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America's Best Mortgage!
One Mortgage Product - $10 Billion Committed

4.25%

Fixed 30 Year (as of 11/16/2009)
No Down Payment, No Closing Costs

HOME SAVE PROGRAM

NACAs Home Save Program is nationally recognized as the most effective solution for homeowners with an unaffordable mortgage providing such solutions nationwide as the largest such organization. The NACA solution is to restructure the existing mortgage by permanently reducing the interest rate to achieve an affordable mortgage payment. A mortgage restructure is not a refinance that requires eligibility for a new loan (i.e. high credit scores, high property values, etc). Since a restructure reduces either or both the interest rate and/or mortgage principal on the existing first mortgage, there are no mortgage criteria eligibility restrictions. If the homeowner is unemployed NACA provides a forbearance with a minimum payment until that have steady income to have their mortgage restructured. The only homeowners not eligible are investors who own other properties. The sole exception to this requirement is when a homeowner who lives in the home they want to restructure and the occupants of a second property are immediate relatives and they can document that they are such relatives and they live in the property.

NACA has legally binding agreements with all the major lenders/servicers covering over 90% of homeowners to achieve to a restructure or forbearance and is advocating against others. All of NACA’s services are Free. NACA also provides for free a forensic audit to determine any violations in obtaining your current mortgage. Click here to access this program (need Mortgage Documents (current mortgage) – HUD1/Settlement Statement & Note (if not sure bring all documents from the closing)

NACA has developed a streamlined process to best assist you including working with a dedicated NACA counselor. You need to complete the Homeowner Submission, attend a NACA Workshop and meet with your Mortgage Consultant. If you have an auction date click here for Sale/Auction Dates and NACA will work to suspend it to provide an opportunity to assist you. Please follow the procedures stated below. If you are beginning the process take the first step by attending a workshop now.

Existing Members Click here

New Members Click here

Stage 1

Click here for Workshop

Attend NACA Workshop

Attend a free NACA Workshop to learn about NACA and the Home Save Program. There are a number of workshops offered every month by each NACA office. Upon completion of the NACA Workshop, complete the web-submission section in the website and then make an appointment for an individual counseling session either face-to-face or by phone. If you do not live in a state where NACA has a workshop, complete the web-submission and make an appointment for a phone counseling session.

Stage 2

Click here for Submission

Web-Submission

You need to input information through our website. There are ten sections that require personal, property, mortgage and financial information for you and co-borrower(s). This can be done over a period of time. Complete as much as possible since the more information and documentation you submit the faster and more effectively we can meet your needs. You need to be completely accurate and honest. We will require verification of the information you submit. If you are not sure or comfortable on utilizing the website, bring whatever you have to your counseling session.

Stage 3

Click here for Appointment

Counseling Appointment

Make an appointment to meet with a NACA counselor for a face-to-face meeting or a phone session. Phone sessions are available sooner and more flexible times. For a phone session you must complete the web-submission.

Stage 4

Click here for Fax Cover

Click here to Upload

Document Submission

You need to submit the following documents by fax, electronically or bring them to your meeting with your Mortgage Counselor.
     a) Income verification for most recent available 30 days. For self-employed, six months of income verification.
     b) Monthly Mortgage Statement (most recent available)
     c) Tax Returns Authorization (Form 4506T). (Click here to print)

The following documents would be helpful in further assisting you. You should submit them if possible
     a) Property Tax Bill (most recent available)
     b) Homeowners Insurance Bill (most recent available)

The most effective and fastest way to assist you is to submit the documents into your electronic file by any of the following three options:
     a) Personalized fax cover sheet that has your Member ID and faxing to
        1-877-Fax-NACA (1-877-329-6222) (Click here to get the fax cover sheet);
     b) Personalized email;
     c) Your computer (Click here to upload documents).

Stage 5

Individual Counseling

Your counselor works with you to complete a budget documenting a mortgage payment you can afford over the long-term and obtain required documents. The budget identifies your monthly net income, less monthly liabilities, less monthly expenses, less $200 for non-recurring expenses. Your budget would be verified with documentation including pay stubs and liability payments from your credit report. If you are unemployed the solution would be a forbearance with a minimum payment until you have stable income and can be considered for a NACA Restructure. The NACA recommended solution with your budget and supporting documentation is submitted to your servicer electronically.

Stage 6

Negotiating Your Solution

NACA’s Negotiators work with your servicer to accept the NACA Solution and will contact you if additional documents or information is needed. NACA has legally binding agreements with all the major servicers covering over 90% of homeowners to achieve the NACA Restructure or Forbearance solution and is working effectively with other servicers. While the servicer has considerable discretion in changing the mortgage terms to achieve a NACA Restructure or forbearance, in some cases the servicer would need to obtain approval by the investor. If the servicer does not accept the NACA Solution or have the authority to approve, then NACA would request that the investor approve the NACA Solution.

Once your solution is accepted, you should receive the documentation from the servicer often within two weeks. You need to review the documents carefully to verify that the payment is affordable, is permanent with no increases and is for the remaining term of the mortgage. If you have any questions or concerns you need to contact NACA at 1-888-404-6222. Once accepted you need to sign the documents and return them to the servicer. These will be binding regardless of who services or purchases your mortgage.

Stage 7

Click here for
Servicer & Politician Contacts

Advocating for Your Solution

If your servicer or investor does not accept your NACA solution, your participation in our advocacy campaigns will be even more important in achieving a long-term affordable payment you and many others. It is personal if you lose your home which results in losing your neighbors, your children losing their school and friends, losing your community and turning your lives upside down to say the least. Since the ultimate decision maker is the CEO of your servicer and investor or government official we hold them personally responsible.

We will provide you with their direct contact information, personal phone numbers, addresses of the homes they own and anyother information. This information will also put on our website at www.naca.com. Much of this information comes from our members who do the services including cleaning the homes, providing security and much more for these over-paid executives. They cannot hide. We then go to their homes with hundreds of homeowners to hold them personally responsible for their actions. While these actions are non-violent , they do result to personal interactions that force these executives to be personally responsible for their actions. We are also holding government officials responsible since their programs often do not meet the NACA standard. You need to involve your family members, your friends, your co-workers, your neighbors and everyone else. Your responsibility is to relentlessly call, email and advocate until they get your solution accepted. Your direct advocacy with the hundreds of thousands of NACA Members will be an irresistible force.

Stage 8

Click here for local office

Participation

We need your continued participation to advocate for other homeowners with an unaffordable mortgage and for economic justice. We are thy bothers keeper and cannot be satisfied until we all receive the NACA affordable solution. There are numerous activities to take part in, including participating in demonstrations; volunteering in the NACA office; assisting other homeowners or homebuyers, and; and providing your skills and knowledge to assist others. Contact your local office or NACA’s national office at 1-888-302-6222 to discuss how you can volunteer. Thank you for your continued involvement with NACA.

REMEMBER TO PARTICIPATE

For information about the NACA program, contact service@naca.com. Questions, comments, or concerns about this Web site? Contact webmaster@naca.com.
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