Just starting the program, what to expect

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Viewing 15 posts - 16 through 30 (of 32 total)
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  • #7294
    ItsJustMe
    Participant

    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.

    #7298
    Jesussaves0528
    Participant

    @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.

    #7316
    jdub
    Participant

    Sorry to hear. What state are you in? GOOD LUCK WITH YOUR DEGREE. KEEP YOUR HEAD UP

    #7319
    Jesussaves0528
    Participant

    @jdub I’m in GA, our local office is in Atlanta. Thanks for the comments

    #7320
    jdub
    Participant

    I heard Atl is over whelmed!

    #7326
    1stTimeBuyer
    Participant

    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??

    #7328
    jdub
    Participant

    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 %..

    #7329
    1stTimeBuyer
    Participant

    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!

    #7330
    lrmatthews18
    Participant

    .

    #7362
    TTrumble
    Member

    Hello all,

    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.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

    #34275
    Randkcope
    Member

    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!

    #34287
    TTrumble
    Member

    Hello Randkcope,

    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.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

    #34290
    SpecialK1975
    Member

    @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.

    #66598
    Makriver
    Participant

    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?

    #66601
    kb7571
    Participant

    @Makriver I use genius scan…its an app on your phone where you can take the photo of a document and it converts it to pdf automatically. Saved alot of time…not that it mattered smh

Viewing 15 posts - 16 through 30 (of 32 total)
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