FOR IMMEDIATE RELEASE
Press Release – February 8, 2019
NACA BRINGS BIGGEST HOMEOWNERSHIP EVENT IN AMERICA TO ORLANDO
THOUSANDS EXPECTED TO ATTEND EVENT TO ACCESS NACA’S BEST IN AMERICA MORTGAGE
(ORLANDO, FL – February 8, 2019) – The largest homeownership event in the United States will take place in the Orlando area over five days from Thursday, February 14th through Sunday, February 17th. Thousands of future homeowners from Florida and across the US will attend NACA’s “Achieve the Dream” event at The Park Inn and Conference Center, 3011 Maingate Ln, Kissimmee, FL 34747.
The NACA (Neighborhood Assistance Corporation of America) Achieve the Dream event will feature its one-stop mortgage operation, accessing NACA’s “Best in America” mortgage. Attendees can be pre-approved for NACA’s mortgage which features no down payment, no closing costs, no fees, a below market fixed rate and without consideration of a borrowers credit score (click here for flyer).
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 more $13 Billion committed by major banks for their mortgage program. Homebuyers at the event, many of whom had previously given up on homeownership, can be pre-approved the same day through NACA’s four-step process.
The Orlando Achieve the Dream event will be the first event such event in 2019, and the 15th event of the tour, which began in February 2018. Previous NACA Achieve the Dream events have been spectacularly successful with more than 100,000 participants attending the 14 Achieve the Dream events conducted during 2018.
With extremely low numbers of low-to-moderate income and minority buyers achieving homeownership recently, NACA’s Achieve the Dream events have been the one bright spot in a dismal picture. The upcoming Orlando event will significantly impact the affordable housing crisis in Central Florida and beyond.
“The roadblocks to homeownership for low- and moderate-income people have reached crisis proportions”, states Bruce Marks, NACA founder and CEO. “People are coming because their families, friends, co-workers and neighborhoods around the country have told them that NACA is the organization to help them achieve affordable homeownership”, Marks continued.
During the mortgage crisis, through NACA’s Save the Dream events, more than 250,000 homeowners were able to modify their unaffordable mortgages, often the same day. NACA’s Achieve the Dream events provide the same extraordinary outcomes for many thousands of homebuyers.
The NACA Mortgage does not use credit scores or “Risk Based Lending” but underwrites each borrower based on their individual circumstances, disregarding late payments they do not control and considering compensating factors. All borrowers receive these 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 – evaluation of payment history the borrower controls.
- 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 and NACA services are free of charge. Advance registration can be done at www.naca.com and walk-ins are welcome.
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 nation’s largest HUD certified counseling agency. 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. NACA has a proven track record of providing affordable homeownership to low and moderate-income consumers. www.naca.com. #AchieveTheDreamNACA