event in American history to kick off 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 genuinely affordable loan that requires no down payment, no closing costs, no PMI and no need for perfect credit.

Elected officials including Atlanta City Council members Natalyn Archibong, Michael Bond and Matt Westmoreland along with other community leaders and more than 1,000  homebuyers will be in attendance at the Achieve the Dream kickoff event to highlight the NACA program’s tangible solutions to the local housing crisis.

“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 the mortgage crisis, NACA’s “Save the Dream” events attracted tens of thousands of homeowners where NACA was able to modify many 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 | 2 Comments

NACA BRINGS BIGGEST HOMEOWNERSHIP EVENT IN AMERICAN HISTORY TO ATLANTA SEPTEMBER 13-17

 

 

 

FOR IMMEDIATE RELEASE
Press Release – September 10, 2018

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 AMERICAN HISTORY TO ATLANTA

 

MORE THAN 20,000 TO ATTEND EVENT TO ACCESS NACA’S BEST IN AMERICA MORTGAGE

 

(ATLANTA, GA – September 10, 2018) – The largest homeownership event in United States history will take place over five days from Thursday, September 13th through Monday, September 17th as more than 20,000 homebuyers from Georgia and across the United States attend NACA’s Achieve the Dream event at AmericasMart in Atlanta. They can be pre-approved for NACA’s Best in America Mortgage: no down payment, no closing costs, no fees, at a below market fixed rate without consideration of a borrowers credit score (click here for flyer). 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 NACA (Neighborhood Assistance Corporation of America), event, called “Achieve the Dream”, will feature its one-stop mortgage operation, accessing NACA’s Best in America mortgage. Homebuyers, many of whom had given up on homeownership, can be pre-approved for NACA’s Best in America Mortgage the same day through the four-step process: 1. Homebuyer education workshop; 2. Providing full documentation; 3. Meeting one-on-one with a Housing Counselor; and 4. Meeting with an underwriter to be pre-approved for the NACA Mortgage or determine any additional steps to be taken. 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 over $13 Billion for this mortgage committed by Bank of America and CitiMortgage.

The Atlanta Achieve the Dream event will be the eleventh one this year. Previous NACA Achieve the Dream events have been spectacularly successful with over 5,000 participants at each one and thousands of pre-approvals across the country. The Atlanta event will surpass the previous events by far and will destroy the myth that it is not possible to lend on affordable terms to low-to-moderate income and minority individuals on scale. With the historically low number of low-to-moderate income and minorities recently achieving homeownership, NACA is the one bright spot. This event, which is unprecedented in its size and scope, will significantly impact the affordable housing crisis. It runs Thursday, September 13th through Monday, September 17th from 8:00 a.m. – 6:00 p.m. each day, and will be held on the 4th Floor, Building 2 of AmericasMart, 230 Ted Turner Drive NW, Atlanta, GA 30303.

“The roadblocks to homeownership for low- and moderate-income people has reached crisis proportions, and the massive number of pre-registrations we have received for this event proves just how extreme it has become. More than 20,000 people will be attending during this five-day event”, states Bruce Marks, NACA founder and CEO. “People are coming because their families, friends, co-workers and neighbors around the country have told them that NACA is the organization to achieve affordable homeownership. 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,” Marks continued.

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 Atlanta Save the Dream events were incredible with tens of thousands of homeowners. Now, NACA’s Achieve the Dream event will provide the same extraordinary outcomes for many thousands of homebuyers and continue to assist homeowners with an unaffordable mortgage.

The NACA Mortgage, without the need for a down payment and the lender paying all the closing costs, eliminates the significant savings requirement that locks out many homebuyers. The NACA below market fixed rate with the ability to buy it down with government assistance provides a payment that makes it possible to purchase homes despite the limited supply. NACA does not use “Risk Based Lending” but underwrites 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:
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 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, 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

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | 16 Comments
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