With such large demand in these NACA offices I am willing to help you through the NACA process in any way I can! From start to finish. I can be here as a mentor, as a friend, as somebody to vent to throughout your process. My phone and email are ALWAYS open. I have had my own unique experience through the program. I have made friends all around the country whom have also had similar experiences(and different). I know people with 0.0625%, .125%, .8%, 2%, 1.1%, the list goes on!! Often times I see, and hear about far too many people who decide to quit the program for various different reasons. I really dislike seeing that because the program simply brings far too much VALUE to pass up on for the other outdated expensive mortgage options filled with FEES & mass amounts of INTEREST!!! I receive emails from people from all around the country and I cannot express how great it feels to be able to talk someone out of quitting the program for various different reasons. Most times all somebody needs is just someone who has BEEN THERE….EXPERIENCED a setback and simply the need to VENT. A SETBACK IS SIMPLY A SETUP FOR A COMEBACK!!!! These NACA counselors are FAR too busy to be dealing with VENTING. I have no problem taking on that task! Bring it on!
Seriously, if your in the DMV area, reach out to me. Kris.fraley@gmail.com.
Below I will post a review I have posted many times throughout various different channels:
This organization has changed the course of my familys life!
-Interest Rate: 0.0625%(Yes that is 1/16th of 1%) 30 years FIXED
-NO PMI, MIP etc.
-I paid NO closing costs
-Credit score at time of closing: 598, seriously.
-No down payment required(“Principle Reduction” may be required if you buy the interest rate all the way down such as I did, but this is not the norm) This can get confusing very quickly, so for now just know there is no down payment required initially on loans, only if you decide to buy the interest rate down, and even then depending on how far you buy it down.
Purchase Price: 405k
Loan Amount: 383k
Total Mortgage Payment: $1474
Principle & Interest: $1074
Property Taxes & Insurance: $400
Under $1500 a month for a 6 YEAR old house with 1.33 acres located in Frederick County(little north of the DMV- DC/Maryland/Virginia)
Ill explain this as easy as I can. I paid 25k to the bank upfront to buy the rate from 3.5%~ to about 1.75%. I then put down 22k into a “downpayment” aka “principle reduction” and the bank matched that dollar for dollar in further reducing the rate to the lowest allowed by law through CITI BANK to 0.0625%. This is a fixed interest rate. In addition to the 25k interest I paid up front I will be paying roughly $3000 in interest amortized over 30 years(practically nothing) So total interest paid: 28k on a 383k loan. OH but not so fast… I just received a 6k tax refund solely due to deducting the points paid last year. So make that a total of 22k interest on a 383k loan! YOU CANNOT GET THIS ANYWHERE ELSE! IT IS CRAZY!!! The cost to pay for the interest rate upfront LITERALLY pays for itself in 1.5 years!
The amount of interest and fees I am saving over the course of 30 years is approximately $320,000!!!!! That is CRAZY!
FHA you need a 3.5% down payment, Conventional is what 10-20%? Then you have to worry about PMI and MIP… and another “fees” the banks charge you. Its all a bunch of ludicrous. The banks DONT CARE about you. NACA DOES care about you.
SO your saying to yourself: “WOW!!! There must be a catch……”
Here’s the catch: You must be PATIENT, you must be PERSISTENT, and you must be DETERMINED. Naca doesnt just “give out” this mortgage terms. You have to EARN IT. You have to understand how the process works. You have to put in “SWEAT EQUITY”. The process is not FAST. If your looking for a 123 quick mortgage this program is NOT for you. YOU have to be the one on top of your file 24/7. YOU have to be the one who wants “next level” home ownership REAL BAD. My process took pretty much the same amount of time an FHA loan would have taken, maybe 1~ month longer.
I typically try and speak at workshops in the Baltimore area at least once every 2 months or so. I used to be one of those people sitting in the workshops listening to official home owners talking about the program. Now I get to share my success story with everyone else. Nobody is going to stop you through this program but YOURSELF.
I read all of these negative online. Practically all of them have everything to do with ones own lack of preparation, lack of knowledge of the program, lack of personal responsibility, complaining the process is too slow. Listen, the process WORKS. It really does. It does not work for everyone, but it can. The process is not perfect by any means. The counselors are EXTREMELY overworked. Some counselors may have 100+ people they are trying to assist! The way I look at it, some of the best things in life just TAKE TIME. You cant RUSH greatness.
Listen, I grew up on section 8 housing my entire life as a kid. For the first 9 years of my adult life I was renting one crummy apartment after another. I learned about the naca process in 2010. It took me YEARS to grow into the person that had enough DISCIPLINE to obtain these phenomenal mortgage terms. I developed an immense amount of patience. I made HUGE SACRIFICES. Dont ever let anyone tell you what you cant do. YOU have the ability to decide to go after whatever it is you want in life. My mother lives with me. I feel HONORED to be able to put my mother in such a wonderful HOME. I will NEVER have to worry about forclosure EVER. I am not some “special guy” I am not made of money. I am about as common as can be if you were to pass me on the sidewalk. However, I have this immense amount of DETERMINATION, AMBITION, that you cannot buy at walmart. You have it too! You may just not know it yet!
If you live in the DC/VA/MD area and would like me to assist you through becoming a “next level” home owner, feel free to email me at kris.fraley@gmail.com and I will do everything within my power to help you. I can help you locally. We can either meetup, or we can talk on the phone. I can help you get all of your paperwork ready etc. Explain to you from A to Z what the process is going to require. Having someone like me on your side through this process is PRICELESS!!! I have met numerous people throughout the country through this program! Even had a family stop by our house to have lunch on their way to the beach! How amazing!!!
-Kris
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