(Boston, MA) Starting Thursday May 14th NACA, America’s largest HUD certified counseling agency, is conducting massive four-day virtual homebuying events. NACA is changing the face of mortgage lending nationwide by counseling thousands of homebuyers each day and providing access to an extraordinary mortgage: no down-payment, no closing costs, no fees at a below market fix rate (3.0% 30-year and 2.375% 15-year as of 5/14/20). While lenders are tightening their underwriting, NACA with $15 billion of this outstanding mortgage, uses character-based underwriting not one’s credit score.
These virtual Achieve the Dream Events will take advantage of NACA’s state of the art technology to allow thousands of primarily low and moderate income homebuyers to access NACA’s Best in America mortgage program to buy a home with the best terms in the country, with many getting NACA Qualified (i.e. equivalent of pre-approval) the same-day, all without leaving the comfort and safety of their homes.
NACA’s technology allows homebuyers to submit all necessary documents electronically and meet with a NACA counselor via teleconference creating a virtual environment. We provide comprehensive counseling to thousands of homebuyers and for them to access the NACA mortgage over the four-day event. Additional events are scheduled through May will more coming in June to meet the tremendous demand.
NACA Founder and CEO Bruce Marks said, “The virtual Achieve the Dream Events allow us to maintain the unprecedented success we created with our live Achieve the Dream events and transfer it into an entirely online environment. This not only allows NACA to continue to create new homeownership opportunities on a massive scale, but to also make every event a nationwide event instead of a local or regional one, all the while protecting the health and safety of the participants and staff. It’s all hands on deck for our team. Nothing like this has ever been done before in the history of mortgage lending, especially at this scale.”
NACA’s over 250 counselors from coast to coast will be participating in the events, which means homeownership counseling will be happening on a scale not seen since NACA’s historic “Save the Dream” events during the mortgage crisis. Advance registration for the first week’s event is already at capacity of over 7,500 homebuyers, and the following weeks are filling rapidly.
The virtual Achieve the Dream events will have the same four basic steps:
- Attend an online version of NACA’s Homebuyer Workshop to learn how the NACA program works and to learn how to become NACA members.
- Upload required documents to their NACA file.
- Meet with a NACA counselor readiness for homeownership and an affordable payment.
- Meet with a NACA underwriter to be NACA Qualified (i.e. pre-approved) or their next steps.
Bruce Marks continued, “These events will not only give homebuyers the continued opportunity to take advantage of the unbeatable terms of the NACA program but do so on a scale never seen before in American history. The online Achieve the Dream Events are going to change the mortgage industry as we know it and make affordable homeownership available to more people than ever before.”
CBS 3 Philadelphia: https://youtu.be/-Bfbjdui0_A
Maria Lara Testimony: https://youtu.be/L2uUrtDVBhU?list=PLOKHTNNOOuimIC1fm8sxnjg4OzHIIeY5B
CNBC at Miami Event: https://www.facebook.com/watch/?ref=external&v=564349637328357
Information and registration for Homebuyer’s Workshops and the Achieve the Dream Events are on www.naca.com.