(Kissimmee, FL) Florida 9th District Congressman Darren Soto (D) will visit NACA’s Achieve the Dream homeownership event Saturday morning at 11:00 a.m. at the Park Inn Radisson, 3011 Maingate Lane, Kissimmee, FL 34747. While at the event, the congressman will meet with NACA homeowners, hundreds of homebuyers and NACA CEO Bruce Marks.
The Achieve the Dream event, which opened Thursday, is helping thousands of low and moderate income home buyers obtain NACA’s Best in America mortgage which features no down payment, no closing costs, no PMI and no need for perfect credit. Ten years after the beginning of the mortgage crisis, NACA is the one bright light in the disastrous lack of mortgage lending for low to moderate-income and minority borrowers. (click for CNBC story)
NACA CEO Bruce Marks commented, “As a member of the House Subcommittee on Consumer Protection and Commerce, Congressman Soto is acutely aware of the affordable housing crisis in Florida and the entire country. He will get to see how the NACA program and especially our Achieve the Dream events directly address the housing crisis by providing low and moderate income buyers with NACA’s Best in America mortgage that destroys the myth that it is not possible to lend on affordable terms to low-to-moderate income and minority individuals on scale.”
As Forbes magazine stated in their comparison of the best low down payment mortgages, “There is one exception, NACA, that charges the same rate regardless of the credit score”. Bank of America has committed $10 Billion to the NACA mortgage program.
The Orlando Achieve the Dream event runs through Sunday, February 17th from 8:00 AM to 8:00 PM each day. The event is open to all prospective homebuyers, and NACA services are free of charge. Previous NACA Achieve the Dream events have been spectacularly successful with more than 5,000 participants at each one across the country and thousands of pre-approvals.
NACA Mortgage underwriting does not use the restrictive and ineffective “Risk Based Lending” criteria. NACA underwriters evaluate each borrower based on their individual circumstances, eliminating late payments they do not control and considering compensating factors. All borrowers receive the same extraordinary terms:
- No down payment required
- No closing costs (lender paid)
- No fees
- Loan-to-value -100% for purchase and 110% for purchases with a rehab
- No consideration of credit score
- Below market fixed interest rate
- Term of 15 or 30 years fully amortizing
- Buy-down to permanently reduce the interest rate to virtually zero percent
- Purchase and renovation funds available
The Achieve the Dream event is open to all prospective homebuyers. NACA services are free of charge and walk-ins are welcome.
Local 10 Miami