Tagged: New to the NACA purchase program
April 23, 2013 at 11:19 pm #7294ItsJustMeParticipant
Jack_Toepfer, perfectly said!
We’re 6 months in and still waiting to be qualified. We were ready to go w/MRF, established credit, and adequate income from day one. It’s just waiting and waiting and waiting and being frustrated and dealing with issues that are completely within someones power, but you have no power to handle them. You know that feeling when you’re at Walmart thinking – OMG seriously if I could just jump across the register and do it myself I would be on my freaking way! NACA is that level of frustration 10-fold. You wait, and get frustrated, and wait some more. It will be worth it in the end, for sure, but what to expect – expect to send the same document 15 times (times 100 documents), expect to have to justify expenses, expect to justify every address that comes up on your credit report (my childhood address comes up, lol). Be patient, be nice, but know that it’s like the least efficient beast I’ve dealt with in my adult life, that if it weren’t a killer deal, there’s not a chance in the world that they’d have even a single client.April 24, 2013 at 9:41 am #7298Jesussaves0528Participant
@jdub…As of right now to be honest with you, I’m having doubts about NACA working out for me. We had been moved from counselors. We have the money needed to closed and also we wrote all LOE which by the way was all on our task list. We have been calling our counselor for the past few weeks and he’s not getting back to us. We didn’t need to save extra a month since we wish to stay with the same rent payment. We are only using my husband income since I have been job hopping(nursing student) I would love to own a house by the end of this year but I’m not stressing myself over this program. If it doesn’t happen then we will wait until I’m done with nursing school and secure a job. It’s just really sad that most of the counselor are not responsive and effective.April 24, 2013 at 10:02 pm #7316
Sorry to hear. What state are you in? GOOD LUCK WITH YOUR DEGREE. KEEP YOUR HEAD UPApril 25, 2013 at 8:34 am #7319April 25, 2013 at 9:19 am #7320
I heard Atl is over whelmed!April 25, 2013 at 2:05 pm #73261stTimeBuyerParticipant
Not true, they’re only overwhelmed if you aren’t patient and diligent… and you don’t clearly explain everything to your Mortgage Consultant… I’m dealing with the Atlanta office right now, and I was qualified in 33 days… My initial intake was March 20th, and as of yesterday, April 24th, I am NACA Qualified..
Granted I had MRF (and a lot of shock) saved for months.. I’m not sure if the money being aged in your account matters…
It’s going to be a tedious process, and it WILL require a lot of work on your part, but that’s the marker for home ownership… are you ready to DO the work??April 25, 2013 at 2:16 pm #7328
That’s Awesome 1stTimeBuyer!! Congratulations. I know the process requires patience and taking ovwnership of what needs to be done.I am ready !
I already started the process!! I had my follow-up appointment yesterday and my next appointment will inJuly. I only have a short to do list. So, by July I WILL have all my things ready and I would have more $$$ to go towards buying down my %..April 25, 2013 at 3:10 pm #73291stTimeBuyerParticipant
Great idea.. You have to figure what’s best for you and your situation, but send EVERYTHING that you think might be helpful… Over documentation is a good thing, when dealing with NACA..
buying down the rate is always optimal.. I haven’t actually purchased my home yet, but in talking to other people who went through the program, many of them wished they’d have bought down their rate further… and they already have low mortgages, but buying it down as much as you can makes it even lower..
Imagine a $500-600 mortgage on a new home… that’s a great life!April 25, 2013 at 3:18 pm #7330lrmatthews18Participant
.April 26, 2013 at 12:29 pm #7362TTrumbleMember
Thank you 1stTimeBuyer for the feedback. It’s nice to see somebody provide some testimony to support the things I’m always writing about here. Another way to put it may be that you are either your own best friend or your own worst enemy in this process, and you ultimately decide which one you become.
Online Operations, NACA
email@example.comSeptember 21, 2016 at 12:25 am #34275RandkcopeMember
I have been working with my Naca file since October 2015, my housing coordinator has been awesome, but my online file has not been updated in quite some time. I keep sending in documents, she keeps telling me that she needs to review my stuff and we are almost their, and I keep waiting. I am working to schedule an appointment with her. Has anyone had better experience in person or online? I am wondering if its worth just scheduling an appointment to sit down and talk to someone rather than keep calling and told that ‘its in process, and I need to review it and get back to you’.
Any advice would be helpful,
Thank you and good luck to everyone!September 21, 2016 at 11:21 am #34287TTrumbleMember
Scheduling a follow up appointment is probably a good idea. Many counselors do become truly pressed for time, especially where final reviews for submission to underwriting are concerned.
Call NACA Member Services at 425-602-6222 to get an update on your file and request an appointment with your counselor.
Online Operations, NACA
firstname.lastname@example.orgSeptember 21, 2016 at 12:05 pm #34290SpecialK1975Member
@Jesussaves I’m also in the Georgia location. My intake appointment is Oct 28. I’ve had my first disappointment but I’m not giving up.March 28, 2020 at 12:56 am #66598MakriverParticipant
I’m a newbie here. I would like to set up fax service in my new office. Can you please let me know which one is better for free?March 28, 2020 at 3:54 pm #66601
- You must be logged in to reply to this topic.