Applying for a mortgage can be a tough task for aspiring homeowners. Especially so for borrowers with low to moderate incomes or perhaps less than stellar credit. While the availability of credit in the early-mid 2000s made it possible to get a mortgage, this was irresponsible. These types of mortgages would typically include a teaser rate, eventually leading to payment shock.
These days, NACA seeks to avoid that mess. In addition to a wide depth of resources available to homebuyers to ensure they get the best possible deal, NACA also provides what has been dubbed the “Best Mortgage In America”. This means that qualified borrowers will be able to take advantage of the following mortgage perks NACA has to offer:
- No down payment
- No closing costs
- Below market interest rates
- No Points
- Buy-downs to near-zero interest rates
- No fees
Seem too good to be true? For once, it isn’t! What’s more, NACA is not a program only available to people with certain income or credit scenarios, it is available to all qualified borrowers who do not currently own a home! Even if the desired property requires more renovation than the buyer can afford, NACA will finance that renovation as well to allow the buyer to purchase their dream home, even if it is a fixer-upper.
This underutilized and underpublicized product is a great tool in the tool belt of first time homebuyers and realtors alike who are striving to get the best deal.
You can read more about the different programs available at www.NACA.com.
Express Cash Flow – Commission advances for real estate agents and brokers www.ExpressCashFlow.com.